(FxPM) Forex Price Movement: Trade of the Day

Trade of the Day: September 16th, 2011

Today, Certified Trader Josh Wilson takes an over-under trade on the EURUSD currency. He waits for the price to get down to big-figure, which happened to be in first Buy-Zone on the FxPM Matrix, then takes a long position. After strategically maneuvering his entries and stops, he is able to anticipate a retracement and break-even on two fills, while making seven pips on another! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School. http://www.forexsuccessfultraders.co...3-20-45-PM.png

Happy Trading,
-The FxST Team

Trade of the Day: September 19th, 2011

Today, Chief Trader Armando Martinez takes a losing trade on the EURUSD currency for -4 pips. However, he explains that there is a lesson to be learned from his loss, as most traders have a tendency to get greedy and either stay in a trade too long, or take another immediate entry against their better judgement. One of the key advantages of the FxPM software is that it helps traders in identifying the most ideal price level to take an entry! Armando explains that profitable traders are profitable because of the fact that they know how to accept their losses, and they trade with a defensive strategy while taking mostly passive positions. 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 20th, 2011

Today, Certified Trader Matt Miller takes a trade on the EURUSD currency as it is entering the first Buy Zone on the FxPm Matrix. He takes a long position here and is able to use PIP-ONACCI Walls in the 1M, 5M, and 15M time-intervals as support in trying to anticipate a retracement. Once the price bounces, he is able to make 7 PIPS on one position and is stopped out at break-even on another. 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 21st, 2011

Today, Chief Trader Armando Martinez takes two trades on the EURUSD currency as it enters the first and second Sell-Zones on the FxPM Matrix. He mistimes his first entry, but smartly sets his stop-loss tightly and only loses -3 pips. That initial loss is offset by a profit of +10 pips on an entry that immediately follows. Armando then explains how sometimes, a loss can be offset by a better entry setup. 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 22nd, 2011

Today, Certified Trader Matt Miller takes a net +44 pips on the GBPUSD currency! Matt first takes a short position on the currency as the price is entering the first Sell-Zone on the FxPM Matrix. Mistiming this first passive entry, he is stopped-out and loses -12 pips, but is able to get back in and takes three more fills. He takes +6 pips immediately after the price drops, then lets his other two positions ride. Taking note of the 1M time interval on the matrix, he is able to target the 76-level as support and takes +20 pips on one fill, and +30 on the remaining. 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 23rd, 2011

Today, Certified Trader Josh Wilson talks about caution in the Friday market and how it is important to be patient with entries during fast markets. Josh talks about how vital it is to be a defensive trader and how examining the FxPM Matrix Alert System can help identify areas within passive zones that are more ideal for taking entry positions. Specifically, he points to the EURUSD currency and identifies an example of an area that is deeper within the first Sell-Zone, as opposed to a price level around just the beginning of the first Sell-Zone. 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 26th, 2011

Today, Certified Trader Matt Miller takes two passive positions on the EURUSD currency. He is able to anticipate movement into the first Sell Zone on the FxPM Matrix using both the price patterns in the GBPUSD currency and black PMDs in each of the 1M and 15M time-frames as resistance levels. He breaks-even on the first and after carefully placing his stops, he takes +12 pips on the second! 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 27th, 2011

Today, we experienced some technical difficulties as a power outage caused us to lose our recording for the morning. Instead, we have a video of a trade from the 15th of September, when there was major price action in the market. Here, Certified Trader Josh Wilson cautiously takes three fills on the EURUSD as it is climbing into the 4th Sell-Zone on the FxPM Matrix and he is able to make a net +17 pips. He makes sure to set his stops carefully, as there is very fast price movement, thus managing his risk successfully. 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 28th, 2011

Today, Chief Trader Armando Martinez examines an entry position on the EURUSD currency. Though the price is moving into the first Sell-Zone on the FxPM™ Matrix, he explains that he is a little hesitant in taking a position because of the fact that the price had already met big-figure earlier in the session. He explains that in that particular case it’d be more likely that the market would break through that price level and be more 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: September 29th, 2011

Today, Chief Trader Armando Martinez takes a trade on the GBPUSD currency, unknowingly during a news-event where the Swiss National Bank announced that they will be backing their portfolios with more of the British Pound. Armando wisely sets his stop at break-even, and stops out before the price shoots up another thirty points, eventually meeting the day’s high-point. Under normal circumstances, Armando may have taken another entry, and he talks about why it is better to stay out of a market moving so rapidly, taking specific note of price correlation between the GBPUSD and the GBPJPY. 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 30th, 2011

Today, Chief Trader Armando Martinez takes an active trade on the EURUSD currency. He takes a long position and anticipates that a retracement in the price will be triggered at a Fibonacci level in the 1M column on the FxPM™ Matrix, so he sets a take-profit at the 57 level. Once he is limited out, he earns a profit of +20 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: October 3rd, 2011

Today, Chief Trader Armando Martinez takes a trade on both the EURUSD currency and the GBPUSD currency. he uses the PMDs on the FxPM Matrix to anticipate each currency’s sense of direction and takes a long position on one, while taking a short position on another. As only advanced traders should do, he takes multiple active positions on both these currencies and is able to take 25 points altogether. 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: October 4th, 2011

Today, Chief Trader Armando Martinez gauges the market during Chairman Bernanke’s speech. He cautions traders about over-reactions in the market, and stays out himself, preferring to participate on his demo account instead. Here, he takes a long position on the EURUSD, taking three fills. He breaks even on two of them and lets the remaining position ride before finally taking +30 points of profit! 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: October 5th, 2011

Today, Chief Trader Armando Martinez takes an active trade on the EURUSD currency and is able to net +43 points! He uses the PMDs on the FxPM Matrix to gauge the direction of the market and takes six fills on his long position. He sets a 7-point stop, then closes three fills for a total of +9 points between the three, and adjusts the stop to break-even once he is up 7 points on the trade. He then takes +10, +14, and +10 respectively on his last three. 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: October 6th, 2011

Today, Certified Trader Josh Wilson takes 2 trades on the AUDUSD during a fast moving market. On a day filled with speeches and news, Josh preached caution while taking these trades, and he places his stop-losses carefully to avoid major price action going the wrong way. He takes his first trade, which consists of 2 fills, as the price enters the first Buy-Zone on the FxPM™ Matrix, and he is able to make a net +5 PIPS. Almost immediately afterward, Josh takes another entry and is able to make +10 off 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: October 7th, 2011

Today, Certified Trader Josh Wilson stays out of the market and advocates caution in the market as Non-Farm Payroll numbers were announced, driving USD based currency prices way up. He takes 2 trades on the AUDUSD currency while the market is settling and is able to use PMD’s in both 1M and 5M columns on the FxPM Matrix to anticipate a retracement after the currency found its high of the day. Once it enters the the first Buy-Zone, he takes a passive trade and is able to net +16 points on both trades. 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: October 11th, 2011

Today, Chief Trader Armando Martinez takes an active trade on the GBPUSD currency. Armando sees the distance between the PMDs in the 1M time-frame on the FxPM Matrix getting smaller and takes a long position expecting price action upwards. In this advanced trade, he uses a black PMD in the same time-frame as a resistance level to take profits and is able to earn +10 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: October 12th, 2011

Today, Chief Trader Armando Martinez takes a trade on the GBPUSD currency. On this active trade, he takes a short position on the currency, watching EURUSD and AUDUSD closely for correlation. Once he gets a gauge on the direction the price is headed, he brings his stop-loss even closer to break-even to eliminate the risk on the trade, and is then able to take +11 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: October 13th, 2011

Today, Chief Trader Armando Martinez takes an active trade on the EURUSD currency during a slow market. He sees PMDs in the 1M time-frame on the FxPM Matrix coming together and is able to anticipate a reversal in the price. He takes 2 fills and while paying close attention to other time-frames shown, he sets his stops accordingly and is able to let a position ride for a whole 25 minutes before taking +22 net pips of profit! 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: October 14th, 2011

Today, Chief Trader Armando Martinez takes two long trades, one on the EURUSD currency, and another on the AUDUSD currency. Both are active positions, and as Armando’s preferred choice of trading is scalping, he is able to take a quick +16 pips on the EURUSD. The AUDUSD trade doesn’t take long to work in his favor, and as soon as he sees enough profit, he moves his stop-loss to break-even and lets the trade run for upwards of an hour! When all is done, he is able to collect +85 pips on this trade, and +101 altogether. 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