Strong bullish momentum breakouts in S&P l S&P Technical analysis

Hi, Readers,
For those who did not check my previous post where I mentioned that I am still bullish S&P for a move towards possibly 2105 area Can look at the post here again.
Also Watch
*** How to Trade bullish breakouts in Trading Chart with Example

Question here is what made me think that bullish momentum is here to stay and its the strongest of momentum we have seen from the low as I have mentioned in my previous posts and doing it here again so. While trading momentum there are still few points that we do need to consider.

* Has price maintain an imbalance when It got a break from the previous swing
* Does price immediate recover on the day of selling or even the when the next session resume.
* Does price spike and maintain another bullish momentum after passive selling or immediately after supply days.

How I trade Bullish Breakouts in Index and Currencies

In the above chart, We can clearly see that S&P breakout from a level and maintain sustain the breakout and spend neutral days around the rotation area which is the first thing that come to mind while spoting such activity that why price has been so passive after such breakout has happened.

*** What is law of consumed supply and demand in Forex Trades with very low risk.

Price has a supply day after price test the breakout and ended the day on lows and what happened when trading resume the next day, price immediately engulf that supply and measured move was seen to end the day.

After that activity we saw a break of highs with ease and the we witness a neutral day activity yesterday. While market was quite cautious prior to release of Non agricultural pay roll data today it test 2037 area which was protected earlier and also was S/R flip and rejection in S&P Future just prior to opening bell of US trading session would have been well timed trade that send the S&P to the new highs around 2072 area which is close to 2% move in a whole trading session.

I also posted few video on such breakouts and one of them you can watch below and I would advice to just wait for such strong bullish momentum to appear and then plan your trading with very low risk trading moves and specially when You are promised to get movement with high impact release like NFP and meeting minutes and risk can hit the market any moment after such release and we can see our potential targets in a session or two .

Bullish S&P Earlier warning ahead of Yellen Speech

It has been quite a interesting month already with spikes and consolidation creating bullish flags and traders keep following their trades after panic annoucements from different bank officials from various part of the world.

Global sentiments have improved but not by bit and still looking for further bullish momentum in various indexes to continue atleast till the next FOMC meet and as the trend suggests price action will remain subdued till we are subdued for another crude downfall might be witenss.

I have recently posted a video on my Youtube Channel regarding how to spot imbalance i strong trends. Technically to spot an imbalance you need to watch out for strength of earlier trend, breakout, imbalance and consumption of supply after possible fakeout.

Gbp retail sales data and price Action Analysis of Gbp/jpy

Price Action Analysis of Gbp/jpy Waiting for Gbp/jpy data to release today and waiting for bearish sentiment to continue with more pressure.

I will update the text with updated chart before the start of U.S session today.

Gold Technical Analysis law of consumed orders

Hi, Readers
Yesterday short on Eur/usd is till good enough for a move towards possible 1.1100 area and we already have set trade at breakeven. Take a look at the post where I mentioned recent weakness in Euro will target the previous imbalance area around 1.1080.

**Those who did not watch my previous post then take a look at it here again Euro Usd Shorts

This is about Gold and how gold price have fallen as we see in the chart that shorts were already triggered when yesterday session close and I was looking for price to reach around 1224 level and price has managed to breach that level.

We saw risk aversion arrives when news of Explosions tore through the departure hall of Brussels airport, and a separate blast hit a metro station of the capital city. The news sent Shockwaves across financial markets, with investors running for cover away from risk assets. Technical Chart posted above is an example of whatever happens if You have sound technical knowledge and not willing to trade trade spikes, should have waited for the retest and close of session to look out for opportunities .

Can you really trade forex for a living l

The question people ask me most often is, not surprisingly, “Can I be successful at this?” Mostly, they ask me the question after a devastating loss. It’s a natural time to ask the question, but it’s a horrible time to answer it yourself.

Why? Because you can be successful, and every time you start to feel depressed about losing, you stop believing in yourself. If you stop believing in yourself, you stop working as hard, and if you stop working as hard, you start to make more mistakes, and a vicious cycle begins. Losses bring depression which brings more losses, and then before you know it you’ve lost your entire first account.

You don’t have to trade that way. There is a better way to trade.

I trade currency for a living, and so can you. Maybe it will take you more than a year to become successful.
Maybe more. But you can do it. You don’t have to be better than most people at math. You don’t have to score high on an IQ test. You don’t have to be the smartest person you know.You just have to be disciplined.

Come Into My Trading Bathroom

When you read a book by Alexander Elder, he invites you into “his trading room.” When you come into my trading room, you’re really coming into the bathroom. In fact, the subtitle of this introduction ought to be: A Complete Guide to Flushing Your Profits Down the Toilet.

I learned how to trade the hard way. By losing. Over and over. Think of a stupid mistake that traders make: I made that one. Think of another one: I made that one too. Only by keeping excellent records, staying determined, and learning from my mistakes was I able to being to trade profitably on a consistent basis. But along the way I learned that if you would rather flush your profits down the toilet, you should do the following things:

1. Trade as much as possible. Trade all the time.
2. Never close a losing trade.
3. Always close a winning trade as quickly as possible.
4. Never test a trading system. Trade it live ASAP

Let's talk about Euro Dollar Trade.

We might not see 1.1325 again before we see 1.1090 area. Check the chart and post your views in the comment section below.