Tag: forex

It’s about time to start looking for trades in Gold (XAUUSD)

gold

How is everything traders?

Did you take advantage of my article yesterday about GBPCAD new signals? Please let me know.

You know something, we shouldn’t mind about the instruments we are trading…

There are only three things that we should consider when adding new instruments to your list:

  • It should have a lot of volume
  • It should have a clear market condition
  • And a good profit potential

And you are good to go!

Just don’t adventure and trade exotic currency pairs or instruments alright? Make sure you are trading high volume instruments.

I think we need to keep adding instruments, you just need to make sure you get to know them before you actually taking those trades.

What kind of instruments should we consider adding:

analysis, forex, Gold, trading, XAUUSD

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My complete trading plan for the GBPCAD

forex analysis

Hey traders, hope you had a good start this week…

I’ve been getting a few emails from traders wanting me to update my trading plan for the GBPCAD…

I’m glad plenty of trader were able to take advantage of the GBPCAD…

This is exactly what we got to do every day, look for the best instruments to trade, and focus on them…

Right now we have more possibilities on the GBPCAD, let me show you…

forex, GBPCAD, signals, trading plan

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Adding to the GBPCAD trade and other signal in the GBPAUD

Forex Market Analysis

Hey traders, How was your weekend? hope you enjoyed it… did you do something different? Or just relaxed for a few days?

I took some time to relax, because next weekend I’m going to need some spare energy…

Anyway, how was yours?

As every monday, I like to see what are the most important fundamentals of the week… But you know, this week we don’t have a lot of fundamental releases…

Which is good and bad at the same time.

Its bad because sometimes we need this type of volatility to get the market moving faster…

But its good because it will move entirely based on the sentiment of the market.

Regardless of the fundamentals… What we need to do every single day (which is by the way the most important aspect of trading) is to focus in the currency pairs that have both:

  • The clearest market conditions
  • And the most profit potential

Focus on those two things day in day out, and you’ll be on your way to consistent results.

By the way, here is one of the currency pairs that I feel most comfortable trading with.

forex, GBPAUD, GBPCAD, signal, trade

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2 Signals – short term and swing trades

Trade Entry

Hey traders, how is it going?

How is your trading week so far?

There is only one day to go, so we need to open a few trades here an there to take advantage of the market.

I have a few possibilities for you, let me know what you think alright?

GBPCAD Long Signal

The GBPCAD is one of the currency pairs that move the most, so when ever you get a signal in the GBPCAD, make sure to take it.

Sometimes you’ll need to use large SL orders, but the risk is well worth it, because it moves pretty fast…

The GBPCAD is trading in a very clear bullish condition, so we should be looking for long opportunities.

Here is what the GBPCAD short term charts looks like:

forex, GBPCAD, nzdusd, signal

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18% of return in just one trade?

euro

Looks like Greece finally agreed to the Euro terms… and that’s a good thing traders, I wouldn’t like to see what kind of volatility we’d get if Greece was to move out from the currency…

You know what though… I think it will happen, not right now, but in a year or two, I think they will have to let Greece out of it…

Its been years like this, and somehow they manage to get into trouble over and over again… Maybe next time the other Euro countries wouldn’t be able to deal with it, and they’ll have to let them go…

I’m just speculating here. What do you think?

Anyway, here is a good possibility for you.

forex, GBPCAD, signal, trading

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Another signal in a fast moving currency pair

candlesticks

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

What currency pairs are you monitoring/trading?

I dont know about you, but in the last few months I’ve been focusing mostly on crosses. For some reason, the majors haven’t been trading in clear S&R levels…

And that’s something that makes me think twice before getting into a trade. If we don’t have clear S&R levels, then we cant understand what the market is doing, and what it is likely to do.

Just take a look at most majors, open up the long term charts, there are no clear swings, no clear levels…

Now, take a look at some crosses and you’ll get exactly the opposite, clear swings, clear S&R levels, etc.

So, if you have been getting bad results lately, maybe its about time to look at the crosses now.

At the end traders, I believe that what we need to do day in and day out, is to focus in the instruments that have the clearest market conditions… that’s it!

Forget about everything else and try to trade every day only the currency pairs that have clear S&R levels, clear swings, and at the end the probabilities will do its job.

Anyway, here is one of those currency pairs that I believe is trading in a very clear market condition.

forex, GBPJPY, signal, trading

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Signal in the fastest moving currency pair

Brokers to Avoid

Hey traders, whats going on? How is your trading so far this week?

Mine has been slow… not a lot of trades… just a few short term trades here and there, but most currency pairs have been trading in a very very very very tight range…

And if you are the type of trader that only trade one or two currency pair… I guess you had a long weekend???

Or if you only trade the EURUSD? It has been painfully slow these last few weeks hasn’t it???

That’s one of the reason I always recommend instead of trading one currency pair, to analyze a few of them, and focus on the ones that have the clearest market conditions…

It makes more sense to me.

Anyway… Here is a good trade possibility.

forex, GBPNZD, signal

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EURJPY Signal (look at the risk reward ratio on this trade)

buy sell forex

Hey traders, hope everything is well so far this week.

We dont have a ton of fundamental releases this week… some traders say that’s a good thing, and some other traders dont like the idea (they like more volatility).

From my point of view… I like it, because the market makes clearer moves, yes, sometimes it doesn’t move that much… but those moves are driven by the sentiment of the market… not by the lure of fundamental trading…

Whats your take about it?

Ok, now lets get to some charts…

EURJPY Signal

If this trade hits my take profit order, it will be the trade with the largest TP order ever in my life…

EURJPY, forex, signal

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The best currency pairs to trade right now (including entry orders)

Trade Entry

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

Here is what I think are the best trade opportunities for today.

Remember, its always about choosing the right currency pairs to trade, get this right and you’ll have 80% of the job done.

So how do you know you are trading the right currency pairs?

  • You have clear support and resistance level on both, the long and the short term charts
  • You have clear swings

With that information, you’ll understand what the market is doing, you will know what it is likely to do and you can create a trading plan to take advantage of it.

So here we go:

forex, signals, trading

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yen

The best strategy ever: Pyramid in – Increasing your trading size

Hey traders, how are those trades?

Later today we’ve got the FOMC minutes, which probably is the most important fundamental announcement from them all…

Yes, even more important than the Non-farm Payrolls report.

So we are going to see some movement, that’s for sure, but the type of movements that we are going to see aren’t tradable… and you know that.

So its a good idea to just watch the market and see how it behaves, close your trades, take out all your orders and relax!

forex, pyramid, strategies

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