Curde Oil Accumulation hints before data hits the market

I will update the text later

Taking profits on my crude oil longs enter in the direction of the trend yesterday.

Enjoy the chart and don't forget to check back later as I have decided to prepare a video on this soft accumulation process before market awaits data and take profit earlier but how they accumulate their position to get best price to enter is all covered in this short video.

Only time tell us whether there is demand or supply on approach

Hi, It has been series of question being put about why I sold eur/usd, after in such a strong trend, then the answer is fakeout of supply and that supply was seriously strong, while we see price hold too long from second decision, there was probability that second decision will bring some chopiness as well, Its not necessary but approach to supply was quite shaky or in supply and demand words it was compressed and now it is back to the earlier decision and it is necessary for bulls to remain in control or if it is engulfed we will see what happens on approach to and my answers is short it again then

Price chart is all about decision to decision

Price is all about one decision to another decision, Price does not change hands from buyers to sellers without decisions because it could not be possible for the others to see whether distribution has taken place, and accumulation prior to distribution is one strong example of price will lean away from zone or supply .

Only approach to supply or demand tell us what is holding

Euro Chart below tell if you see the left side to start with where we see strong levels protected before we see price flip from a S/R zone and given way to new strong rally and another decision was made just above the strong support zone before price finds support again and saw strong buy orders there and price went in to consolidation zone again and last week we see engulf of first decision before a new low was made.

If you still need explanation why price move away strongly after it touched the second decision, then You should go back and explore the blog for few weeks and find your answer. Price back to decision of breaking the supply and If we got something substantial then it would confirm the direction of euro in coming weeks probably by approach to supply or decision to engulf again.

Make things simpler in Trading

Its upto every trader, that whether he make predetermined trading moves, or look for approach and find out areas where market has behaved whether it is about scalping or whether it is on higher time frames looking for position trade.

By now you should have at least a basic understanding of how support and resistance works in the markets. It's always important to visualize support and resistance as an imbalance between supply and demand forces where demand creates support when traders show willingness to buy or readjust their expectations and start to buy at higher prices. But a weak demand also contributes to create resistance when traders disagree in buying at higher prices.

Euro Japanese yen Technical update Looking to target 128.40 area

Euro trade proved very profitable which I close around 1.1185, face a decent retreat from these levels and post a daily low 1.1129 .

Now I have seen the Eur/jpy chart around the levels of 127.60-70 area and seems these levels have decent buying bids into close, though U.S market are bit slow due to holiday but I would surely look to remain buying with stops around 127.35 area and targeting 128.30-40

Let's have a look at the chart 

Euro Update Picking Up profits around 1.1190 Levels

First of all look at my post here, which I posted on Friday Euro Shorts

I recommend shorts on Euro around 1.1257 closing levels on Friday close and put stops around 1.1275 levels and Now I am about to close my shorts around 1.1185 levels and recommend to remain on sidelines till the new opportunity arrives ahead of new session starts.

+70 Pips to start the week

Gbp/Usd Technical update. Waiting for Sterling stop bids around 1.4571

Hi, Traders Welcome to blog again, As I have start to update the technical portion on daily basis or when opportunity arrives as a rountine, I am here again to post few technical updates and start with Gbp/usd, Gbp/jpy and Eur/jpy.

First of all I always focused on what traders or smart money attempts at the start and the close of session and lined up pair for the next day as moves between supply and demand or say stops and hunting, because only time tell us whether there is demand or supply or even if there are failed attempts during a session, I don't take any trade as I start lined up the behavior after such failed attempts.

Pound is in consolidation pattern since last few days as it moves just above support and looking for direction so in such attempts we can find areas of rejection or false breakout just above the level if we see enough buckets of selling and buying bids were carry forward to hunt the stops and In such case I always look to sell the rally specially after day session close.

Best way to advertise or buy the cheapest links about any category. Perhaps the best way to monetize you blog and earn thousands and that has been never so easy earlier seems the easiest now

buy blog links

Trader's mindset can be its worst enemy

Trader's predetermined mindset after seeing the candles patterns is its worst enemy specially when we find such pattern occurs at strong support and resistance, but what are the probabilities that such pattern will give away to reversal or new trend or even end of retracement or correcetion.

How much success does trading candles only with patterns brings and If there is so much success ratio, then How many trader's does really make a living or substantial profit out of those patterns. There might be few who might have been very strong in risk management or control or manage there trades well or does apply some filters and come up with a powerful strategy to consistently grow their account but It does take lot of years to be able to adapt to any strategy, that is why I always try to trade logics not the possibilities which I think is quite similar to gambling and probability of success and failure is not more than 10-15%.

Chart of gbp/usd have different answers for me

There are bundle of stop bids around 1.4570-80 area and If you could see consolidation attempts to run this stops today we could see a massive selling around 1.4571-90 levels soon.