Trade Update Usd/jpy

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

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.

Trading is all about remain conscious

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.

Canadian Dollar Trade l Consumed demand levels

 







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.

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

Trade Update Comex Gold that gained 2%

 

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