ECB policy push Euro high and Stock Rallies

Hi Readers,
Hi Traders,

Quite an Eventful week, and ending the weak some good profit from Crude Trade that I mentioned in my previous post. Still look for more gains as my target 37.50 has been breached, although there was small correction in yesterday thin trading(priror to ECB press conference) which was accumulate at the yesterday close and price went beyond 2 month's high and Now holding those gains comfortly

Now, As there is new week to start and we will see an American DST which will push the opening and closing bells an hour sooner as compare to winter season, there would be some great trading opportunities lies in the week ahead as we are approach March FOMC meeting as Focus now shifts from ECB to this week FOMC. So if rates put on hold and we have dovish FOMC tone then we will see Euro enjoy that rally as completely negative correlated banking policies from Eu and Fed will put retailer to bet on USD weakness.

Gold weakness target 1237 and 1215 levels again

My bet on this coming week is Gold and I am bearish on Gold next week to test the levels of 1237 and below 1215 because this was the base or origin of previous bull run. We see gold rally with Euro this past Thursday as Mr. Draghi completely deny the best of further ECB stimulus package as he see recovery on track but he also maintain the tone of more accomodative policy.

Prior to this decision Eurozone push the rates back to 0.00% which push the panic button in US and Eu yeilds and Euro hit hard to 1.0821 where it found support and breach 1.0926 level and post the biggest gain in almost 2 months, when previous ECB meeting was held in Janauary where the bulls finally take charge of the multi-year lows.

I have just recently prepare a video On How I manage to spot weakness at multi-months highs and after spotting today's trading activity, I manage to spot a trade which I think is the best way to confirm the top and looking for origins of the upmove. No targets are defined as we might see the level 1237 breached and further weakness cannot be ruled out If further pressure be put on precious metal as we also eye Chinese data through the weekend which can possibly create a gap towards the target so trade safe and enter again when trading activity resume om Monday if the level of 1258 is tested again.

How to trade True Trends and Pullbacks in Forex

Hi Reader, I have been updating the blog from time to time for trade entries and also for education purpose which always keep you ahead of what market thinks and recent trend in Crude is a prime example of why I am still bullish Crude Oil. Entry from 33.52 fetching nice profits and still looking for move towards 37.50 area when next week trading resumes.

Prime reason for this article is to let everyone of you understand what is true trend and How we can wait for pullback and continuation signals when there is imbalance in that true or strong trend which carries momentum.

Few Basics of Strong Trends

* Trend must be strong enough for you to look for pullbacks and confirmation entry
*Entry should never be aggressive or conservation
*Price Must have strong imbalance between swings (Will be discussed in detail later)
*Active session breakouts should remain well-balanced in Strong Trends
*Any strong rally against the trend must be rejected strongly off Imbalance Areas
*Must wait for session breakouts after strong rejection and pullback to test that breakout when session resume trading
These all are basics of true trend and with a live example of crude I will discuss each and every step with examples in this article.

Trade Recommendations for next week

Usd/cad is in strong downtrend and we have consolidation after strong downtrend on hourly chart and Now as 1.3465 area is strong imbalance which is retest and selling continues till the day end I would like to see a move towards 1.3210-20 area.

Stops must be place 1.3340 which gives him some strong potential or You can simple look for retest of 1.3335 levels and look to trade rejection which will shorten you risk and potential of reward is much than it is right now

Forex Trading Strategies l Forex Trading Strategies that works

Forex Trading strategies that works in any market depends on the where market left and where it starts the next session within the same location or if market is moving in a particular session and consolidate in the next sessions then we should wait for the most active moving session to start and look to see where market starts and how market behaves when data arrives and the overall trend is also important.

There are some  secrets that works in Forex markets only because law of accumulation and supply and demand only works in Forex market and we do have lot of strategies that works so please keep tuning in from time to time what we offers in our next video.

Forex Trading Strategies l Forex Trading Strategies that works

Forex Trading strategies that works in any market depends on the where market left and where it starts the next session within the same location or if market is moving in a particular session and consolidate in the next sessions then we should wait for the most active moving session to start and look to see where market starts and how market behaves when data arrives and the overall trend is also important. 

There are some  secrets that works in Forex markets only because law of accumulation and supply and demand only works in Forex market and we do have lot of strategies that works so please keep tuning in from time to time what we offers in our next video.

Forex Trading Strategies l Concept of law and demand in Forex