Its been a while since the last time we had a word ha?
By the way… I really appreciate your emails, Its good to know that quite a few people read and use my analysis to take trade decisions… So I’ve got a surprise for you… they are back!!!
So how is it going? How is your trading going in the last couple of months?
Please let me know in the comment section.
I’m USD Bullish
If you have been following me for a while you know I’m a pure technician…
It’s been a while since the last update… how is your trading going?
From all trading techniques, systems, technical indicators, mathematical formulas, trading tools avilable for traders, etc … there is just one little trick that will help you get results…
And that is:
LEARN TO ADAPT TO THE MARKET CONDITIONS
If its ranging, trade inside the range, if its trending, go woth the trend, if you have no idea of what the market is doing… just forget about that instrument!
That’s it! You are good to go!
Watch todays analysis ans see how we adapt to the market conditions.
Here are the currency pairs I think have the most profit potential today…
Let me know if you have any question!
Hey traders, some of my students have a very specific goal in 2016: Trade Full time…
See how they are doing in this video plus a few signals and trade opportunities for the rest of the week:
Please comment if you have any question.
Here is the video of todays trading & analysis session.
There are plenty of opportunities right now…
Hey Traders, hope eveything is going well…
Here is todays complete analysis, including 3 short term signals + updates to the trades we took yesterday.
Share your thoughts.
Hey traders! How is your trading going? Have you noticed something different with the markets?
It’s obvious that the market conditions change from time to time (we cant expect the markets to trade in the same way for ever), and it looks like in the last couple of months, the conditions have changed…
Is it good or bad for us?
It could be both…
If you keep trading in the same way, it will be bad for you… But if you adapt, then it could be very good for you.
As always, we cant expect the market to adapt to our system/strategy, that’s our job, we need to adapt to the market conditions.
This isn’t something new…
The market conditions changed from time to time. I don’t know if you have been trading long enough, but a few years ago, the market conditions were a little different…
To give you one example…
7 or 8 years ago, the market could move 100 or more in just a few seconds after an important announcement…
Back then, it made sense to trade based on those fundamental releases… I remember traders that only traded 2 or 3 years a month, and only for a few hours each time…
Because back then, them market conditions allowed us to do so…
Hey traders… how is it going?
There are two possible things that we need to analyze when testing one system:
- Accuracy of the system
- The risk reward ratio
A lot of traders “try” to focus on the accuracy of the system. I get a bunch of emails asking me about how many times my system is right, etc.
But let me tell you one little secret traders… We have no control over the accuracy of the system, its given data.
As much as we dont like that statement… its true.
Hey traders! How is everything?
You know every morning I scan the markets and look for the currencies that have:
- Clear swings
- Clear S&R levels
- And a good profit potential
One of them is the EURCAD…
Here is my analysis…
EURCAD Long Term Analysis
The first thing that you should do is look at the daily or weekly chart and see if it is more likely to move up or down.
In this case, its clear that it is likely to continue its way down, see it for yourself:
Traders, hope everything is going well on your end…
I believe that the best piece of advice a trader could get is this:
Stop trading just for the sake of trading.
You need to trade the ones that have the most profit potential, the ones that have the clearest swings, the ones where you can easily identify support & resistance levels, those are the trades that are really worth it.
Those are the type of trades that makes the difference between a trader that is still struggling to get results and a trader that is on its way to consistency.
You don’t have to spend countless hours doing your analysis, just a few minutes (even seconds) is enough to determine whether its worth it to trade any instrument or not.
So please do yourself a favor, and stop trading the same currency pairs every day… find the ones you feel most comfortable with…
Does it makes sense?
Let me know your thought about this…
Anyway, I’ll feel definitely comfortable trading any of these currencies: