Best Trades Setups of the Ending Quarter 2014 and Warm Wishes

HI, Traders

First of all I would like to wish everybody "Happy New Year" . May this coming year become more profitable and give you success you ever dreamed off and fulfill all your dreams.

Coming back to education portion and I would like to remind you that earlier positions of eur/cad shorts and usd/chf longs are very profitable and I would like to close both the positions and would like to continue from the coming opening of another week.

I would also put some more efforts in explaining the best setups on the basis of Supply and demand of the ending quarter of 2014 with some exclusive examples.

I will keep this blog more interesting with some new and unique updates on the basis of some mechanical systems but filter them with usual supply and demand basics and try to keep my blog readers ahead of market whatever market they trade.

Trade well and trade safe in the Year 2015.

All my best greeting for you and Your Families.

How to trade price action rejection Confirmation on higher timeframes

Posting the setup currently spotted on Eur/cad, though i need a confirmation on weekly time frame but overall trend is down so daily time frame is good enough to enter that rejection off supply areas.

Take a look at the chart on Weekly and Daily Time frames which confirmed the trade.

How to spot Behavior of Passive Sellers

Hi traders, I did not post much through out the month and the reason behind is there is no too much activity we have seen inspite of strong Volatile movements. All the Counter-trend moves in Euro has been faded out so many times and strong selling has been seen since last few days and that could be a clue of resuming the trend unless we see strong demand of monthly and weekly time frame I would like to short the rallies and that is been the way it is so far.

The motive behind this post is to let everybody know that Shifting to different time frames does help specially when you shift from Daily to weekly and Monthly time frames. As I have mentioned too many time that risk can never be calculated so trading higher time frames include large stops but that is the way trader has to sort out noise of shorter time frames and when there is lot of movement up and down stops can be hit more often than not.

Clue of Passive sellers

In the above mentioned chart we have seen that in case of strong trends there are passive areas where buyers have given away control to sellers but they never went on to dominate the process, as buyers step in continuously and buy with even more force and continuous selling was a part of passive behavior when it first test the demand area with strong rejection and then strong bullish bar as confirmation of continuation and price has never stopped after that and though we had to use larger stop as we are trading daily trend but overall all the requirements are fulfilled for trend to give us clue of continuing the trend.

to be continued..........

Gbp/cad still going stronger

Do we see continuation after Correction In gbp/cad

Those who continuously follow the blog posts must have known the fact that I love trading supply demand imbalance and recent decline in Crude oil really push all the Canadian dollar Pairs to reach Multi Year high but recent sell-off in Sterlingpush back the gbp/cad towards correction. But recent rally from lows give us a little clue that correction might have ended and trend is about to continue, But we need strong confirmation on daily as well as weekly charts.

Recent rally from Lows is very strong and could be a part of correction as well but price has maintain some levels and today on hourly we have some strong moves of that demand level and I will surely cover that chart during weekend.

Let's Start from Daily And Weekly Chart.

Demand levels Seen on Daily and Weekly Chart

I have mentioned two charts in a same file and both of them are completely telling us about the Demand levels, On the left we have weekly chart where we have seen few week earlier we have a big gap on weekly followed by Piercing Line Candlestick pattern though that rally lack Momentum an then on the right we have daily chart and pattern remains the same.

I will update the chart again after weekend to sum up the activity during the week on weekly and daily Charts.