EURGBP PROFIT

EURGBP PROFIT
13th February 2018 contacttf
The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

I missed the first entry point because I was too busy mapping out the resistance area.

Price did retrace slightly, so I took the position. For this reason, I wanted to move my stop to breakeven, at the earliest opportunity.

My loss would have been double that of my normal risk tolerance.

Trade closed using 5 min Ichimoku cloud moving average. I would normally let price run had my entry been better.

DEFINITION of 'Tenkan-Sen' The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.

 

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