Tag: signal

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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EURNZD Signal (320 pips)

Understanding Risk in Forex

Remember last week I told you this week was going to be interesting week? Well, at least it started that way!

There are a few currency pairs that are trading in very clear conditions… And you know what we need to do once we have a clear currency pair right?

Just find an excuse to go either short or long.

We just need to find the right currency pairs to trade. As I’ve said before, find the right pairs to trade, and you’ll have 80% of the job done!

Dont worry too much about your entry system, etc.

Anyway, today there are plenty of currency pairs trading in a clear market condition and one of them is the EURNZD.

EURNZD, forex, signal

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Two possible and quick short term trade ideas

Entry Signal

Hey traders, what are you up to?

I just wanted to ask you about the currency pairs are you currently trading?

There are days that is kind of difficult to find trade opportunities, on those days, we need to trade the least we can. Because our job is not to trade everyday, but to trade only when the odds are on our favor.

But today is different, there are plenty of opportunities out there, both, short term and medium term opportunities.

I’m going to focus only on the short term charts, but as you already know, the most important aspect of trading is how you choose the instruments you trade.

Get that right, and you’ll have 80% of the job done!

So I’ve already done my long term analysis on each one of the opportunities below, but in this article, I’m just going to focus in the short term charts.

analysis, AUDUSD, EURGBP, forex, signal

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This one is the best currency pair to trade today

Forex Market Analysis

Hey trader, hope everything is going well…

I have a question for you, have you had a chance to look at my previous articles? If you haven’t, please take some time to take a look at them…

They will save you money and a lot of time! They’ll help you understand how the market how the market works, how to choose the right instruments to trade, how to take advantage of them, etc.

Here are the links:

Important aspects of my strategy
Market Dynamics: How the market moves
When to go Long and When to go Short
How to find profitable Breakout Signals
How to take retracement signals

I’ve been looking at charts for more than 12 years, I’ve tried everything… What you see on those articles, is exactly what I think works best to get results.

What I like the most about it, is that you can even combine it with your own strategy…

Ok, lets go through some charts now!

AUDJPY, forex, signal

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Here is how to trade the EURUSD (and others) right now

euro

Hey trader, hope everything is going well!!!

How is your trading going so far this week?

By the way, did you take the GBPAUD signal that I sent you on Tuesday?

I’ve been following the GBPAUD in the last weeks and in my last article, I published a signal:

Stop entry: 1.9692, SL 1.9635 and TP 2.0190

Did you take it?

If you did, you have almost 300 pips on your favor, you need to hold it a bit longer so it reaches our TP order, which is around 200 pips from where the market is currently trading at.

200 pips might seem like a lot, but its not the case in the GBPAUD, it could move a few hundred pips in just a few hours, so you got to be patient ok?

CADJPY, EURUSD, forex, GBPAUD, signal, trading

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