Being 🧘 Flexible as a Trader

You’ve probably noticed that lately the forex markets haven’t been giving us any strong clear signals for direction. There have been small moves here and there but nothing very strong and lasting. No major trends are in play and that sort of thing. This is why I have been focusing on other markets and because of that, doing very well for my portfolio. This last week I tried my hand at a few trades and they didn’t work out. What has been working out is trading clear charts that are displaying text book setups. These I have found on the stock market.

I think to be a complete trader you must be able to trade any market. We can’t sit idle and not trade when there is a lack of clear momentum in one market, so over the years I’ve adapted to be able to trade many different markets and I have done very well because of it. Lately the stock market has been presenting some very good trades for us fueled by a strong S&P 500. Recently our long-term upside target was reached. What does this tell me? When you remember how we selected this target it was based on price structure. So logically we can conclude that if we used price structure to determine the highest point the

market would likely reach before a pullback, then we should be on the lookout for that potential pullback.

With all that said, I will be cautious with my current long positions to ensure stops are where they should be and to be ready for potential drops in price. This drop that will likely take place will also be creating new opportunities for trades. So, moving forward I am very optimistic about the new trades I’ll be taking on in the portfolio. I have every intention to close out the year strong and with the portfolio at it’s all-time highs.

Kevin Araujo