Posts tagged with ‘breakeven’

  • The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into “one look equilibrium chart”.

    EURUSD BREAKEVEN

    Trade did not work out as expected. I used the Tenkan sen and Kijun sen on the 1 hour to…

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  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    USDCHF BREAKEVEN

    I saw resistance on 1 hour charts. The chart setup on the 5min, was not great. Price was floating near…

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  • A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for a given equity. These points, known as signals, are often marked on a chart in real time and prompt the immediate execution of a trade.

    GBPUSD BREAKEVEN

    Very poor trade overall. I should have known better. My entry was stuck been 2 resistance areas. The price started…

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  • The euro (sometimes called “fibre”) is used by over 320 million Europeans and 17 nations in the eurozone (euro area).

    EURUSD BREAKEVEN

    I made so many mistakes in this trade. I was not fully confident about the entry. Some resistance points on…

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  • Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

    GBPUSD BREAKEVEN

    I was hoping the price would rise up to my intended entry target of 1.26543. This would be directly under…

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  • Traders came up with a number of different ways to invest or speculate in currencies.

    USDCAD BREAKEVEN

    The overall momentum on the 4 hour chart was down, but I believe in trades need to come back into…

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  • With a stop-on-quote order, a trade will only be initiated once the price reaches a specified level, or trigger, called a stop price.

    GBPUSD BREAKEVEN

    My charts were not fully lined up. RSI on 5 min was not perfectly setup. I…

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  • Majority of trades are successful and yet traders are losing. ... In this article, we look at the biggest mistake that forex traders make, and a way to trade appropriately. Why Does the Average Forex Trader Lose Money?

    USDCAD BREAKEVEN

    I tried to let $usdcad ride, but I did not want to hold for a loss. My recent trade losses,…

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  • USD/JPY Pivot Points Charts, US Dollar/Japanese Yen, Support, Resistance, Intraday (Hourly, 4 Hours), Short Term (Daily), Medium Term (Weekly), Long Term

    USDJPY BREAKEVEN

    I having been grappling with this trade for some days. Charts line up, but the 1 day was showing strong…

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  • Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

    USDJPY BREAKEVEN

    I lost a few pips earlier on $usdjpy. The trade snapped through resistance and bounces off 108.00. I took the…

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