Posts tagged with ‘#pips’

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    AUDJPY LOSS

    The entry for this trade was similar to the previous 2 posts. I decided to close out this exit, because…

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  • #trade #forex #trading #broker #forexsignal #forexsignals #forextrader #gold #brent #stocks #money #trader #business #pips #wallstreet #entrepreneur #fx #motivation #success #profit #investment

    AUDNZD PROFIT

    1 of 3 trades taken in quick succession. The setup on all these were very similar. Using the Resistance zone,…

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  • The Ichimoku Cloud is an indicator designed to tell you everything you need to know about a price trend, including its direction, momentum, dynamic support and resistance levels, and even trade signals. The Japanese name—Ichimoku Kinko Hyo—means “one look (or glance) equilibrium chart.”

    #EURCHF PROFIT

    Trade taken again. As soon as price cleared the cloud there was little movement. I am not 100% certain but…

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  • The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

    GBPUSD PROFIT

    My stop was tight and my limit range was near. It was slow to run but the trade worked perfectly.…

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  • All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal point. A pip or percentage in point, is the smallest increment of trade.

    EURGBP LOSS

    I took the trade because the current market sentiment is bearish for EUR and Bullish for GBP. Taking this into…

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  • The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

    EURCHF LOSS

    The EURCHF was stopped out before I could post my entry on the social sites. I made the wrong move…

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  • On the daily chart, this line is the mid point of the 52 day high-low range, which is a little less than 3 months. The default calculation setting is 52 periods, but can be adjusted. This value is plotted 26 periods in the future and forms the slower Cloud boundary.

    USDCAD PROFIT

    I took another punt at USDCAD, but again I did not follow my strategy. I was unable to draft a…

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  • On the daily chart, this line is the mid point of the 52 day high-low range, which is a little less than 3 months. The default calculation setting is 52 periods, but can be adjusted. This value is plotted 26 periods in the future and forms the slower Cloud boundary.

    AUDUSD PROFIT

    I got back in again, because price bounced off my pre-drawn support line. Trade closed after price looked like turning…

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  • The term

    EURCHF PROFIT

    I missed the initial entry because I was away from my desk. Trade was taken with a smaller return outlook.…

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  • The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

    USDJPY PROFIT

    I was a little late getting in because my focus was looking through the longer term charts. The USDJPY has…

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