Posts tagged with ‘USD/JPY’

  • 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.

    USDJPY LOSS

    I got stopped out before I could post my entry on Twitter and Google+. It was a high risk trade…

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  • #trendsoftrading #stocks #wallstreet #forex #motivated

    USDJPY BREAKEVEN

    Trade taken on price reversal. Tight stop added. #usdjpy $usdjpy #forex #fx USDJPY CLOSED BREAKEVEN. I closed out because I…

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

    USDJPY LOSS

    Another successful trade. I am on the wrong side so I will not be chasing this again today. Price just…

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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

    USDJPY LOSS

    Second bite. Trade taken after price consolidation. I got stopped out again. I think the market needs too get back…

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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”.

    USDJPY LOSS

    Trade did not work out as expected. The Ichimoku cloud was flat on the 1min chart. The trade was taken…

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  • What is Forex Trading? 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

    All charts line up, I used the cloud support on 1 day chart to gain entry. I was a little…

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  • Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

    USDJPY LOSS

    All charts were lining up. The trade did not work out. Trade got stopped out within 3 mins, and I…

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  • A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on. One pip is the smallest price change that an exchange rate can make.

    USDJPY LOSS

    All charts line up. The trade entry was according to my strategy. The loss happened so quick, I was unable…

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  • The U.S. dollar/Japanese yen pair features low bid-ask spreads and exceptional liquidity. As such, it is a great pair to trade for newcomers to the forex market as well as an old favorite for more experienced traders.

    USDJPY LOSS

    Very poor entry and trade. I got caught being inactive, and tried a position which did not have clear support…

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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 LOSS

    2 losses in a row. The system was coherent. The trade did not work out this time. We move on…

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