Keep an eye Gold Futures. Eyeing big reversal

I would update the blog with possible reversal about to happen in Gold spot futures which will atleast target 1510 area and only support around 1760 needs to be breached & I would put stops around 1776 area.

I would like to change my idea after seeing such a strong rally in Gold future which has never been witness. This might go to strongest in recent decades, specially after U.S struggling with economy we can see the Dollar sell off continues amid strong stimulus packages issued by U.S government which will surely put lot of pressure on U.S dollar in coming months & It won't stop here & I'm eyeing something really big & We can some strongest packages coming out in a couple of months time.

So far Rally has been so strong that I have changed my decision to look for more strength with the correction rather than reversal. I would advice you all to stay away from shorting Gold at the moment and possible look to buy on dips for a rally towards atleast $2250. If this correction continues to be deep, then probably we will have strong support around $1750 & from there we can look for possible buy for a stop around $1690. First, we need to see strength of the correction and secondly we must see the Support and resistance holding or giving away when this rally continues to be strong or stalled around areas.

Chart & idea will take sometime, but I'm pretty sure that rally has stalled for next few weeks. I've seen so many reversals after strong NFP release & one of the strongest reversals in Gold future happens in 2011 when it topped out around and price was around $1886 when strong NFP numbers surprise the market, but this situation is never ever faced by anyone like the Pandemic and other fears after pandemic, so wait and watch the Price Action unfolds and we will soon see some good areas to buy Gold and get a piece of pie..

Eth address to Contribute
0x46c41E544F9800E47f46f97d7F1eBAC584980E72
0xA510622731d15b7d322E1F5C1cAb290F6269A7A1

Forex Trading without indicators and make it as simple as you Can

We all are facing difficult times and we all need to contribute the best way we can and we should. We should atleast try to give as much as we can, part of your daily meals and cut them 20-30 percent would make a hell lot of difference.

I'm contributing to everyone globally through my blog as a Free trading for one month with trade recommendations & all you need to do is to stay focus and watch every chart with caution and I'll update the chart everyday with quotes and why we should be able to take that trade & what should be our stop and targets.

Also Check :-Get free Litecoin worth $1 & start Trading immediately

Bullish Price Action on all the Gbp crosses on Major Counterparts

I would like to Daw your attention towards the Gbp Crosses as I got tremendous opportunity on couple of trades in Gbp/usd & Gbp/jpy (Almost 400 + Pips)

Chart above is of Gbp/usd, which was the easiest of trade among all the gbp pairs. We have seen some good movement downwards followed by immediately RBR followed by strong momentum fail to Return which is the reason I always marked this potential zones & As a trader you must use strong S/R areas at extreme levels to take a trade or see how price Action unfolds near those areas.

PRice broke through to the upside and posted a new attempt to cross below previous support and then it was highlighted by break of support and retest and yesterday we see an attempt to the previous historical support amid slow price action & look what happen today on the pair.

Same story has happened with gbp/jpy but that trade was far from ever and price is attempting to rise to the level it left bulls apart. Same Rather easy trade for me when I fetched 300 Pips on that pair which was the easiest trade for me for the whole year & I always look around to mark strong zone and wait for Compression and slow movement to the extreme levels of these type of zones.

Much Awaited price Action as I am looking or price to hold around the today high 1.1970 area & possibly slow price action would start to develop amid eur and France Weakness which can be seen in gbp/chf pair or we can wait for Gbp/Usd to move to test broken support 1.2210. Let's wait and watch and wait for blog to be update if this is an opportunity, then perhaps the 1:30 Risk to Reward opportunity can be here any time in Gbp/chf Pair.

I've marked the charts turning points on couple of pairs and now as gbp/chf is building up nice momentum, I would expect price to drop to 1.1770 level or below to confirm the bullish price Action to confirm the trade setup as happened in gbp/jpy and gbp/usd.

Take a look at all the charts as I'll cover the discussion in couple of days time.

Stay Tuned

Forex trading supply and demand with in and out Compression

Forex Trading is just about showing patience to market movements. While you still need to push your mind beyond expectation and never ever target anything prior to actions. Strong movements followed by recoveries and then usually people got trapped with fundamentals and deteriorating market assumptions.

In between there are something happens on the chart & that is what I love about Forex trading with supply and demand. Reason being, never ever assume the next move. Movement should be supportive the price Action & hence should be controlled with Good Risk to Reward. Always take a trade which you can control and has a good logic behind certain movements and targets.

Price usually leave zones to get to another decision points and it won't stop until it gets to its target & following S&p chart is a good example of Institutional and banks movements which is called strong movements followed by recoveries.

First of all, you need to confirm that there is a swap base with current trend change and that area must have been tested and past or history should be aggressive and attempt to Engulf or broke should be strong and once that happen price should leave that zone again with some strong movements but never manage to engulf or test that area .

Once price leave that zone with HH & HL's, then we should target the attempt to that zone with authority & that chart should compressing into the zone with a steep falling trendline and order get picked once price leave such zones market with blue rectangles. I was enjoying the risk reward to 2970 zone and I fetch more than 40 times of my Risk & that is What I always love about playing a waiting game and that is never away with 10 to 20 pips stops and strong targets are really achievable once you know the 'Decision points in Trading'

Price often move from one Decision point to another decision point. Decision point could be engulf of zone or clean break of zone and test with three drives or stacked or in & out compression. I would cover this topic in detail once I get time or with more Live trade examples.

Stay safe and keep spreading love and help everyone around you with the best you can. We need to fight out against this pandemic together.

Forex Trading is all about approach & Risk Reward

HI Readers, I hope everyone is fine in whatever part of the world, you all live. I wish blessings and pray for your well being from almighty.

Trading has been halted everywhere and I was really concerned about world and my health due to ongoing virus outbreak which went to take so many lives & we never expected that to happen as we all keep doing things we should avoided. Anyway I hereby want to draw your attention towards the trading education and recent eur dollar trade that I took yesterday is a prime example of Support resistance Kink & tested with in & out compression.

We all know price move in patterns and it ever found locations before reversals and without cashflow price never move or reverse or even in choppy sessions, I always keep a note of what is happening on shorter time frame.

Chart of Eur dollar is a very good example & even a average supply and demand trader can fetch some good pips ( +65) to be exact that I took.

Price Action is never random and that is why I always warn price Action trader to keep looking for support and resistance fakey zones before moving to strong trendline resistance support trades. You just need good reward to risk. My Risk in that trade was only 12 pips & rewards is already 5 times of the risk & that is what we should always focus and if you do have a couple of losses then a single trade can help you make out and never force you trade for the whole week or even month .

I hope it helps you all & in case you need any further help, then please contact me with you email & preferred way of contacting. I would reply each and everyone the best way I can.

Cheers & stay well.

Update on 18th April 2020

Euro dollar Price Action on 1 Minute Chart

I always use the price action as Random on any time frame. Prime example is Euro Dollar trade that I took today on 1 minute chart, which fetch me 70 pips with 2 pips stops. I use ECN broker, So I don't have to worry about spread at all. 2 standard lots and I don't have to trade for next couple of months & that is the beauty of having patience and also opt for best of the setups that always offer you 10-20 times of Reward to risk and this time it was exactly 35 times of the Risk I plan to take.

Crude Oil is facing the headwinds amid Cornovirus as Global Demand at the all time low.

First of all, I would like to offer prayers for everyone fighting with outbreak of Cornovirus. Countries like Italy & USA facing worst hits in the days and weeks to come. I hope things get settled as we totally depends on nature to help us to get out of this crisis. Ofcourse, we have power and will to fight anything as we have done so far & I'm sure there would be help coming out of heavens to help us recover and stay healthy.

As I mentioned in my last post of Crude oil futures, where I wrote about the target of Crude oil around $26 a barrel, but as we get to the target too early than I first anticipated or expect, But now as things are getting pretty ugly globally, I don't expect there would be any demand of Crude Oil inventories for the next few months and we will see lowest crude oil price in the months to come.

Trump seems to fuel the Crude market with comments that He will try and set conflicts between OPEC & Russia, but soon comment from Russian camp came through where we witness that Russia is in no mood to favor any alliance with OPEC & favor Production Cut. Product Cut ? Seriously ! Manufacturing units are shutting due to cornovirus & World's Tourism is getting a hit as Borders getting closed.

Pound is approaching crucial support zone . Buy Stops will be triggered around 1.2705 to target 1.3233 zone

Price has been very subdued followed by strong rallies in great pound and it is the only pair which has not pick up any momentum, no matter what the situation might. Rate cut hopes are in the air after Fed cut its deposit rate by 0.50 bps & Now people are expecting BOE to act . Carney will speak on future action tomorrow but I don't care as I watch only my charts and trading levels to be traded.

I would surely recommend trading at 1.2710-15 zone with stops just below the last rejection candle out of the zone as bullish dozi which is around 1.2669 level. If you really like to know the reward of the trade, then it would target the upper part of zone around 1.3250 zone and may be higher because according to elliott wave analysis final leg of wave c of 2 is on the way & it will target higher levels in coming months and years. So, all in all a very good risk to reward opportunity if you are position trader.

Misconception about Price Action . Where you should look for Price Action in Trading

IN this post, I would like to guide you through the price Action technique, which is hard to find anywhere. It is just the way I approach price action and flag & how I look for best risk reward and rate the overall success of taking a trading which is more than 90% . Take a look at the chart below. There is a strong level that has been seen collection of orders up and down. Price has already maintain a fakeout zone market with black line on the left side. Now as price is approaching the level again, we have seen a compression & now as we see more PA unfold ahead of the price approaching the fakeout zone we will witness more volitality and final rejection would been around 143.70 level.

Download my Supply and demand Strategy e-book on Crude Oil Futures download here

I have already show the example chart above why I look for most respect price action zone & approach is to the level. Price is about sequence of puzzles and a combination of Action & reaction and Now, Finally we will witness the final reaction to the level. Stops could be place 15-20 pips above the zone which is already capped with a fakeout.

Australian dollar trading Retails sales & Trade Balance Data

Australian banks is due to release Retail sales & Trade balance data on 6th February and recently there would be surely a setback on retail sales amid global slowdown and conditions in China (Australia's biggest trading partner)

IF there is a shortfall of trade balance, then there would be sales effecting it, specially automobile sector due to global slowdown . I would surely keep an eye on high price approach to 0.6800, strong resistance and psychological barrier.

Trade plan should be wait for the retest of 0.6800 & short it there & then look to set stops around 0.6825 and target 0.6730 as your first target and trail your entry for second target 0.6680.

How to trade Double Marbozu in Forex. Rush Through Crucial Supply and demand levels.

I have just exit my crude shorts around 53.50 levels & what a journey it was. Those who did not check my earlier post on how I manage to pick top of Crude oil, please Check the post here. Crude Oil Reversal

In this Article, I would point out few important patterns in Candlesticks against the trend, that giveaway to complete or short term reversals. Usually, they are trapped levels to trapped traders in opposite. directions and when they occurs or revisit, there are definitely rejection for short term or even on long term. You need to real the top down analysis i.e Chart from pattern occurence to the the lowest level which show some hints of price getting compressed or retesting with Fakeouts.

Why every Candlesticks pattern is used to trap market

This probably would be a hardest of statement to digest. Every Candlesticks patterns does not work, but yes, Reversal patterns are more likely to rely on but not immediately after they occur. But after the occurence & When and how much price reverses after the pattern occurs.

*Also Read :- How I manage to pick the exact top in WTI Crude oil

Strong follow throughs after pattern occured, are the one to mark & this is the first thing you need to note down, when planning any trade opportunity. Then you should mark the level with nearest support or resistance which give away to strongest rise or even decline. That is the reason why I don't bother testing charts every day in and out, but rely on pattern occur & they watch out the price action next following days.

Silver Future is a good hint of pattern occurence & reversal and retest failure