(FxPM) Forex Price Movement: Trade of the Day

Today, Chief Trader Armando Martinez examines a trade on the EURUSD currency as it enters the First Buy-Zone on the FxPM Matrix. Looking closely, he determines that the entry position that he would have taken was at the ’59 level where there is a PIP-ONACCI Wall in the 4H time-frame. Had he set a 7 point stop-loss, he would have taken his points at the ’69 level for +10 PIPS of profit. Traders in the Live Training Room were able to capitalize on this opportunity as well, and some were able to take even more points! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Chief Trader Armando Martinez takes two trades: one long position on the EURUSD and another short position on the GBPUSD consisting of two fills. Armando cautions novice traders that trading multiple currencies simultaneously is not recommended for novice traders. He starts off with an active trade on the GBPUSD and is able to take +22 PIPS of profit off both fills. Between this trade, however, he is also able to take another +6 PIPS on a passive EURUSD trade, where he maneuvers his stop-loss placement around PIP-ONACCI Walls in the 5M and 15M time-frames on the FxPM Matrix. Altogether, he nets +28 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.

Today, Chief Trader Armando Martinez takes multiple trades: one on the EURUSD currency and another on the GBPUSD currency. He cautions beforehand that taking entries on multiple currencies simultaneously can be troublesome for novice traders. Both positions he takes are active positions, and on both currencies, he uses a black PMD in the 5M time-frame on the FxPM Matrix as targets to take his profits and exit the position. On each position, he is able to take +15 PIPS of profit for +30 PIPS of profit altogether! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Chief Trader Armando Martinez takes a trade on the EURJPY currency as it is entering the first Buy-Zone on the FxPM Matrix. He uses PIP-ONACCI Walls in the 15M and 4H time-frames to identify an ideal entry position, then lets it ride with 3 lots. Once he is up on this passive trade, he locks in profits on two positions, only for the price to come back down and meet his stop-loss level on the remaining one. In the end, he is able to take a net +28 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.

Today, Chief Trader Armando Martinez takes an advanced trade on the EUR/JPY. He sees that the PMDs in the 1M time-frame on the FxPM Matrix are closing the distance between them, and he expects for the price to start moving in the opposite direction. Taking an active trade consisting of two lots, he sets his stops and lets his position ride, and sure enough, he is able to see and take points in a matter of 15 minutes! At the end of the trade, he earns a net +34 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.

Today, Chief Trader Armando Martinez trades the EUR/JPY currency. Taking an active position and paying particularly close attention to the PMDs in the 1M time-frame on the FxPM™ Matrix, he stays in the trade for approximately 12 minutes. Once they come closer together and switch direction, Armando decides he is comfortable with his profits and leaves the position with +12 PIPS! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School.

Today, Chief Trader Armando Martinez takes a trade on the EURUSD currency as it approaches big-figure in the first Buy-Zone on the FxPM Matrix. He gets into the trade quickly and is able to set a stop-loss of -7, providing him enough cushion in case the price drops a bit before retracing. When the price does come up, it comes up fast, and Armando is able to take +13 PIPS in a matter of less than 3 minutes! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Chief Trader Armando Martinez takes active positions on multiple currencies! He cautions traders that managing positions on multiple currencies can be tedious and confusing, especially for novice traders. As stock futures for the morning were very high, there was a strong signal that there would be a USD sell-off. Accordingly, Armando takes long entry positions on the EURUSD, GBPUSD, AUDUSD, and EURJPY currencies. He stays in these trades for a total of about 17 minutes and is able to take profit on each currency except the EURJPY, which took a little longer to get going. Though Armando wasn't able to capitalize on this currency, he takes profit on the other three which net +68 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.

Today, we’re using a trade from October 20th, where Chief Trader Armando Martinez was able to take +32 PIPS of profit on 2 currencies, the EURUSD and the GBPUSD. Both are similar active positions where Armando is able to place careful stops so as to avoid losses on a swing in the opposite direction. The prices then move in a favorable direction, as Armando was able to anticipate using PMDs in the 1M time-frame on the FxPM Matrix. Once he is satisfied with his points, he exits with +25 PIPS of profit on the EURUSD currency and +8 PIPS of profit on the GBPUSD currency! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Chief Trader Armando Martinez takes an advanced active trade on the GBPUSD currency. Initially, the price runs against his short position and comes awfully close to his stop-loss of -8 PIPS. Paying careful attention to PMDs in the 1M time-frame on the FxPM Matrix that are closing together, he takes one more fill. The price then reverses and Armando is able to take +4 PIPS on his first position, and +15 on the remainder! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Chief Trader Armando Martinez takes an active entry on the GBPUSD currency, taking careful consideration of PMDs in the 1M time-frame on the FxPM Matrix. These allow for him to gauge a general immediate direction of the price, and he is able to capitalize on his short position on the currency with 2 lots. He makes +7 PIPS of profit on his first fill and +10 PIPS on the remainder. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Chief Trader Armando Martinez takes an active trade on the EURUSD currency. On this advanced trade, Armando takes careful notice of PMDs in the 1M, 5M, and 15M time-frames on the FxPM Matrix to get a general gauge on which way the price is headed. He carefully sets his stop, and is able to take two fills. Once he sees the market hint toward a price reversal, he closes one position for +2 PIPS of profit, and the remaining for +12 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.

Today, Chief Trader Armando Martinez takes a trade after an announcement by the European Central Bank to cut interest rates by a quarter-percent! Armando cautions traders that during markets such as these, it is awfully risky to get involved in a trade because of such a high amount of volatility. In this sallivator trade, he waits for the price to come deep enough into the Buy-Zones on the FxPM Matrix, while also meeting a black PMD in the 5M time-frame. Once he takes his long position, the first thing he does is set an emergency stop because the market is moving so fast. Once his stop is set, the price has already moved so fast that he is satisfied with his points and leaves the trade with +12 PIPS of profits! In all, he was in the trade for literally 20 seconds! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today we had some technical difficulties, and unfortunately we are unable to provide you with a trade from today’s session where nonfarm payroll numbers were released due to the fact that our recording went out. However, we’ve posted a trade from October 20th, where Chief Trader Armando Martinez was able to take active entries on both the GBPUSD and EURJPY currencies. Both trades are advanced trades, as Armando takes careful notice of the distance between PMDs in the 1M timeframes of both FxPM matrices. Once he sees ideal opportunities to leave both trades, he is able to take +9 PIPS on the GBPUSD, and +11 PIPS on the EURJPY! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Chief Trader Armando Martinez takes an active trade on the GBPUSD currency. He takes a long entry, noticing that the price may use a black PMD in the 1H timeframe on the FxPM Matrix as support. Once he is in the trade, there is a quick price retracement and he is able to take a profit of 9 PIPS in a matter of one minute! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Certified Trader Josh Wilson takes a trade consisting of two fills on the EURUSD currency as the price is coming down to a black PMD in the 15M time-frame on the FxPm Matrix. The trade also happens to be a passive one, as Josh is able to take his entry point in the first Buy-Zone. The price immediately retraces, and Josh skillfully shifts his stops to break-even as to eliminate risk on the trade. One one fill, he is able to take +10 PIPS, and on the remaining fill, he targets another black PMD in the 1M time-frame, and once the price hits, he is able to take +18 PIPS. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Certified Trader Josh Wilson takes a trade on the EURUSD currency as it rises into a the first Sell-Zone on the FxPM Matrix. On this passive trade, Josh waits for the price to meet a PIP-ONACCI Wall in the 1M time-frame before taking an entry position consisting of 2 lots. The price hovers for a bit before retracing in Josh’s favor. He is able to take +8 PIPS on the first of his fills, then stops out to breakeven on his remaining fill. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Happy Veterans Day, traders! As the New York session was closed today due to the banking holiday, we kept the Live Training Room closed and unfortunately did not take any trades. There is, however, a trade posted from November 20th where Chief Trader Armando Martinez takes a near-passive trade on the EURUSD currency as its price comes very close to the first Buy-Zone on the FxPM Matrix. Here, he takes two lots and is able to capitalize by earning +6 PIPS of profit on his first fill. He then holds for about seven minutes before taking +14 PIPS of profit on his remaining fill. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.

Today, Chief Trader Armando martinez takes an active trade on the EURUSD currency! Keeping an eye on PMDs in the 1M time-frame on the FxPM Matrix, Armando takes a trade consisting of 2 fills, not too far apart. On the first, he is able to take +7 PIPS of profit. After moving his stop-loss to breakeven and setting a take-profit at 1.3637, he is limited out for a gain of +20 PIPS of profit on the remaining position. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.