Posts tagged with ‘USDCAD’

  • 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.

    USDCAD PROFIT

    Entry taken again, but this time I was able to score a support line from the 4 hour chart. I…

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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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  • 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.

    USDCAD BREAKEVEN

    There was never really an opportunity here. I forced this trade through. The 1, 5 and 10 min charts were…

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  • The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

    USDCAD PROFIT

    This was possibly my best trade ever. The timing of the near perfect entry/exit was awesome. It’s price was floating…

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  • #capital #income #millionaire #trading #entrepreneur #success #daytrading #motivation #nyse #nasdaq #commodities #trading #entrepreneur #motivation #daytrading #currency #millionaire #trading

    USDCAD LOSS

    The price came back up to my resistance zone. I got in again because the trade felt like a perfect…

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  • #foreignexchange #futures #forexmarket #cash #forexgt #trading #entrepreneur #forextrading #fxunited #fxprimus #binaryoptions #investment #analysis #currencytrader

    USDCAD BREAKVEN

    After missing on USDCAD previously. I got in at the earliest opportunity. My entry was not ideal because price started…

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  • 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”.

    USDCAD LOSS

    I looked through all my pairs, but there is not much in the way of trade opportunities. I took the…

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  • #forextrader #gold #brent #stocks #money #trader #business #pips #wallstreet #entrepreneur #fx #motivation #success #profit #investment #finance #invest #daytrader #wealth #stockmarket

    USDCAD BREAKEVEN

    I got into the trade thinking that we are near a swift price drop. We did not see this drop,…

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

    USDCAD BREAKEVEN

    I was neither here or there in this trade, my entry was in ‘no mans land’. My judgement to get…

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  • #life #swingtrader #mt4 #chart #capital #income #millionaire #trading #entrepreneur #success #daytrading #motivation #nyse #nasdaq #commodities #trading #entrepreneur #motivation #daytrading #currency #millionaire #trading

    USDCAD PROFIT

    The charts are mostly in sync, exuding the longer time frames (1 day, week and month). I could see enough…

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