Posts

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 did a recap of how our week went, and then we completed price action analysis to determine trades for next week. The current market choppiness appears to be here to stay. For this reason, we reduced the…
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…
FXL-Youtube-Forex-Live-Strong-US-Sales-Data-as-Catalyst-for-shorts-June-16-2020

Strong US Sales Date as Catalyst for Shorts

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In today's live trading session, we discussed the US Core Retail sales data and the impact it may have on our setups for the major currency pairs. This morning, the US economy published its retail sales data and the results were spectacular.…
NZD Profits + Bearish Outlook for FOMC

NZD Profits + Bearish Outlook for FOMC

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In today's live trading session, we went over the profits made from our trades taken yesterday. We then explained why we have a bearish bias for the major currency pairs in relation to tomorrow's FOMC rate decision. During yesterday's session,…
Weekly Profit Recap (+300 Pips) + Next Week's Market Insight

Weekly Profit Recap (+300 Pips) + Next Week's Market Insight

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In today's live trading session, we did a recap of the trades that we took this week to gain +300 pips. We then discussed the Non-Farm Payroll release and how that may affect trade setups for next week. This week was another great week as…
1.9 Million US Unemployment Claims + GBPNZD Shorts Continue?

1.9 Million US Unemployment Claims + GBPNZD Shorts Continue?

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In today's live trading session, we went over the fundamental news that occurred earlier this morning. We then completed technical analysis to find trades to enter before the week comes to a close. Early this morning, the European Central…