(FxPM) Forex Price Movement: Trade of the Day

Today, Senior Trader Josh Wilson takes a passive sell position on the GBP/USD pair. Josh waits patiently for the GBP/USD to break out of the high of the day. Senior Trader Josh uses the 1 minute PIP-ONACCI WALL Trade setup to plan and enter his sell position. Since it was a Friday Josh was very aggressive on his stop-loss. Two minutes into the trade Josh collected +7 PIPS! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Today, Senior Trader Matt Miller takes a passive buy position on the EUR/USD pair. Matt waits patiently for the EUR/USD to break out of the low of the day. Senior Trader Matt uses the 4 hour PIP-ONACCI WALL Trade setup to plan and enter his buy position. This was a very strong level of support. Matt quickly puts in a tight stop-loss and collects +8 on half of his position within a few seconds! The other half was taken off at +15 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 compares trading to a sport. Armando says that it isn't as easy as most marketers say that it is. Chief Trader Armando says that trading can be easy, but it's a process that takes a lot of work and guidance from very experienced traders. 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 position on EUR/USD. Armando notices that the market was oversold and started to look for areas to buy short term. Chief trader Armando anticipates a Re-fuel trade to develop around the big figure area and takes his positions there. Eight minutes into the trade Armando collects +6 PIPS on half and on the remaining +11 PIPS a few minutes later! 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 a trade to those traders that like to hold on to a trade and catch a home run. Armando says that the best chances would be if you see all of the markets rally in favor of your position. Chief Trader mentions a trade that he took on the EUR/USD and tells traders he used what was going on with the markets to help make his decision on holding his 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 shows an active trade he took on the GBP/USD. Armando points out on the 5 Minute chart where his short term target is. Chief Trader Armando also explains that there is a little gap that wasn't covered and shows areas that the GBP/USD may eventually work towards. Armando's trade hit his short term target eight minutes later and collected +19 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 buy on the EUR/USD pair. Armando takes his positions with a very tight stop-loss. Chief Trader Armando bases his decision by watching the 1 minute PMD's anticipating them to turn into a Re-Fuel trade. Fourteen minutes into the trade Armando collects +9 PIPS on half and just minutes after that takes +14 PIPS on the remaining of the 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 an active buy on the GBP/USD pair. Armando takes his positions with a very tight stop-loss. Chief Trader Armando bases his decision using the Re-Fuel Trade setup where he find a good support level for short term. Six minutes into the trade Armando moves his stop to break even since short term momentum has shifted against the position and collects +9 PIPS of profit on his 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 an active buy on the GBP/USD pair. Armando takes his position with a very tight stop-loss setting it just below the low of the morning. Chief Trader Armando bases his decision using the Re-Fuel Trade setup where he uses the low of the morning as a good support level. Just a minute into the trade Armando collects +9 PIPS of profit on his 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 talks to the traders in the live training room about how important it is to walk away if you've had a good trading day. Armando says that it is very easy for traders to give their profits back. Chief Trader Armando also tells traders that it is best to walk away if your emotions start taking over from a losing trade. Armando says that the worst thing a trader can do is get into revenge trading. 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 on the EUR/USD pair. Armando takes his positions with a very tight stop-loss. Chief Trader Armando bases his decision using the Re-Fuel Trade setup where he finds a strong support level from the 5 minute PIP-ONACCI wall. Two minutes into the trade Armando moves his stop to break even and four minutes into the trade collects +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.

Trade of the Day: July 3rd, 2012

Today, Chief Trader Armando Martinez talks to the traders in the live training room about how important it is not to multitask while trading. Armando says that it is best to only focus on trading because it is key to stay in tune and be focused on what is going on with the markets. Any kind of distraction can lead to misjudgments in trading. Chief Trader Armando also says that no matter how long you trade 30 minutes or a few hours that time should be only for trading. 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 passive buy on the AUD/USD pair. Armando takes his position with a very tight stop-loss since the markets were moving hard today. Chief Trader Armando bases his decision using the PIP-ONACCI Wall Trade setup where he finds a strong support level. Just 30 seconds into the trade Armando collects +6 PIPS! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

We experienced some technical difficulties as the recording for today was corrupted. Fortunately, we have posted a trade from May 25th, 2012, where Senior Trader Matt Miller takes a trade for +9 PIPS! In this trade, Senior Trader Matt Miller takes a passive buy position on the EUR/USD where he sees strong support. Matt based his decision on a PIP-ONACCI Wall trade setup with a combination of using the previous day low which was at 1.2515 to plan his entry. Senior trader Matt collects +9PIPS within a few seconds! 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 to the traders in the live training room about how important it is to trade with cation when there is a speaker talking. Armando explains that technicals can be violated easily because anything said can make the markets very volatile. Chief Trader Armando uses an example of when the markets moved nearly 300 PIPS in 2008 when a speaker was on one day. This is why Armando says it's not worth the risk to trade during speeches and if you were to trade it is best to wait for deeper levels of support or resistance. 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 position on the EUR/USD pair. Armando takes his position with a very tight stop-loss since it was a counter trend trade and an aggressive entry. Chief Trader Armando bases his decision using a 5 minute PIP-ONACCI Wall as support and anticipating a RE-FUEL Trade setup. 30 minutes into the trade Armando collects +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, Senior Trader Matt Miller takes a passive sell position on the EUR/JPY pair. Matt waits patiently for the EUR/JPY to hit a PIP-ONNACI Wall to enter his trade. Senior Trader Matt Miller quickly sets his small stop-loss and a minute into the trade collect +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 takes an active buy position on the AUD/USD pair a few minutes after Unemployment Claims. Armando takes his position with a very tight stop-loss since it was an aggressive entry. Chief Trader Armando bases his decision using the 1 minute PMD's as the short term momentum was slowing down and because AUD/USD did not respond the way as the other currencies did after the Unemployment Claims numbers. It was a stronger currency. Just 12 minutes into the trade Armando collects +8 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, Senior Trader Josh Wilson takes a passive sell position on the EUR/USD pair, but trades with cation. Josh waits patiently for the EUR/USD to execute the over under trade using a PIP-ONNACI Wall trade setup. Senior Trader Josh Wilson quickly sets his small stop-loss because Fridays can be very volatile with unexpected moves. A minute into the trade +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 takes active sell positions on the EUR/USD and GBP/USD pairs. Armando takes his positions with very tight stop-losses since they were both aggressive entries. Chief Trader Armando bases his decision using the 1 minute PMD's as the short term momentum was slowing down, the 5 minute PIP-ONNACI Walls showing strong resistance, and was anticipating the 1 minute PMD's to flip. Just 8 minutes into the EUR/USD Armando collects +12 PIPS in profit on that pair. Twenty-five minutes later Armando takes sell positions on the GBP/USD pair. Chief Trader Armando collects +7 on half and the last position hit his limit for +16 PIPS!Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.