Christmas Holidays have made the forex market a bit lazy or You can say trends do tend to go sideways and funds have been not put on line to push the price through important barriers.
Meanwhile I have decided to put my best of the trades in spotlight in order to tell you what I was risking and what I get and overall of very good year even When Price Action on most of the pairs were choppy in the last quarter, But Still I made some good pips as I always try my best to keep you all updated about any trade setup except few which were quite quick to behave.
Trade sentiment is somewhat differ from Trader's Sentiment or mindset
However, we always can say that when We trade we should have confidence what decisions we made and back them with proper entry and exit rules, which I think more important than what we feel while we looking to make some strong statements about our observing power.
* My recent Gbp/jpy Trade
A brief explanation has been posted below about the gbp/jpy trade which was trending all the way from highs of 191.00 to 178.00 and I pick some strong entries on h4 chart and same were posted on the blog and I am doing it over again.
*
Australian Dollar Another Short Signal in Bearish Market
We have seen so heavily selling in commodity market amid Chinese slowdown and hence riskier assets currency like Australian, Canadian and NewZealand Dollar selling has given traders numerous opportunities to bag lot of pips and It was much awaited after Gold market has witness a strongest bearish run in the last decade or so.
I have pin point each and every swing and supply and demand levels in the chart which have open way for the pair to give us very low risk reward opportunity and after there as rejection at top, we have few price action setups which tells us why we should always look for retest of previous supply levels to see If price could fake after engulf or create another level of importance.