USDCHF PROFIT

USDCHF PROFIT

27th July 2016 contacttf

Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it's how individuals and businesses convert one currency to another. FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities there's no central exchange.

This was a really good trade. The spead the move happend was great.

1min, 5min and 1 hr were are stacked. I noticed that the price was extended away from from Kijan and Tekan Sen.

I felt, the probabilty of a winner was close to 100%.

I closed out earlier than the RSI Blue at RSI Red. I have noticed in the past that I give back half of what I make.

My exit was further compounded by:
1. Price hitting support
2. Price away from Kijun and Tenkan Sen.
3. Hammer bar chart

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. Along with the 26-period moving average, Kijun-Sen, it is one of two moving average lines displayed in the chart.