(FxPM) Forex Price Movement: Trade of the Day

Today, Chief Trader Armando Martinez takes an active trade on the GBP/USD Currency. He is able to gauge an immediate general market direction by keeping a close eye on PMDs in the 1M Time Frame of the FxPM Matrix as they meet each other and flip direction, signaling a price retracement. On his long position, he’s able to pull +10 PIPS of profit in just under 5 minutes! 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 entries on both the EUR/USD Currency and the AUD/USD Currency at the same time. Armando cautions that taking positions on multiple currencies simultaneously can be overwhelming and confusing, especially for novice traders and that it is not recommended. Both positions are very similar and he follows as the currencies are in parity. Both trades are advanced trades with active positions and he makes sure to protect himself immediately on both. He watches PMDs in the 1M, 5M, and 15M Time Frames to gauge a general direction of the market and ends up taking +7 PIPS on the EUR/USD and +8 PIPS on the the AUD/USD, all in less than 5 minutes! 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 avoided taking any trades in a slow market. He would like to remind traders that keeping out of the market is always a good thing, as it only means more of your account being conserved for a better opportunity! In the mean time, we have posted a trade from October 20th during a very active market, during which Armando took a whole plethora of trades. In the trade posted, Armando takes two passive positions on the EUR/USD as it approaches PIP-ONACCI Walls in the Second Buy Zone of the FxPM™ Matrix, and is able to take +15 PIPS of profit in less than 3 minutes altogether! 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 decided to stay out of the market as there weren’t many ideal opportunities to take trades. This time of year is notorious for being quite slow as the holidays approach and traders become more and more conservative in their trading to avoid shallowing out their accounts and to meet their annual quotas. We have, however, posted a trade from August 9th where the market was moving much more than that of today. In this particular active trade, Armando takes two fills on the GBP/USD currency as PMDs in the 1M Time-frame of the FxPM Matrix close in together and flip direction. After about two minutes, he exits his first fill for +11 PIPS of profit, then brings his stops closer before waiting for the price to meet a black PMD in the 1M Time-frame. He sees this level as a good level of support for the price and an ideal level to exit the position with +20 PIPS of profit, netting +31 PIPS of profit altogether! 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 passive trade on the AUD/USD Currency as it enters the first Sell Zone on the FxPM Matrix. Once entering this short position, Armando immediately sets his stop-loss to allow a loss of -5 PIPS at max. Once he sees that the price has run a little and that an opportunity to lock in some profits has taken place, he gets out of the trade with +6 PIPS of profit! He does not fret over the fact that the price keeps running and that he could’ve made even more points on the trade, pointing out that there are always opportunities to take points elsewhere. Points add up, and it is important not to get greedy! Learn how to consistently profit in the Forex market by identifying precise entries and exits with the FXPM Software and ForexSuccessfulTraders Online Training School.

In today’s Trade of the Day, our recording was started a little late, and unfortunately, only the second half of the trade is visible. Chief Trader Armando Martinez takes a long trade on the EUR/USD Currency and watches PMDs in the 1M Time Frame of the FxPM Matrix carefully so as to gauge a general sense of which way the market is going. By the time the recording has started, he has already set his stop-loss to breakeven as he is up +12 PIPS on the position. He waits about a minute longer before deciding that he is satisfied with his points and exits the trade with +14 PIPS 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.

It’s good to be back traders! We hope everyone had a happy holidays and trading went well during our Live Training Room’s absence. Today, Chief Trader Armando Martinez takes an active trade on the EUR/USD Currency, keeping a careful eye on PMDs in the 1M and 5M time frames of the FxPM Matrix. As they close together, Armando anticipates a retracement, and takes a long position. He stays in the trade for 26 minutes, but his waiting pays off as he is able to earn +26 PIPS 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.

Today, Chief Trader Armando Martinez takes a trade on the GBP/USD Currency. In this active trade, Armando takes careful consideration of PMDs in the 1M Time Frame. He stays in the trade for about 11 minutes, being sure to set a stop of -7 PIPS so as to minimize risk. He sees an ideal opportunity to take his profits on the trade when noticing that the PMDs in the 1M Time Frame are closing together and leaves his position with +7 PIPS 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.

Today, Chief Trader Armando Martinez plays his patience card during a slow market and shows traders why a light-volume market doesn’t always respond ideally to technicals, whether on the FxPM Matrix or any where else. He portrays his point through 5-Minute charts of both the EUR/USD and GBP/USD Currencies, pointing out that even as these currencies retrace, their retracements are very shallow and there isn’t an opportunity to take many PIPS, unless you are a breakout trader who was already holding his position for most of the session. 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, during the release of non-farm payroll numbers, we had some technical difficulties and the recording was unable to be procured. We do, however, have a trade from August 9th’s session, where Chief Trader Armando Martinez was able to take +19 PIPS on an active trade of the EUR/USD Currency. He takes two long positions, being limited out of the first with +4 PIPS, and gets back in as PMDs in the 1M time-frame of the FxPM start indicating a retracement. On that second position, he is able to net +15 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 rare trade on the USD/CHF Currency! Normally, he is one to avoid the currency as it proves time and time again to be particularly unpredictable, but Armando saw a passive trade set-up on the FxPM Matrix that he really liked and couldn’t pass up. He takes three long fills on the currency and doesn’t stay in any of those positions a long time. He gets out of his first position taking a small loss, but gains it back with +16 pips of profit on the next two for a net +13 PIPS in about a minute! 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, during a slow market in which there weren’t many ideal opportunities to take trades, Chief Trader Armando Martinez stayed out of his live account and took no trades. Instead, we have a snippet from January 9th, 2012 where Armando examines the market and uses chart patterns on the major USD based currencies to identify ideal entries. He also uses the correlation between currencies on the FxPM software to explain some of the trades that both he and Senior Trader Josh Wilson took for major PIPS during the day! 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 trade on the EUR/USD currency. On this active long position, Armando pays close attention to PMDs in the 1M and 5M timeframes of the FxPM Matrix. He stays in the position for about 2 minutes and decides to take his profits as the PMDs in the 5M timeframe flip and signal a retracement. In all, he is able to net +9 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 an active trade on the GBP/USD currency. He takes his trade as PMDs in the 1M timeframe come together, right before they flip directions. Once they DO flip direction, Armando stays in the trade, but not before protecting himself. He sets a tight stop-loss and a take-profit for +20 PIPS at an area where he sees a PIP-ONACCI Wall on the FxPM Matrix. After about 13 minutes in the trade, he limits out with +20 PIPS 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.

Today, Chief Trader Armando Martinez demonstrates one of the advantages that the FxPM Software allows traders. He specifically points to PMDs in the 1M timeframe as they come together, signaling a retracement on the GBP/USD Currency. That, in particular, is something few traders would see if only using charts. In a matter of 4 minutes, he’s able to take +13 PIPS on his active long position! 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, in observation of Dr. Martin Luther King Jr. Day, the Live Training Room was closed due to the banking holiday. We do, however, have a snippet from January 9th, 2012, where Chief Trader Armando Martinez goes into detail about opportunities that could be taken on the major USD based currencies on that day. Traders can apply his analysis to common trends seen in any day’s market. Armando also summarizes some of trades taken earlier in that session by both he and Senior Trader Josh Wilson, with specific detail on what each respective trader saw at their particular points of entry. 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 trade on the USD/CHF Currency-Pair. The position is an active one and he takes his short entry as the price meets a PMDs in the 5M, 15M, 1H, and 4H time-frames of the FxPM Matrix. Using the PMDs as a level of resistance, he stays in the trade for about 1.5 minutes before getting out with +5 PIPS 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.

Today, Chief Trader Armando Martinez takes a trade on the GBP/USD Currency Pair. He takes an active long position at a black PMD in the 1M Time Frame of the FxPMx Matrix and makes sure to set his stop-loss at -6 before adjusting it to breakeven after some time. Altogether, Armando stays in the trade for near 8 minutes before getting out with +10 PIPS 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.

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.