(FxPM) Forex Price Movement: Trade of the Day

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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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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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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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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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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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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Today, Certified Trader Josh Wilson takes a short position on the EURUSD currency after the price moves quickly into the second sell-zone on the FxPM Matrix, and is able to capitalize with a profit of 37 pips! As it is a day where non-farm payroll numbers were released, the market was moving rapidly. Josh is careful in placing his stops, as during days such as this one, a position can easily reverse itself and the trader can find himself down huge. He also takes a trade on the USDCHF and after carefully placing his stops, he breaks-even on the trade. 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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Today, Chief Trader Armando Martinez takes a long position on the EURUSD currency. He adjusts his stops carefully, moving them up from -9, to +1, while also setting a take-profit along the area of the first sell-zone on the FxPM Matrix of about +31 pips. Once the price rises above them, he uses the blue PMD’s in the one-minte and five-minute columns as support and is able to capitalize on his active entry by gaining a profit of about 22 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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Today, Chief Trader Armando Martinez plays it safe in a very slow-moving market. He takes an active short position on the USDCHF, expecting for the price to rise, as a pink PMD in the 1M column on the FxPM Matrix indicate. After a bit of fluctuation for a few minutes, the price returns to his entry position, and Armando chooses to let this one go. As price-scalpers, it’s better not to chase a trade when already in an open 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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Today, Certified Trader Josh Wilson takes a near-passive trade on the EURUSD currency. Josh is able to capitalize from a Power-V setup, anticipating a retracement once the price hit the first Sell Zone of the FxPM Matrix. He takes two fills, one at the 52 level, and another at the 56. Once the price drops to the 49 level, he’s able to make 7 pips in profit off one fill and he let’s the other one ride. 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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Today, Chief trader describes a potential position on the GBPUSD currency. We had some technical difficulties today, as we lost power and the recording for the day was lost. This video, however, breaks down an entry that traders can really benefit from. He explains the Power-V setup that results from the V-like direction of the PMD’s on the FxPM Matrix and how exactly he could’ve anticipated it. He explains that the trade could’ve made him about 40 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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Today, Ceritified Trader Josh Wilson takes a trade on the EUR/USD currency. The market today was very volatile, especially during the time this trade was taking place. Josh points out that there is an important speech occurring and that the market was bound to react, so he places his stops carefully, keeping them at break-even. He waits for the price to drop into the first sell-zone on the the FxPM Matrix and takes it at big figure. Although there’s a slight retracement, Josh is stopped-out. Thankfully, he sets his stops before the price drops. 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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