(FxPM) Forex Price Movement: Trade of the Day

Today, we had some technical difficulties and were unable to obtain a recording of today’s trades. We were, however, able to obtain a trade from December 9th, 2012 that traders can truly benefit from! In this trade, Chief Trader Armando Martinez takes long positions on two different currencies, the EUR/JPY currency and the GBP/USD currency. He reminds novice traders that it is not advisable to trade multiple currency pairs simultaneously. Both positions taken are similar active positions, though on the latter, he takes two fills. He watches PMDs in the 1-Minute time frames on both the FxPM Matrices as they get closer together and from this, he is 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 generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, we had some technical difficulties and were unable to obtain a recording of today’s trades. We were, however, able to obtain a trade from November 8th, 2011 that traders can truly benefit from! In this trade, Senior Trader Josh Wilson takes a trade consisting of two fills on the EUR/USD currency pair as the price approaches a black PMD in the 15-Minute time frame on the FxPM Matrix. The trade is 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. Once the price hits, he is able to take +18 PIPS of profit, netting +28 PIPS altogether! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM and Forex Successful Online Training School. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, we had some technical difficulties and were unable to obtain a recording of today’s trades. We were, however, able to obtain a trade from November 14th, 2011 that traders can truly benefit from! In this trade, Chief Trader Armando Martinez takes an active trade on the EUR/USD currency-pair. Keeping an eye on PMDs in the 1-Minute 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 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 that nets him +9 PIPS of profit in less than two minutes, while explaining the mechanics of the FxPM software. He explains that when placing stop-losses, there is a default of -20 PIPS ready to be set so that traders can immediately limit the risk on their trade before the market moves against them. He explains that this “disaster stop” is what could’ve helped a trainee on our own floor who left their trade open overnight, only to find himself down -130 PIPS in the morning! 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 talks about his method for approaching the EUR/USD currency pair for a position. He points out PIP-ONACCI Walls that act as resistance levels in short-term and long-term time frames on the FxPM Matrix, and his anticipation of what would happen if the price approaches either. He notes that it is important for traders to adjust their strategies when trading on a Friday, as it is the end of the week and the market tends to be more irrational than on most days. He then goes into detail about what sort of retracement once might expect if the price meets the aforementioned levels. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, we had some technical difficulties and were unable to obtain a recording of today’s trades. We were, however, able to obtain a trade from October 13th, 2011 that traders can truly benefit from! Here, Chief Trader Armando Martinez takes an active trade on the EUR/USD currency-pair during a slow market. He sees PMDs in the 1-Minute time frame on the FxPM Matrix coming together and is able to anticipate a reversal in the price. He takes 2 fills and while paying close attention to other time frames, he sets his stops accordingly and is able to let a position ride for a whole 25 minutes before taking +22 net 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 position on the EUR/USD shortly after PMDs in the 1-Minute time frame of the FxPM Matrix have come together and flipped direction. He anticipates from this shift that momentum has shifted and takes an active, long position, immediately setting a tight stop-loss in case the price moves against him. Armando adjusts his stop-loss as the price moves favorably and within three minutes, he is out with +8 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 talks about the most basic trade-setup, using the AUD/USD currency pair as an example. The Follow The Leader Trade-Setup, he explains, is the foundation of anticipating market momentum. He goes into detail about the setup, which is characterized by PMDs in all time frames across the FxPM Matrix pointing towards the direction in which the price is moving. Armando then explains how recognition of the Follow The Leader Trade-Setup can help in recognizing other more advanced formations. 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 takes an active entry on the AUD/USD currency-pair at the ’60 level, anticipating that it will hold as resistance. He determines this entry based on a PIP-ONACCI Wall in the 5-Minute time frame and a pink PMD in the 15-Minute time frame here. He also takes notice of 1-Minute PMDs on the FxPM Matrix showing downward momentum. Josh isn’t in this short position for long, as it immediately heads in his favor. He sets his stop-loss to breakeven to eliminate risk on the trade, then quickly exits with +5.5 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, Senior Trader Josh Wilson preaches patience in the market, especially during a Friday in which the market is moving very slowly. Josh talks about how breaking a rule will routinely come back to kick you in the rear, as traders will often find that entering a position earlier than desired will lead to bad fills with the price meeting their stop-losses. Traders will find that had they had the patience, trades with losing results could have easily been ones with 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 buy position on EUR/USD currency pair anticipating the 1 minute PMD's to flip in his favor for a RE-FUEL trade set-up. Armando quickly puts in a tight stop-loss of -5. When the price reaches the 5 minute PMD's Chief trader Armando closes the position with +15 PIPS! 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 buy position on GBP/USD currency pair anticipating the 1 minute PMD’s to flip in his favor for a RE-FUEL trade set-up. Armando quickly puts in a tight stop-loss of -5. As the 5 minute PMD's started to move aggressively against the trade Armando closes the position with +9 PIPS! 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/USD currency-pair. He immediately protects himself, then goes into some detail about how the likelihood of success in a trade and trade-percentages aren’t always as straight-forward as some traders may think. Armando demonstrates this with the simple example of flipping a coin, which has a 50/50 chance of success. He then takes two of his fills for +12 PIPS of profit each, leaving a third fill to run after adjusting the stop-loss to break-even. Once he sees PMDs in the 1-Minute time frame coming apart, indicating a momentum shift against his position, Armando exits the third fill with +10 PIPS, netting +34 PIPS altogether! 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/USD currency-pair off of the 1minute PMD'S. Armando notices the 1 minute PMD'S slowing down and quickly takes +6 PIPS of profit based on his rules using the 1 minute PMD'S. 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 AUD/USD currency-pair off an active PIP-ONACCI Wall. Armando quickly puts his stop right below the passive PIP-ONACCI Wall for a -10 pip stop-loss. As soon as the position moved +10 pips Armando quickly moved stop-loss to break even for a risk free trade. After 35 minutes into the trade Chief trader Armando Martinez closes the position for +35 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 buy trade on the EUR/USD currency-pair off of a 1 minute PMD for a RE-FUEL trade. Armando quickly puts in a -6 PIP stop-loss to protect his position. Ten minutes later the trade produced +9 PIPS in 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 buy trade on the EUR/JPY. He takes the buy on a POWER-V trade set-up that he points out on the EUR/JPY. Armando fills in a position at with a very tight stop-loss of -3. After 3 minutes into the trade Armando Martinez collects +11 PIPS! Risking only 3! 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 buy trade on the EUR/JPY currency-pair off of a PIP-ONACCI Wall where he sees support. Armando quickly puts in a -4 PIP stop-loss to protect his position. 5 minutes later the trade produced +11 PIPS in 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 explains the importance of dynamic planning. He uses a trade he took earlier on the EUR/USD that produced +20 PIPS as an example and shows how important it is to plan ahead in trading. Having multiple plans (a plan A, plan B, and a plan C) can help traders in preparing for anything that can occur in the market. 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 explains the importance of knowing when to let go of a losing trade. Armando stays true to his nature and stays out of the market as Fridays can be very unpredictable. Fridays can be very dangerous days to trade as a lot fund managers are looking to make up some losses for the week.