ProTradingNow
StraightForex

Here is how to get 900 pips in the following days

Pareto in trading

How is your trading going lately?

You know what is what I like most about the Forex market?

Diversity.

There are plenty of currency pairs and most of the time, you’ll find a few good opportunities.

And if you have been following me for a while, you know that the key to get good results on any market is how you choose the instruments to trade.

You could be using the best entry system in the world, but you are trading the wrong currency pairs, the market will move against you.

On the other hand, if you have an average entry system, if you are trading the right currency pairs, sooner or later, the market will move on your favor.

That’s the reason I think you should spend at least 80% of your time analyzing and choosing the best currency pairs to trade and only 20% actually looking for your signals.

Remember that: 80% analyzing, and 20% actually trading.

What doing an Ironman taught me about trading

Hey traders, I hope everything is going well!

Last Sunday I did an Ironman 70.3 … and let me tell you, it was one of the most unique experiences I’ve ever had in my life.

Just take a look at this picture:

line

How satisfied do I look?

For those of you that don’t know, an Ironman 70.3 is a: 1.9km swim + 90kms Bike + 21.2kms run, one after the other.

I completed it in 6:46 hrs (more than expected, but based on the circumstances, I guess it was alright).

I have mixed feelings about it, I physically suffered like no other day in my life (that I can recall), but I also was very satisfied when I crossed the line.

So here is how it went.

Here are a few trade ideas

Pound Dollar

Hey trader, how is your trading going so far this week?

I’ve seen the market started to move in a few currency pairs, in some others the market has been pretty slow.

So I guess it’s all about choosing the right currency pairs to trade.

That’s the reason I encourage you to look and analyze a wide variety of currency pairs, or instruments. If for some reason you dont feel comfortable with any pair, you can always trade gold for instance, or oil, or indices or high volume stocks, etc.

But please, make sure you only trade the ones that have a clear market condition… the ones that you feel comfortable with, the ones that have clear S&R levels and clear swings.

If you focus on those, sooner or later, results will come. You just need to be patient and trade when the odds are in your favor.

That’s it, that’s what trading is all about: choosing the right instruments to trade, and trade them at the right time.

What do you say?

Ok, lets get to some charts…

EURUSD Analysis

The EURUSD has been trading in a very clear bearish condition, that means that it is likely to continue its way down…

Here is how to trade the Non-farm Payrolls report (NFP)

Non farm Payrolls report

Hey trader!

Are you planning to trade the NFP tomorrow?

Well, you are at the right article… because I’m going to show you exactly what you need to do with your trading during the NFP report…

If you intend to trade the NFP for a quick gain

This is also true for any other fundamental release… If you keep trying to get a quick gain here and there during any fundamental release… your trading career will end pretty soon.

EURGBP and GBPJPY Trade Ideas

Brokers to Avoid

Hey trader, how is the market behaving lately?

Its been quite slow hasn’t it? In most currency pairs it has been ranging and most of the time, in a not well defined range, making it very difficult to trade.

Take a look at the EURUSD, its been like that, its been ranging since the last week of January, with only one major quick move (fundamentally driven by the way)… but other than that, its been slow, not well defined, etc.

I wonder how traders that only trade the EURUSD are doing… probably not very well…

This one is the best currency pair to trade today

Forex Market Analysis

Hey trader, hope everything is going well…

I have a question for you, have you had a chance to look at my previous articles? If you haven’t, please take some time to take a look at them…

They will save you money and a lot of time! They’ll help you understand how the market how the market works, how to choose the right instruments to trade, how to take advantage of them, etc.

Here are the links:

Important aspects of my strategy
Market Dynamics: How the market moves
When to go Long and When to go Short
How to find profitable Breakout Signals
How to take retracement signals

I’ve been looking at charts for more than 12 years, I’ve tried everything… What you see on those articles, is exactly what I think works best to get results.

What I like the most about it, is that you can even combine it with your own strategy…

Ok, lets go through some charts now!

When to take retracement/pullback signals

Trade Entry

This would be the 5th article of my strategy, if you haven had a chance to read them, please do, you’ll get a much deeper understanding about what you are about to learn.

Here are the links:

Important aspects of my strategy
Market Dynamics: How the market moves
When to go Long and When to go Short
How to find profitable Breakout Signals

You’ll learn so much from those articles that will change the way you see and trade the market, so please make sure to give them a quick read.

What is Retracement/pullback signal?

I’m sure you have heard traders say something like:

I’ll wait for a pullback, then I’ll trade it!

Well, a retracement or pullback trade happens when the market breaks through an important range or level, then it comes back to “test” that level again (or the breakout).

The market goes like this:

retest

It breaks through an important level, then it comes back to test that level again… if the market breaks that level back, it would be a false breakout, and the market will trade again inside the range.

But if the market gets rejected from that level, it will confirm the breakout and it could give us a retracement signal.

Now, let me ask you this question:

Are you supposed to take every retracement signal?

How to find profitable Breakout Signals

Brokers to Avoid

Hey traders, hope everything is going well.

As you already know, I’m writing a series of articles with details about my trading strategy…

Here are the links to the previous ones:

Important aspects of my strategy
Market Dynamics: How the market moves
When to go Long and When to go Short

And this one is the fourth one…

But in order to understand what you are going to read today, you need to make sure to at least give the other articles a quick read ok?

I’ll wait… I promise this article is not going anywhere.

When to go long & when to go short

Entry Signal

A few days ago I told you I am going to share my strategy with you, and I’m in the process… I started with this article, and then I wrote this one.

I have received a few emails asking my about the entry rules that I use… but don’t get impatient, I’ll get there… in fact, my next article about the strategy I think will be about my entry rules…

(If I don’t think about something else)

So we’ll get there… I just think that its very important for you understand a few things about the market and about the methodology before we actually go over it!

But I promise you something, by the time we get to the entries, you’ll have more answers than questions.

Sounds good?

Market Condition

What I’m going to write about today, answers one simple but probably the most important question about trading:

Here is how to trade the EURUSD (and others) right now

euro

Hey trader, hope everything is going well!!!

How is your trading going so far this week?

By the way, did you take the GBPAUD signal that I sent you on Tuesday?

I’ve been following the GBPAUD in the last weeks and in my last article, I published a signal:

Stop entry: 1.9692, SL 1.9635 and TP 2.0190

Did you take it?

If you did, you have almost 300 pips on your favor, you need to hold it a bit longer so it reaches our TP order, which is around 200 pips from where the market is currently trading at.

200 pips might seem like a lot, but its not the case in the GBPAUD, it could move a few hundred pips in just a few hours, so you got to be patient ok?