Welcome to another live trading session where we teach you how to trade with naked price action. In today’s session we talked about the status of our AUDUSD and XAUUSD Gold trades. We also discussed why we decided to enter a short position for EURUSD and why we did not enter certain trades.
Our AUDUSD trade has finally decided to move and it has officially hit our first take profit target. We are currently up +45 pips and we are looking to go lower. In yesterday’s session, we did a live analysis of XAUUSD Gold and the price action suggested a selloff. The short position trade was entered and resulted in +60 pips profit before our partial position was stopped out at entry price.
Our EURUSD analysis finally met the required price action confirmation to enter a short position. We are expecting a decent move down for the pair, with a final target of +150 pips. You can check the Telegram channel for our specific entry. We took the trade live during the live webinar and went into profit immediately with zero drawdown.
On Monday’s trading session we had high hopes to short EURNZD and EURCHF, however we could not enter a trade because our entry cafeterias were not met. Patience and staying disciplined is one of the hardest things to master in Forex trading, Luckily, our trading strategy is simple to learn and doesn’t require too many rules, so the criteria to enter is very clear.
It’s been a bit of a slow week in the FX market this week, but with some decent profit secured and no losing trades, we are not complaining whatsoever. We still have enough time to secure some extra profits before market close on Friday. We will see you all tomorrow for our FREE live trading session where we will be going over the criteria to enter a trade for our price action trading strategy.
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Check Out Yesterday’s Live Session Recap: October 23th, 2019
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