[FxST] Consistent-Profits & Emotion-Free Trading System

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.

Today, during a slow market day, there weren’t many opportunities taken advantage of on our recording, but we DO have a snippet from September 16th, 2011 where Senior Trader Josh Wilson takes an over-under trade on the EUR/USD 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.

Today Chief Trader Armando Martinez goes into some detail about some of the mistakes that we as traders may make, especially when the market is breaking out. It is important to have a set of rules, and even more important to abide by them. These rules are what keep your trading grounded and they are the foundation that serve as a constant reminder of how you should be trading if you see negative results. Disciplined trading is a very important aspect of consistent profits so traders should remember to set tight stop-losses. Staying out of the market when there is a lot of movement isn’t a bad thing at all, and the more that traders keep that in mind, the more disciplined their trading will be! 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 AUD/USD Currency Pair. He times his entry using correlation between the AUD/USD and the GBP/USD Currency Pair, watching PMDs in all 5 time-frames of the FxPM Matrix. He is in this long position for under 8 minutes, and after setting his stops and eliminating all risk from the trade. He then waits patiently for the price to meet his target exit-level before getting out with +6 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 on the EUR/USD as the price continues on in a range-bound market. He takes a long active position off the low of the range, and sets a tight stop-loss in case of an unfavorable break-out, then sits back and watches. He isn’t in the trade longer than 5 minutes, and is able to see pretty immediate profits. He takes his +9 PIPS of profit when the price meets the pink PMD in the 1M Time Frame of 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.

Today, Chief Trader Armando Martinez takes a short position on the EUR/USD and uncharacteristically passes on several opportunities to take points in anticipation of the price driving itself even lower. He takes his entry after doing his homework on the EUR/USD and seeing that the high for the day is meeting PIP-ONACCI Walls that act as resistance levels in both the 4-Hour and 5-Minute Time Frames. He takes his short position and adjusts his stops and limits accordingly. His patience pays off, as the price breaks through the low of a range and provides his +51 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 long trade on the EUR/USD, explaining, thoroughly, some of the intricacies of the FxPM software. He watches PMDs in the 1M and 5M time frames, and times his entry based off a flip in direction of the PMDs in the 1M column. Once he’s in, he demonstrates the best way to protect oneself when in a trade. Armando first places his emergency stop-loss, then moves it up to allow a maximum -7 PIPS loss. Shortly after minimizing the risk on his trade, he exits with +6 PIPS and explains that this is just enough. Understanding that alone is one of the key factors behind his method of consistent profitability. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School.