Tag: candlestick charts

EUR/USD – Closed Trade +350 PIPS

Posted on by Admin in Forex Trades

The trade lasted about 10 days. That is roughly $3,500 per Standard Lot.

Something to think about though, is how you would manage the trade if you were over-leveraged. The candle highlighted in red was after the entry, and you’d see profits vanishing. What would you do?

If you were in still in the trade would you exit half the position where I closed it in full? Everyone is in a unique situation and we must have some sort of trade plan.

We started with a weekly view so moving up a stop loss based on a much lower time frame probably doesn’t make much sense in general.

CAD/JPY – Long Trade +90 pips

Posted on by Admin in Forex Trades

I do not trade this pair often. It was all about the chart.

For novice traders – What does 90 pips mean?

If you go to Google to find the pip value for a Standard Lot of currency, you’ll see that a pip is worth just over 9 dollars for this pair.

So that would be $810. In how long?

Notice that the entry and exit are marked on the chart. Each candle is 4 hours so we can easily figure out roughly how long the trade lasted.