forex analysis | ProTradingNow

Here is how I see the market today

Written by Raul Lopez. Posted in Trades & Analysis.

riviera

You might ask where does that picture come from?

Well, I spent the weekend over the Riviera Maya for the inauguration of the Hard Rock Riviera Hotel and had a terrific time, it included a Bon Jovi concert so you could imagine what a time I had…

So now I’m relaxed and ready to look for those trade opportunities :)

Did you do something different over the weekend? Please comment…

Ok, back to the markets now…

Looking for low risk trade opportunities

One of our main goals as traders is to find not only good trade opportunities, but those that have the lowest risk.

AUDNZD, forex analysis

The best trade opportunities for the rest of the week

Written by Raul Lopez. Posted in Trades & Analysis.

candlesticks

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

I’ve got to admit that the market has been difficult to trade in the last couple of weeks… mostly because most of the currency pairs have been trading in a very tight range.

And not in a well defined range (those that are easy to trade) but in a range without clear S&R level, no clear swings, etc.

That’s the reason I’ve been very cautious about the market, and havent placed too many trades in the last few weeks.

Plus, the out-of-date NFP report released yesterday, the “invisible” announcement that hit the market a few hours ago (did you know what happened there by the way?)…

Ufff…

It’s funny though… because some of the currency pairs that I wasnt watching at the beginning of the week are the ones where I’m currently looking for trade opportunities…

AUDCHF, EURUSD, forex analysis, nzdusd

A few things to watch for in the next few days

Written by Raul Lopez. Posted in Trades & Analysis.

How is your trading so far?

Have you noticed that the market has been a little slower than usual?

At least the majors have been trading in a very tight range (well… most of them at least).

Do you agree with me?

So here are a few things you need to take in consideration for the rest of the week.

AUDNZD, EURAUD, forex, forex analysis

This is how I analyze the market (step by step)

Written by Raul Lopez. Posted in Trades & Analysis.

As most if you already know, I like to start off my analysis using the long term charts looking for cues about what each currency is likely to do. Here is how I do it.

I do my analysis based on the market swings, so I first try to identify these swing in the long term charts.

Here is a good example:

Step by Step Forex Analysis

forex analysis, GBPAUD Analysis

Wait, don’t open your trade

Written by Raul Lopez. Posted in Articles & Education.

Seriously, I want you to stop for moment and think about the currency pair you are about to trade.

If you are taking your trade off the short term charts, take a look at a higher timeframe and ask yourself:

forex analysis, market condition

Analyzing the forex market: Going back to the basics

Written by Raul Lopez. Posted in Articles & Education.

Your charts look like this one?

C’mon, give the market a break! It’s not like the more lines you put on your charts, the more consistent you will get!

With all these lines and indicators it’s almost impossible to determine what the market is likely to do, I mean, I even had to put on my glasses on to see the candlesticks!

forex analysis, support and resistance

Tag: forex analysis

Here is how I see the market today

The best trade opportunities for the rest of the week

A few things to watch for in the next few days

This is how I analyze the market (step by step)

Wait, don’t open your trade

Analyzing the forex market: Going back to the basics

Your charts look like this one?

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