(FxPM) Forex Price Movement: Trade of the Day

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Today, our technical difficulties continued and we were unable to obtain our session’s recording. Fortunately, we’re able to provide traders a trade from November 8th, 2011 where Senior Trader Josh Wilson takes a trade consisting of two fills on the EUR/USD currency pair as the price comes down to a black PMD in the 15-Minute time-frame of 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. On one fill, he is able to take +10 PIPS, and on the remaining fill, he targets another black PMD in the 1-Minute time-frame, and once the price hits, he exits with +18 PIPS. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Armando Martinez takes a trade on the GBP/USD currency pair while keeping a close eye on both the EUR/USD and the AUD/USD currency pairs. On this active position, he looks at a black PMD in the 5-Minute time frame on the FxPM™ Matrix as a steady support level and with minimized risk, he explains why taking a buy-position where he did is likely to bring him some PIPS. He then goes into a bit of detail about how getting familiar with the matrix and seeing different strategy-formations before and while they are occurring can take some time, but is worth the patience. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Senior Trader Josh Wilson explains two of the trade formations that we look for when trading with on the FxPM Platform: the Power-V Formation and the Follow-the-Leader Formation. The former is presented in an example with the AUD/USD currency pair, while the latter is done so with an example concerning the EUR/JPY currency pair. In each, traders should take note to pay particular attention to PMDs in ALL time-frames. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez goes into detail about being very careful with JPY-based currency pairs, especially as of late. Historically, it has proven to be a tricky currency that can turn around in an instant, and while it can provide quite the opportunity for profits, getting stuck on the wrong side of it without a stop-loss set can be disastrous. Armando then dives into why his preference lies in the EUR/USD currency pair and how the most important thing, above all else, is proper trade and risk management. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez takes a trade on the EUR/USD currency pair. The position he takes is an active one and immediately after entering, he sets a stop-loss at a PMD in the 4-Hour time frame of the FxPM Matrix to allow a maximum possible loss of -5 PIPS. He stays in the position for approximately ten minutes before the price meets a black PMD in the 5-Minute time frame that Armando sees as a resistance level. Instead of being greedy to see whether the price will break through, he stays true to the scalper’s mentality and takes his PIPS when he sees them. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez takes an active position on the GBP/USD currency pair. He takes particular notice of PMDs in the 1-Minute and 5-Minute time frame on the FxPM Matrix. In the 1-Minute time frame, he points out that there is quite a bit of separation between PMDs, indicating that momentum favors the direction of his long position. In the 5-Minute time frame, the PMDs indicate a level of support at which he finds an ideal level to place a stop-loss. He adjusts it quickly, however, to a level at which there is a pink PMD in the 1-Minute time frame, as this level allows a -7 PIP stop-loss rather than a -20 PIP stop-loss. After some time, Armando finds himself up quite a bit and brings his stop-loss to breakeven, thereby eliminating risk. Once he sees that the gap between PMDs has condensed, he feels comfortable taking +10 PIPS on the trade! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez goes into some detail about the FxPM software and what traders should look for when getting familiar with the matrices. Particularly, he points at the PMDs in the 1-Minute, 5-Minute, and 15-Minute time frames of the EUR/USD FxPM Matrix and certain formations that provide more probable opportunities to take pips for traders for all currency pairs. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Senior Trader Josh Wilson talks about a trade he had taken earlier on the EUR/USD currency pair. He points particularly toward PMDs in the 1-Minute time frame of the FxPM Matrix that are switching direction for not only the EUR/USD, but also other USD-based currency pairs. It’s important to take note of currency correlations when gauging opportunities to take PIPS. Once Josh has taken note of the PMDs, he feels it necessary to set a stop-loss at breakeven in case the price loses momentum and comes back down past his entry. Josh then reminds trader to always keep the risk-reward ratio in mind when taking trades, as it is better to be capitalizing on opportunities that provide favorable percentages. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez takes a trade on the AUD/USD currency pair. The position itself is an active one, and Armando takes particular notice of PMDs in the 1-Minute time frame of the FxPM™ Matrix as they come closer together, indicating a shift in momentum. He takes the long position and immediately sets a stop-loss to allow for a maximum possible loss of -7 PIPS. Once he sees enough pips to feel comfortable with it, he adjusts his stop-loss to breakeven, thus eliminating all risk on the trade! Shortly thereafter, he exits the position with +11 PIPS of profit! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez takes a short position on the EUR/USD currency pair as its price approaches a black PMD in the 1-Minute time frame of the FxPM Matrix. He anticipates that the level will hold as resistance and takes a short position with a tight stop-loss if in case the price breaks out in an unfavorable direction. Once he sees some positive PIPS from the trade, he waits for the price to approach the low for the day, then exits with +17 PIPS of profit! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez takes a trade on the GBP/USD currency pair late in the London Session. He explains why he chose to go short on the GBP/USD rather than the EUR/USD, pointing out that price position relative to the PMDs on the FxPM Matrix is important to consider. In the end, after about 14 minutes in the trade, he exits his position with +4 PIPS of profit, explaining that once PMDs in the 1-Minute time frame have come closer together and shifted direction, it is better to take PIPS when you have them because of the increased chance of a reversal. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, we experienced some technical difficulties and weren’t able to obtain the recording for the session. However, we were lucky enough to find a post that traders can truly benefit from October 24th, 2011! During that session, Chief Trader Armando Martinez was able to take an advanced trade on the EUR/JPY. He saw that the PMDs in the 1-Minute time frame of the FxPM Matrix were closing the distance between them, and expected for the price to start moving in the opposite direction. Taking an active trade consisting of two lots, he set his stops and let the position ride for some time, and sure enough, he was 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 generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando MArtinezx takes an active position on the AUD/USD currency pair shortly after PMDs in the 1-Minute time frame of the FxPM Matrix have come together and flipped direction. Armando doesn’t stay in the trade long, but makes sure to set a tight stop-loss, adjusting it to break-even as the price heads in his favor. After about 2 minutes, he exits the trade with +7 PIPS of profit! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, We experiences some technical difficulties and were unable to obtain a recording for the day’s trades. However, we were able to look back into the archives and provide a trade from December 7th, 2011 that traders can truly benefit from! In this trade, Senior 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. Seeing this level as resistance, 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 generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez takes a trade on the EUR/USD currency pair as its price approaches a level in the 1-Minute time frame of the FxPM Matrix where blue and pink PMDs are converging. He takes a long position here, anticipating the level will hold as support, and immediately protects himself with a -7 PIP stop-loss. Shortly thereafter, he adjusts his stop to breakeven, thus eliminating risk on the trade. He exits the trade with +7 PIPS of profit once the price meets resistance at a PIP-ONACCI Wall in the 1-Minute time frame. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez reminds traders that it is much more advisable for novice traders to trade one currency, and that as traders gain more experience, they’ll be better suited to trade multiple currency pairs. He then analyzes a position on the GBP/USD currency pair on a Follow the Leader Trade-Setup. He takes an active position, pointing out key areas of resistance on his short position. Once he sees that he has made a bit more than double what he was willing to risk on the trade, he exits the position with +7 PIPS of profit! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez takes an active trade on the EUR/JPY currency pair shortly after PMDs in the 1-Minute time frame of the FxPM Matrix have converged and flipped direction. He takes two fills, anticipating that the same PMDs will hold as support, but sets a tight stop-loss nonetheless. After some time, he exits his first position with +8 PIPS of profit, and eliminates risk on the trade immediately by adjusting the stop-loss to breakeven. Shortly thereafter, he takes another +12 PIPS on the remaining position, for a net +20 PIPS of profit! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Chief Trader Armando Martinez provides traders with a valuable lesson: Don’t chase trades. Chasing trades is inadvisable because traders are looking for home-runs of big profits while the probabilities of such market behavior aren’t favorable. With a scalper’s mentality, and equipped with tight stop-losses, it is much better to wait for the market to settle and understand the cycles that replay themselves so that we can take advantage of them. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.