Posts

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 - 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.…
Live Forex Trading - Euro PMI Bolsters Euro Strength, But For How Long?

Live Forex Trading - Euro PMI Bolsters Euro Strength, But For How Long?

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In today's live trading session, we discussed the Euro PMI manufacturing data release and the implications it can have on our pending trade setups. During the London session, the European Union printed a bullish result across the board for…
Live Forex Trading - Weekly Trade Recap + Next Week Market Insight

Weekly Trade 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 we completed technical analysis to determine trades for next week. This was the slowest week RP Forex has encountered in his fourteen-month tenure with Forex…
Despite 7.1% Unemployment Rate AUDUSD Stays Put

Despite 7.1% Unemployment Rate AUDUSD Stays Put

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In today's live trading session, we went over the Australian unemployment data release and the lack of effect it had on the Aussie. We then went over the current status of our GBPJPY and GBPUSD trades. Last night the Australian government…
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.…
USD Slips on Mixed News + US and China Cold War?

USD Slips on Mixed News + US and China Cold War?

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In today's live trading session, we discussed the cold war brewing between two superpowers and its potential effects on the Forex market. We then identified two setups for the major currency pairs. In particular, long setups for both NZDUSD…
Weekly Profit Recap (+150 Pips) + Next Week's Market Insight

Weekly Profit Recap (+150 Pips) + Next Week's Market Insight

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In today's live trading session, we went over how we won all of our trades this week and then, discussed trade setups to take next week. An important topic discussed this week in the Forex Trading Room was the art of being adaptive as a trader. Although…

Mixed US Data, Which Way Will the Majors Go?

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In today's live trading session, we went over the fundamental releases that occurred earlier in the London session. We then went over the current status of our NZDUSD trade and trades to take before the week comes to a close. German and French…

Weekly Profit Recap (+181 Pips) + Next Week's Market Insight

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In today's live trading session, we went over the trades we took this week as well trade setups we can take next week. NFP week could be slow or fast, this week was rather slow but profitable. We started the week off with a short trade for…