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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.

email

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.

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.

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…

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:

The Survival of the Fittest (and a possible 10% of return trade)

fittest

“The Survival of the fittest” is a phrase that originated from an evolutionary theory as way of describing the mechanism of natural selection (wikipedia).

But it can also be applied to other contexts, “fit” refers to “best adapted to the current environment”.

I believe that it can also be applies to the markets.

A trader that gets positive results is a trader that adapts to the current market condition. There is just no other way to get consistent results.

The market is always changing, each currency pairs is always changing, today any instrument might behave differently from how it behaved yesterday and different to the way it will behave tomorrow.

So its always about trying to adapt to the way the market is trading right now, it doesn’t matter how it traded yesterday… its all about today.

Here is a good example.

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.

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.