Posts

Live Forex Trading - Gold Almost at 1800 + CADJPY Short Ready?

Gold Almost at 1800 + CADJPY Short Ready?

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In today's live trading session, we spoke about Gold's journey to 1800 as well as trade setups for CADJPY and NZDCAD. Back in December 2019, RP Forex made a bold prediction that Gold would reach at least $1800 by the end of 2020. Fast forward…
Live Forex Trading - Positive USD Manufacturing Data + EURUSD Short?

Positive USD Manufacturing Data + EURUSD Short?

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In today's live trading session, we discussed this morning's US manufacturing data and then completed analysis to determine possible trades for the week. This morning the US economy printed a result of 57.1 versus an expectation of 50.0 for…
no justice no peace

Risk Management: Factors Currently Affecting the Price of the USD

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The first step to minimizing risk in Forex trading is to understand the factors that drive currency prices. In this article, we’re going to take a look at the recent decline of the USD and what may be causing it. COVID-19 It’s been almost…
Live Forex Trading - Weekly Profit Recap + Next Week Market Insight

Live Forex Trading - Weekly Profit Recap + Next Week Market Insight

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In today's live trading session, we went over the trades we took during this short week and then focused on trades to take next week. Usually, the Non-Farm Payroll week is a busy and volatile week to trade. But, this week was different. We…
Live Forex Trading - Weekly Profit Recap + Next Week Market Insight

Weekly Profit Recap + Next Week Market Insight

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In today's live trading session, we went over the trades we took during this short week and then focused on trades to take next week. Usually, the Non-Farm Payroll week is a busy and volatile week to trade. But, this week was different. We…
Live Forex Trading - 4.8 Million Jobs Added in June + GBPUSD Short

4.8 Million Jobs Added in June + GBPUSD Shorts

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In today's live trading session, we went over the all-important Non-Farm Payroll (NFP) release and what that may entail for the Forex market. We then spent some time finding trade setups and arrived at the possibility of shorting both GBPUSD…
Live Forex Trading - US Dollar Bullish for Fourth of July Week?

US Dollar Bullish for Independence Week?

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In today's live trading session, we discussed the important events in the week ahead of us as well as viable trade setups to take. Not only do we have NFP this week, but we also have Canada Day and Independence Day (Fourth of July). Since…
Live Forex Trading - Weekly Profit Recap + Next Week Market Insight

Weekly Profit Recap + Next Week Market Insight

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In today's live trading session, we went over the trades we took this week and then completed analysis to determine setups for next week. Similar to last week, this week we had identified numerous potential setups to enter. Despite more volume…
Live Forex Trading - EURAUD Profits + CADJPY Ready to Short?

EURUSD and EURAUD Profits + CADJPY Ready to Short?

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In today's live trading session, we went over the profits made from our EURUSD and EURAUD trades. We then spent the rest of the session looking at our next batch of trades that are almost ready to enter. Earlier during the London session,…
Live Forex Trading - EURUSD Short Profits, GBPUSD and NZDUSD Next?

EURUSD Short Profits, GBPUSD and NZDUSD Next?

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In today's live trading session, we went over the profits made from our EURUSD trade, and then we discussed the possibility of shorting the other majors. Since last week, we have had a bearish bias for many of the majors, including EURUSD.…