Tuesday, October 27, 2015

Trade Currencies Like a pro

How to trade Currencies like a pro








I will Try and Update the Chart Later.

Possibly I would update another  chart to trade prior to release of FOMC Meeting Minutes On Wednesday.

Trade Safe


Sunday, October 25, 2015

New video of the Series l How to define Price Action Zone

Price Action Zones in Currency Trading

This is the new video of the series and video of just I have just posted with my previous article. This will you give better idea in understanding the whole concept and visualize those areas which are of high importance and on which whole trading has been based.

How to Trade Buyers Trap In Forex l Institutional Supply and Demand Concept

Here I have built up a strong article and chart where We can spot the strong Institutions behavior . Specially where we have seen strong Institutions and smart money behavior.

There is not denying the fact that some areas are of utmost importance and when those areas hold there has to be a strong logic or meaning of price breaking or faking the zone. In such cases, we should watch the behavior with second test and consumption of supply and demand.

This Chart clearly is an example of that trading is not a science, it is an art which can be master by strong conviction and dedication in understanding what Charts are trying to tell not what other factors or factor that decided the nature of price action Movement.

Price Action itself is a term defined for reaction to a particular zone, It is not a combination of several candle or candles, where we see pinbars or set of rejection candles fitting well into context then we must see strong decisions based on the after the rejection happen.

In this chart in itself, we see some strong rallies which complete ignored and when such rallies are ignored, there are strong set of pending orders or buckets remain unfilled, and when price retest it again and that rejection is strong then opposite demand of supply is tested and when it got faked then there is reaction that is needed at the supply and that is what exactly makes me a chart lover, when everything happens with such strong synchronization.


Take a look at the chart first,















Where we can spot such behavior, we should first see how price behaves price completely turned from the zone, and when price tries to retest does it clear all demand buckets, the answer is yes, because strong demand off the bottom is tested and fakeout . The last point is rejection and it itself is a strong one, which should be the point of real concern when it faked out the high previously and recent swing high.

Thursday, October 22, 2015

S/R Flips helps in Decision Making

We have seen lot of consolidation ahead of ECB Policy decisions and price holding crucial support prior to the release but what happen was the strong bearish price action unfolds and that happens when we seen demand hold and  Consumed whatever demand there was and followed by strong sell-off

Chart will give you better idea what I am trying to mention in that article.












I will update with more charts matching the context and tell you How price action unfolds prior to that strong sell-off after there was rejection at the top.

Wednesday, October 21, 2015

Candlestick Traders But how much Truth behind Candlesticks price Action

Price Action and Candles

Hi, Traders

I have just recently spend so much time on the research how candles help in spotting of a trend, but I honestly did not find so much to work on or even think about depending on alone candlesticks patterns.


But that is truth that candlesticks forms a strong trend and starts with a pattern but If there is no patterns or context in sight, then they are very hard to find out.

Support or resistance rejection pin bars are very hard to spot because they will signal about the trend which has already mature or not too much to travel and that is why there are not reliable but when price is about to reverse they forms a setup at top or at bottom, but if they are too heavy and demand large stops then there is no point in looking it again for smaller risks as they often let you follow the trade more often than not.

I have recently watched Euro/Dollar daily chart with supply and demand point of view and including candles in my setup as a help but did not find any suitable setup and find out how pinbars fake the price action so many times and stop hunting followed afterwards.


Euro dollar setups and Candles Prophecy


If you rely on candles then we see a rejection at the breach of resistance and we saw a follow through but wait is this setup is telling us the bottom is eyed which is the origin, then why we see so many quite sessions after we see a sell-off signal at the top.


In the chart above, I have recently spot a continuation or pullback entry but lot of traders won't agree with me, because they will look to sell at the retest and failure but it already has done the same as the recent price action unfold. And usually we see sudden change in the volatality and price breaks so many barriers.


Monday, October 19, 2015

How Institutons and Banks Trade Ignored supply And Demand

How to trade Currencies like Banks and Institutions
Hi, First of all I would like to request all of my blog readers that stop spamming my email and blog with fake comments or try to catch my eye for personal attention, I already told you that I have limited time and In between that given I have to post, trade and keep replying emails. So, I would request to take note of each and everything that is mention on the chart try find out videos On youtube and explore the Videos page of the blog.

Trading like banks and institutions is something that works in the long term and You have to take quick decision or market take quick action while following retests of the previous failed buckets of demand and supply.

These buckets could be placed at ignored demand or even at ignore demand but We should not blindly trust the retest would be Fakeout as it can work otherwise if there is not a quick decisions made by market to complete reverse after retest. Even if it reverse then the complete structure from that low or high would match the criteria for longs and shorts and then any conclusion can be find out.

Ignored Demand means Institutions Behavior when Price Retests



This chart explain it all but we should be consider few points before taking any decisions which are the S/R flip, whether price broke the last support after breaking the demand and retest it, Or price found new demand before retesting and how price behave after the retest. In the above chart after retesting and consuming the supply price compressed into demand zone and completely faking the swing low and demand below that low which is strong sign of Institution behavior at buying low and when price fake that swing high and supply above then this would surely clear ideas of supply orders are being consumed and there is a chance of buying could been seen at retest.

Most of the time when price found new support and start rising quickly it pause for a while and that areas are very crucial before rally and price could completely fake these areas when it come back to check the frequency of left orders and react if there is buying interest found and that is exactly happen in this scenario.

This chart is complete package of consumption and distribution as we found new area of concern where price found demand and it was again completely ignored and we see some stacked demand when price retest the area and then fakeout that swing low and straight into the last demand and faking it out and give us another perfect opportunity to buy at the recent lower lows and these are the least risk taken in trading but it need practice and complete awareness of the scenario and when specially when price has recent history at those locations.

Wednesday, October 14, 2015

Gbp/usd Update Looking for Much Higher Targets.

I will update the text later, Chart is updated with  Fakeout of previous demand Pockets and Price looking for another Decision point.











Yesterday I lost about 100 pips on Aud/nzd trade but there are no regrets but we should always respect every market move and market compensate today with that trade. I was busy analyzing the sterling chart, So I update late but still there is potential to make much more or even wait for next update. I would surely be looking to see reaction at demand levels right from the bottom if Price reverses or I expect a consolidation and accumulate this big move .

Price Action always a challenge but not for those who knows that price will certainly create few bugs before moving strongly and yesterday reason for downrally was never specified in any cause because supply was already consumed I really expect a move at demand or fakeout to give me least risky entry and It happened so quickly that I took couple of entries in a hurry with two pending orders at previous decision point which was ignored.


I will update the text when the session day trading sums up.

Monday, October 12, 2015

Why do trader Overanalyze too much rather than Look for Quality trades

Effect of Overanalyzing and How to avoid it

Hi, trades My last post of Crude Oil does not pick up from the new demand but It will be updated again as We will now look for failure or Fakeout at the top of trend If an opportunity would be provided I would update the blog.

Over-analyzing & trades & there subsequent results will leave most people in a situation of no action, or what we like to call Analysis Paralysis. You’re going to make mistakes in trading as well as life as there would be much more stress if you look to compensate for your earlier losses as a result of anlayzing charts too often.

There is no doubt that professional traders has a lot of edge over novice because there learning capabilities from mistakes, and to never repeat them, as they are more commit to the process and they move ahead with confidence & with much more enthusiasm.

Loosing and winning are part and parcel of trading or any other game. But like other sports or game you can keep loosing & in the end you can still win the game. Traders forget to take into account all the other events a and plays that preceded that moment which also had an effect on the outcome of the game. Just like the aforementioned example, trading successfully is the sum of a lot of small things and decisions taken over a prolonged period of the time that can bring success & overall profitability over a long period of time.

Trading Opportunity Of Aud/Nzd With the potential stop and Target



Pair Aud/nzd
Entry 1.0950
Stop 1.0850
Target 1.1200

Trading should be based on Probabilities that works according to plan

As I said, In the above example that I never Overanalyze the charts too much,as crude setup was only valid if Price got rejected and we trade that fakeout after confirming the new high but it did not play according to plan.

Quality Traders Learn from such mistakes and never mess with charts of setup too much and we as a trader should not look around when things go wrong and still looking for trade setups out of failure trades.

I often look at charts at the end of the day and as the daily trading sums up, I found another setup but It has much more to go as setup is already got rejected from current supply level and still I think has much more to travel than it has done so far.

Saturday, October 10, 2015

Week Ahead Update and Substantial Crude Rally

Crude double bottom and Strong rally Hi traders,

Its quite a while since I last update my Blog, but there has no price action to follow except recent Crude and Riskier Assets rally and there could be medium or long term bottom be placed, and the biggest clue is recent rise in rally of Crude is the biggest weekly gain since the late 2009 in November.


Big Clue was the recent Canadian Dollar strength across the board and that has to happen when crude and Canadian dollar are strongly negative correlated Currencies and Riskier Assets Like Aussie Dollar and Its counterpart Cousin Kiwi dollar recent rally is quite a big clue as We have not witness such rally in the past six months or so.


Let's begin with Crude Daily Chart, as they said there is clearly strong double bottom that failed and then with a break below that bottom we witness strong rally and that is bigger clue that stop hunting below the low was the reason of the last decline.


WTI Crude Hourly Chart Update



Basic Idea of presenting or posting charts like this is to let trader's know that what is true price action which demand or expect reaction. Reaction only come If price structure is designed to let everybody aware of the fact what charts are telling us. Now, simple scenario will be the Price test the New Demand zone and get rejected with strong volumes which will surely mean that there are new cash inflow and they think that crude is very cheap and should be good price to buy as it got rejected from previous levels.


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Watch How I Trade Euro With Supply and Demand Rule

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