(FxPM) Forex Price Movement: Trade of the Day

There were some technical difficulties today and unfortunately, we are unable to provide you with a trade from today’s recording. Below, however, we have a trade from October 20th where Armando is able to take in +30 PIPS of profit! This video actually consists of two trades, one on the EURUSD currency and another on the GBPUSD currency. Armando cautions that simultaneous trades on multiple currencies are not recommended for novice traders, as they require a keen sense of attention and awareness. Both are advanced active positions, as Armando uses the PMDs in the 1M timeframes of both FxPM Matrices to gauge an entry position and PMDs in the 5M timeframes to estimate an ideal level to take profits. 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 Trade Armando Martinez takes a trade on the EURUSD currency as it approaches big-figure. In this advanced active trade, he also keeps a careful eye on PMDs in the 1M time-frame on the FxPM Matrix as the distance between them closes. Taking long positions, he takes two fills on this trade, and takes a loss of about half a pip on the first. Armando then watches and waits with his second fill, and his patience pays off, as he is able to take +7 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.

In today’s trade of the day, Chief Trader Armando Martinez waits for price action from the EURUSD currency in anticipation of a short passive position. Unfortunately, he overestimates the price movement and the currency falls short in reaching the ideal level that Armando had anticipated before retracing. Instead of getting down, he reminds traders that it is better to be out of a trade, wishing you were in rather than in a trade, wishing you were out. 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 the price moves into the first Sell-Zone on the FxPM Matrix. He takes two short fills on the near-passive trade, and is able to net +16 PIPS within a matter of 3 minutes. On the first fill, he is able to take +5 PIPS and after moving his stop-loss to breakeven, he takes +11 PIPS of profit of the remaining one. 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 passive trade on the EURUSD currency as the price moves into the first and second Sell-Zones on the FxPM Matrix. On this trade, he takes two lots and he is very quick to take his profits on his first fill, before setting a stop-loss at breakeven, because the price is moving so fast. It is fortunate that he does set that stop-loss on this over-under trade, as he ends up breaking even on his remaining fill. He nets +8 PIPS 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.

Today, Chief Trader Armando Martinez takes a passive trade on the EURUSD currency as it approaches big figure. Certified Trader Josh Wilson announces the trade as the price comes down into the first Buy Zone on the FxPM Matrix. On this long position, the price is moving quite fast, and not long after taking an entry position, Armando sets his stop-loss, then adjusts it to break-even. He decides it is better to take his points than stay in during rapid price action and have the price move against him and is able to net +6 PIPS of profit 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.

Today, Chief Trader Armando Martinez and the guys weren’t able to take any trades due to slow activity and an inopportune market. Instead, we have a trade from the 20th of October. Here, Armando takes an active trade on the EURUSD currency. He keeps a careful eye on 1M PMDs on the FxPM Matrix and anticipates a price reversal because of the closing distance between them. Once the price moves, he isn’t in the trade for longer than 2 minutes and takes 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.

Today, Chief Trader Armando Martinez takes a trade on the EURJPY Currency. The trade is an active trade, and accordingly, Armando keeps an eye on PMDs in the 1M timeframe on the FxPM™ Matrix while eying a price reversal for a potential refuel trade. He sets a stop-loss so as to minimize his risk in case the price runs against him, and ends up staying in the trade for 25 minutes! In the end, he limits out of this trade with +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.

Today, Chief Trader Armando Martinez takes an active position on the EURUSD currency. On this appetizer entry, he watches the PMDs in the 1M time frame on the FxPM Matrix and times his entry point carefully as the price hits the black PMD. Off this and the direction of the other PMDs in the time frame, Armando anticipates a retracement. He sets a stop-loss to minimize risk on the long position, then takes +9 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 active position on the EUR/USD currency. Watching the PMDs in both the 1M and 5M timeframes of the FxPM Matrix carefully, he is able to gauge a feel for the market and anticipate a retracement. He watches as the PMDs come closer together, and adjusts his stops accordingly in this advanced trade. This opportunity allows him to earn a profit of +9 PIPS in just about 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 a trade on the EUR/USD Currency. Having paid careful attention to PMDs in both the 1M and 5M timeframes of the FxPM™ Matrix and price correlation in the AUD/USD Currency, Armando anticipates movement upward and takes an active long position. In just over a minute, he makes +11 PIPS 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.

Today, Chief Trader Armando Martinez takes a practice trade during the announcement of Non-farm Payroll Numbers. Armando cautions traders that during volatile markets, it's safer to just stay out of your live account and trade through your demo because of the amount of price action taking place. During these times, the market can prove to be even more unpredictable than usual. In this trade, Armando takes an active position on the EUR/USD currency. He trades 2 fills on the currency, and waits patiently before exiting his first position with +1 PIP and his remaining positions with +14 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 long position on the EUR/USD currency, keeping a careful eye on PMD’s in the 1M, 5M, 15M, and 1H Time Frames on the FxPM™ Matrix. He makes sure to place a stop-loss of -7 PIPS so as to minimize risk on the trade. Armando stays in this active trade for more than 20 minutes, and his patience pays off with a profit of +12 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.

Today, Chief Trader Armando Martinez takes an active trade on the GBP/USD currency. Armando takes a long position on the currency as the price approaches big-figure. Once he is in the trade, he makes sure to set his stop-loss. Watching PMDs across all Time Frames on the FxPM Matrix, he gauges an appropriate target level at which to exit the trade. Once the price reaches that level, Armando is 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.

Today, Certified Trader Josh Wilson trades the GBP/USD currency during the announcement of NIESR GDP Estimate Numbers for the month. Here, he takes a passive position on the currency as it approaches a PIP-ONACCI Wall at the 22 level in the second Sell Zone of the FxPM Matrix. He loads up with 4 lots, then closes half his position for +6 PIPS each, leaving the other two fills to run. He closes the first of those two fills for +8 PIPS and the remainder for +15 PIPS, netting +35 PIPS altogether in a matter of only two 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 provides a valuable lesson for all traders, especially during volatile markets such as the one we experienced today during the ECB Press Conference. Armando compares trading to playing sports, particularly playing football. In both, everyone admits that there is a certain appeal to playing offense and “scoring points,” but in order to be successful and “win,” a good defense is essential. Without protecting himself, a trader may occasionally score a lot of points, but more often than not, the opposing team (in this case, the market) will outscore his offense. Traders that don’t set stop-losses lose points more often, and though they may score the occasional “touchdown” when a market is running, more often that not, they are on the losing side of those trades. Learn how to consistently profit in the Forex market by identifying precise entries and exits with the FXPM Software and ForexSuccessfulTraders Online Training School.

Today, Chief Trader Armando Martinez takes long positions on two different currencies, the EUR/JPY currency and the GBP/USD currency. Both positions taken are similar active positions, though on the latter, he takes two fills. He watches PMDs in the 1M Time Frames on both the FxPM Matrices as they get closer together and from this, he’s able to anticipate a move upward in the prices of these currencies. He takes +10 PIPS altogether on the EUR/JPY and +13 on the GBP/USD for a total of +23 PIPS! Learn how to consistently profit in the Forex market by identifying precise entries and exits with the FXPM Software and ForexSuccessfulTraders Online Training School.

Today, Chief Trader Armando Martinez takes a long position on the GBP/USD currency. On this active position, Armando takes careful notice of PMDs in the 1M Time Frame of the FxPM Matrix as they close together. He takes his position near big-figure, then watches as the PMDs close and flip direction, indicating a price retracement. When this happens, he feels comfortable exiting his position with the +11 PIPS he’s earned! Learn how to consistently profit in the Forex market by identifying precise entries and exits with the FXPM Software and ForexSuccessfulTraders Online Training School.

Today, Senior Trader Josh Wilson takes a near-passive trade on the AUD/USD currency. He gauges an entry around a pink PMD in the 15M Time Frame of the FxPM Matrix, which the price uses as support. He isn’t in this long position for more than two minutes, and once he moves his stop to breakeven, he finds an ideal price-level to take his +10 points of profit! Learn how to consistently profit in the Forex market by identifying precise entries and exits with the FXPM Software and ForexSuccessfulTraders Online Training School.