Tag: market condition

Slow market? This is exactly how you need to trade it

In the last couple of days the market has been very very slow. If you try to find trend trades you are going to get burned…

The thing is, as always, you need to adapt to the market conditions.

The key is to find currency pairs (or any other instrument) with a clear range. Once you find it, pay special attention to the the market reacts at both extremes of the range.

Adapt, market condition, range

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Entry Signal

When to go long & when to go short

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…

bearish, bullish, market condition, trend of the market

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And this is how you adapt to the market condition

evolution

Once Charles Darwin wrote something like this:

“It is not the strongest or the most intelligent who will survive, but those who can best manage change”

And you know something, I believe the same is true for traders:

“Traders that can adapt faster to the market changes (condition) are the ones that get consistent and positive results”

Look, from my point of view, trading is about adapting your strategy to the market condition.

It’s about trying to understand what the market is doing and what it is likely to do.

Once you have that information, you’ll feel confident about your trading plan, because you know what the market is likely to do.

That’s one of the reasons I believe robots and automatic trading systems are NOT the way to go.

Adapt, forex, market condition

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More ranges…

Ahhh man, I thought that after the NFP announcement last Friday we were going to see more trading opportunities, but that’s not the case. Last week most pairs ranged, in the first two days of the week we have more ranges, just one opportunity: Short USDCAD (we wrote about this yesterday), but in the others… nothing for no one….

Trade opportunities:

USDCAD – Short

Trading at an important level:

EURUSD
USDCHF
USDJPY
EURGBP
GBPCHF
EURJPY

Not clear market condition:

GBPUSD
GBPJPY
NZDUSD

However, remember we got 6 pairs trading at important levels, as soon as they get out of the short term range, we’ll be trading them. Anyway, remember we are not supposed to trade every day, we are supposed to trade when we really have a good chance to win.

Trade Safe!

Raul Lopez

EURUSD Analysis, GBPJPY analysis, market condition, USDCAD Analysis, USDCHF analysis