Crude Oil future. final buyer Exhaustion

Hi, Readers

First of all, I would like to give you advance wishes for New year & wish that new year fullfill all the dreams you ever wished.

Usually, I don't trade in low liquidation scenarios amid New year & Christmas holidays. But I always Like to take a look at Crude oil chart usually once a day. Today, I found classic example of Crude oil future which states the buyer's exhaustion & finally engulfed and start of a cycle of seller domination.

I would recommend shorting Crude Oil around 61.95 level with short just above the QM zone which is 62.07 & target is the low of session which is around 61.09 & then 60.63

Gbp/cad testing 1.7210 level

I'll discuss the chart bit later ! Hope you all have prosperous new year filled with Joy, Happiness & lots of profit ! Wishes for all of you !

Taking profit on my gbp/cad shorts

As I mentioned in my post above about the short entry on gbp/cad, around 1.7215 area, So an update was due & today I am taking profits on shorts. For those who did not had a look at the chart, I am updating the chart here again.

I took the profits on gbp/cad too early but that is part of the trading, when you see a level is providing you a 4 to 5 time Reward of the Initial Risk, then You can exit or can trail your entry. As a scalp, it is a good reward but in case you go to higher timeframes, then You can see type of demand in clusters below & that is the only reason why I took profit on gbp/cad trade.

Crude is about to confirm the top on higher time frame & will collapse soon

I've been a long time bearish on WTI crude oil & reason being the recent global slow down, with Gold & Silver prices are at near five year high, I would surely be looking for crude oil to test the crucial 64.56 area, before it collapse. If a top has already been in place, then I would be looking to short it with a break below daily level of $60/barrel. I think that will offer a good risk reward with stops just above 61.55 area and target should be $50.65 which is the recent swing low on weekly chart.

If somehow we manage to break above $64.56/barrel, then It will nullify the bearish run & test of $70.00 barrel would be on cards, but I would still maintain my outlook of bearish on Crude & Brent Oil. Recent Tension in Gulf over death of Solemiani & threats by Iran Military officials to U.S, would really put lot of pressure on Crude Oil & pressure in trading means new opportunities.

I would update my outlook on WTI after the market opens today .

Rising Tension between United States & Iran create panic between Investors and traders

I would like to update you about the recent situation in Iran & U.S after U.S drone Attack killed Military official in Iran. Immediately after the death of the army official, Iran has threatens or warned U.S of the consequences. Market has already shaking here and there for the fight for Safe-heaven & in any case if there is more damage been done, then Gold & Silver will probably the first ones to create demand in the market and I'll also recommend looking for opportunities in both Gold and silver as I'm already seeing much higher level in both the Risk-heaven assets.

Beside, gold & Silver , WTI & Brent crude has already made new 2 years high & I would surely look to look at the scenario specially in WTI crude as I've seen some strong manipulation and eyeing much lower level after tension eased out. It has already happened few months back when Saudi's Oil refineries were attacked & we soon witness a strong sell-off immediately followed the news.

Crude oil is eyeing strong supply zone around 64.57 area, and I would like to see a retest of 60.50 level & if that happens, provided the scenario we are in, I would look to short surely around 65.40 with stops around 65.80 & Target would be first 57.40 & much much lower level would be seen in the coming weeks and even months. I

We already witness a strong fakeout after Saudis attack & that fakeout has happened because there are strong orders after supply capped the upside & Now, if there is panic in the market, then stop hunting would be seen. Practically, we can see market rarely cares for such things as whatever happens, price is going to rally, we just need to stay aside and watch levels to play and when it is our turn, which I think would be soon on cards, then we should step in with protective stops and good reward .

Crude oil Future crash After Trump speech

I update the trade before it had happened. Check the post above where I mentioned shorting crude around 65.40 level & high was around 65.56 area, & now it has reached the first target 60.12 & now I would watch a break below 57.80 to add one more lot.

How to analyze stop Hunting zone when a strong zone is already Engulfed

Hi Readers,

In this post I would like to draw you attention towards Engulfing price action and stop hunting after an area is engulf.

Price Action usually depend on few puzzles. First of them is Flag limit of a zone & second is price Action zone & whole the Price action evolves between these two zones. When an area is engulf, then we should set our focus to another important flag of the zone which is FL or even stop hunting zone. Usually, these areas are MPL zones or you can say Maximum Pain level when we have an area which is already given away (Strong support or resistance) & then price move backs to the zone and after Faking out the zone, there is usually significant Drop or Rise is seen.

Our focus should be on the reaction of the price, when Price again visit that area. Price usually visit that area with strong collection of orders. It could be these of areas & location few times. Price can compress to that zone or even price can create Stop hunting zone. Best way to spot those zones is usually stop hunting.

Stop Hunting process usually depends on way wyckoff explain the sign of strength or weakness

Wycoff usually spot end of trend with strong buying or even selling Climax and then accumulation & then another trend starts which can be either testing the distribution zone above or even with markup zone, when we have new trend in sight. But our focus is on testing the distribution zone again. I'll create a video explaining the chart with engulf and then test of area with conviction.

State bank of India stock NSE entering price Action zones around 337

You people must have been surprise by the blog title. As I never recommend trading stocks or derivatives. But due to numerous mails & comments, I'm hereby uploading the chart of Indian Stock State Bank of India.

Price is stalling ahead of 337 resistance area which is also a part of rejection of price action zone. If price manage to hold 326 area, then I would recommend shorting around 337.51 with stops around 339.50 & First target would be 317 & Second target would be 308 zone market with red rectangle.

Price Action Reacting the previous Manipulation zone which should act as bulk buying orders

As I have clearly stated in my previous articles that when you trade a swapping flag, then there should be a flag just below the engulf zone which should play the manipulation game & that chart is a perfect example.

More on that will be updated soon. Stay tuned.

Pound Trade levels before Great Bretain Election Results l Definitely Risk-on

Despite of continuous reports on failure of deal in England but still I expect this upcoming election results will give us finally what market wants as deadline of 31-12-2019 is approaching very fast. Now or never sort of approach should weigh on investors and never seen volatility would be seen. You won't get any chance of taking a trade in pound dollar, so If you've planned to enter earlier to release, then I would suggest you to get out of situation and wait for 24 hours before you enter again.

For me, Price is strongly approaching 1.3760 area which is clear indication of some correction. We earlier have buyer swings which were hold twice above this level and finally we break out lower. Now as price is approaching strongly to the level I would expect market would show some caution ahead of 1.3190-3230 barrier and we can see a small correction to 1.3000 & then before we approach 12th December we can see a small range or spikes followed by correction whenever there are rumours or any news relating to the results.

All the Gbp Pairs would have larger spread ahead of Brexit

Most exotic currencies in Major pairs are gbp/Aud & Gbp/nzd & I have never recommended trading these pairs with small trading accounts or unless we have a small risk trade. These two pairs already have a spread of 4 and 5 points but due to Bretain Voting results we can surely see expansion of spread to atleast 10-12 points or even more. So, trading in these two pairs is definitely not recommended.

Pound Chart & Trading levels ahead of Voting Result

Chart below truly stating that we have couple of Accumulation and distribution areas & finally we are getting out of one and approaching next level which is already a upthrust level on weekely just above 1.3650 & When Price is going through these hurdles, already showing sign of real weakness but as we have strong bullish flag breakout, I expect those orders above that flag are waiting to be clicked & test of that level would add more weight when we visit that 1.3650-90 area again.

Euro gbp facing Price Action zone around 0.8515 before Brexit vote results

I would follow up with the chart. Euro gbp has trying to stop hunt stops ahead of vote results. Stops should be place around 0.8530 entry should be around 0.8515& Target 0.8430-05 area.

I would advice you all to manage your risk and tighten your stops as possible as you can. Risky events can pave away the way for new downtrend but I would recommending closing with first target with two entries and trail the second one at breakeven when First Target is met.

Result of trade Eur/gbp after exit polls

The chart below illustrates that we miss the trade by mere 9 pips and move was so devastating that it breach through the support and hit all targets and through 0.8300.

Thing to look out at this time is approach. Approach to broken support at m30 was the real factor that we need to dig into. I'll prepare a video soon & will publish my idea why it went down from that SBR (Support becomes Resistance ) & about market manipulation.

By Market manipulation, I mean to say that was the market aware of the exit polls ?

Do the know the results & set orders prior to release and what approach we should follow before these type of big events. All these doubts comes to mind when I was novice & decided to buy the broken support and retest areas to get trapped and leave the trade open before the big events & blow my Accounts

Seriously, that has happened to me hundred of times. Whether it was Greece default, Britain referendum, Scotland referendum etc. I loose my account so many times, but this time I missed the Jackpot trade & believe me I'm not talking about small lots. But anyway, this has been story & I hope those who stay at blog and spend time on the blog understands the value of such events. I'm still quite confident that we will soon get into strong Euro dollar swings which is targeting atleast 1.1800 will leave a trade on table next week.

Stay tuned & subscribed

How to trade flag limits & Swapping flag engulfs in Forex Trading

Hi,

I've pulled of some education portion to tell you what is flag and flag limits & how to trade those flags with low risk high reward opportunities. Flag Engulf flag in Usd/cad and we see a swapping buy orders which are being tested and it is followed by demand level & that area is good enough for buying with target above PRZ

Canadian dollar buying opportunity targeting 1.3286 area

I would preferred to stay long amid demand levels & then I will see reaction when it approached next decision area which is 1.3286 area.

Wait for follow up chart in next few sessions

UPdated 21st NOvember 2019

Profit taking on usd/cad buy

It was a no risk entry as I mentioned in the chart above. from 1.3196 to 1.3306

Chart follow up as I promised there would be a follow up of the entry. Price rising from a breakout zone. As I stated last time, that price is usually go from one decision point to another. We saw strong movement follow by pause in rally even though immediate short execution at rise of pole flag, is very risky but it was the decision to fall or you can source of the downmove.

Readers who have spent time on blog understand the fact that what I'm pointing out the recent bull rally & decision point to another decision point. There is a big difference in trading ranging breakouts and trading strong breakouts follow by retests of the zone. Zones that retrace & continue are usually flags engulfed by flags know as swapping zone & price usually test them with low liquidity. That is all that has happened with the 1.3189 which was Fl of the flag that breakout from a flag continously made higher highs higher lows.

We are approaching year end & there are still quite a few setups that I've in mind and spot on charts and one of the Eur/usd. Eur/usd every rise got hit by bears & this time around it has been the same again. I would like to see a breakout of 1.0979 level to see if there is enough pressure on bears to make a new yearly low below the recent one. I do expect to see a strong bear really ahead of FOMC meet in december & then we will see a possible low of 1.0810 area . So, the entry would be very low risk one or may be around 1.0965 with stops just above 1.0995 & target would be straight 1.0850-30 area.

But I would update you guys before there is any hurdle and bears start putting pressure on Euro pairs & that would remain the price action for next two to 4 weeks. I don't see euro go past beyond 1.1120 area & 1.1090 & 1.1115 are very large hurdles for euro to cross.

Role of support & Resistance in overall Context of Price Action

Price Action really need some help from liquidation provided by Retail traders. One thing we must know that without retail traders there are no trading activity or orders that can push price Up or Down.

That is how banks and institutions manipulate or trade forex is to take the help of every support and resistance that they can. Banks use those support and resistance areas to put orders above or below the IF there is enough orders that are waiting to be taken out and finally push that is required to test the previous flag or demand or supply area.

If you look at the chart above, then there are few things that you must notice which is type of orders after a strong push to the upside. Price reacted to the zone with a failed breakout & then price action follow through and found support at the previous demand level & that area was providing consistent liquidation or orders to the providers.

One thing that we must understand that Price Action unfold & sentiment changes after every hour. We cannot set buy sell orders based on support and resistance as sentiment changes after the breakout to the upside.

Decisions points is the crucial thing you need to understand before buying and selling

Trading has nothing to do with just buying and selling . No one can understand the type of orders untill you dig deep and find reason why there should be a need of buying or sell an asset. Assets requires supply and demand to initiate orders. Orders need to be in bulk and target should not have hit. There should be clear set of orders below and above to hit the target. One must need to understand the what is the proper stop and entry to take a touch trade or even setting stops below or above the price Action zone.

Classic example of set of orders in Trading of Pound Dollar

Chart above explains the reason how sentiment does changes after the upside push through but it was not good enough for the banks to look for liquidity to push the price down & they start manipulating by strong push from the downside & rejection and then price finally fakeout market with red arrow & then took the help of support again but it was all done with the pending orders as there were orders when price makes a breakout from the triangle breakout from the downside.

Dominate Flag patterns & low volatility breakouts

Chart below represents the bitcoin which is about to test the low level of a flag. When We look that chart closely then you would found out the left shoulder past the levels which is historic pattern and price has already ignored that level. While watching or buying at low levels of a flag breakout specially when we have left shoulder in support of the recent price Action, there there is surely a recommended level specially when we have FTR above the recent PAZ.

Top of flag breakouts are best one to Trade in high volatility pairs

As we all know that BTC is very high volatile pair & I would recommend buy at top of the flag area market with blue line & watch out for engulf on top of the pattern as flag. I would love to post an update with live example to let you all know how flags engulf flags & these type of breakouts are best to reach its targets specially when retests does not reach its target. So, Wait and watch out for update & don't buy this low as selling pressure is still persists on Bitcoin.

How to mark supply and demand levels on Chart. Rejections and retests

HI Readers,

I took a trade on Crude oil based on price action and that is why I've decided to put this on blog. While you decide to give yourself an edge and take another step forward, then this post is entirely dedicated to you.

Points to need to know while marking supply and demand levels on Chart

We can see rejections and try to read as many charts as we can. First of them comes to mind is candelsticks. Candlestick alone is not tradeable. You need to learn to trade approach to the levels whenever they got rejected. Alone reliability on chart is not good enough. You need to learn to read the chart and reason for rejection.

Trade History and MPL (Maximum Pain level ) is very good way of reading a chart. Price rejecting and carrying the momentum to test previous supply and demand level is good indicator of price action when those levels are approached.

Multiple test of the level is another good way to identify opportunity. Multiple tests include 3 tests of the support and resistance levels is good enough . Three dives is my favorite pattern when you trade Compression but when you are trading history level & QML level, then this candlestick approach is very good way to identifying an opportunity.

On the chart above you can saw a small candlestick above the level (HIstory level), which is good indicator is that price try to stay above that level but failed to do so. then we see three tests of the level followed by FO (fakeout)

After an FO is posted on the Chart, next thing you must keep in mind that If we see a bearish Engulfing. Bearish engulfing are good sign of orders on the places when it left the area. One thing you must keep in mind. Price action must be strong enough and orders are left on the level because if we see a small dozi then we probably might see accumulation of order before price left that supply area.

Price left the area strongly and followed by failed attempts which probably is very good sign of pending orders. Price engulf the demand below from where we saw a failed test & Final is the approach which was quite low momentum but when it reached the level, It did not take any time but to go strongly towards the next demand which was around 53.80 area.

Stay tuned for more charts. Don't forget to subscribe the blog & leave comments in case you have any doubts.

Characteristics of Flag Order

Forex trading is all about reading order flow. If you are unable to read order flows then it is very difficult to spot who is dominating the market. Even in opposite reactions, it is important that we saw participation of buyers & Sellers or vice a versa. Following chart will probably clear the doubts you have mind. In order to clear your doubts, I've also posted Live trade that I took on August 21,2019 of Brent Oil.

Comments are welcomed

Bitcoin ready to rally with a test of 7.2k Area.

I posted in my last bitcoin predictions that I'm looking for rally to atleast 7.3k area. Check the last post here here

Price has done exactly that with a retest of the level & now with a clear break above 8.7k. Price has manage to test the 3 months high & Now I'm expecting price will keep going ahead to test yearly high.

China ready to adopt Bitcoin as Future & making efforts to list bitcoin on Exchange

The proposal includes a range of issues from how compatible the industry standards should be with other international cryptography systems to whether companies should voluntarily verify their commercial use-cases with authorities.

Bitcoin Rally to continue with stops around 9.1k

Chart Below has shown the demand area holding since that level of 9.2k was breached but it seems to be faking the support and after that we have seen a test of the area as a falling wedge and now price has breakout of the that range and I'm now ready to buy btc with stops around 9.1k area.

I've seen this opportunity and decide you keep you updated . Bitcoin made a high of as high as 10.2k & since that high is made price has been on the sideways & untill it found support around 9.2k area & I'm now looking for a strong test of 10.2k again.

Supply and demand Price Action Zones is the best Forex trading Strategy- Forex strategies that works

Hi, Readers

Market has been very volatile amid Brexit Vote on this weekend Which I think would be negative for Pound pairs. Pair has been rising strongly after expected deal finally getting close to implement.

Purpose of this blogpost is not about Brexit or any Fundamental that is about to shake the market. I'm here presenting you the best price action strategy which works on simple principles and logic. If you simply sit on sidelines and watching Price Action for a week or two, then this low risk high rewarding price Action setup would never be away from sight.

Price Action zones to work in trading strategy

Only solution to your loosing streak is work on logic. Do include support and resistance, trendline & retest and breakouts in your trading strategy. This will help you build a powerful system which will never make you look stupid when you loose a trade. Combination of these price action techniques does nor requires you to plot them all and trade base on signal of trendline break or any support or resistance break.

Take a look at the price action chart below & that is how market structure works.

Have you ever wonder about logic in your price action like what I've mentioned in the chart above

Do you think that a trade is never far away when you follow simple basic rules and not get driven by emotions that happens daily on market. Risk on or off. Price go here and there to finally trend or reverse.

More on that in coming weeks and months. Do stay subscribed & watch Price Action techniques that will totally change the way you trade.

Supply Zones for pound ahead of Brexit

I just go through the pound dollar chart as part of my weekend routine and find out the reason why we should remain short on pound dollar with high reward and small risk. Shorting around 1.3081 is very good area. Even If price fall from the weekend close, there is still a possibility that price would find support around 1.2780 area & then retest the 1.3060-80 zone & shorting there with stops around 1.3115 & target 1.2500 & 1.2210.

Price Action Strategy is best Forex Trading Strategy

As I have mentioned earlier in all my blog posts that I avoid using any indicator in my charts and rely heavily on monthly, weekly & daily price action supply and demand zones & that chart of gbp/usd explain the reason of why I should stick on the plan of using zones & be successful in my Forex Trading Career.

Comex Gold is approaching crucial level

Gold Trading is most profitable when it comes to trading Commodities & I always prefers Trading Gold instead of currencies as we cannot keep gold away from moving whether Risk off or on. Gold Future is on the sidelines for quite a while moving between 1496 & 1481 level & I'm expecting another hold of the level by bears and will target the retest of 1481 level and breach there would be the target 1469 . I would keep you updated on the trade. Chart has already been posted as I have taken a scalp trading opportunity in Gold future .

Bitcoin Price Prediction and cryptocurrency news that will drive the price of Bitcoin

I would like to alert my Blog readers about the advancement in price of bitcoin. Bitcoin is always in news & U.S is planning to launch bitcoin futures in the coming months or even weeks. I've planned to add Bitcoin to my portfolio and would adviced every to keep investing bit of money in bitcoin for better returns in future.

I know it is very moving Cryptocurrency but it gives highest returns in the market & it is just a start & I would surely it will give 3 to 4 times return in next six months.

Bitcoin Price Prediction to the expected level of $20k in next six months

Based on weekly and daily price Action supply demand zones, I would like to see a bottom near 7340 area & from there we can see upward pressure.

I've post in my blog around $3300 level that price is about to rise to $12k next quarter & price made a high close to $13200 & From there the ongoing correction is very timid and soon will be reversed & I would recommend buying bitcoin around 7350 levels & then we can stay in the trade with stops around 7319 area.

Price Action patterns in Forex is the only thing you need to practice

Hi, Readers

I would like to draw you attention towards the reality that works in Trading. Watching the patterns below tell us the reason why I'm always in favor of trading naked charts and know how to approach my Trading in the years to come.

Well, trading is more of an art than science. You don't need to learn anything or even you learn several patterns you does need to bring in the logic as price action behavior is fractal and repitative patterns are never seen nor works in trading.

Then what Works in Forex Trading or what are the strategies that works in Forex Trading

Psychologically, you need to be ahead of the market. Sideways market trends usually consume orders both ways. Patterns start with engulf and retests. Random fakeouts, engulfs and S/R flips need to practiced before you spot them in real market.

How to start forex trading as a beginner complete course and analysis

Hi Readers,

In order to be a successful Forex Trading , you must first learn how to start Trading Forex as a beginner, as well as the basic of Forex Trading. You also need to understand what is Forex trading & why it is so profitable of all the stock & future markets around the world.

You also need to understand you strengths in trading & which tools works best in different trading environments

Forex Trading For Beginners

Forex trading is very interesting and moving activity & it can be toughest but easiest way to make money If you know when to trade and which trading environment one should avoid. As a newbie, one should never underestimate the importance of financial education. Newbies do often have very unrealistic expectations for Forex trading market and that is the only reason why they struggle to control their emotions, that is why they struggle to understand and fail to perform consistently .

What is Forex Market

Forex exchange market, also know as FX market, is an over the counter market where world's money and currencies are exchange. Hedge funds, banks, institutional investors, multinationals are the main Liquidity provider in the Forex Market.

Forex traders usually choose different trading styles to trade in forex market. It depends on type of market environment, their trading account, risk management and style they are comfortable with.

Various Trading styles that traders adopt

* Day Trading
* Scalping
* Swing Trading

Lets' discuss in brief the type of trading style

Day trading and scalping are two of the most used and aggressive trading styles. In day trading traders can opt to stay in a trade for a session or two or even few more hours till the day close, if the momentum is carried on from one session to other. On the other side, scalping can be used for few seconds to minutes. Scalping is also the best method if you are looking to scalp for few when there is high impact news is about to hit the market. As day trading and scalping are very short term trading styles, Swing Trading is longer term, where positions can be held for few days to few weeks.

While you use any of the trading style, You use two type of orders i.e Market order & Limit orders . As the word say 'market order', these orders are executed immediately as the execution is instantly and take profit and stop loss are used as enter and exit strategy.

Limit orders are used as day trading or swing trading, brokers allow traders to enter the market at pre-determined ("buy limit " or "sell limit") and these orders are used to traders breakout on upside or downside or even can be used to match your trading style and time frame you use.

As Forex trading is often offered with leverage, potential profits are magnified, along with potential losses. For this reason, it’s important to use stop-loss orders to limit your losses if the market goes against you. One of the best ways to mitigate your risk is to trade with the trend.

How to define trend in Forex

Next important part of trading currencies and Commodities in Forex Market is to define the trend. Trend is usually defined when price prints high and lows. Highs and lows followed by rejection of support and resistance and printing new high & low defines the trend. Usually we have primary trend which is defined on higher time frames like weekly & Monthly & usually trend trading with lower risk can be defined on smaller time frame.

Trend trading from weekly or monthly to h4 & smaller time frame

Chart speaks louder than words. Usually we see rallies followed by attempts to reach the broken levels. It produce high probability trades on smaller time frames like Daily & h4 ..

Forex Trend Trading, fibos & retracement Levels

It is very important for forex beginners to look for setups that offers high reward and are high probability setup. Usually, you need to tick mark few areas before taking a setup.

Take a look at the above Gbp/jpy Chart

We have double bottom & then price have rotation just above the double bottom.

Made new highs consistently

Now price is correcting between 50.0 & 61.8% Fibonacci level.

I would recommend a buy at the level with stops just below the last rotation area which is 130.10

I have pointed out double bottom, strong trend followed by rejection levels and fibonacci with confluence & that is the exact way to approach chart pattern. Although as a supply demand trader we look for zones but in order to make money consistently in forex market you should be able to develop new techniques to take entries that are offering high reward. Usually we have strong DBR (drop base rally on weekly chart which is not mentioned in the chart )

I'll update the chart in couple of days to see how this trade play out

Trend Trading Dilemma for Forex beginner Traders

Its really a trading dilemma for every trader on how to start or approach forex Trading and where to start, which strategy to pick & how much money you need to kick start your trading career. For me, you always need to as simple as you can. Pick a strategy and keep working on it for atleast six months to a year. You'll get all the answer on where to exit & when and when to enter. You trading report will give you all the answers but it does requires lot of patience & hard work . I always recommend swing trading or day trading which keeps you in the trade for 1 to two days is the best way to approach.

Scalping requires lot of mind work and experience as there is lot of noise on shorter time frames and very difficult to define trend in scalping and even for few pips, you requires too much of accuracy to make profit in scalping.

Defining beginner forex Strategy requires logic & practice

There is no point in putting lot of indicators on the chart and look to predict price based on figures based on indicators. One thing you must keep in mind, Indicator follow price. Price is fractal and repeat over a period of time. Try and predict price with Candlestick charts , support resistance strategy conincide with Support resistance, mark zones & also trend defining is very important.

I usually pick weekly and monthly time frame to define trend with RSI, If RSI is above 50 on monthly or even weekly, then I would pick pairs that are trending nicely on h4 and daily and are in good momentum. Then, I always look for confluence, fibos & zones to take my profit & set my stops. Keep things simple and profit follow. I would keep updating the blog with the examples based on description.

Plan to trade non farm payrolls. How to protect your account while trading high impact news like NFP

I would like to share my experience on how I approach non farm payroll & what are the reason behind the high volatility during the news release like Non farm payroll .

As we all now non-farm payroll is the highest impact release on the first Friday of every month. This news tells about the recent grown in U.S employment during the past month & has been the reason why Usd pairs behave strongly if there is strong deviation up or down.

U.S banks and federation policies behave accordingly the release of their employment data and that is the reason why unemployment rate falls from the highs of 8.9& to the lows of 3.6% in the release in May 2019. Since then there is bit of up and down movement notified and not much to speak about.

Unemployment rate in itself signifies and economy deteriorating or expanding as standard of living of people improves if there are less jobless people and that is why Non farm payroll tells us about the recent employment activity and participation rate of people employed in the world's strong economy .

I use to play too much with the data when I first came to know about the impact and have been caught other side of the trade so many times & don't know the reason why I've missing an edge while trading such release. Later, I stop watching any news and start looking at the chart levels of Eur/usd & usd/jpy and their correlation for the past number of days & then take a look at levels for taking a trade & If chart has nothing to do with release I usually avoid trading on such news release as I usually do.

Non Farm payroll and Eur/usd trade

I would closely watch the euro around 1.1045 area, & would like to see the impact and price action when price approach that area. I am surely looking to short euro after the release, no matter what the news tells us & also the reason bear domination on the pair in the past few weeks .

All the rally in euro dollar has been faded and price usually test the news lows even after rallying strongly and that has happened 10 out of 10 times in the past n number of rallies. So, speaking itself about the pair my target for the pair would be 1.0925 and stops around 1.1070 and entry would be around 1.1045. Still I would look at smaller time frames and set of orders after release and usually I am not expecting too much out of the news because even a strong pick up in unemployemnt rate would be temporarily and price will be settled around today's lows .

So, stay tuned for the chart and entry levels half and hour prior to release and don't expect too much rallies up or down before the release tomorrow

Trade Performance for the past month & Update on U.S market delisting Chinese Share & how much it would impact global markets

Hi, Readers ! I would like to update you guys about whats happening around the world, whether it is U.S Chinese Trader war, Brexit or U.S banks decision's impact on global market.

I would like to keep this short & Sweet for a while as I'm running out of time but the move that U.S exchange took on Friday by delisting Chinese shares would really impact highly on upcoming trade war decisons.

But before throwing more light on U.S-China trade war, I would like to show you how we perfom in september. Its last couple of days & I've not decided to step into the market till the new month stars.

This week has lot to offer. Update by Saudis on how much damage was made by strikes on Oil production station on Monday & also the most important Non-farm payroll coming Friday

Price Action Analysis on October 1st 2019

Scalp opportunity on offer on usdjpy

I've spotted an opportunity on usd/jpy, which is a very low risk reward opportunity. Currently price is approaching 108.30 area, which is the defining the current trend in usdjpy & good line of defence for bears & when bulls approach attack this area, bears start to dominate again. I would put my stops just above the next base 108.35 around 108.49 to be exact and my take profit target would be around 107.60 area.

Take a look at the chart

Stop hunting process was repeated and rentry was forced on 108.22

Let's explain the whole process in the easiest way one could. We set up a pole that berakout and make a new high & since the low was confluence of the move and lower low of the range . We saw rejection just below the level and price made a base before retesting it with compression.

Compression is a set of orders which are filled or left unfilled during a move. When it reach the source of the move it usually have maintain a imbalance and price dropped sharply amid supply and demand imbalance.

I've market few important points on the chart below which you should take in notice while taking such trades.

1.

Pole makes a breakout and new higher high

2.

Price breaks the range with a small base and decision point is strong enough & carry momentum to make a new lower low

3.

Whenever we see a drop and a base within a single bullish candle and range bound bearish candle & then drop and retest of the level, tighten your screws and put the stop above the high and let the trade unless we have high impact news is due to release or we see a engulf of flag opposite side of the Price Action

Bank Manipulations trading, Federation Rate Cut & Aud/cad

Hi, Readers

I would like to inform everyone who has taken the trade with me on my last post call.

Aud/cad Closed with the second Target Hit i.e. 0.9015 (Shy few pips )

Check the Trade Recommendation at the bottom of this page here

Let's Discuss more about Institutional Activity to get an idea how banks & hedges funds operates the market.

Of course, in some cases, after news announcements or forced by circumstances, institutional buyers or sellers can enter the market this way,

But it would be a messy trade and their clients would not appreciate it. Yes, sometimes they are forced, sometimes they have no choice, but more often than not, they don't do it.

They need to build a position before.

So, if we see a rapid move, what is it?

It is emotional reaction of the market - it is a sign of crowd. Traders are acting in sync with each other and create a crowd.

More often, rapid move is a result either a short-coverage (move up) or long liquidation (move down). WILL price action continue after rapid movement? Actually, nobody knows that. It will depend on various factors and I would not bet money on it. Traders in whole are driven by linear logics. For example: "we see something volatile, it's a sign of big guys going to one direction". It doesnt' work that way. Big guys try to be ahead of the crowd. But IF there is a continuation of a rapid move AND series of new highs/lows, than probably it can be a sign of a single big player.

Why? Because market continues building in the favor of previous breakout, it often happens when sellers are too weak and can't create enough pressure to drive prices back to previous range.

So, you know already that big guys rarely come to the market and buy all they want. They need to build their positions, sometimes in sideways market, sometimes on moving market. It's called accumulation. The opposite process (when they cover their positions) is called distribution. That's how market mechanics works. For example, if big buyer participates the market Big player accumulates positions, market is temporarily oversold on weak side, it breaks out from the range of accumulation, then rapidly pulls back, levels below are protected, market is bought out and highs are retested.

If later on we see market "leaning" on higher prices, it's a sign of possible imbalance - buyer is in control and if seller will not step in, market will continue renewing highs.

Then you may see pullback again and if market "drills" lower prices, imbalance is possibly disappeared - your opportunity no longer exists.

Take a look at this chart where there was Imbalance which disappears when market breaks the floor again

Chart will be posted by the U.S session, stay tuned

Gold future price Entry on Friday 20th September 2019

I was eyeing that entry on gold future. Price has played out patterns with strong up and down movements but most of the downside movements are followed by consolidation. I've mentioned everything on chart.

Price usually follow patterns and try to find out the value

It will fluctuate from one point to another and look for possible extremes to react. We need to find out where we can minimum the risk. Possible bottom or top is the best way to define the value.

Best way to look out for fakeouts is possible left & right shoulder. This is where we can look for extreme resistances and support.

Taking it further on how banks & institutions trade with Live trade example of usdchf Chart

Hi, Readers !

As I have mentioned in my earlier post here about I'm bearish on Usd/chf trade & taking it from there I'm updating the chart because I think there is more bearish price action to stall on the pair.

Banks often eyes on liquidation and collection of orders from retail traders before pushing the price up and down. Usually they take the help of most important support and resistance & when we see engulf the areas, then we usually need to understand the reason of such price action. Fakeout up or below , mpl levels approach & that is why I've always targeted pairs with most in news & with clearer swings & that is why I've been successful posting charts before they really turned up or down.

Fundamental trading helps only when price Approaches crucial areas of turning

Fundamental or news trading is the easiest way to make money in Forex, but you need to understand the reason why price shifts and how it approach crucial areas before it turned up or down. Scalp here or there usually don't work but if You trade with conviction and practice, then you won't need any other thing but to wait for the release and mark the areas and trade with small stops and get surprised over time with the results.

That is exactly what happened with usd/chf chart . As we all know that Usd/chf & Eur/usd are negatively correlated and ECB policy decision was due to release on Thursday & that is what we all need to see why price shifts momentum on crucial day & due to weekend price found support and now test the broken area of importantce which I marked with brown trendline & will keep an eye on how it approach and I recommend stay shorts with tight stops and I'm sure , we are eyeing another 100-150 pips on the pair.

Stay Tuned for weekend updates !

Updae on 17th September 2019

Aud sell reenter around 0.9084 stop 0.9112

Target 1st 0.9040

Target second 0.9015

How to trade currencies as a supply and demand trader as banks do

Hi, Readers.

I hope you all are enjoying your trading as Usd/cad really giving us more than what we first anticipated & now it turns of the U.S dollars bulls to final lay down.

Let's putting the trade & setups Aside & talk about the potential to grow your trading skills. I've been asked numerous time that How I manage to get that much out of my trading with just 10-15 pips stop & Riding the reversals and continuation of trend.

So, In order to answer this, I would like to reply with just one 'quote' which is experience & know what is happening on the chart. You ever realize trading a 5 minute chart with ticks & getting 10-20 pips in session is what banks do in order to liquidate market.

So, If you don't believe one thing which is how does the market move that much in 'Active' Trading hours. That is what banks and institutions been doing all the time. If they never participate in trading then Market might keep moving in another direction,unless and untill there are opposite orders & this happens everyday.

Now the Question Here Arise is :-

How does banks, institutions, hedge funds & other Financial Institutions trade

That's truly the reason to believe that how does large institutions, banks and other financial institutions trade & Why can't they trade against each other and try to be on top. Let's make one thing clear which is that they trade in one direction & never do participate at once as there are always one at the top & left clues on the chart where it would leave & when there is enough orders to liquidate and re-enter before continuation or reversals.

If you want to know how they do, then bookmark this post & keep looking everyday for next one month to see If there is something of 'Value', you get to know and we should start with a chart of Gbp/nzd & usd/chf today when U.S market close.

First of all, I would look into the Usd/chf Chart, where I will point out three back to back trading opportunity and forth one around these levels from 0.9870 -0.9950 & when this will happen, I would be first one to update the chart. All these opportunities were sell big time, either it was pending sell orders or retest with strong conviction & compression to revisit demand again.

First of all , look at the left shoulder Area, It could be Drop base really after engulf & Could be QM level special when a strong break followed by failed retest Level.

2. Whenever you see failed Retest level look to tighten your screws & always look for approach & lined up trade on any time frame.

3. Most Important point to note here is, It could be a strong historical level turned into Left Should of 'head & shoulder' family where Banks & institutions have pending orders before next move to the source or target.

4. Next level to watch out for is (If it is a Dbr after engulf, low of base level If at all there is a trick played there. Suppose if high or left of the shoulder is way to strong level to approach , If the move after break and retest is very strong, then probably base of that level is test with conviction and a new Flag is created below that level.

5. I would should you all these steps level by level & Surely that study is going to continue for months to come & You should not miss it as couple of months will entirely change the way you trade & way should be trading in the next months & years to come.

Price Action follows a structure of broken & Retest Approach which is a sign of Weakness or strength when Approached

Price Action only tell us who is king & who is dominating the market . Bulls or Bears who have the edge .

No one can ever tell prior to move that who will dominate the market but structure is one good predominant clue of what market is above to do when approach. e.g Price following a structure of broken support and retest in the following chart.

But when last support was broken , banks plays a trick of failed retest and create a panic area which is so called 'Left shoulder' as mark with the blue line.

Market created a random fakeout after testing and failed at previous demand but market does not have enough force to retest the broken level again. So, it create a flag Just below the left should and engulf the drop base rally with conviction which was good enough to look out for opportunity to sell again at the left shoulder.

This structure is the easiest piece of Pie you can ever have. Market found structures failed rallies, Drop base drop & Candlesticks Traps after one another. But only most of them fail but those which works does not move an point or two higher when exactly predicted.

Stay tuned for another Chart Example & probably this one would be a live Trade .

Top down Analysis in Forex. Weekly to h4 . How to draw top magic levels from higher to lower time frames.

Hi, Readers ! Last time I updated my chart with two classic examples of Touch Trades . Now I'm hereby want to show you method that will completely change the way you trade. Exactly, I still wonder why stairing at charts for hours don't bring in the results.

Answer being the Approach. Approach to levels & emotions that you bring in with trading mechanical systems or Intraday Scalping. Somehow, they don't work. Not work for me, atleast !

Let's not waste more time & get back to the real motive of putting this blogpost. I am posting the Gbp/nzd chart below, which tell you the real story behind "Trading Levels". Levels that can be traded from higher to lower time frames. Price do tend to give us clues before approaching such levels and its our responsibility to check the weekly charts once after the close of Trading week.

Points you need to follow here are :-

Strong Weekly momentum Candle that goes through the previous Resistance with strong push.

Failed to carry the momentum & then after few weeks we saw a break below & then price try to get back above the low & rejected and collapse.

Price Return to that level but with the cautious approach.

Look down the DAily & H4 Chart to see the reason.

Price does compressed to the level

Take a look at the Daily & h4 Chart below. This charts give us clues why we are quite sure of the rejection from that level we market on weekly Chart.

Only thing you must keep in mind is to set your stops & see above if there is any area where you can put your stops & Set the targets to the low levels of rejection. It could be Rally base rally on h4 chart to take the profits.

I've marked those zones on the chart which can help you take decision to set your stops and profit targets

Support Resistance Flips are most common way to trap Retail Traders

We can clearly see the h4 chart in which I've market the support/resistance flip before approaching to that weekly zone. One more thing to notice is that prior to visit that flip there was strong sell-off which take carries price to recent lows & then price start with little compression to approach that Area. again

Price Visit the area after the flip but there was still room for rise & that is exactly what happened when price visit the area again. but that approach was unable to push the price through the resistance and price stalls near those levels and I took the entry just around that S/R flip & put the stops just above the h1 supply & still in the trade.

Price Does Everything here.

STrong Sell-off followed by S/R Flip.

visit the Area of importance & clear the demand again & then revisit the area and got rejected.

Update on 08 september 2019

I was just going through the charts for weekly setups and found out the recent Price Action in USD/chf Chart. Price is very hesitate to go pass 0.9900 and every time it goes pass the line, steep fall was seen & this time its no different but this time I expect price to be bit more aggressive to 0.9950 level.

Chart speak louder than words & this usd/chf Chart screaming for sell-off

Sorry for not using the regular MT4 platform as my platform is going through upgrade and don't have access to the platform.

I've market the zone below as demand which for me is still a fakeout of the demand and if this area is not tested again , then I would see only one area of concern, that is 0.9950.

I would like to make you feel comfortable in coming weeks and months by being more eleborative & explain things on charts that will help you trade naked charts & levels & I can promise you that you won't be using any indicators or any other mechanical systems in trading at all.

You must take not of few things :-

Every Price Action is reaction of previous price patterns.

Price don't randomly fake Demand & supply zones

If you see an area which is protected earlier with wicks & then engulfed with force, then You must look to see the areas where you can enter again. It could be level above the recent zone or small base followed by drop.

Price Usually compressed to those zones & pick every demand created there on & finally fall is very strong and you need to be proactive in setting targets and trailing entries.

PRice Action zones in usd/jpy sell stop ordesr around 106.45 l stops around 107.32

Take a brief look at the chart & set pending orders with stops around 106.82

Hi, Readers ! There is an update to the above Trade usd/jpy which I mentioned yesterday. Take your time in reading and understanding why I decide to give a bit more to my recent trade of Usd/jpy. Its totally advised that You extend your risk based on your account equity & be decisive and flexible to your approach in your trading, otherwise this market can react anytime without any due reason.

I would like to update you on my recent setups of usd/jpy which I update yesterday. I still think the trade is of high probability but as we see immense liquidity in Asian session really give bulls an upper hand but rejection near the area of 106.78 is still quite demanding. Are we still over reacting to the recent rise and falls in japanese pairs. e.g Cad/jpy .

Canadian banks does not change in overall benchmark interest rate of 1.75% which strongly push Canadian dollars to recent lows after we make bundle of pips in our usd/cad pair. Take a look at the Chart here. I am still quite reluctant to what I post but the difference in the approach and setup is quite different from yesterday chart. I'm still looking for complete long term position in usd/jpy.

I would enter one more lot around 106.80 area & then put the stops around 107.32 & look to close first lot around 105.70 & let the rest trail around 106.00 area, & see if price would breach the recent lows of 104.45 & then I would target 102.50 area to close my second position.

Decisive approach in trading is only thing we need to watch out for

You all know, I always try to trade with the edge. So, where do I look for price Action is the nearest support and resistance and the approach and reaction towards those areas. Price has already react a lot to the broken support which in this case must be breached but the last reaction and recent price action of h4 candle which has just closed looking quite reluctant even though push is quite strong from the yesterday's close. If that is the case, then why didn't price manage to breach those levels.

Reason NO. 1 > NFP week. We do see usd/jpy pair react quite volatile to the release of Non-Farm-payroll & tomorrow is the day of NFP & direct relation with usd bond yields usd/jpy reaction to nearest support resistance is quite understandable. But why these areas are so strong that price do scare to react. Reason being Retail traders.

Retail traders put stop orders near those areas and price needs to have enough liquidity to take those orders and react. But even last rejection and order accumulation was quite strong to test the previous swing low which is strong rally and series or rejections tell everyone that there are bundle of stop sell orders just above the recent high and after taking out those sell orders. Price will continue to fall & that is the reason I see those orders around 107.20 area.

Price Action do collect lot of sell-buy orders as marked with blue lines & that is the reason why I always think of the reason behind those moves. Not enough liquidity is the first reason that come to my mind or pending release is the another . Ever Price Action area is a reaction of previous action. IF there is no earlier or clues of reaction price won't move and will going in one side & that is the reason why Forex market is one of the best market based on what you can look to adapt and transform your trading skills and be a professional . This really does not happen in stock market at all. Reason being the closing and opening gaps, overreaction to news & unless you are big Tech giants like Apple or Google. You share price will have an edge as compare to other stocks.

Concept of Trend Trading In Forex

I've put my whole hearted effort in spotting opportunities and present it amongst all my readers. In the below Post I would like to explain you the concept of trend trading and how you can spot opportunities like these. These type of opportunities are very high probability ones and if the below demand buckets are filled these rejection goes right to the next demand or supply level vice-e-versa.

Chart of Aud/cad speaks all in itself. Price got rejected. Either it CP'ed (compressed) to the previous broken support or faking out the demand before hitting supply & then travel right way through that demand for new move.

There are few points I would like to point out here which are

1. Price must have some sort of history prior to testing the broken level

2. Price must have pick all the opposite orders or compressed into the zone.

3. One high probability one is that broken support must have become the base specially if it is a strong one like Drop base drop and no panic buying at support.

4. If all the conditions are met and one is missing then you should look for QM level on smaller time frames and those QM's must become probable FTR. I would explain how to spot these type of opportunities in detail in coming days and weeks.

Stay well, trade well . See you on the other side of NFP release and TRade outcome will be updated on Monday.

usd cad Price Action . Price is reacting to old supply and demand zones.

Usd/cad chart posted here. Price action is quite subdued by filling demand buckets and reacting to upper supply zones and then falling very seriously. Previously stated price is tend to resume or are we seeing a big rally to upwards.

My idea is that we should see the approach first to react to 1.3370-80 zone area & then I'll update the post for possible target zone if there is new zone created of demand when it breach the recent high. Then we will possibly see that short term rally is eyeing multi month top & we should only look to trade to long opportunities.

But As I said, Its totally on the approach, when price leave that zone and then reaction to reach to upper supply zone created and that fall is very strong and I would possibly recommend shorting around that zone and then target 1.3210 area with stops around 1.3410 area. Offering very good Risk to Reward opportunity in sight.

Usd/cad supply and demand zones clearly marked on the chart

Update on 03rd September 2019

Look at the Chart Above & below. Aren't they same. IS the price Action clues of rejection from true FTR of the Flag.

There is still room for more rejection & I would surely update the chart in real time, when that opportunity arrives. Stay Short Usd/cad

Is this market really fundamentally driven ?

I've seen market takes turn based on what big players are focusing. Federation and Trump & OPEC, people with big guns turns the market at will. How long is it going to stay or is it going to stay like it is ?

Can we see banks following the market & turning the table with strong rate cuts & Show off their economies the right way. Well ! New zealand bank did exactly the same way and that was the best volatility for New zealand pair and Crude oil inventories as that create panic amongst central banks of global slowdown.

Same can be expected from Bank of Canada.

Market is not expecting any rate cut at this time of the year but this market is full of surprises and this will be the another one and we could usd/cad take lead and rest follows as well. I'll surely keep an eye on that as this for me is the biggest event of the week after what KIwi banks did.

Brexit deal, sterling & trading levels

Brexit deal or NO-deal is currently on the cards sooner or later and that is the reason why sterling is so much range bound ahead of any news coming out of camp & also we see strong movement but in range and as everyone is expecting pound to recover, I don't agree with anyone specifically on the short term, as I see big orders around again at 1.2220 area & I would surely look to ride that area.

Usd Bears seems to be returning the market again this weekend l Eyening crucial test of 0.9810 of USD/Chf

Hi Readers,

I hope you guys have heard of stop hunting process and lack of momentum and fundamentals drive the price back to previous broken support resistance area and expect to hunt for stops both up and down. That is exactly the case for USD/chf as I've seen. I am looking to short usd/chf here with stops around 0.9830 to see if there are still some fuel left in the tank to push the price up in the range and take the momentum from there on.

This week is very quite as far as currencies is concerned except pound is getting a strong run in past three days . This could be a relief rally and one should again be ready to see if there are players around to push it again towards the multi-year support around 1.1950. That is way far from where the price is right now. But this is the moment if you want to bag big profits in currency trading. I'll keep you guys updated on gbp/usd next week.

Price in USD/chf is expecting a u turn again around the current levels

Chart explains it all. I often believe that if price is taking out previous strong bases with authority, then It is time to turn the paddles again when price return to the origin of previous. USD/chf is the doing exactly same. WE break below strong support and we clearly sees decision made to move lower but Now there is a need of liquidation of collection of earlier pending orders and we can see stops around 0.9830 and target 0.9710 area once again.

Short term Trade Idea & GUide to Scalping with good Risk Reward

It has been quite a while since I've updated the blog but the situation requires me to wait for war to finish and lot of things happening around like 'Brexit, China-U.S trade war, Euro zone bank decision etc. So, I decided to wait on sidelines after trading usd/chf last week. It was one hell of a trade which fetch very good risk reward and trade was spot on after there was news that turn the market on its heels, when Trump warn China that if there is a deal, then this is the time and again opposing 10% tariff on $300 billion of goods & market react shockingly specially USD bears & crude oil & all other commodities.

That seems to be a order of the day with such rumors coming out of every corner & market react and collapse in one trading session & recovers in other. So, we are now not relying on economies but on one economy and truth is one INdividual .

Lets talk about chart. My chart of the DAy is Aus/Usd

Price has left so many clues around. IT will collapse once again around 0.6870-90 area. I would post chart and video once again when ready and will explain it one by one that why I take decisions based on my values not based on how market react to news. Price will rise and fall and then again rise and rise but we need to look out for areas where we can stop and reverse the trade. I'm a prolific seller & hardly buy in the market except when I'm given an opportunity with low risk swaping zone to buy with a good trend otherwise 90% of the time I'm handling my trading with sell trades.

More on that on coming weeks and months as I'have decided to kick on and start updating the blog on regular basis and look to help everyone the best way I can.