[FxST] Consistent-Profits & Emotion-Free Trading System

Trade of the Day: August, 08th 2011

Today, Certified Trader Matt Miller takes a passive trade on the EURUSD after the price falls into the first buy zone on the FxPM matrix. He is able to anticipate a retracement using several indicators on the FxPM Platform including similar price movement patterns in the GBPUSD price currency, a PIP-ONACCI Level at the 31 level, and PMD’S on the 1 minute and 5 minute time frames. Timing the movement perfectly, he is able to take a quick ten pip return. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Trade of the Day: June 08, 2011

Today, Certified Trader Matt Miller takes a passive trade on the GBPUSD currency pair after the price falls into the first buy zone on the FxPM matrix. He takes multiple fills, one at the 36 level and another at a the 29 level. After breaking even and taking a small loss on two of his positions, he is able to make ten pips once there is a price retracement into the high 30's. He's able to anticipate the retracement using several indicators on the FxPM Platform including similar price correlation in the AUDUSD currency pair. He also uses a PIP-ONACCI Level at the 29 level to find support in the price movement. Watching the movement carefully, he is able to earn a ten pip return. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August, 10th 2011

Today, Chief Trader Armando Martinez takes several trades on the EURUSD Currency pair as it continues its decent into the FxPM Matrix. Armando is able to “Chip-Away” on the currency by identifying key areas of support shown in the Matrix. Armando is able to scalp 5-10 Pips at several different levels, as the value retraces before heading lower. These precise entry indicators enable the user to scalp the Market like a Pro. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-FxST Team

Trade of the Day: August 11, 2011

Today, Chief Trader Armando Martinez takes a short position trade on the EURUSD after the Currency pair runs into resistance at the 80 Level after hitting the 3rd Sell Zone on the FxPM Matrix. Armando is able to use the Matrix indicators to identify this resistance level and takes 19 points. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 12, 2011

Today, Chief Trader Armando Martinez explains one of his trading strategies- The Appetizer Entry. To explain Armando takes a Trade on the EURUSD in anticipation of a Follow The Leader Trade Set-UP, Armando shows in real time how patience in waiting for the retracement towards the 5 minute PMD can make all the difference in turning a possible -5 Stop-Out into a 12 point gain. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Trade of the Day: August, 15th 2011

Today, Chief Trader Armando Martinez takes an active position on the GBPUSD currency and is able to make a quick 8 pips. Armando uses the PMDs in all time frames of the FxPM matrix to recognize that the price is headed into an upward trend. When the price comes down to the 40s level, he exploits it by anticipating an upward retracement. Adjusting his stops accordingly, he’s able to get in and get out quickly. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August, 16th 2011

Today, Chief Trader Armando Martinez explains how a Follow The Leader Trend on the GBPUSD currency could quickly lead to an Appetizer Entry if a trader is observant enough to recognize the opportunity when it arises. He explains that when using the PMDs on the FxPM matrix, this sort of simple position can lead to quick pips and is a better alternative to chasing a trend that may occur in an indefinite amount of time. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 17th, 2011

Today, Trader Matt Miller takes multiple positions on the EURUSD currency and is able to capitalize and make a quick profit. Once the price drops into the B1 Zone on the FxPM matrix, Matt is able to recognize a PIP-ONACCI Wall acting as support, allowing for a retracement. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 18th, 2011

Today, Chief Trader Armando Martinez capitalizes on an opportunity to take an Appetizer Entry on the GBPUSD currency. He is quick to identify a Follow The Leader Trend using the PMDs on the FxPM matrix and anticipates a retracement back to big figure after the price rises quickly to the 17 level. Using this strategy, he is able to earn 17 pips in a matter of a few minutes, thereby surpassing his daily quota. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 19th, 2011

Today, Chief Trader Armando Martinez explains two passive positions that he took earlier in the London Session on the EURUSD currency. Both positions are within minutes of each other and he offsets a loss on his first position with a 7 point gain on the second. On the first, he takes a short position and anticipates a breakout, but the price hovers above his entry level and he ends up taking a four point loss. There is indeed a breakout that occurs afterward and Armando recognizes an ideal entry position in the second Sell-Zone of the the FxPM matrix with PMDs and a PIP-ONACCI Wall. In this short position, he is able to offset his loss and still comes out with a net positive result! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 22nd, 2011

Today, Chief Trader Armando Martinez examines a potential active entry position on the GBPUSD currency. Armando warns that during slow market days such as this one, where there is no significant price action occuring, scalpers must be careful when watching for a potential retracement because often times, there isn't the ideal "bounce" of the price. Instead, there is a hovering effect where the price gradually and very slowly breaks through the PIP-ONACCI Wall on the FxPM Matrix without any significant opportunity to close entries and take points. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 23rd, 2011

Today, Chief Trader Armando Martinez takes a passive trade on the EURUSD currency. He is able to identify an ideal support level on the FxPM Matrix and uses it to time a retracement perfectly. Once the price bounces, as he anticipated, he is able to make a very quick 7 pips. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 24th, 2011

Today, Chief Trader Armando Martinez takes an active trade on the GBPUSD currency and is able to gain 14 pips! He is able to accurately predict that if the price reaches the day’s established low, there may be a quick opportunity to gain points due to the PMDs on the FxPM matrix indicating a fast retracement. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 25th, 2011

Today, Chief Trader Armando Martinez takes advantage of price action on the EURUSD currency. After the currency breaks lows for the day, Armando is able to anticipate a retracement at a low 70′s level, recognizing that he can use a PIP-ONACCI Wall on the FxPM Matrix at the mid-60′s level as support to place his stop. After the price bounces, Armando capitalizes and is able to take a quick 8 points. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 26th, 2011

Today, Chief Trader Armando Martinez talks about why traders should be careful in trading in a volatile market. Today, there was major price action triggered by Chairman Bernanke’s speech. Armando warns that even in areas where technical tools point out great areas of support or resistance, a major news event can drive prices right through them. In this particular case, a PIP-ONACCI Wall at a high-90′s level for the EURUSD Currency would be great support on the FxPM Matrix, but Armando stays out, as price action is too unpredictable. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 29th, 2011

Today, Chief Trader Armando Martinez takes a near-passive trade on the EUR/USD currency. He sees that there is price action occurring, as the price is dropping rapidly towards the passive zone. Timing the trade carefully, he is able to take a long position near the first Buy Zone on the FxPM Matrix, where several PMD’s also act as a level of support. Once there is a retracement, Armando capitalizes and takes an easy 15 points. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 30th, 2011

Today, Chief Trader Armando Martinez takes a passive position on the EURUSD currency after CPI numbers had been released for the month. He see’s that there is a Power V setup, but because of the underwhelming numbers, Armando is careful when taking his long position and is able to anticipate that the price may keep falling below the 13 level, where there are black PMD’s on the FxPM Matrix. Instead he times a retracement at the 6 level in the first Buy Zone, takes an entry there, and is able to earn 8 points. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: August 31st, 2011

Today, Certified Trader Josh Wilson talks about a potential passive entry position on the EURJPY currency during a speech by President Obama. He stays out due to the volatility in markets during such speeches, but points out a potential trade when price action is occuring and the price drops into the first Buy Zone on the FxPM Matrix. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

Trade of the Day: September 1st, 2011

Today, Certified Trader Armando Martinez shows an opportunity for an active position on the EURUSD currency. After the ISM Numbers were announced for the month, the EURUSD price reached new lows for the day. Because of unpredictability in the market, Armando suggested that traders stay out of the market. However, had Armando actually been participating in the market during the announcement, he’d have been careful in taking his entries and setting his stops. In this case, Armando was anticipating a retracement. He would have taken his entry at the 35 level, and watched the price level bounce back. Once the price started to rise up again, he’d have adjusted his stops respectively from -10, to break-even, to +11, and thus been able to make 11 pips on the position. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School.

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Happy Trading,
-The FxST Team

2011 Global Financial Crisis completely transformed the Forex Market. Traders that do not adapt to the new reality and the “New Rules” will perish. Here’s how to prepare for success…

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The global financial world as we know it, significantly changed over the last 24-months. The old rules of Forex trading strategies are simply failing to hold true.

Why the Rules of Forex changed?

 

1. Global Financial Crisis
2. Bankruptcy of Lehman Brothers
3. Dodd Frank Act & New Regulations
4. Surge in Precious Metals
5. Raising US Debt Ceiling
6. IMF expects China to overtake USA economy by 2016

For example, we have seen Traditional “Commodity Currency Correlations” inverse. Typically, when Gold prices increased the Australian Dollar strengthened. However over the last month this hallmark correlation failed – traders that depended on this typical correlation were hammered emotionally and financially.

In the past the Forex markets were less complex and tended to trend in one direction, making it easier for Swing/Position traders to hold on to trades for days, weeks or months with relative success. Trading strategies and methodologies that have been profitable in the past no longer hold true as we continue through 2011and beyond.

With increasing volatility and the new rules of Forex that are emerging, traders are struggling more than ever to adapt to this market. Even those traders who are managing to stay profitable are now working harder for smaller returns, with increased anxiety and stress.

The NEW Foundational Skill That Every Trader Must Learn For Long Term Success.

Establishing a new foundation for trading strategies to deal with the New Rules of Forex is the biggest challenges for all traders of all levels.
The answer is simple.

Trading from Price Action allows all traders to focus on the leading indicators. Unfortunately the majority of traders still rely on Lagging indicators that often become obsolete in seconds or minutes. In other words many traders enter and exit the market with bad information, and start to lose confidence in their indicators and technical analysis.

Unlike the stock market where you can see volume, in the Forex market the only leading Indicator is Price Action. Market makers have been trading price action for over 20 years, but your average trader only see’s Price Action after it happens.

Why? Average traders use typical bar or candle stick charts, which are great for seeing Price Action after it happens.

The skill and foundation to trading the new rules of Forex require traders to see Price Action as it’s happening in real time.

Unfortunately, this is a skill reserved for the few gifted traders who have the ability to closely watch numerous currency pairs on at least 5 different time frames simultaneously.

So the question remains, “What can the average trader do to experience the same benefits as the Master Interbank Trader?”

Unlocking the Secrets of Price Action

The average trader can see Price Action easier with the aid of new tools in the Forex market such as multi-time frame grid software. Typically this type of software simply displays what would be seen on a 1, 5, 15 and 60 minute chart, all in a compact screen-monitor area. In other words, you do not need multiple monitors to be able to view all of these charts on different currency pairs.

Unfortunately, standard multi-time frame grid systems still are insufficient to provide an average trader an easy, simple and instant view into “The Flow” of market movements.

In an earlier post this week, Chief-Learning Officer, Erik Kampe provided a definition of exceptional traders using a basketball and jazz analogy. Specifically, in his article he identified “Court Sense” as a skill that any trader can learn and develop.

The first step in developing “Court Sense” as a trader is having the right tool for the right job. In this case, having a tool that can provide a view of Price Action as it’s happening in real time.

As many FxST readers already know, the FxPM Software was specifically designed to do just that – to be able to trade Price Action in real time.
Since the Phase-3 Beta Release I was able to validate what I always knew, by not spending so much time and energy to see market flow, any trader is able to take their trading to the next level of success.

When a trader allows a tool to do the heavy lifting, such as seeing market flow, it allows their attention to focus on the single most important thing about trading, identifying perfect entry and exit points.The FxPM tool provides precious extra decision making time for high probable successful trades.

One of FxPM’s Beta Testers, Professional Portfolio Manager, Andy Garcia was able to take advantage of instantly seeing market flow to adapt his old trading strategies to deal with the New Rules of Forex Trading for 2011 and beyond.

How to Remove Trading Risk in 2011

In this new trading environment, long term reliability has all but diminished, and a resurgence of interest in taking profits out of the market quickly (i.e Scalping)

Andy Garcia’s story highlights how any trader can adapt to the new market conditions in 2011.

Specifically, many traders like Andy started to avoid scalping as a Forex trading strategy because traditional ways of scalping Forex were cumbersome, and energy intensive. Furthermore, novice traders avoided scalping all together due to misconceptions and myths (i.e. higher capital requirements, high risk for small return).

The amazing story of Andy’s success will be the focus of this weeks FxPM Learning Series Webinar that will reveal how a long term position trader is using FxPM beyond scalping.

Join us for a FREE Webinar Wednesday, August 7th, 2011 at 7:00 PM EST exposing the Secrets of how a Professional Swing/Position trader has incorporated Price Action using the FxPM Software as a critical Cash Flow Strategy. Don’t let the New Rules of Forex destroy your business, Learn Exactly how to prepare for Success!

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