Much Awaited Non Farm Payroll Possible Last one before liftoff

Hi, This is possibly the last Non-Farm Payroll Data before Fed start lifting up rate till the end of 2016 and this should be the real cause of concern, But this market has lot to offer but nothing for those who are not conscious.

I am posting Euro dollar update With the Real time example of last move and what happened when there was talk of Greece exit and Euro rally over 400 pips, after the market open taking all the stops above swings high and low,But I would still be cautious and will not trade this report as I have market few areas on my chat which will be a due coarse of focus for me, and If price went as expected, then we could be in for another ride before the Next Fed Meet.

Eur/usd Chart Update With Possible Moves

I don't expect anything from markets as I hardly watch news but I spot the areas of concern on my chart and If I am right then I will possible turn to shorter time frames for entry. Euro is in pause mode since last few weeks, may be Market expecting a lot from data but possibly one clue was given when Employment cost Index data was released past week, which tells that employment rise only give 0.2% of the wages rise and which was much lower when Fed was rising rates a decade or so ago.

But Situation can change dramatically and we can see the opposite reaction, when data released but I am expecting something out of the blues, But never ever ignore what market offers or it does and stay alert on your toes and don't just push buy and sell button, till you mean to and when you have to.
Stay tuned for more.
Trade Well

Supply overcomes demand and finally Consumed and Bulls Ride The trend

As I update you yesterday about my positions in Eur/jpy trade and you can check them by checking this post.

Further, I would like to put more light on the fact that Only Price action is what Tells you where price is heading, Trading with lot of indicators never gives you an edge, unless you know what is happening in the market.

Price is king whenever you trade and whatever method you adopt should gives you an edge over other methods and If You still don't know your niche in trading, you are not on the right track and only get disappoint whatever system you try.

I never Claim that I am trading with best of the strategies and Speaking honestly I would like to mention that I only succeed 30% of the time but what about rest 70% of trades, they all are Loosers but my Profitability factor is still 3 times of my average losses.

Have a look at previous Two trades As How accurate you can get sometime depends on how conscious you are about your system

Eur/Jpy Demand Overcome Supply and Drive the Market

Points you need to considered while trading or building a plan

* Versatile Strategies should be adopted as Market conditions changes every-time.

* Trade only logic and not Indicators.

*Whatever system you adopt, You should make it your own and add few unique enter and exit strategies.

* Don't ever follow your trade too much. You should know in advance what IT's have planned and why they should take your stops before moving in your favorite position.

* Price is the only thing you need to consider rather than trusted only bullish and bearish candles.
Stay tuned for bit of more help. Take a look at few of my previous posts.

How To make decisions in Advance in Forex Trading

Decisions Points in Currency Trading

How I pick short term Top in Euro

How to decide in advacne the Value of currency will be Rejected at several places

Its been quite an exciting week so far, with lot of happening around but the most important thing is that if we can something out of that market movement, Here I am about to discuss "How we can project that current Value will be rejected or not", As we all know this market is not driven by retail trades and hence we have on control what so ever as we Collectively move in one side and still we can't drive the market up or down at a certain pace, but still we can collectively facilitate the market.

It is up to strong holders that how to drive the market and how to keep those level interested, that everybody took their piece while we approach an area high low which is breached by strong movement either way, Specially when we trade supply and demand and the movement is so sharp that sometimes we do see few fake retest and value still remain up or below a certain barrier.

Let's take a look at trade of Eur/jpy I took yesterday

So, when you decide to trade such scenario, think in Advance.
* Importance of Level, How crucial the level is, means the rise and decline from the broken level should be strong
* How Price is approaching the level or retesting it . If price still very choppy in retesting then move to lower time frames for entry
*It's better to wait for first test otherwise that supply or demand levels seems to be consumed if we wait for second retest and still low values can spike out of anywhere.
*Profit margin should be atleast 2 time the risks and If you trade at higher time frames then this type of trades can go atleast 5 to 10 times of the risks, So better you trade those higher h1 or m30

Charts that have Strong Supply and Demand Zones or Levels protected

As I previously mentioned that You don't have to look out for historical price values as there is strong intuition that price might react or not react on a particular zones and chart that I have posted below really is a strong evidence that Strong Supply and Demand zones need reaction and those areas should show minor development areas or level protected after the breakout.

Strong Development Area or Demand and Supply Zones

Trading plan l Linning up currencies to Trade

Its been a nice Journey since I decide to put up this blog to help novice and new traders and even for experience traders. But some questions always do arise in trader's mind that what to do in the spare time or at the weekends when there is nothing to do.

Some traders prefer to spend time with the family, Other prepare their journals and most of the traders prefer to keep looking at historical price movements on Monthly and Daily charts for the possible setups.

I always mention on my blog that price turns and continuation is decided not in advance as most of them are decide as per sessions on Intraday basis till we have some strong holders keep moving the market for a week or for a month by most. Other trends built up take months to decide and still without the help of others no one can built trends for years or even decades and Price will keep facing challenges when strong trends tend to reverse or shortlived after strong run.

I am putting up lot of efforts as I prefer to stay in a trade for a day or two by most and won't enter until I get a strong confirmation of continuation because after a run there surely would be few sessions of consolidation or sideways movement and price take a pause before another run upfront.
As such it is not wise decision to line up pair which is trending to go and buy and sell immediately and one such example is the chart I am going to show in my upcoming posts.
This is a chart of sterling with possible turns with changes in momentum after the weeks starts before it shows strong run and reverse when the week start, which is in itself a strong statement that price turns are natural and Nobody controls the price no matter whether they have bundles of potential untill they got support from other holders.

Gbp/usd Reversals and Continuations

Most of you would think what is the reason of showing this type of values on chart, So defining conclusion is that whether we trust any historical chart or not, Most of the patterns give you returns as such only 15% of the candlesticks patterns do offer you strong reversals or complete reversals, So how wise is to test those patterns and continuation signals when the trading week sums up.

I would put up few more charts where you can decide in advance how to spot up behavior of strong money prior to price gets there but It should be part of strong imbalance and this area should have been development area of test once. It is just a matter to see whether to count a breakout is strong and has continuation power or it is just fakeout.
Stay tuned for another chart that offers you substantial return and activity is spoted and synchronize on every time frame.

How to Identify Strong Demand and supply Zones How to Trade breakaway Gaps and Importance of Gap in Currency Trading