Traders, hope everything is going well on your end…
I believe that the best piece of advice a trader could get is this:
Stop trading just for the sake of trading.
You need to trade the ones that have the most profit potential, the ones that have the clearest swings, the ones where you can easily identify support & resistance levels, those are the trades that are really worth it.
Those are the type of trades that makes the difference between a trader that is still struggling to get results and a trader that is on its way to consistency.
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…
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?
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:
How is your trading going lately?
You know what is what I like most about the Forex market?
There are plenty of currency pairs and most of the time, you’ll find a few good opportunities.
And if you have been following me for a while, you know that the key to get good results on any market is how you choose the instruments to trade.
You could be using the best entry system in the world, but you are trading the wrong currency pairs, the market will move against you.
On the other hand, if you have an average entry system, if you are trading the right currency pairs, sooner or later, the market will move on your favor.
That’s the reason I think you should spend at least 80% of your time analyzing and choosing the best currency pairs to trade and only 20% actually looking for your signals.
Remember that: 80% analyzing, and 20% actually trading.
Hey trader, how is your trading going so far this week?
I’ve seen the market started to move in a few currency pairs, in some others the market has been pretty slow.
So I guess it’s all about choosing the right currency pairs to trade.
That’s the reason I encourage you to look and analyze a wide variety of currency pairs, or instruments. If for some reason you dont feel comfortable with any pair, you can always trade gold for instance, or oil, or indices or high volume stocks, etc.
But please, make sure you only trade the ones that have a clear market condition… the ones that you feel comfortable with, the ones that have clear S&R levels and clear swings.
If you focus on those, sooner or later, results will come. You just need to be patient and trade when the odds are in your favor.
That’s it, that’s what trading is all about: choosing the right instruments to trade, and trade them at the right time.
What do you say?
Ok, lets get to some charts…
The EURUSD has been trading in a very clear bearish condition, that means that it is likely to continue its way down…
Hey trader, how is the market behaving lately?
Its been quite slow hasn’t it? In most currency pairs it has been ranging and most of the time, in a not well defined range, making it very difficult to trade.
Take a look at the EURUSD, its been like that, its been ranging since the last week of January, with only one major quick move (fundamentally driven by the way)… but other than that, its been slow, not well defined, etc.
I wonder how traders that only trade the EURUSD are doing… probably not very well…
Hey traders, hope everything is going well.
As you already know, I’m writing a series of articles with details about my trading strategy…
Here are the links to the previous ones:
And this one is the fourth one…
But in order to understand what you are going to read today, you need to make sure to at least give the other articles a quick read ok?
I’ll wait… I promise this article is not going anywhere.