Forex trading supply and demand with in and out Compression

Forex Trading is just about showing patience to market movements. While you still need to push your mind beyond expectation and never ever target anything prior to actions. Strong movements followed by recoveries and then usually people got trapped with fundamentals and deteriorating market assumptions.

In between there are something happens on the chart & that is what I love about Forex trading with supply and demand. Reason being, never ever assume the next move. Movement should be supportive the price Action & hence should be controlled with Good Risk to Reward. Always take a trade which you can control and has a good logic behind certain movements and targets.

Price usually leave zones to get to another decision points and it won't stop until it gets to its target & following S&p chart is a good example of Institutional and banks movements which is called strong movements followed by recoveries.

First of all, you need to confirm that there is a swap base with current trend change and that area must have been tested and past or history should be aggressive and attempt to Engulf or broke should be strong and once that happen price should leave that zone again with some strong movements but never manage to engulf or test that area .

Once price leave that zone with HH & HL's, then we should target the attempt to that zone with authority & that chart should compressing into the zone with a steep falling trendline and order get picked once price leave such zones market with blue rectangles. I was enjoying the risk reward to 2970 zone and I fetch more than 40 times of my Risk & that is What I always love about playing a waiting game and that is never away with 10 to 20 pips stops and strong targets are really achievable once you know the 'Decision points in Trading'

Price often move from one Decision point to another decision point. Decision point could be engulf of zone or clean break of zone and test with three drives or stacked or in & out compression. I would cover this topic in detail once I get time or with more Live trade examples.

Stay safe and keep spreading love and help everyone around you with the best you can. We need to fight out against this pandemic together.

Forex Trading is all about approach & Risk Reward

HI Readers, I hope everyone is fine in whatever part of the world, you all live. I wish blessings and pray for your well being from almighty.

Trading has been halted everywhere and I was really concerned about world and my health due to ongoing virus outbreak which went to take so many lives & we never expected that to happen as we all keep doing things we should avoided. Anyway I hereby want to draw your attention towards the trading education and recent eur dollar trade that I took yesterday is a prime example of Support resistance Kink & tested with in & out compression.

We all know price move in patterns and it ever found locations before reversals and without cashflow price never move or reverse or even in choppy sessions, I always keep a note of what is happening on shorter time frame.

Chart of Eur dollar is a very good example & even a average supply and demand trader can fetch some good pips ( +65) to be exact that I took.

Price Action is never random and that is why I always warn price Action trader to keep looking for support and resistance fakey zones before moving to strong trendline resistance support trades. You just need good reward to risk. My Risk in that trade was only 12 pips & rewards is already 5 times of the risk & that is what we should always focus and if you do have a couple of losses then a single trade can help you make out and never force you trade for the whole week or even month .

I hope it helps you all & in case you need any further help, then please contact me with you email & preferred way of contacting. I would reply each and everyone the best way I can.

Cheers & stay well.

Update on 18th April 2020

Euro dollar Price Action on 1 Minute Chart

I always use the price action as Random on any time frame. Prime example is Euro Dollar trade that I took today on 1 minute chart, which fetch me 70 pips with 2 pips stops. I use ECN broker, So I don't have to worry about spread at all. 2 standard lots and I don't have to trade for next couple of months & that is the beauty of having patience and also opt for best of the setups that always offer you 10-20 times of Reward to risk and this time it was exactly 35 times of the Risk I plan to take.

Crude Oil is facing the headwinds amid Cornovirus as Global Demand at the all time low.

First of all, I would like to offer prayers for everyone fighting with outbreak of Cornovirus. Countries like Italy & USA facing worst hits in the days and weeks to come. I hope things get settled as we totally depends on nature to help us to get out of this crisis. Ofcourse, we have power and will to fight anything as we have done so far & I'm sure there would be help coming out of heavens to help us recover and stay healthy.

As I mentioned in my last post of Crude oil futures, where I wrote about the target of Crude oil around $26 a barrel, but as we get to the target too early than I first anticipated or expect, But now as things are getting pretty ugly globally, I don't expect there would be any demand of Crude Oil inventories for the next few months and we will see lowest crude oil price in the months to come.

Trump seems to fuel the Crude market with comments that He will try and set conflicts between OPEC & Russia, but soon comment from Russian camp came through where we witness that Russia is in no mood to favor any alliance with OPEC & favor Production Cut. Product Cut ? Seriously ! Manufacturing units are shutting due to cornovirus & World's Tourism is getting a hit as Borders getting closed.

Pound is approaching crucial support zone . Buy Stops will be triggered around 1.2705 to target 1.3233 zone

Price has been very subdued followed by strong rallies in great pound and it is the only pair which has not pick up any momentum, no matter what the situation might. Rate cut hopes are in the air after Fed cut its deposit rate by 0.50 bps & Now people are expecting BOE to act . Carney will speak on future action tomorrow but I don't care as I watch only my charts and trading levels to be traded.

I would surely recommend trading at 1.2710-15 zone with stops just below the last rejection candle out of the zone as bullish dozi which is around 1.2669 level. If you really like to know the reward of the trade, then it would target the upper part of zone around 1.3250 zone and may be higher because according to elliott wave analysis final leg of wave c of 2 is on the way & it will target higher levels in coming months and years. So, all in all a very good risk to reward opportunity if you are position trader.

Misconception about Price Action . Where you should look for Price Action in Trading

IN this post, I would like to guide you through the price Action technique, which is hard to find anywhere. It is just the way I approach price action and flag & how I look for best risk reward and rate the overall success of taking a trading which is more than 90% . Take a look at the chart below. There is a strong level that has been seen collection of orders up and down. Price has already maintain a fakeout zone market with black line on the left side. Now as price is approaching the level again, we have seen a compression & now as we see more PA unfold ahead of the price approaching the fakeout zone we will witness more volitality and final rejection would been around 143.70 level.

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I have already show the example chart above why I look for most respect price action zone & approach is to the level. Price is about sequence of puzzles and a combination of Action & reaction and Now, Finally we will witness the final reaction to the level. Stops could be place 15-20 pips above the zone which is already capped with a fakeout.