Swing trading -- How to trade mature trrends Or Reversals

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.

Define Value in currency trading and How to spot it

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.

How to trade Supply and demand imbalance in Forex

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.

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.