Technical analysis and trade opportunity of S&P 500 Futures

Hi,

I would like to make this post short and simple with pending order of S&P futures and possibly explain the reason why I took that trade in a day or two.

Set pending buy order around 2388

Set Stops around 2380

Target First 2410

Second 2418

Chart to help you understand why I took that trade

Price Action is wasted without Liquidity Gap and reaction

Hi Readers,

I have been quite busy recently in my other financial projects, so I did not post quite often but whenever I have time I do my best to post and update about recent price patterns and oppprtunities.

I would cover this topic in the next 30 days, and like you all to bookmark this page for every update that possibly will change the way you approach price action.


To be continued.....

Price Action is quite subdued in Loonie ---Look for short setup around 1.3470

Hi, Its quite a while since any recommendation, the reason  being busy schedule. Beside being a currency trader I have my own business of selling products to e-commerce sites.

Recent price actuon has not changed quite a lot in Euro and pound as market still searching for yearly low and high.

Point of concern here is usd/cad and I am still watching rejectuin around 1.338 quite thin one and every effort beyond this line has been rejected and today's price action was no different.

I would soon try to lost a chart as  my target still is 1.3200 and we would see how price unfolds from here.

If we see new low below 1.3270 and then we will plan to sell around 1.3380 and stop would be 13405 and target would be straight off around 1.3190

Stay tuned for the chart and levels

Thin Price Action Amid Holidays--Volitality soon be pick up in Gbp/usd

This videos of pound sterling truly signifies the two possibilities in which in one of them price is reacting before supply and the demand after the strong supply is still protected quite a number of times and it is two way price Action which describes this is first sign of accumulation retested after the price consume all the supply after "Brexit", and in second manner price is looking to react around 1.2310 the strong demand which is protected so many times as it hold the prices down and when it was broken it has been tested multiple times without an engulf but thin price action suggesting consumption of orders and If we see the breakout through it and After the holidays are over we can see price Approaching towards 1.2550.

So IF 1.2310 is broken My entry would be as follows

Sell Stops around 1.2535 Stops around 1.2560

Target first would be around 1.2300 and second would be 1.2150

That's more then 20 times reward to risk.

Good Luck Have a Nice Christmas Ahead.

Price Action Patterns, HIstorical levels and Trading Strategies-- A Lethal Combination

The fact is... most traders have ample knowledge of the market but yet still can't make a consistent return. It is my belief that they're learning about the markets for the wrong reason. Instead of learning a new strategy to add another edge to their tool box, they're learning about technical analysis in order to avoid losses!