13,810 pips earned in 2014! Follow The Last Bear today!

The Last Bear Trading Recommendations!

Open a demo account and check out The Last Bear

PaxForex should be your first stop to the forex market.

Follow The Pips

Earn with The Last Bear!

Forex Trading Course

Get your hands on this Forex Trading Course, an introduction for beginner's into the forex market.

1,335 pips earned in December

Get your hot trades exclusively at The Last Bear!

Sunday, June 28, 2015

EURUSD Buy Recommendation June 29th 2015


Currency Pair: EURUSD
Timeframe: Hourly Chart (H4)
Recommendation: Buy EURUSD @ 1.1015
Take Profit @ 1.1430
Stop Loss @ 1.0900

The EURUSD has opened the Asian trading session with a gap lower as Greece is opting to hold a referendum and as the Eurogroup held one meeting without the Greek finance minister in what may have been one of the darkest days in Eurozone democracy.

I took the sharp drop as a great entry opportunity for my long position. I think we will see a lot more volatility ahead of us and I will look to possibly amend my stop loss and instead add to my longs. I think the gap we see in today's H4 chart will be closed as more details about the ongoing Greek crisis emerge.

 PaxForex

Thursday, June 25, 2015

EURGBP Buy Recommendation June 26th 2015

Currency Pair: EURGBP
Timeframe: Hourly Chart (H4)
Recommendation: Buy EURGBP @ 0.7100
Take Profit @ 0.7385
Stop Loss @ 0.7000

The EURGBP has corrected, but I think the sell-off is basically done. Sure, the Grexit issues may plague this currency pair and we could see a sharp increase in volatility especially if no deal will be reached before markets open on Tuesday, but the risk/reward ration on this trade is worth it to me.

Those who follow this trade should set aside enough capital for a second entry level just in case we will hit some rough trading over the next 72 hours which will open up trading opportunities. Overall I think the EURGBP will enjoy a short-covering rally which will take this currency pair back into resistance.

 PaxForex

Wednesday, June 24, 2015

Silver Buy Recommendation June 25th 2015

Commodity: Silver
Timeframe: Hourly Chart (H4)
Recommendation: Buy Silver @ 15.85
Take Profit @ 17.15
Stop Loss @ 15.30

Silver has continued to drop and I adjusted the stop loss on my previous Silver Buy Recommendation June 1st 2015 from 16.30 to 15.30. The reason for this was that I believe we have seen the worst of the selling and I added to that long position with another buy at 15.85.

I think there is plenty of upside in this precious metal and will seek to add to my Silver holdings should we see another leg lower. I am eyeing the 15.35 as another buy entry level and could move my SL again depending on financial developments.

 PaxForex

Sunday, June 21, 2015

EURNZD Sell Recommendation June 22nd 2015

Currency Pair: EURNZD
Timeframe: Hourly Chart (H4)
Recommendation: Sell EURNZD @ 1.6450
Take Profit @ 1.5000
Stop Loss @ 1.6700

The EURNZD has rallied on the back of New Zealand weakness, but given the uncertainty in the Eurozone I think this currency pair provides a great trade on the short side. Just keep in mind that the EURNZD may be the best carry trade currency pair right now given the big disconnect in interest rates.

The total downside potential is roughly 1,500 pips, but I will protect my profits with a stop loss before we get to that level. The move lower could be short, but very powerful especially after a breakdown below the low end of its resistance level.

 PaxForex

Thursday, June 18, 2015

Trading Overview May 1st 2015 - May 31st 2015: 380 Pips Earned

 PaxForex
I have completed my overview of forex trades which I recommended between May 1st and May 31st. I had a total of ten trading recommendations which I published 100% free of charge and I always update you all on every trade regardless if I earned money on it or if I lost money on it. In my previous trading update I showed you how I earned 14,085 pips so far in 2015 on 37 recommended trades.

In 2015  my aim is to deliver 20% more pips in 2015 then I have in 2014 where I delivered 13,810 pips from 109 trading recommendations. Feel free to subscribe to my blog and follow me at TheLastBear!

Here is my forex trading overview for trades between May 1st and May 31st 2015:
  1. May 5th 2015 - CADJPY Short @ 99.10, Exit @ 98.35 on May 7th 2015; Profit of 75 pips
  2. May 7th 2015 - EURUSD Short @ 1.1340, Exit @ 1.1140 on May 11th 2015; Profit of 200 pips
  3. May 11th 2015 - AUDNZD Short @ 1.0700, Exit @ 1.0600 on May 28th 2015; Profit of 100 pips
  4. May 13th 2015 - EURNZD Short @ 1.5230, Exit @ 1.4980 on May 26th 2015; Profit of 250 pips
  5. May 15th 2015 - USDCHF Long @ 0.9130, Exit @ 0.9530 on May 27th 2015; Profit of 400 pips
  6. May 18th 2015 - Silver Short @ 17.70, Exit @ 16.30 on June 4th 2015; Profit of 140 Pips
  7. May 20th 2015 - AUDJPY Long @ 95.75, Exit @ 95.00 on May 22nd 2015; Loss of 75 Pips
  8. May 22nd 2015 - Gold Long @ 1,207.50, Exit @ 1,201.00 on May 26th 2015; Loss of 650 Pips
  9. May 27th 2015 - GBPJPY Short @ 189.400, Exit @ 192.000 on June 12th 2015; Loss of 260 Pips
  10. May 29th 2015 - EURCHF Long @ 1.0320, Exit @ 1.0520 on June 3rd 2015; Profit of 200 Pips
Total Profits: 380 pips, 10 Trades, 7 Profitable Trades, 3 Losses, 0 Open Trades

My total profits for 2015 total 14,465 pips on 47 recommended forex trades. I operate this forex portfolio over at PaxForex and their tight spreads and execution speed allow me to earn more each time I trade.

 PaxForex