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

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.

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 .

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

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