Tag: EURAUD

My Complete Trading Plan

Hey traders, hope everything is going well…

What do you think about the market in the last few week?

Sometimes it’s difficult to trade, but in the last few weeks that certainly hasn’t been the case.

A few currency pairs have very clear market condition, and at the end, those are the ones we need to focus on.

What do I mean by clear market condition?

  • Clear S&R levels
  • Clear Swings

When you’ve got both of them, you know what the market is likely to do in the following hours/days, and that of course helps us take better decisions.

So here is my trading plan for a few of the currency pairs I’m actually monitoring.

AUDNZD, EURAUD, GBPAUD, trading plan

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3 rules to beat todays market (possible trade in the EURAUD)

difficult markets

Hey traders, its been a while since the last time I wrote an article, I apologize for that, but I took off most of the last week!!! (because of Easter, hope you had a happy Easter by the way).

Ok, now back to the markets…

If you have been following the markets in the last few months, you know that it has been difficult to trade because of the wild swings we have seen lately…

Still, there are a few things that you can do right now, to take advantage of the current market conditions:

EURAUD, forex

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One little trick to help you choose what currency pairs to trade

Fibonacci

Hey traders how is everything? How is your trading going so far this week?

I want you to tell me something… How do you decide what currency pairs are you going to trade each day?

Do you do some kind of analysis before you start trading? Or you just pick randomly the currency pairs? Or word yet… you trade the same currency pair(s) every single day no matter what?

Think about that question… because I believe that the answer to that question could have a very large impact on your trading.

Think about it…

  • What if you traded only the currency pairs that have the clearest market conditions each day?
  • What if you only went long when the market was more likely to move up, or short when it was more likely to go down?
  • What if you were able to stay away from the currency pairs that are more likely to whipsaw?

Well… you can.

You just need to do your own analysis. And I’m going to show you how I do mine.

EURAUD, forex

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No BS Trading (Make your trading make sense)

No BS Trading

Hey trader, hope everything is going well with your trading and every other aspect of your life!

Have you thought about a magic formula that will help you trade with consistent results? Or a system? Or an indicator?

I know I have (a few years ago)…

And as much as I’d like to believe that there is a magic formula, indicator or system, the truth is that there isnt one! There never has been one, and there will never be one.

As simple as that.

So please, stop thinking about it…

It’s about time to think about trading as something real. Something that will help you achieve not only your professional goals (because that’s only a means to an end), but your personal goals: spending more time with your family, doing the stuff that you really enjoy, etc.

EURAUD, forex, no bs trading

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Patience will pay (and GBPUSD trade update)

Hope you are going well…

Sometimes I think the name of the game of trading is patience…

You need to be patient on everything: Wait for the market to trigger your order, wait for the right signal, hold your trade for longer, and so on and so forth.

Here are a few examples where patience is playing a critical part on my trading:

EURAUD Analysis

The EURAUD its trading at an important level… Here is my long term chart:

EURAUD Long term charts

As you can see, it’s trading near a

EURAUD, GBPUSD, signal

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My two favorite currency pairs to trade today

Tomorrow and friday are going to be very busy days (fundamentally speaking), we’ve got 3 of the most important news announcements:

On Thursday we’ve got the interest rate announcement form the GBP and EUR, along with each bank speech.

And on Friday the most important of them all: The non-farm payrolls report.

I have a question for you… do you still trade these fundamental announcements?

I don’t know if there are any pure fundamental traders left (news trading) out there. Not because it wasn’t a good way to trade the market, but because the market doesn’t reach to news announcements as it did a few years ago.

Now it is almost impossible to trade them… the straddle technique doesn’t work anymore, slippage is a big problem now (and no broker can guarantee 0 slippage), etc.

Anyway… here are my two favorite currency pairs…

AUDJPY, EURAUD, forex

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