The easiest currency pairs to trade right now

Written by Raul Lopez on . Posted in Trades & Analysis

How is it going trader?

In what currency pairs have you been focusing lately?

Please don’t tell me that majors…

From the way I see it, most of the majors are trading not in a clear market condition… Specially the EURUSD. So please, stop trading them!

Expand your horizon, yeah, you’ll have to pay more spread, but the odds will be on your favor, and that’s what we are all after, aren’t we?

I would rather trade an instrument with a larger spread, but with a clearer market condition, than a currency pairs with a tighter spread and have absolutely no idea of what the market is doing…

Please tell me this makes sense…

Here we go…

The easiest way to trade

Written by Raul Lopez on . Posted in Articles & Education

complex chart

Hey trader, how is your trading going? Have you been able to bank some pips this week?

Let me share with you an email experience I had with a trader earlier this week!

On Monday I received an email from this trader, he said something like this:

“You better write an article about closing all JPY trades, (what I’ve been recommending in the last weeks) because its about to retrace back and change direction…”

The first thing I thought was, hey, he must know somethingI don’t know… So I asked him, what makes him think that…

And his reply was something like this:

Is there any room left to trade the JPY crosses? (and currencies I’m trading/watching).

Written by Raul Lopez on . Posted in Trades & Analysis

yen

Hey trader, hope everything is going well on your end!

Since my last trade in the GBPJPY, I’ve been getting a lot of emails of traders asking me if there is any room left to trade the GBPJPY…

Now, let me tell you something, its not that I traded the GBPJPY because I like it, I traded because there was enough room to take a trade (good amount of pips by the way)… But right now, I dont thing its the right time to trade it again…

Why?

Because its trading near an important level!

But you dont have to worry about it! We are not here to trade only the GBPJPY, the idea is to find the clearest currency pairs to trade right now, the ones that have clear swings, clear levels, etc… And if you look at other JPY crosses, that’s exactly what you are going to find!

Here are a few of them…

Possible trade in the GBPJPY

Written by Raul Lopez on . Posted in Trades & Analysis

difficult markets

Hey trader, how is your trading going so far this week? What currency pairs are you trading?

Please don’t tell me the EURUSD…

I know you like to trade the EURUSD because of the spread, but take a look at it, specially at its short term charts… its all over the place.. .

No clear support and resistance levels, no clear swings, I don’t see anything clear on that currency pair.

So please, if you only trade the EURUSD, expand your horizon, you’ll see that there are better opportunities.

The GBPJPY for instance…

Do you trade the GBPNZD? You should, here is a signal

Written by Raul Lopez on . Posted in Trades & Analysis

Hey trader, as I said yesterday, there aren’t many opportunities available, most currency pairs are ranging in tight not well defined ranges…

But when se a good opportunity, we need to take advantage of it… right?

Again, how do I define a good opportunity?

When I get all these:

  • Clear S&R levels
  • Clear swings
  • Good profit potential

And that’s exactly what we’ve got in the GBPNZD… here are the details:

About time to trade gold (XAUUSD)

Written by Raul Lopez on . Posted in Trades & Analysis

gold

Hey trader, hope everything is going well on your end…

What do you think about the market so far this week?

From the way I see it, its been difficult to find good opportunities. Most currency pairs have been trading in a very tight range, not well defined, etc.

We’ve got to be patient though, I’ve learned through experience that, our job as traders is not to be in the market every day, but to be in the market when the odds are on our favor.

Even when sometimes that means to be in the sidelines for a few days (or even weeks).

That’s the reason we need to make the most when the market has clear conditions:

Dont trade the EURUSD, you’ll thank me

Written by Raul Lopez on . Posted in Trades & Analysis

euro

Look traders, there are times for everything in life…

Today (or for the next few days) its not the time to trade the EURUSD.

How do I know this?

I always try to find the currency pairs that have the cleared swings and the clearest levels, and I focus on them…

When you have clear S&R level and clear swings you know exactly what the market is likely to do, and that helps you find good trade opportunities.

I’m taking this short signal

Written by Raul Lopez on . Posted in Trades & Analysis

GBPCAD

Hey trader, hope everything is going fine so far this week with your trading (and everything else).

What currency pairs are you monitoring this week?

Seems like most traders are focusing in the JPY crosses, and I dont blame them, I’ve also taken a few trades with them… they’ve been trading smoothly, which is one of the main things that I look for when searching for trade opportunities.

But there are others that are also trading in a clear market condition… such as the GBPCAD.

What to do when the market trades near an important level

Written by Raul Lopez on . Posted in Trades & Analysis

AUDUSD

Hey traders, hope everything is going well on your end…

Let me ask you one question…

What do you do when the market trades near an important long term level?

The answer to this question will come in handy today, because today, there are plenty of currency pairs that are trading near an important level…

And you need to be prepared… so again… What do you do? Whats the first thing that pops up in your mind?

Think about it and comment below…

Here is what I think…

Long signal

Written by Raul Lopez on . Posted in Trades & Analysis

GBP and AUD flags

Hey traders, how is your trading going?

Last week I wrote about the GBPAUD, I thought it was trading in a very clear bullish condition but didn’t mention anything about my entry signal…

The market conditions are still unchanged, its been slow, but it is still trading in a clear bullish condition… and you know what we need to do.

Keep looking for long opportunities.

One of the things that I like about the GBPAUD (and GBPNZD) is that it moves a lot, once it gets going, nothing will stop it…

So we need to get ready to trade it, otherwise we’ll miss this opportunity.

Here is my signal!

StraightForex
Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

If you have any question about anything, please feel free to contact me at: info@straightforex.com or call +1 518 300 3828

StraightForex on Facebook StraightForex on Twitter Call me on Skype Grab my RSS StraightForex on Google+ StraightForex on YouTube