Best Trades Setups of the Ending Quarter 2014 and Warm Wishes

HI, Traders

First of all I would like to wish everybody "Happy New Year" . May this coming year become more profitable and give you success you ever dreamed off and fulfill all your dreams.

Coming back to education portion and I would like to remind you that earlier positions of eur/cad shorts and usd/chf longs are very profitable and I would like to close both the positions and would like to continue from the coming opening of another week.

I would also put some more efforts in explaining the best setups on the basis of Supply and demand of the ending quarter of 2014 with some exclusive examples.

I will keep this blog more interesting with some new and unique updates on the basis of some mechanical systems but filter them with usual supply and demand basics and try to keep my blog readers ahead of market whatever market they trade.

Trade well and trade safe in the Year 2015.

All my best greeting for you and Your Families.

How to trade price action rejection Confirmation on higher timeframes

Posting the setup currently spotted on Eur/cad, though i need a confirmation on weekly time frame but overall trend is down so daily time frame is good enough to enter that rejection off supply areas.

Take a look at the chart on Weekly and Daily Time frames which confirmed the trade.

How to spot Behavior of Passive Sellers

Hi traders, I did not post much through out the month and the reason behind is there is no too much activity we have seen inspite of strong Volatile movements. All the Counter-trend moves in Euro has been faded out so many times and strong selling has been seen since last few days and that could be a clue of resuming the trend unless we see strong demand of monthly and weekly time frame I would like to short the rallies and that is been the way it is so far.

The motive behind this post is to let everybody know that Shifting to different time frames does help specially when you shift from Daily to weekly and Monthly time frames. As I have mentioned too many time that risk can never be calculated so trading higher time frames include large stops but that is the way trader has to sort out noise of shorter time frames and when there is lot of movement up and down stops can be hit more often than not.

Clue of Passive sellers

In the above mentioned chart we have seen that in case of strong trends there are passive areas where buyers have given away control to sellers but they never went on to dominate the process, as buyers step in continuously and buy with even more force and continuous selling was a part of passive behavior when it first test the demand area with strong rejection and then strong bullish bar as confirmation of continuation and price has never stopped after that and though we had to use larger stop as we are trading daily trend but overall all the requirements are fulfilled for trend to give us clue of continuing the trend.

to be continued..........

Gbp/cad still going stronger

Do we see continuation after Correction In gbp/cad

Those who continuously follow the blog posts must have known the fact that I love trading supply demand imbalance and recent decline in Crude oil really push all the Canadian dollar Pairs to reach Multi Year high but recent sell-off in Sterlingpush back the gbp/cad towards correction. But recent rally from lows give us a little clue that correction might have ended and trend is about to continue, But we need strong confirmation on daily as well as weekly charts.

Recent rally from Lows is very strong and could be a part of correction as well but price has maintain some levels and today on hourly we have some strong moves of that demand level and I will surely cover that chart during weekend.

Let's Start from Daily And Weekly Chart.

Demand levels Seen on Daily and Weekly Chart

I have mentioned two charts in a same file and both of them are completely telling us about the Demand levels, On the left we have weekly chart where we have seen few week earlier we have a big gap on weekly followed by Piercing Line Candlestick pattern though that rally lack Momentum an then on the right we have daily chart and pattern remains the same.

I will update the chart again after weekend to sum up the activity during the week on weekly and daily Charts.

Paradigm Shift l Value Higher Again SD basics

Hi traders !
Here I am again putting lot of emphasis on Price and Value Distribution, Where I have again seen some momentum shift after Rangebound sessions extended i.e Usd/chf. Lot of time traders would think that price breakouts out of range in slow momentum trading is false and again look to short at Price extremes.

But Issue With Novice traders remain the same as they are not willing to accept what they see and Look to react looking historical support and resistance and Counter-trend moves.

But true fact of trading is Price is in strong trend and got rejected several times when it lean away from higher prices, But recent momentum look strong and Instead of remain in rangebound market conditions price has shift gears and approaching the multi-year high.

Price Action Pattern Explains

Chart above explained the Value of price and time and when it got rejected several times it does not take too much time to shift the value much higher and go through extremes which react as support or resistance. That's the truth of trading which often tells us the fact that every support and resistance has to broken some day or another and Its upto trader to react to those areas or just leave it to fade those areas as not all the areas of price has significant importance to market.

Does Trading supply and Demand still abstract You

If you like to know what is happening behind the scenes the the key is to develop a unique trading method. Don't look at candles or any other fibos on your screen as just red and green pictures and patterns as they are the expression of supply and demand.
Understanding true concepts will make all the difference in your Forex trading career. It will give you the ability to trade based on what the market is expressing through Price action. This resource can be useful to shift through the mountain of news and information that is produced every day and trade what you really see on the charts.

What Really Price Action Is

"What is Price Action?" is a question frequently asked by aspiring traders. This Post attempts to explain that there are no secrets when it comes to exploring the foot print of exchange rates across a chart. Nevertheless price action is more than just swing highs and swing lows. Rest assured this Post will not leave you in the dark and conclude some ever changing decisions that You need to make In you Forex Trading Techniques.

It’s easy to brush support and resistance analysis off as not important. Although obvious, this concept is rather abstract and requires some practice to be effectively used. Understanding a concept from a theoretical point of view is not synonymous with having integrated it into the practice. This section breaks down the dynamics of price action, and with the help of lots of charts, you will thoroughly understand this concept and learn how to trade with it. This new knowledge will make you see the charts with a new sense of objectivity and trade in a much more relaxed and proactive manner.

To be continued......