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:

email

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!

Who wants 500+ pips?

Written by Raul Lopez on . Posted in Trades & Analysis

GBP and AUD flags

Let me ask you one question…

What is our main goal as a trader?

Think about it for a minute or two (alright, a few seconds will be enough)…

If your answer was to make money… you are wrong.

Thats a by product… it comes as a results of our main goal as a trader, which I believe to be:

AUDUSD update (exact level to trade)

Written by Raul Lopez on . Posted in Trades & Analysis

AUDUSD

Hey traders, how is your trading going so far this week?

I hope you have been able to take advantage of my previous analysis, if you did, I’d like to know how it went…

Last tuesday I analyzed the AUDUSD long term charts and my conclusion was that we needed to wait a little longer before taking any trade.

Today its Thursday, so I’d way its enough waiting, dont you think?

So maybe its about time to take a trade here… but first let me show you the short term analysis.

Here is when to trade the AUDUSD (and the main principle of price action)

Written by Raul Lopez on . Posted in Articles & Education, Trades & Analysis

technical indicators

Yesterday I received an email, a trader from Europe asked me if it was a good time to short the AUDUSD…

I told him that not yet, from the way I see it, it is trading near an important level and we still dont know whether the market is going to get rejected from there or break through that important level…

Earlier this morning he replied back, he was a little angry I must say… And said something like “I thought you were a good trader, how come you dont think about going short right now if it has been falling like a rock…”

Great opportunity in a currency pair you haven’t traded (yet)

Written by Raul Lopez on . Posted in Trades & Analysis

Norway-Flag

You already know what my philosophy about trading is:

Trade the currency pairs that have the clearest market condition and the greatest profit potential.

One of the most costly mistakes novice traders make is to focus only in one or two currency pairs (included me of course).

Their reasoning is that they want to get to “know” that currency pairs…

But the thing about it is that sometimes currency pairs are not tradable, meaning that they dont have a clear market condition, and if it doesn’t have a clear market condition, we dont know what it it likely to do… And we’ll still force ourselves to take trades.

Put it this way, if there is a clear market condition, the market could still move against us… imagine what happens when we have absolutely no idea of what the market is likely to do?

You see where I’m getting at right?

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

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