Hey traders! How is your trading going? Have you noticed something different with the markets?
It’s obvious that the market conditions change from time to time (we cant expect the markets to trade in the same way for ever), and it looks like in the last couple of months, the conditions have changed…
Is it good or bad for us?
It could be both…
If you keep trading in the same way, it will be bad for you… But if you adapt, then it could be very good for you.
As always, we cant expect the market to adapt to our system/strategy, that’s our job, we need to adapt to the market conditions.
This isn’t something new…
The market conditions changed from time to time. I don’t know if you have been trading long enough, but a few years ago, the market conditions were a little different…
To give you one example…
7 or 8 years ago, the market could move 100 or more in just a few seconds after an important announcement…
Back then, it made sense to trade based on those fundamental releases… I remember traders that only traded 2 or 3 years a month, and only for a few hours each time…
Because back then, them market conditions allowed us to do so…
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:
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.
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.
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:
In this session we look for trade opportunities and analyze a few of the clearest currency pairs to trade right now.
Hey traders, I hope everything is going well!
Last Sunday I did an Ironman 70.3 … and let me tell you, it was one of the most unique experiences I’ve ever had in my life.
Just take a look at this picture:
How satisfied do I look?
For those of you that don’t know, an Ironman 70.3 is a: 1.9km swim + 90kms Bike + 21.2kms run, one after the other.
I completed it in 6:46 hrs (more than expected, but based on the circumstances, I guess it was alright).
I have mixed feelings about it, I physically suffered like no other day in my life (that I can recall), but I also was very satisfied when I crossed the line.
So here is how it went.
Are you planning to trade the NFP tomorrow?
Well, you are at the right article… because I’m going to show you exactly what you need to do with your trading during the NFP report…
If you intend to trade the NFP for a quick gain
This is also true for any other fundamental release… If you keep trying to get a quick gain here and there during any fundamental release… your trading career will end pretty soon.
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?
Alright, it’s not like I’m going to stop trading for ever, it’s just for the rest of the week.
If you were thinking about taking some days off your trading, this one would be the perfect week to do it.
And here is why: