Tuesday, October 27, 2015

Trade Currencies Like a pro

How to trade Currencies like a pro








I will Try and Update the Chart Later.

Possibly I would update another  chart to trade prior to release of FOMC Meeting Minutes On Wednesday.

Trade Safe


Sunday, October 25, 2015

New video of the Series l How to define Price Action Zone

Price Action Zones in Currency Trading

This is the new video of the series and video of just I have just posted with my previous article. This will you give better idea in understanding the whole concept and visualize those areas which are of high importance and on which whole trading has been based.

How to Trade Buyers Trap In Forex l Institutional Supply and Demand Concept

Here I have built up a strong article and chart where We can spot the strong Institutions behavior . Specially where we have seen strong Institutions and smart money behavior.

There is not denying the fact that some areas are of utmost importance and when those areas hold there has to be a strong logic or meaning of price breaking or faking the zone. In such cases, we should watch the behavior with second test and consumption of supply and demand.

This Chart clearly is an example of that trading is not a science, it is an art which can be master by strong conviction and dedication in understanding what Charts are trying to tell not what other factors or factor that decided the nature of price action Movement.

Price Action itself is a term defined for reaction to a particular zone, It is not a combination of several candle or candles, where we see pinbars or set of rejection candles fitting well into context then we must see strong decisions based on the after the rejection happen.

In this chart in itself, we see some strong rallies which complete ignored and when such rallies are ignored, there are strong set of pending orders or buckets remain unfilled, and when price retest it again and that rejection is strong then opposite demand of supply is tested and when it got faked then there is reaction that is needed at the supply and that is what exactly makes me a chart lover, when everything happens with such strong synchronization.


Take a look at the chart first,















Where we can spot such behavior, we should first see how price behaves price completely turned from the zone, and when price tries to retest does it clear all demand buckets, the answer is yes, because strong demand off the bottom is tested and fakeout . The last point is rejection and it itself is a strong one, which should be the point of real concern when it faked out the high previously and recent swing high.

Thursday, October 22, 2015

S/R Flips helps in Decision Making

We have seen lot of consolidation ahead of ECB Policy decisions and price holding crucial support prior to the release but what happen was the strong bearish price action unfolds and that happens when we seen demand hold and  Consumed whatever demand there was and followed by strong sell-off

Chart will give you better idea what I am trying to mention in that article.












I will update with more charts matching the context and tell you How price action unfolds prior to that strong sell-off after there was rejection at the top.

Wednesday, October 21, 2015

Candlestick Traders But how much Truth behind Candlesticks price Action

Price Action and Candles

Hi, Traders

I have just recently spend so much time on the research how candles help in spotting of a trend, but I honestly did not find so much to work on or even think about depending on alone candlesticks patterns.


But that is truth that candlesticks forms a strong trend and starts with a pattern but If there is no patterns or context in sight, then they are very hard to find out.

Support or resistance rejection pin bars are very hard to spot because they will signal about the trend which has already mature or not too much to travel and that is why there are not reliable but when price is about to reverse they forms a setup at top or at bottom, but if they are too heavy and demand large stops then there is no point in looking it again for smaller risks as they often let you follow the trade more often than not.

I have recently watched Euro/Dollar daily chart with supply and demand point of view and including candles in my setup as a help but did not find any suitable setup and find out how pinbars fake the price action so many times and stop hunting followed afterwards.


Euro dollar setups and Candles Prophecy


If you rely on candles then we see a rejection at the breach of resistance and we saw a follow through but wait is this setup is telling us the bottom is eyed which is the origin, then why we see so many quite sessions after we see a sell-off signal at the top.


In the chart above, I have recently spot a continuation or pullback entry but lot of traders won't agree with me, because they will look to sell at the retest and failure but it already has done the same as the recent price action unfold. And usually we see sudden change in the volatality and price breaks so many barriers.