Tuesday, May 12, 2015

Currency Trading Level by level and Few trades updates

Correlation in trading and Levels of Forex Trading Hi, Recently I have post few articles on few forex sites about currency correlation and what is level by level trading. I thought of only one thing while thinking of Correlation is that its all about global demand and when few pairs are strongly correlated then they move in tendum.

By moving synchronizing I mean to say is that Long term trends as Aussie and Loonie (Canadian Dollar), are strongly correlated as they are driven by global risk and if global economies are growing then demand of both the currencies are strong and vice-versa.

I don't really trade correlations or hedge both of them if they went against each other on a given day or a given week or month. But still we have to be sure what we are doing in trading because It is not recommend anywhere unless you are vastly experience and have good solid confirmations in the past the doing such acts can really bring money in long run.

So, Lets talk about trades updates and I have really got one strongly going my way but due to some busy schedule I get in late but still it was good enough when you are looking for direction and pairs went here and there looking for buyers and sellers. In the meantime One currency which was in strong demand that was Sterling and when there are strong swings and clear path sterling really moves a lot in a given day.

Parliamentary elections and BOE rate decisions and Hawkish comments really put a lot of steam behind the current sterling movement and my currently pick of gbp/jpy is the result of such strong pound movements across the board.

Gbp/jpy Trade Update.





As You have seen in the chart that all the move from low to high are completely synchronized level by level and when you have such clear swings telling you so many things than moves that test previous zone while compressing then there are lot of hints come together when you saw sudden spikes and no such great sell-off.



Recent, Move was a great example of Imbalance and when you trade according to you what market makers are eyeing then You must do one thing and that is look for Imbalance and that should not disappear and Every liquidation break in such strong breaks are often bought with strong demand.

Friday, May 01, 2015

Trade Update Usd/jpy

Usd/jpy usd 30 year bonds










Hi Traders,

Why I always love trading currencies than stock or future trading, because currency trading is the best way to predict the predetermined moves to levels as it is very easy to  spot  increasing demand.

Same rules are used to spot absorbing supply but there are different way we can use How price accumulate and How it is distributed. I will cover those two methods in my posts in coming days and weeks.

Chart that I have posted above is a perfect example of Rising demand  as we have witness some weak rally to demand  as Price use to Compress twice while it test the demand level and most importantly the spikes out of that demand area after few attempts at supply fail.

 Price not willing to fall as downside rally unfold

Demand levels usdjpy april 2015







As  you see in the chart that downside rally are slow to unfold and upside rally are more powerful and also price rise most often when it test the area and last spike from that areas was the most powerful and price really carry that spike to break above the supply area. Giving us lot of Intraday opportunities to go long as price establish new demand areas below that last spike.



Wednesday, April 29, 2015

Trading is all about remain conscious

Trade Consciousness

Trading is all about remaining conscious and really to dig in when that opportunity arrive and that is what Supply and Demand is all about, as it always gives you opportunity to think ahead of the market.

Thinking too far ahead really put a lot of burden on you mind and hence shifting timeframes could be issue for you, But remain focus and calm and checking what Price is doing on different time frames really helps us to pick some food to remain alive and when opportunity offers you to bag bigger then we always have the privilege.

Trade Update Eur/cad



As It is cleared in the chart that price activity after rejection of demand and supply, and reaction after broke the area and initial activity was slow and follow up moves were strong and finally today when European session begins price rise with wicks and absorbing all supply and after that there was strong bull candle which test supply and it was the area to take 50 pips profits and sum up the day.

I have certainly spotted up buying to start off the day in Eur/Cad, specially the day when lot is expected from Fed to deliver but as it happened in the past there is not much coming through. But still I would be looking to see if the new demand area is again tested on day and if imbalance is still present in the market I would certainly step in and bag few more.

Friday, April 17, 2015

Canadian Dollar Trade l Consumed demand levels

How to trade supply and demand and compression
 







Hi traders,

How's it going ! Its quite a while since I have update the blog, the reason being the busy schedule, but I always try my best to give you what you want and a simple but logical way to trade.

We have seen so many things in the past few weeks, but as being a supply and demand follower I was eyeing Usd/cad Particularly.

The reason behind this setup was price behavior and its constant behavior to levels after several tests and we witness strong demand off the levels, and strong Engulfs are big reason to admit that price is not willing to fall. But If you see after several tests price was capped in a zone and when we see the last rally, to the capped area it was bit shaky and buyers hesitated to bring the price up.

But as we all know price need strong reason to move and Price is Fractal and when nothing happens and at some stage when supply and demand became equal someone has to drive the price and that strong bearish Candle was the reason behind such intention.


Monday, April 06, 2015

Trade Update Comex Gold that gained 2%


How to trade Comex Gold


 
As a Forex Trader, One should not always look for trading opportunities , because as stock market there are not too many choppy sessions in Currencies. There are days of extreme volitility and there are days of average movement, but we have to be conscious enough to take the opportunity when it arrives.

So, what does that mean when opportunity arrives, with that I mean when market moves volatile, one does not get the opportunity, then one should lined up the charts that breaks from earlier accumulation zone.

For me, its always been neutral days that comes up with the opportunity and recent movement in Gold , is one prime example of such opportunity.

As market was waiting to break and there were not too many strong sellers involved even price was bearish prior to breakout but when market does break that level, there was conscious effort of holding the price above that breakout and that is with a neutral buying day.

Market also built a minor development area and keep rising from that level, So where does the opportunities lies in this market, and why we should keep waiting for market to test that area again in next couple of days.

Market has to test the area to check whether that area hold any supply and if market has no supply to hold the price here, then probably it will keep rising as it happened in this case.
Read more at http://fxconfidence.blogspot.com/2015/04/things-that-works-for-forex-trader.html#KvE1206FzwIAiKdr.99

Thursday, April 02, 2015

The PSID momentum train continues!



How to trade stocks

PSID got off to a very strong start this morning as it surged to a high of .0275 per share for an 18 percent gain from yesterday’s closing price!

This is now PSID’s 3rd consecutive session of increasing activity, trading over 5M shares so far this morning alone, breaking well past its 3 Month Average Volume of just over 2.9M shares, and with more than half the day’s session still left to go!

As you recall in the alert I sent out yesterday I believed that PSID could see another big move in the sessions ahead if this momentum continues to carry, and today’s trading session got off to a massive start, as PSID raced out of the gates for a huge early morning gain.

Since then PSID has found support just about .0245 per share, and looks to be building a new base, potentially setting up for what could be another leg-up the charts in the sessions ahead!

If this momentum continues to build as it has over the last 3 trading sessions, PSID could be challenging old highs in no time!

PSID Issues Breaking News:

Just this morning, PSID announced that it has successfully completed additional testing of its phase II Firefly Dx prototype handheld, real-time PCR pathogen detection system, and detected multiple organisms with a multiplex assay designed to simultaneously test for up to four pathogens on the Firefly Dx PCR chip.

Chairman and CEO of PSID, William J. Caragol states, “The ability to quickly test for multiple organisms from a single sample and identify the cause of symptoms in a patient without having to run several tests, we believe, will not only save time and money in clinical situations, but more importantly will improve treatment and outcomes. We are very proud of our continued progress and validation of our technology and design."

The company continues to make strides in the development of its Firefly Dx product and as it reaches more and more milestones in its progress, PSID could continue to see a significant boost upward.

I am urging members to keep a close eye on PSID over the next week, and I’ll be sure to keep you up to date with any more breaking news as it becomes available!

Happy Trading,

 
 

Wednesday, April 01, 2015

Things that works for a forex trader

Gold trading
Market that works for a Forex Trader Its been quite week so far, understandably because market needs a break from strong volatile days and also there is big release coming this Friday.

But Idea of this article is not that what is coming and lying ahead, idea is to always remain within yourself and Picking up the markets that work for you.

As a Forex Trader, One should not always look for trading opportunities , because as stock market there are not too many choppy sessions in Currencies. There are days of extreme volitality and there are days of average movement, but we have to be conscious enough to take the opportunity when it arrives.

So, what does that mean when opportunity arrives, with that I mean when market moves volatile, one does not get the opportunity, then one should lined up the charts that breaks from earlier accumulation zone.

For me, its always been neutral days that comes up with the opportunity and recent movement in Gold , is one prime example of such opportunity.

As market was waiting to break and there were not too many strong sellers involved even price was bearish prior to breakout but when market does break that level, there was conscious effort of holding the price above that breakout and that is with a neutral buying day.

Market also built a minor development area and keep rising from that level, So where does the opportunities lies in this market, and why we should keep waiting for market to test that area again in next couple of days.

Market has to test the area to check whether that area hold any supply and if market has no supply to hold the price here, then probably it will keep rising as it happened in this case.

Friday, March 27, 2015

Importanace of Reading Overall Price action

Candlesticks Importance In predicting Trend Hi,

I have again turned up with some good learning of Currency trading process. This time I would not only talk about how important it is to understand the price action but also on relative Importance of Particular Candlesticks Patterns.

Price Action techniques have changed and will keep improving with time. But "context" will remain the same and with context I mean the way "Institutions" enter the market and sell and buy with predetermined approach.

So Candlesticks price action usually works the other way because last session close on break of high could possibly lead to strong selling in next session .

But this is not importance because ranges are often followed by trend specially If background is pretty clear and By background I means strong money dominating before could be sign of exhaustion of trend when any Pullback entry is offered.

It entirely depends on the consciousness and approach and when we have such approach that we can identify where strong money is trying to push the price, the become lot easier but it does not mean that we should not give respect to market if it turns and always look to get out early if things went wrong immediately.

Lets taken an example of Possible Correctional bottom



Traders have setup their mind after strong trends possibly one like that an pullback entry is waiting after small ranges but when these ranges breakouts faded out with strong candle above the range then we should look for New lows and effort after new lows.

There are no Sticky rules for selling and buying and that is what happened in this chart.

We have seen Price always jumped of from New highs and new lows and that can happened to this chart as well as prior trend is quite strong.

But when enter with logic then there are better chances that we succeed rather than blindly enter on breakout in strong trends which does not make logic.

Looking forward for some more examples

Monday, March 23, 2015

Trade Idea Retracement Might be completed in Aud/jpy

Retracement Signals in Forex

Aud/jpy Daily and Hourly charts updated



Hi, Traders

Trading activity is very volatile and it is very difficult in volatile conditions to get a proper entry as there is risk of hitting of stops both ways

There is greater risk of whispaw when there is lot going throughout the world and recent activity in Japanese crosses is prime example of market is in two minds.

Let's see the daily chart of Aud/jpy


This chart explains a accumulation after strong fall and it is also strong weekly support and when we have such large sideways movement in strong trend then we might think twice before going long again

While you still look for pullback and think of taking "Retracement Signal",then probably you look to rely on strong demand and supply areas on larger time-frames

Strategy and Market consciousness are two factors that pick the differences between good and bad trader but even simple things can help you pick strong entries which have logic rather than looking to enter every retracement as there is no chance we can go long or short with few candlesticks behavior untill we sort over trades with other methods.

Wednesday, March 18, 2015

usd/jpy Levels daily before FOMC Statement

Usd/jpy Currency Pairs update



Hi Traders,
Its quite a while since I have updated the blog but there were limited opportunities available after the release of NFP statement, Here is the usd/jpy chart ahead of FOMC release of the February Metting minutes and I am closely watching the levels and would like to trade any rejection or breach of high as volitality is very low at extremes and that is a big sign of breakout.

Monday, March 09, 2015

How we can pick Penny socks

Penny stock opportunities

PSP Free Members,
As A Reminder Our New Pick For Monday Is: NWTR!
News of a Major Purchase Agreement to receive an exclusive license for a Patented Extraction Process got traders extremely excited about NWTR last week.

The first 2 trading days in March were quite active for our new pick, with a 40 Percent gain and volume exceeding six figures.

But this could be just the beginning...

I believe this .10 cent oil pick is about to see a repeat rally in the short-term on BIG news.

With some profit taking and a closing price under 10 cents on Friday we could potentially see a repeat of double digit gains in the short-term, with tech analysis from Barchart issuing a BUY-recommendation.

New Western Energy is engaged in the acquisition, exploration, development, and production of oil, gas, and mineral properties in the United States.

NWTR closed in the last session at just under 10-cents and now looks to be setting up for a potential reversal that could result in another breakout run to the upside very soon.

Since this past December, NWTR has made significant strides to strengthen its position moving into 2015.

More recently, on February 23rd, NWTR announced that it has acquired access to a revolutionary patent to a cutting edge metals extraction process, which allows for the zero waste recovery of high-grade titanium dioxide as well as other high value elements.

An increasingly important source of lightweight materials, the market for titanium dioxide market represents a more than $13-billion-market. The timing of this acquisition by NWTR could prove to be very lucrative.

This latest patent acquisition could prove to be a potentially huge milestone for the company and potentially add significant long-term value for NWTR.

I am urging all members to begin your research on NWTR right away, and especially before Monday’s trading session, as NWTR appears to be extremely undervalued at current levels, and looks poised for a major move this week.

-James
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ NEW PICK

New Western Energy Corp.
NWTR
NWTR Chart
Currently Trading: .095

About New Western Energy Corporation
Founded in 2008 and headquartered in Irvine, California, New Western Energy Corporation engages in the acquisition, exploration, and development of oil, gas, and mineral properties in the United States. It holds interests in various properties located in Oklahoma, Kansas, Texas, and Pennsylvania.

On December 23, 2014, NWTR announced that it has signed and closed a definitive agreement on the majority control in a newly formed subsidiary jointly owned with Forward Energy LLC of Montana named NEW Forward Energy LLC.

The new subsidiary includes all rights, title and interest in and to Forward Energy LLC’s current and future oil and gas wells, leases, which are located in the counties of Yellowstone, Golden Valley, Treasure, Musselshell and surrounding counties of the Crooked Creek Field within South Central Montana, and designated completion equipment license and perpetuity rights.

NWTR Signs Agreement to Receive Exclusive License to a Patent Developed for the Extraction of Minerals From Mining Tailings in U.S.
On February 24, 2015 NWTR announced that it has signed a Securities Purchase Agreement with Fodere Titanium Limited, a U.K. based company that holds the exclusive worldwide rights to extraction technologies designed in conjunction with a prominent English university that allow for the zero waste recovery of high-grade titanium dioxide (TiO2), high-purity vanadium (V), high carbon steel and other high-value elements from either tailings stockpiles or direct mineral deposits.

The FODERE process, which was developed by the School of Chemical and Process Engineering at a world renowned English Engineering University allows extraction with significant yield of low-grade titanium from tailings and ores. Currently, this is not feasible by the two other existing extraction methods available in the market.

FODERE has exclusive rights to this proprietary process for the development of commercial operations worldwide subject to certain financial and experimental obligations over the next couple of years.

NWTR Technical Indicators:

Closing in the last session at just under 0.10 per share, NWTR is once again trading just above its 0.087 per share support levels and could be presenting a strong opportunity to maximize any potential gains moving forward.

Well below its 52 Week High of 0.90 per share, NWTR is showing significant upside potential and the technical charts continue to show bullish trends developing in the near term and beyond.

Barchart currently holds a buy-recommendation with numerous short, medium and long-term indicators.

I can’t overstate the significance of NWTR’s recent purchase agreement with Fodere Titanium Ltd. The opportunity is absolutely staggering.

According to a recent report by Transparency Market Research, the global titanium dioxide market was valued at 13.4Bn in 2013 and is anticipated to reach $17.12Bn by 2020, expanding at a CAGR of 3.8-percent from 2014 to 2020.

Still, with the recent addition of oil properties in South Central Montana and the long-term value proposition that entry into the titanium dioxide market represents, NWTR is showing incredible upside potential well beyond the near term.

I’m urging all members to begin your research right away and lets be ready for NWTR on Monday! Happy Trading

Saturday, February 28, 2015

Points a Trader needs to know before Start trading

Strengths of a Scalper or Day Trader Hi Traders,
As it is cleared from the name that here I want to clear few points that will ease the pressure of a new trader who want to scalp day in and day out for a small profit and keep growing its account till it reach the point traders can afford to take more risks or take a portion out of their account.

Basic things we need to know is what are our strengths and Being selective is one thing that a traders must have because there is no point in trading a single currency or couple of currency and sticking to that pair for days when it going sideways because it will keep you away from some excellent opportunities in other crosses.

So, the point is being selective in approach and keeping yourself busy and atleast look to trade all the Major currencies if you don't want to consider trading exotic currencies.

Keeping Approach as simple as you can



Now, the question arises that what approach should we use. As you all know I am not a big fan of Indicators or using too many trendlines or trusting any other mechanical systems as For me they are useless.

When you trade, you need to be emotionally fit. Trading is about taking the right decisions at the right time.

And you know that when you desperately need money, you are not going to make the right decisions at right time because you might be thinking of winners all the time and losses will drive you with emotions to make up for that loss and earn more to always stay in profit.

You are just going to make decisions based on your most recent needs, not on your long term interests. You might get lucky at the beginning, make a few bucks here and there, but as I said, at the end, trading is about taking the right decisions.

No point in using various trading system because It will never let you decide what you strengths are and you chose one system for a while and then test it and if You don't get results use another system.

There is no harm in trying out strategies but only one at a time and When you find a strategy or system then You should stick to a plan and find out the market conditions that suitable for such systems and what are the basic plans you must follow and what are the market conditions that you need to avoid to avoid entries.

Even today, after all those years of experience, when I get in front of those charts, I still dont know what the heck they are going to do (I only trade based on probabilities).

So let me tell you something, if you are new to trading, and you are here because you think trading is easy… stop reading this, and think about it twice.

If you are going to keep trading, you need to know that you need to work hard, you’ll need to practice and only with experience you will get results. But its not easy and it will take some time before you get there.

Are you prepared to take that?

If you are an experienced trader, and you still think trading is easy, stop reading this, closed all your opened trades, and forget about trading forever.

Yep, you heard me, forever!

I’m just trying to make this faster for you…

Ok, if you are reading this, means that you understand that trading is not easy… good for you!

It’s going to save you a lot of money and time

Wednesday, February 25, 2015

Forex Trading for beginners Signal service Or Manual Trading

Forex Signal Service

Hi Traders, Its quite a while since I have updated the blog but I always prefer in quality rather than quality to keep people updated and I have decided that From Now on I would update Eur/Usd chart twice in a week on daily and Hourly chart and that would be totally free and you just need to subscribe to the blog.

I have been asked so many times that why did not I start signal service, But my reply to all them who asked me for personal Mentorship or signal service would be "No". I always try and maintain a quality and keep things straight and simple as It is in really life and Trading is no different from Life as there is always discipline and patience to growing profit and confidence. As far as signal service is concerned, I never got to believe that If there is any benefit of Signals or If service provide is that good then why don't they just keep trading themselves and why they charge others while they are so good and that is why It is for me always a waste of time.

Forex One to One Mentorship


As far as Personal guidance is concerned, I don't think I have taken something hidden which I have not posted and Not been able to clear each and every point that is right in my knowledge and those who still want videos then Please subscribe to You tube channel to keep things more clarified. That is all I would like to mention to those who want to spend their hard earned money on learning something which is totally free and there is nothing that can be taught elsewhere because only thing that matters is you approach and If you are willing to succeed and Have right approach and Know your strengths then You are sure to succeed no matter how much time it takes you to finally get your niche.

Few Trade Setups


Wednesday, February 18, 2015

Price Action Buying and selling Countertrend moves

Buying and selling Technical Analysis

Lets' have a look at Eur/usd chart first

Hi viewers,

How it is going since I have not posted quite a while as the schedule was very busy in the past few weeks.

Most of the traders would have been aware of what is Rotation center violation which is a good clue of trend changes specially on shorter time frames and when price is going up and down and finally get a direction which is counter-trend but still consider to be strong enough after rejection from a level several times, then this type of movement is called "Rotation Center Violation", and this should be a part of kept in mind that overall larger trend does not matter while trading counter-trend moves on shorter time frames.

As trading supply and demand gives you good reward for your risk and potential is way more than trading higher time frames which requires huge stops but still we might pick up an entry late in Overbought and Oversold or sideways market.

Friday, February 06, 2015

Supply and Demand Concept of Passive Sellers

Sellers activity spotted

Trading is all about opportunities and when you so much favoring in one direction then I don't think you need anything to go with that direction. Same is about the passive sellers concept. It often happens when we have seen trend is strong and Price go once and forth for whole day or even days and then we keep finding the support all the time and this activity is known as "Neutral Day".
Trading is all about buying low and sell high but this does not means that we should keep selling with upside breakout as it is very risky but when we have such strong trend followed by passive behavior by sellers then we should see the overall context about how buyer behave when a particular demand level is tested and that chart which I have posted below is a clear example that market is awaiting big news and small activity can turn to strong candles if it is favored as expected.

It is just an assumption as trading largely depends on large players and how they move the market and we just need to sit and watch the price action and trade accordingly.

Thursday, February 05, 2015

How to Trade Breakouts And Fadeouts in Forex

Forex trading Breakout and Fadeouts Hi Viewers,

As it is clear from the Post Title that this post is about "How to trade breakouts and fadeouts", because its primarily responsibility of a trade to be well versed with all the technical portion of trading and "breakouts" is at the top of the list. As there are lot of reasons that we may or may not trade that breakouts, I would point out few of them that when you should look to trade or when you should leave those breakouts.

Failed Breakout

The first reason that you should avoid trading is failed breakout and then again looking to trade the opposite way where breakout happens. Failed breakouts is that when price breakout through a range where buyers and sellers battle seems to be at equal level and when price break from the range it retreats back to the range and then it is known as failed breakout. The main reason is to look for what is the overall trend and if that breakouts happen within the trend then the length of breakout candle or it is unusual volatility spike. It is know as failed breakout of the range. As I have mention in my last post that if a trend is matured enough and first sell-off offers pullback entries and the range breakout fails on the next candle then it is usually a trap offer by the bulls and One must think about going long as there are several reasons that trend will reverse. For those who did not look at my earlier post must consider to have a look at it here

Volatility Breakouts

Most of the readers of the blog might have been aware of this concept "Volatility Breakouts" which means unusual spikes out of the ranges also know as elongated candles. In this concept price action is very volatile either due to any unexpected event or lot of new cash fund inflows into the market or a single player or institution dominate the market price and It most of the time lacks momentum on next few candles and traders got trap into the range and when one see such unusual elongated candles out of the range then Price can roam around that candle for few session or even days and that type of candles often work as vaccum in the market and lot of sell stop or buy stop orders might be waiting on the top or below of the candles, So we should always avoid trading these type of Strong candles and wait for further price action specially when it happens on higher time frames as it almost impossible to calculate the risk on such strong breakouts.

From time to time I have posted on my blog that what type of breakouts we should consider taking and type of breakout we should avoid but from know on I would post on weekends of possible setups that we should consider taking a trade if or not that breakout might succeed. I would urge all my readers that they subscribe the blog for every updates as they will receive all the updates through mail in to their box.

Tuesday, February 03, 2015

Swing trading -- How to trade mature trrends Or Reversals

Trading reversals Part of swing trading
Hi traders,

Its quite a while since I have posted an example of "How to trade Mature trends", and recent I have manage to give you best example of the lost and that is Usd/cad. Time frame is hourly and trend is very strong and we have seen possible "accumulation",Prior to start of trend. Then we have seen strong Higher highs and then resumption of trend and we can't go short without and strong sell-off or any strong pattern.

Because of the fact whenever an opportunity arrives in strong trend to trade reversal then it comes quickly and gives you no time to enter and we need strong IQ level to spot and trade such reversals and we should not be confused and understand and read the situation pretty well.

As we have seen in the above chart that price has already looking for space to reverse and trade who trade breakouts look for pullback entries in such strong trend look to cover quickly after breakout of the low range. But price always give clues when it is about to reverse and that is what we need to spot. We don't need to complicate trading as we need to sort out few things to trade as I have used RSI to filter where we can that it was in the neutral area and declining and capped by a falling trendline but I only use RSI as filter and all the trade was based on Context which give us final clue when we see a strong bullish Engulfing at the top of the range and failure by couple of dozi candles after that Bullish Pattern.

Friday, January 30, 2015

Define Value in currency trading and How to spot it

Value Trading Hi Viewers, Seems like there is no panic in Aud/jpy bulls and finally they have given up but this does not means that we should short the pair immediately because they can take hold any time and we need to remain active and conscious.

Nevertheless its been a good month so far and We have got weekend and month end together, so need to sumup few good things and time for learning has started once again.Holiday season is now gone and few panics in the currency worlds seems to be clearing up. So during the remaining time of the week and in the next week I would clear help you all to understand what is "Value" and How we trade value and I would clear all the important "Indicators" in determining the value and How we need to spot such opportunities and what is it importance in continuation and pause trends.

So, keep checking the blog from time to time till I update the blog with seem live charts and videos and help you defining the backbone of Price action with some good candles traps and setups.

As I have explained earlier in my blog about the value that value is the most important factor need to be considered in strong trends and rallies to the opposite direction are the biggest traps for fresh longs or new money to be introduced by strong holders. Recent example below is the biggest one for the trend to resume or the shift in Value as We have seen large consolidation followed by trap to the downside. As you see in the chart that there is no strong rallies to the downside and the one that has been was followed by even strong flow or attack by bulls.

You need to notice that after rejection price has move with no hesitation and this often happens with Shift as there are some strong movers that have come in and ready to move the price biggest way and consolidation prior was a strong set of "Accumulation" or example of buying with every rally to the downside.

You might notice that I have used bollinger bands and RSI in this chart which I hardly use in my Price Action strategy, but when it does help you and You use them to sort out the trade and has no hesitation then there you have every reason to use them. As You see in RSI price moved in the overbought conditions as that candle is very strong and moved out of Bollinger upper band when price moved from below and the candles is in itself a large candle and Price has moved out of bollinger upper band We should immediately buy the price with the move as this type of moves move price for atleast on the particular day(on hourly chat) when it happens.

Tuesday, January 27, 2015

How to trade Supply and demand imbalance in Forex

How to trade supply and demand imbalance I have talk about this numerous time on my blog and I would keep you updated wit more examples this month that what is imbalance and we trade it.

Currently we can see usd/chf chart which is very volatile and we are watching it since the last SNB meething and Now I am keeping an eye of 0.8843 area which is very crucial pattern builder on h1 pattern and we see slowly but surely accumulation on that chart time frame and If price fall again and test 0.8840 area and rise, then it is a perfect area to buy and keep holding the price till supply hit the market again and we could see nice profit coming in.

Trading is all about opportunities and how strong money reacting in the market and while we can analyze these type of opportunities then we can make much more than we first had targeted or anticipated. Trading does no harm till the time we are in control of our activities but If you use excess leverage for sake of making up for our losses then you can get away with it few times but most of the time you will face lot of trouble.

I will update the hourly chart if I see the same activity as I have explained in this article and I would really be more than happy to assist and get in to this trade.

Saturday, January 24, 2015

Trade update Aud/jpy

Hi Traders,

 I updated the chart yesterday ie. aud/jpy and in this weekly chart we have seen price is in range after spike of the area price has again coming to test the support and the fact that keep us interesting that earlier we have not seen a strong sell-off and Now I would be watching daily chart for entry . Strong confirmation can come on weekly chart and In order to loss we can trust daily but we need to have momentum and that is meant by strong one. We have already seen close to 180 pips movement from the lows but that has to be a strong momentum candle to close at the day to give us confidence the price has found demand once again.

Update chart of Aud/jpy Weekly Supply and demand levels



Short term profit or Long term curve

Trading short term of Long term plan Hi all I was busy during the past few weeks due to overload of work and trading as the volatility is at 2 years high and all the ranges on weekly and Monthly time frames finally picked up momentum and all the expected crosses turn around at last specially Eur/chf which was expected to rise But due to unexpected decisions taken by Bank and certainly safe heaven demand surges and that is what we always be ready to expect the unexpected in trading.

Article is about choosing long term trading approach or looking for short term profits and keep withdrawing from time to time and never let your account to grow but for me Trading Forex or any stocks market is all about manipulation and higher the approach the maximum the profit would be . Short term profits is a solution for those who can wait patiently day in and day out and look for short term volatility spike or any release that high the market and move the price up and down and traders take their profit from time time.

For me trading is always like any other business which needs your time and when you are consistently bringing profits then every time your equity grows with a fixed sum your profit may rise with that as well and that is how we can work less and earn more than expected. Because day trading can be very frustrated with shorter time frames and momentum changes several time a day so it is very difficult to maintain the consistency. But as you approach changes with time and you look to trade long term and changes your time frames to higher frames and that will automatically gives you benefit as there are not too much noise on higher time frames and even no need of looking price throughout the day and you can just watch the chart at the end of day or week and that will give you less pressure and hence chance of picking cherry trades would be much more than those tired minds which look for setups throughout the day.

So, It is important that mindset should be clear whether you choose long term or short term but maintaining a consistency is much more important as there could be short term trading which means 4 to 5 entries in a week and still growing you equity and targeting long term profits

Update of the Weekly and Daily chart of Aud/jpy would be posted on this page soon. So Keep checking it from time to time.

Tuesday, January 20, 2015

Trading for a living

Hi Traders,

Its quite a while since I have updated the blog on such matters like when we should feel confident that we are able to rely on trading to met our daily needs. So, the answers is simple when you are aware of your risk and gain factor appropriately, and also remain consistent for a definite period of time.

We feel that trading is always a psychological game


We feel that trading is always a psychological game and when we won that battle with our mind and body then we should win whatever preposition or situation we face with the outer world. Trading is the most difficult way of earning money but not the impossible one because we all make profits throughout our trading career and face losses as well but those who are aware of the risk get out of loosing positions earlier than we set a predetermined stops.

I have always try to give my best on this blog to let everybody know that trading can be easy way to earn money in the world even though it is difficult but because the concept is different from other businesses, but still much less burden is here because we should not worry about short term factors when we trade which is always on the mind with shortfall of demand and supply rules .

Sunday, January 18, 2015

Forex Trading Strategies l Beginners Price Action Based On Supply and De...





Hi Traders

SNB finally gives away the idea to protect the floor of Eur/chf and the most important step they took by cutting libor rate and that certainly will effect the currency market globally because Swiss Franc is the safe heaven for  over 5-6 years since the 2008 default.

Now the point here is what we should expect further and I have an idea of most exotic moves to follow in franc crosses and Franc surely will be the most sold currency across the globe after Japanese yen in the months and years to come because no body would like to keep the money in swiss banks . Its just the idea how I approach my trading but the most important factor is technical analysis.

Chart of all the Chf pairs will be posted with the most probable scenarios and I would be waiting for the weekly candles to wind up and see how market behaves as I have already seen demand in usd/chf and gbp/chf prior to swiss bank intervention 2 years ago.

Stay well and keep watching the blog for more updates as I would involve more in currency market since last a year or two because currency market start become more and more volatile and If you remain discipline and patient in the past few years then 2015 would surely be the year to watch for.

Video before  swiss Franc Appreciation

Friday, January 02, 2015

Gbp/chf Updates

Hi,

I will update the blog later while we have wind up all positions of usd/chf longs and eur/cad shorts and looking for the the bias to reverse  in gbp/chf chart.

Update of the chart



Wednesday, December 31, 2014

Best Trades Setups of the Ending Quarter 2014 and Warm Wishes

HI, Traders

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

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

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

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

Trade well and trade safe in the Year 2015.

All my best greeting for you and Your Families.

Tuesday, December 23, 2014

How to trade price action rejection Confirmation on higher timeframes

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

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

Thursday, December 18, 2014

How to spot Behavior of Passive Sellers

Passive Sellers Behaviors In trading

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

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

Clue of Passive sellers

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

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

Thursday, December 04, 2014

Do we see continuation after Correction In gbp/cad

Continuation in gbp/cad after end of correction

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

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

Let's Start from Daily And Weekly Chart.

Demand levels Seen on Daily and Weekly Chart



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

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

Wednesday, December 03, 2014

Paradigm Shift l Value Higher Again SD basics

Value shift Higher again Supply and Demand Basics

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

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

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

Price Action Pattern Explains


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

Does Trading supply and Demand still abstract You

Supply and Demand Still abstract you

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

What Really Price Action Is

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

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

To be continued......

Saturday, November 22, 2014

Role of Candlesticks In Overall Trend Prediction

Candlesticks Patterns and Price Action In Forex Hi Traders,

Its being a busy week overall as We got some real setbacks for Euro Bulls, FOMC Tone was more of the same But ECB President Draghi really seems worried and drag Euro down once again, But thats not important Because I always back my Charts to see overall position of Strong holders who are most likely to drive the price.


Roll of Candlesticks in Overall Trend of Eur/usd chart


It was clear from the example above that most of the time in broader trend we have ranges and direction is not clear but overall bearish trend is good enough to pick entries from smaller time frames. Chart above is hourly chart and we have some ranges since last couple of days and price maintain a support where retail traders look to enter few times and scalp the market for few pips, but those who use careless approach in "Forex Market", then he or she has to pay at some time sooner or later and that was one of those days where strong money dominate and Euro Crash close to 1.10% decline which has not happened since quite a while.


Was strong holders were Driving the price up


Example above truly demonstrates the logic of Currency trading where we can say that IF that breakout to the upside was not result of Panic then why market liquidate immediately and although market react immediately next day but that has to be a part of some event or price usually gravitates to the high but breach of high after few attempts was not possible and hence market needs sometime to react and that reaction come prior to release of a Crucial event and all we need was to wait for breakouts and use logic if that was a pullback entry offered at the top of the range.
Rule of the thumb is never buy at the upside breakout and never sell at the downside breakout but that does not clear the fact that you always look to pick tops and bottoms but overall logic has something to do here where price made few attempts earlier to breach the top and was in sideways market and Overall picture was bearish.

Take a look at Usd/chf Chart which is Negatively Correlated With Euro


Here I have posted a chart of usd/chf which is negatively correlated and that chart I post on "Friday" as well, where I mention Value Migrates immediately and there was no stopping afterwards and If you watch at the bottom that if price was reversing then why it did not move exotically against the overall trend, which is in itself a great clue that market don't want to move away from higher prices and consolidate after every sell off and suddenly we see some buying interest and market try to breakout with early sign of buying which is exactly opposite of the charts I posted above of Eurodollar.

You still think Candlesticks plays any role in predicting the trend.

I am not denying the fact that candlesticks are important and they represents the activity of traders but If you do want to utilize it then use it with the overall picture and Use it on higher time frames where it truly signifies the overall picture and who remain in control for a particular week or day.

Friday, November 21, 2014

Concept of Advertising Mechanism

Strong trend Rejections In Currencies

I hereby make this post to let everybody know How price use to trap traders with Spikes that fadeout and When ever price in strong trends fade away It use to get Rejected by Market and Lower prices are not accepted in any case.
Price Concept is all about "Advertising Mechanism", And When we really want to trade good throughout then we must understand the simple logic and If spike got fade out quickly, we should immediately leave the market and think of better price if there is any pullback offered after spike.
The chart I posted here of Usd/chf in which we have seen that price in very strong trend recently on H4 and Daily chart and On H1 chart which I think is the best way for swing as well as Intraday Traders to set the lowest stops possible, got rejected so many times from the low and When you watch the price closely then You will see that at every low Price founds strong buyers and at this time I will look to see the follow-through and would like to see price try to fade out the Price Action again and Traders got trapped by this behavior and try cover and We will see price got some new buyers and test the new high or even make a new high.

Thursday, November 20, 2014

How to trade Ranges with Momentum Shift

How to trade Ranges IN trading

Momentum Shift in Australian dollar Once Again



I have explained so many times on blog that I always focus on strong trends pullbacks specially when few spikes have been faded and don't have any follow-through. I have created a post On "How to trade Ranges With Shift in Momentum".

In the above Chart I have noticed that price of Australian Dollar is in strong trend followed by Few ranges and then spikes up and down and When most of the time we see this type of behavior in strong Downtrend then Most of the time market hesitates to buy in the "Weak" Market or When they are expecting a favor from banks too earlier than It is scheduled and When they don't get anything they expect price often pick up after breakouts and then after attempt failed it went in range and then again Breakouts often spike and get out of the range to put stops and that is why I have created such posts where we can find out what is happening and what to expect in such crucial time.
I would watching a failure at this area of range for few sessions and then If we again see shift in Momentum, then I would short and advice everybody here to remain in short positions ahead of 0.8675.

Wednesday, November 19, 2014

Forex Price Action l Value migration supply and demand

Gbp/jpy Rise to Multi-year high after Minor correction

Gbp/jpy Rise to Multi-year high after Minor correction

Gbp/jpy Value Migration



As I always mentioned in my blog, Our primary focus should be on strong trends and we should always look for value Migration and Today we have seen such behavior and I would expect price to make a new Multi-year high in the pair Gbp/jpy

When we see strong trend followed by correction then We should always look for pullback only when price has not managed to liquidate too much and when we see spikes in such behavior and pause in trend, then we should always look for Value to migrate higher soon.

Value Migration should be a quick spike and there should not any hesitation in the market and value should keep rising with price.
Idea should always be to remain conscious and wait for such opportunities and keep buying on the day on any pullback as "Strong Money" Will keep buying and keep moving the price higher because it is natural in such strong trends and I have seen strong movement after "Value Migrates" followed by strong demand in Currency Pair.

Saturday, November 15, 2014

Candlesticks Patterns Matching the Context

Candlesticks patterns Failures Offer continuations

Hi, traders.

In this post I’ve decided to emphasis more on Patterns and Overall context, that I use in my own trading, and that may be useful for you as well. In other words, what do we do step by step when we come to the market with the intention to find a good trade location?

We go top-down, from analysis of bigger time-frames to lower time-frames and finally, tick-by-tick action. Of course, our thinking in calm environment, when we do our homework, is different from thinking when we are acting at the «heat of the moment». But prepared trader has more odds of making good decision rather than unprepared one. The only group of traders that can make absolutely no preparation, are pure scalpers. But now there really a few pure successful scalpers in the world – this trading style has become very tough with the popularity of mechanical trading, HFT algorithms.

But what about if we spot Institutional Activity And we find candles that helps us spotting where stops are placed and we get the demand level protected when Price hit that particular area, specially when candles already has trapped traders.

It is very hard to find such setups but failures are in itself a strong clue of what strong buyers or sellers might be eyeing in such scenarios.

Australian Dollar Trade Update

Trade, I took on Friday of Australian dollar is a short example when you need to react when such scenario happen when we have already seen a demand and Price test the area and even strong buyers enter the market.

First of all, we saw a candlesticks trap a failure attempt by sellers when new high is made and then we see "Three Inside Up" Pattern which tells us that strong buyers are still there in the market.

But Often this type of patterns don't succeed but if you see price was accumulating and every down move found buyers few times and then finally when price test the area with another bearish pattern, Demand was stronger than earlier and may continue when market open or even better price would be offer to buy if price test the area again

Friday, November 14, 2014

Patterns spotted in Australian dollar l Intaday Price Action

Buying seeing at low levels

As I have mentioned in my previous post that Forex Trading is all about consciousness and timing and when You don't opt of any Forex Signals site and believe in yourself then such entry will come in routine.

Basic concept of "Market Profile" is to facilitate trading and they will do it with buying at downside moves and when You see such behavior in already "Bullish" trend, then you just need consciousness and timing and that is what "Currency or Stock Trading", is all about.

Are they really buying at low levels

If you closely watch the above mentioned chart then you will see market has breakout from a level and maintained a level above and whenever you see any type of "selling", then buying at low levels again push the price above and last buying was some serious attempt after false breakout of the range to the downside.

Trading is not all about seeing the price to move higher or lower in coming week, month or quarter, trading is about opportunities offered on short or long term and versatile traders know every type of market and they willing to accept what is being offered.

Monday, November 10, 2014

Hourly scalping startegy

How to scalp using hourly chart

I will update the blog with the charts that can be used to Scalp, Using hourly chart and will mention guidelines that are necessary to be taken in mind while using that Strategy accurately.

I have lost access to my server of my broker and that is why I am using online resources to get an idea how we can use hourly chart to scalp and make a living out of "Curreny Trading".

Saturday, November 08, 2014

How to spot reversal in strong trends

Currency Trading Reversals IN Euro Crosses

This post title might look weird to some traders, But Is there anything that can helps us found reversals in Strong bullish Momentum Pairs. Answer is most of the time It does not work and Its not easy as We always being taught that trend is you friend and We should often look for pullback entries in such strong trends.

But what has gone us should come down in any way whether it is long term correction or complete Reversal

Let's take an example

Eur/cad reversal after First Attempt Failed

Chart mentioned here is Eur/cad chart and pair was in strong trend untill first attempt after low fades out and It completely trap traders with a range Breakout with Strong Bullish, at the top of the range. But we does need a clearer view that whether it is reversal, because most of the time price does take time to continue, But here in this chart things are totally different, as price does reverse slowly after this first attempt to continue and the second mentioned candle which test the top of the range and reverse totally. And On daily time frames it does take huge stops to catch a reversal.

But If you count the low of first attempt to reverse the price where low is 1.4257 which is exactly 800 pips difference from the first attempt whose high is about 1.5257. What more interesting is the fact that the second strong attempt from low failed at 1.4257 and that is where current daily supply is lying. Rest of the things have been thoroughly explained on the chart and I would really be more than happy to clear each and every point that is necessary to spot a reversal as I already have.

Forex Price Action Shift in Value

Price Action Reversals and Continuation

HI Traders !

Its been quite a while since I have updated the Education Section of Trading But then I did find any setup even though there was strong movement in Currency Market. As you know, I never rush in to my trade seeing strong up-down movements, As I always back up my strengths and fade-off any quick breakouts when odds don't favor.

Traders usually use Candlesticks to Improve their trading skills, But for me Its not candles, But it is Consciousness and timing that always keep you ahead of Market. As a trader, we need to develop such techniques that always keep you ahead and No Indicator or Oscillator help you in this process, Even though they are helpful when other factors do hint or clue of change in momentum or even when reversal is happening.

Traders should know where Value Shifts Immediately

Most of traders, who watch my blog in Routine, then they are aware of how I use value to see what is happening when market maintain a level and traders went against the strong money. In above mentioned chart Value shifts so many times during the past few days but better is to wait and watch as value breaks out from here again to the upside and trend resume and We can easily get a pullback entry

Thursday, November 06, 2014

Euro reversal Was On the cards

Euro was all set to reverse

When small traders are very optimistic about possible growth, they bring a lot of fragile positions to the marketplace. Not surprisingly, market can liquidate (go down) very quickly if something happens. And market has liquidated after news release on Eur/cad – rapid movement to the downside was result of massive liquidation.

Forex Trading is "speculative business" And those who know that try to accept every little opportunity that comes their way, No matter whether it is short term or long term. But those who totally speculate on the basis of "Big release", that really has long term impact on the price of a particular pair, them one might called it gambling.

I have different point of view of accessing chart, One is Overall trend, release and logic behind the movement, And I always back up my decisions and never try to rush before the release because Its not us who drives the price, Its strong money who have huge lots which come and hit the market one after one and final decision is always reserve by those movers.

We did saw large movement in the price of Euro crosses and the one that I picked up today is eur/cad, And market set the tone for that reversal as you have seen in the above mentioned chart that market creates a scenario that "Liquidation", was about to arrive at any time after strong reversal and bullish momentum was not gathering any force and finally after we see final pattern breakout, Market was ready to go berserk.

Monday, November 03, 2014

Habits that traders need to prevent

Habbits of buying selling

Hi traders! Successful trading is often not about unique trading system, it’s about doing certain things over and over again, or I would rather say – not doing them. Many beginner traders often do the same mistakes over and over again and if you would simply avoid what they do (or even do the opposite), you would get an edge on the market, Because this market is not about buying and selling in hurries or react according to market volatility.

I created my own TOP-3 list, you can add some more in commentaries to this post. I haven't uncluded money managent here, just chart patterns (market behavior) that traders fail to read properly (Because pattern do tend to trade with Historical Charts)

Selling «expensive» and buying «cheap»

Most popular terms used in the "trading" is «buying bottoms» and «selling tops». When price suddenly breaks out from some range (say, to the upside) and starts to move rapidly, most traders will sell against this rally. That’s an instinct as Indicators told you (As Most of them react after trend is matured or trend is strong). If we’ve seen before Low volatility and absence of significant price Behavior to whatever side, we tend to deny breakout, we treat to new prices as «unfair» and rush to open a trade. Why in this case most traders are in hurry? They thing that current price action won’t long last and price will quickly drop back to the previous trading range.

Let's take a look at Example

It has rallied heavily, and believe me – there were many traders caught in short positions. Price has finally moved back to day opening, but I’m not sure that any short-sellers could benefit from that movement. You can’t enter short position (or long position, any position) if you don’t know your risk, if you are unable to calculate or estimate it. You can, of course, but it won’t be low risk trade, your risk will not be defined (don’t tell me that you know your risk because you have your stop-loss)

So, in most cases shorting against such rally can be only reasonable when market is overbought and ready to liquidate to the downside. Such situations are pretty rare and this topic goes beyond our post.

To avoid catching tops and bottoms, I recommend to switch between timeframes from time to time. What is cheap for one timeframe trader, may be expensive for other timeframe trader.

Friday, October 31, 2014

Updates on the trades during the week

Eur/jpy and Usd/Chf Trades of the week

I want to remind that I have posted two updates in the week and both went exactly what I thought and eur/jpy went from 136.20 to 140.70 (at the time of update, And usd/chf recent trade from 0.9460 is still going strong and I expect after minor correction price will clear the new yearly high which is the only obstacle in its way and I have moved my stops from 0.9500 to 0.9575.

Idea was to go long at the breakout and Intermediate false breakout while prior trend was still strongly bullish(see chart above for better understanding i.e Usd/chf), And momentum was strong and the only resistance price was facing the yearly high and It has once again hold for minor correction and As of Month end, we can expect that the momentum to loose some space and Once things settle and big week ahead in which the focus turn once again on ECB meeting, NFP Payrolls and few other high Impact release, So expect big swing to carry on the momentum through.

If you Like My posts, Then watch my other Recommendations

Thursday, October 30, 2014

Usd/chf update

Intraday updates of type of breaks

As I mentioned in my earlier post, that Breaks often tells us which way price will go and If you have such activity and then it became easy to define why price has been moving so strongly in one direction.

If you closely watch the chart then you find that after strong downside activity, price accumulate for days, and then we had some strong breaks both Initiative and Liquidation , Then we saw before the FOMC Rate statement,We saw an Responsive break on previous day and that type of breaks often trap traders, when they look to sell the rally and just before the release we saw more selling activity, and then we saw immediate strong candles coming out false Intermediate breakout.

Scanning Activity in Usd/chf

I just watch the chart closely as I post in my previous post, As We have seen and the activity is the same as told and that is why I need to prefer to wait and watch before I enter and exit and couple of good entries in a week matching such activity is good for me and I always try my best to post all what I see in the chart.

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