Trade With Precision Newsletter - Trade With Precision

This is probably a more advanced article in relation to trading content as to be able to read market conditions and compare them with previous market conditions you need to have gained a certain level of experience in the markets. However, regardless of the level of experience you have in the markets this article will aim to make you aware that the market does go through different conditions and as traders we need to learn how to adapt our trading to the conditions we find ourselves in.

Flawless Execution is a word we use at Trade with Precision allot. Simply put, flawless execution is executing your strategy perfectly according to all of your trading strategy rules without making any errors along the way. If you can flawlessly execute each and every single trade that sets up according to your rules then you should come out ahead after a given number of trades. Using an example from a trade which setup this week on GBPUSD, we will take a deeper look into how we can achieve flawless execution in our own trading.

Successful traders who make money consistently over time have learnt how to deal with losses. They know that taking a loss on a trade is just the cost of doing business for a trader. They think of trading losses as a business expense, they are inevitable, but as long as they are able to generate more profit than loss then they’ll end up profitable.

So far this week the key theme in the FX market seems to be that of Euro weakness. The Euro has been weak for a number of months, however price had been consolidating for the last few weeks. Now it seems the Euro trend is set to continue as this week we have seen further moves to the downside. When we get a very weak currency, we generally see nice trending markets which are the types of markets we like to trade here at Trade with Precision. We are going to take you through a couple of the EUR crosses highlighting what we want to see to get positioned in these markets.