Euro Trading US Non Farm Payroll Data Sentiment Bearish

First Friday of the Month is the much awaited one for Currency Traders as It has been the day for me as well since past 9 years or so, as I always wait for the weekly and monthly entries after the data is released.But any good figures this time will put more pressure on Fed and Jenett Yellen before the next meeting on June to consider rate hike and US unemployment is the biggest concern that US face before they start easing since a decade or so ago.

We have seen strong bullish momentum driving Euro to face resistance around 1.1610 handle and after that market Liquidate quite immensely, as you can expect bulls given away at the end of the month profit taking, and also take cautious measures in the Non Farm payroll week. Any good Forex trader will do that coz you never know how much risk can data bring to the market, any strong deviation up and down will drive the sentiment anywhere and I have seen NFP reverses the overall cycle trends as well. So, be prepare with your charts and let the storm settle down and wait cautiously for your entries and IF there is deviation I would bet on Usd/jpy bulls to drive usd/jpy higher.

Also Read :- Trading is all about buy low and sell high.

Euro dollar sentiment turns bearish again

I have manage to spot weakness in ongoing bullish momentum till the price reach 1.1600-20 area, because price has manage to liquidate immediately as it reached the previous resistance, even strong US data hit the market and support weakness of Dollar

It was one of the situations that the weaker group of all the participants known as retail traders were pushing the price up amid previous breakouts and as we all know If price Advertise higher without or very weak strong money participation, it liquidate immediately at those strong turning points as it happened in the case of Euro, and It could just be a start of downside rally which can extends towards 1.1050-10 area.

I recommend buying Usd/jpy after weak US Employment Data

Last Friday, Non-Farm-Payroll data was about to published and Before that release I manage to pick short term bottom in Usd/jpy and recommended buying around 106.85 Area, and price has not pause after that bull participation. You can see the chart as I will update the chart in my next post with weekly and daily levels to watch and I am very positive once again on this currency pair for a test of 111.40 area and There I will have to track the activity again, and let you what's ahead. Price is trading today around 108.90 Area, with strong support around 108.22 area.

Also Read :- How I manage to pick bottom in US Indexes.

Forex Trading is all about trading Zones not Candlesticks.

Forex Price Action is a unfold story, and its success and failure is also hidden till the time we find out ourselves, And the whole story move around the candlestick behavior,trendlines, patterns and fibonacci and specially when breakouts are due to news or some strong expectation prior to the release and other riskier events.

A complete Forex Trading Strategy should be based on trading zones, not on candles, trendline or Fibonacci Patterns. I will give you simple examples that even though market behavior is natural and it is affected by Natural, climatic and political events but real trading behavior is based only on demand and supply of Available assets. So, How can you say the Trading signals should be based on lagging Indicators, Expert advisor and Candles. For me Candlesticks trading gives you a satisfaction or overall trend but no clues that it will keep going up or down in the same way it has gone right after the break.

Also watch:- How I trade Inverse Head & shoulder and grab 300 Pips

Strong Candles are only part of News or Risky Events

As I have stated above in my article that Forex Trading Strategies should be based on understanding and implementing the logic and context written there off and untill we find out the reason of trend is about to resume or collapse, we found ourselves in only loose loose situation, and our emotions and bias force us to take those trades which are based only on candles and trendlines.

We all sort of have same mindset to enter prior to release and key event in hope of missing some strong movements so we often found the strong moves low and depend on candles low or high to protect us, in case move went against us and we got shocks when that key event is released and market went totally against our prediction and we don't have option but to cut loss early or let the stop get hit and just watch it market doing it.

What we left with is spike and sideways movement most of the time and before next movement stop hunters secretly found that hidden stops below candles which is used without revision and mean and that is the big reason of our failure. I have come up with the thoughts of letting everybody know, novice or experienced that whenever you trade Forex Candlesticks look to see the closest zones and valid context and IF you don't see any of these just stop and look for the reaction after the move has happened.

Candles stops hunting after UK Manufacturing PMI data

Here I come up with most recent and strong example of stop hunting just prior to the release of key even of Britain, which effects the currency pair great Britain pound (GBP) and when that data hit the market pound was sold across the board heavily, and just few seconds prior to the release it was very strongly bid and strong cash flow was witness but it all faltered just after the release and market immensely liquidate throughout the day and follow up the next day as well.

Tuesday, 3rd of May 2016, Just prior to the release Pound was strongly bullish with recent trend picking up momentum from lows and was in full flow, and strong bullish candle to start off the session and usual break out of the prior day high was good enough to push for smart money and price was the best one to hit the supply and reverse and stops were hit both way around the candle and that is how market use to behave with candles and even with strong moves, I can show that only 10-15% of the time strong trends breakouts with strong candles succeed.

Forex Trading is all about patience and let your money tree grow

Every passionate Forex trader, who is passionate about its trading use to love its trading and at time he hates it as well. Let me be clear about that concept because trading is the most complicated thing that need to be as simple as it could be. By that I means that use of Indicator, use of excess knowledge, outsmart and disrespect senior traders is meant only to complicate things in your mind and also putting questions again up to you about that anything can go wrong by the word of mouth.

lets face the dark side of Forex trading which is there that it is not a get money Fast or get money quickly with the blink of an eye. There isn't any such things exists ever and those who claims is the only one who sell robots and selling such get rich quick schemes.

Investment should be based on long term

May be there are traders, who claims to make money daily or loosing daily, You never know but those who comes out with evidence that they make big money daily should be ignored as those systems and strategy might not suit everybody or you stress out more that you ever experience before. The truth of the fact is very bitter that If you are trying to make money quickly, no matter how smart you thing and how successful you have been, you will lose in the long run and If you are an exception to the rule than I wish you keep carrying on making money on daily basis and your luck never runs out.

However, for everyone else there is risk involves everytime for day trading. IF you get beat up and lose a fortune, never try for revenge trade to make up for your loses! Take a break from trading, have some rest and collect all pieces of puzzle again and re-think the strategies and then try again. For me, demo trading again for 6-12 months is much better options and Even If you want to trade real then $100 is again good to start and involve interest atleast even with micro lots, but it all depends on what you are comfortable with.
Also Read:- Why Candlesticks often used as stop Hunting by Strong Money holders

Silver Trading Strategy

I have been tracking silver since past few months, and there are times when it completely bullish and out of nowwhere price get headwinds and push after a break against the trend is quite vulnerable as it was with the trend. I would put up thoughts of how to trade silver in the weeks to come as I am eyeing a break of 17.10 area again and test of 16.40 will make sure that a top is finally placed but it completely based on how price action unfolds and during NFP weeks it could be deadly volatile and its dangerous to maintain balance with the Silver Future .

Chart would posted if we see a break of 17.40 area to see if price get pump up again and see the new bears attack the area of 16.40 area and opportunity would be tremendous again for a strong push downwards but so far it could be a test of previous high where price show decent reversal.

Forex trading describes series of patterns that fits into context

Hi, Readers,

Great weekend and great run gold and other commodities as BOJ hold further easing and no clues of adding more stimulus package to recent ongoing package.
Here I have put an chart of recent activity in the pair gbp/usd and the reason why I went short and long and has long term targets, but I would built up new plan and strategies when the next weekend start and that is what we always need to do at the start of new week.

How we built a trading system based on context

We often look for the help of certain trading strategies and develop a system which really ends up with relying on candles e.g pin bar rejection at pinbar, bullish engulfing pattern at 61.8% Fibonacci which still does not confirm how does that describes that it will have a follow through and you look to wait for large stops below the pin bar or Engulfing pattern which does not really help anyways.

Pound Dollar Technical analysis Could Target 1.4900

As I mentioned in my last post regarding bullish pattern occur in Pound Dollar pair and immediate action was seen and even before Ahead of FOMC Report price has managed to hold on to gains and did no liquidate after testing the highs of 1.4610-50 area, and this could be a good sign for bulls to attack more as I have spotted an Inverse Head & shoulder price Action pattern which need validation.

History of patterns In Forex

Every pattern in trading has few strong and valid points and as well as weak points but I always back my decision and give this setup 7 out 10 as Price strong monthly consolidation pattern is about to break, and ahead of key event and if Somehow we see some bullish pattern continuation in next couple of sessions, then I am expecting this strong move in Sterling.

Fibonacci Trendline and Forex patterns don't work

Even though I put lot of efforts in learning and being not a very big fan of those fibonacci, trendlines and Chart reversal patterns like Head & Shoulder pattern, but If we see logic in those reversal patterns then there is no harm is lowering the risk at test and risk 2% or max 3% to make 10-15% of the account and that really what all expect when we first look for a trade in our favor.

The reason why I am quite subdued on this setup (not because of Head & Shoulder Pattern),because we all expect new cash flows in the days to come as we expect a big key events from both Federation and BOE.

Time For Sterling bulls to breach the resistance

This really can put up lot of pressure on sterling which has Under-perform in last few months. even though this pair has the reputation of Safe-heaven and also has performed well as safe heaven currency as We all know UK is strong enough economy to cope with recession and any global crisis such as Crude and Global Slowdown.
Pound got a hit due to reduction in global crude prices and it has been the prime reason for weakening of Single Currency Pair, because U.K rely on Brent crude to supply in Asian countries and hence decline in currency pressure was seen during that period but as Oil has recover strongly we can see the same happening to the Pound as well.

Weekly and Intraday Technicals of Euo,Pound and Franc

Sterling breakout seems smart money pushing new Cash flows in to the pair and looking for more strength towards the opening of U.S session. Stops seen around 1.4587 area . So, its quite a distance away from here. Looking for sell stops orders around 1.4430 now.

More Currencies Updates would be posted here soon

**Euro dollar and Dollar Franc Update would soon be posted on this page. Stay tuned for more updates.

Usd/chf decision engulf looking for next at 0.9900

This is a must watch setup as We have strong respect of demand and supply levels in this Chart, While trading Currencies One must be aware of Price Action Reaction at levels and how price behaves when they take over upcoming or recent supply and demand with easy .
Drop base rally is good structure overall which shows strengths of bulls but alone it does not stands any chance of valid setups but If you combine it with overall picture and structure, then you probably will get idea that some institution or US Bank is looking for strong Dollar ahead of FOMC meet this coming Wednesday.

Trading Charts does require some logical knowledge, because we all have basic technical knowledge and trendlines, patterns, fibos are very well known to each and everybody of us, but do they help us find good probability or spot smart money move in strong manner and my answer is no and that is why Novice trader keep falling in the prophecy and look for proven strategy and fall into myths of Technical Trading.
Soon I will put more insights on thought of current setup and Euro dollar Setup as well as both Franc and Euro has negative correlation with U.S dollar.

Setup closed around 1.4585
It was clinch situation yesterday when I took the trade around 1.4484 and it steep towards 1.4458, and that was the cheap price to buy after breakout but still a good trade overall, I close exactly around 1.4585 and selling bids were found there till found support at 1.4585 again,But I was happy that I pull up nice ride.

Trading terms Buy Low and Sell High

Most heard terms for a Forex Trader, that if you can't sell high and buy low you can't trade Forex successfully and that is where who concept of success and failure of a Forex trader lies, hence though If you learning strategy where You buy and sell breakouts then you must have done some research and read views of successful Forex traders that Where does that true success of Forex Trader Lies.

Buy low and sell high look like Counter trade strategy and It all depends on timing and consistency and If you trade timing is not right then You miss moves that had very strong potential, but If Your timing is right and you can read possible Correctional Bottom of a trend, or know the law of consumed supply and demand then these type of counter trend strategy really does have strongest follow through's as compare to normal Pinbar or Candlesticks Patterns.

What really is buy low and sell high is ?

This whole concept work like a plan as more novice traders look to buy breakouts and they love to do so So whole concept work around strong supply and strong demand where follow through is strong enough and We have rejection approaching the previous supply and demand area, And of-course the dialenma of what market works or being working to catch stops before big moves.

Forex Traders don't bother to learn Forex Techniques

Is it really that easy to learn Forex trading? may be not but Not hard either- as all you need to know is to make full use of resources what You have and best use of those resource in the best possible way and there should not be no compromise

One thing that We all should know and try to implement that we all have same resources which have been used over decades and will be there for the times to come and Nobody is born trader or nobody can have extra skills to overcome his failure in fields and that is the beauty of Forex Trading which can suit the worst and fail for the best or rest.
Forex is all about Mindset but sometimes it is too hard to control because of wrong steps taken in wrong ways and nobody grooms you the way one should be. Believe me it has even happen to me as well, but Most don't succeed because it is down to persons approaching Forex Trading but Not for success as the opportunity is there for all but they don't approach or get guidance as they should be.

Trading success is a combination of the right mindset and the right knowledge.

Most traders learn the wrong information or are lazy and expect some guru to give them success and its no surprise they lose - no one else can help you win. Wining in trading comes from within and you need to take charge of your own destiny. Most of the systems and e-books sold on the net are not from traders at all but from marketing companies who never traded in their lives! They make their money making claims that have no substantiation and the gullible novice traders fall for it.

Comex Gold decline at higher price

I have taken an example of my Gold trade where I thought we got the best price to sell during thin trading amid lack of global events and pairs looking or direction and riskier assets like Gold still accumulating supply and found a higher price to fail and hence trade was appropriate and timing of the trade was excellent even on last trading session of the week where we can expecting winding up of some positions.
Sometime it do tend to surprise me how gold give such beautiful swings to buy Low and sell higher and Friday US session attempt above the choppy trading was the best price offer to sell at higher prices and follow through was quite strong, so no wonder If you know how to get best prices there to sell high, one can really enjoy trading Gold in any given circumstances.

Why You can't make money with Forex

Its quite harsh at times, when someone come across the research and found that Forex Investment is one of the successful way to earn higher returns and You just need to learn few techniques and use those techniques in high leverage markets to gain and make profit with couple of big profitable trades and then relax for a bit.
Its really seems like dream, when you heard such things when you first approach Forex and in excitement take few trades and you get welcomed in the "World of Reality What Forex Market is all about", and really , you don't even loose first few trades but morale is smashed and panic start showing on your face as you always thought about recovery and then walk away and then It becomes habit to take high leverage trades and routine loosing streak follow afterwards.

Making Profit in Forex Market Requires Patience

Trade Diary For the Week of April 18,2016

* One of the greatest thing that can happen to a trader is sideways market which can give trade time to prepare and adjust accordingly.

High probability trade probabilities

What we should focus on the high probable moves and by that I means to say probability in setups which are high profile setups or but trends emerging only due to news should be avoided, Whereas to identify this type of moves what we should focused on is that whether the reason of such moves is only due to news or a single factor that influence the currency for long run.

Moves are tend to collapse if there is no strong market maker is interested or look to pause after every break an that is why We should always look for Initiative followed by liquidation break, by means that strong moves after range breakouts specially due to just news.

*

Short term spikes can be reason of News release which can create risk but due to lack of approach or follow through market usually pause after the move but these type of strong release can destroy any trend or create short term reversals but You can never identify the reason and Smart money approach after that Currency Move.

Forex Price Action Success and Failure depends on few factors which have been described in details in this blog and several time, but advantage of moving the market at will can never be ruled out but lining up such moves can be spotted and that is what supply and demand has edge over other failure price Action Candlesticks and Trendline setups

Watchout when such breakouts happens in the market only due news and they are do tend to change direction quickly if the news is not digested for too long or lackluster approach and that is why I pick the currency pair which don't have too much influence of what is happening with currency pairs on global factors and hence strong move was expected and that is what I or We all as Forex traders need to do.

Why Trendline and Price Action traders Fail

As it is cleared from the title, I am hereby want to clear few points and question of concern which I earlier answer in mails but it is not possible to reply all of them and pinpoint every topic of candlestick patterns and their real connection with price action.

As we always hear from experience traders that Price Action is the best technique we use in strong trends and just about reaction to EMA,Support or resistance or even other indicators reacting at such levels. Does these type of patterns really going to make you some money in the long term even If you spend years to understand and practice it, but then what about the risk because no matter how your practice how you achieve success on virtual deposits.

Things does never go as we first anticipate or progress as expected because we fall in self-destructive preposition and keep working on something which are always respected to react the same as it does earlier.

*** Trading Price Action With Support and Resistance
Is not that sounds crazy that You trade Price Action and trade historical levels and expected candles to react at support or resistance the same way as it has done in the past or doing since past few decades. This is in itself asking too many questions for yourself.

***Why Price Action trading with historical levels
All the answers will be responded one by one with time as Trading blind setups of price action where chance of failures are more than the chance of winning became our habit and premium tool to predict the future price of assets,which looks quite impossible.

*** Trendline Role In Predicting Future Price of any asset

Chart above shows the only role of Trendline is to gather enough order with every test and small rallies after test is the process of ongoing bulk orders against the recent spike and getting best and real value of the price when asset was bought at the first test of Trendline.

Benefit of building Portfolio of every Trading Strategy

Some traders keep doing and showing same reaction with time and look to adapt to the situation and for some instance they succeed sometimes and manage to catch few moves but You need to Proper portfolio on what type of trades you took and what is the average profit of such system with stop and target as that always help you look for potential reward when such mechanical system is the primary tool for predicting price action

Bottom line is without understanding the complete picture and context, You must have few other powerful tools like potential risk reward and money management helps you with using mechanical system but It need complete and years of practice to perfect .

It always has been a professional approach towards your trading and lining particular pairs only that You think can offer any pullbacks but you should not wait untill it completely reverse and you left with nothing but a huge loss because of momentum carrying and sentiment changes.

Role of Crucial Support and resistance when Price Visit them again

I am not denying the fact that every support or resistance fails, but how many of them would hold nobody know but when and why the should hold is a question of complete attention and knowledge needed to read those moves. Everything should be in-line and crystal clear and should be known in advance and then only you can lower the risk and earn maximum profit potential when You look for resistance or supply is far enough to offer some 3x or even 5x reward on particular trade, where a whole candle can be an earlier attempt to look for strong move in the opposite direction before continuing or resuming the earlier attempt.

Price is all about price recent history approach and decision

Hi, Readers

It has been quite a while since new updates because I had a very busy schedule and today I have decided to update everyone once again about what is price history in real words, and what approach one should use when it is tested in strong moves and what is the reaction and that whole price action unfolds around these scenarios.

Basic of balance and Imbalance

Usually, Price moves in a structure and does not move randomly in one direction and that is why we usually see pause after a strong move and whole buying and selling moves around this pause and if there are not enough buyers or sellers price won't drop or rally and In order to price to move or rally there should be more one type of order (buying or selling) and it that point a base is confirmed and a decision that price is either too cheap of expensive has been made. When price moves away from base there is obvious unfilled orders which remain unfilled so when price returns to the base in future we can expect remaining orders to be filled causing a reacting in price and that is what supply and demand is all about history, approach and decision.

When Supply/Demand breaks

When a level is tested many times during a strong move, Supply and demand levels finally break. This can be done due to once remaining orders being filled and those unfilled orders got consumed or there could be price looking to reverse when significant amount of orders in opposite direction filled which cause breaking of level.

Broken supply/demand level holds some significance. Where once sell orders earlier now became orders and they exist, with the referred as demand levels. This mean upon return to those broken level, we could see a reaction in price, these levels are often referred to as "Swap" levels and this is termed as supply and demand and no one know whether there is supply or demand until we see approach and reaction while price tests those levels.

Forex Trading, Education Videos and Lifetime Free singals

Strong bullish momentum breakouts in S&P l S&P Technical analysis

Hi, Readers,
For those who did not check my previous post where I mentioned that I am still bullish S&P for a move towards possibly 2105 area Can look at the post here again.
Also Watch
*** How to Trade bullish breakouts in Trading Chart with Example

Question here is what made me think that bullish momentum is here to stay and its the strongest of momentum we have seen from the low as I have mentioned in my previous posts and doing it here again so. While trading momentum there are still few points that we do need to consider.

* Has price maintain an imbalance when It got a break from the previous swing
* Does price immediate recover on the day of selling or even the when the next session resume.
* Does price spike and maintain another bullish momentum after passive selling or immediately after supply days.

How I trade Bullish Breakouts in Index and Currencies

In the above chart, We can clearly see that S&P breakout from a level and maintain sustain the breakout and spend neutral days around the rotation area which is the first thing that come to mind while spoting such activity that why price has been so passive after such breakout has happened.

*** What is law of consumed supply and demand in Forex Trades with very low risk.

Price has a supply day after price test the breakout and ended the day on lows and what happened when trading resume the next day, price immediately engulf that supply and measured move was seen to end the day.

After that activity we saw a break of highs with ease and the we witness a neutral day activity yesterday. While market was quite cautious prior to release of Non agricultural pay roll data today it test 2037 area which was protected earlier and also was S/R flip and rejection in S&P Future just prior to opening bell of US trading session would have been well timed trade that send the S&P to the new highs around 2072 area which is close to 2% move in a whole trading session.

I also posted few video on such breakouts and one of them you can watch below and I would advice to just wait for such strong bullish momentum to appear and then plan your trading with very low risk trading moves and specially when You are promised to get movement with high impact release like NFP and meeting minutes and risk can hit the market any moment after such release and we can see our potential targets in a session or two .

Bullish S&P Earlier warning ahead of Yellen Speech

It has been quite a interesting month already with spikes and consolidation creating bullish flags and traders keep following their trades after panic annoucements from different bank officials from various part of the world.

Global sentiments have improved but not by bit and still looking for further bullish momentum in various indexes to continue atleast till the next FOMC meet and as the trend suggests price action will remain subdued till we are subdued for another crude downfall might be witenss.

I have recently posted a video on my Youtube Channel regarding how to spot imbalance i strong trends. Technically to spot an imbalance you need to watch out for strength of earlier trend, breakout, imbalance and consumption of supply after possible fakeout.

Gbp retail sales data and price Action Analysis of Gbp/jpy

Price Action Analysis of Gbp/jpy Waiting for Gbp/jpy data to release today and waiting for bearish sentiment to continue with more pressure.

I will update the text with updated chart before the start of U.S session today.

Gold Technical Analysis law of consumed orders

Hi, Readers
Yesterday short on Eur/usd is till good enough for a move towards possible 1.1100 area and we already have set trade at breakeven. Take a look at the post where I mentioned recent weakness in Euro will target the previous imbalance area around 1.1080.

**Those who did not watch my previous post then take a look at it here again Euro Usd Shorts

This is about Gold and how gold price have fallen as we see in the chart that shorts were already triggered when yesterday session close and I was looking for price to reach around 1224 level and price has managed to breach that level.

We saw risk aversion arrives when news of Explosions tore through the departure hall of Brussels airport, and a separate blast hit a metro station of the capital city. The news sent Shockwaves across financial markets, with investors running for cover away from risk assets. Technical Chart posted above is an example of whatever happens if You have sound technical knowledge and not willing to trade trade spikes, should have waited for the retest and close of session to look out for opportunities .

Can you really trade forex for a living l

The question people ask me most often is, not surprisingly, “Can I be successful at this?” Mostly, they ask me the question after a devastating loss. It’s a natural time to ask the question, but it’s a horrible time to answer it yourself.

Why? Because you can be successful, and every time you start to feel depressed about losing, you stop believing in yourself. If you stop believing in yourself, you stop working as hard, and if you stop working as hard, you start to make more mistakes, and a vicious cycle begins. Losses bring depression which brings more losses, and then before you know it you’ve lost your entire first account.

You don’t have to trade that way. There is a better way to trade.

I trade currency for a living, and so can you. Maybe it will take you more than a year to become successful.
Maybe more. But you can do it. You don’t have to be better than most people at math. You don’t have to score high on an IQ test. You don’t have to be the smartest person you know.You just have to be disciplined.

Come Into My Trading Bathroom

When you read a book by Alexander Elder, he invites you into “his trading room.” When you come into my trading room, you’re really coming into the bathroom. In fact, the subtitle of this introduction ought to be: A Complete Guide to Flushing Your Profits Down the Toilet.

I learned how to trade the hard way. By losing. Over and over. Think of a stupid mistake that traders make: I made that one. Think of another one: I made that one too. Only by keeping excellent records, staying determined, and learning from my mistakes was I able to being to trade profitably on a consistent basis. But along the way I learned that if you would rather flush your profits down the toilet, you should do the following things:

1. Trade as much as possible. Trade all the time.
2. Never close a losing trade.
3. Always close a winning trade as quickly as possible.
4. Never test a trading system. Trade it live ASAP

Let's talk about Euro Dollar Trade.

We might not see 1.1325 again before we see 1.1090 area. Check the chart and post your views in the comment section below.

ECB policy push Euro high and Stock Rallies

Hi Readers,
Hi Traders,

Quite an Eventful week, and ending the weak some good profit from Crude Trade that I mentioned in my previous post. Still look for more gains as my target 37.50 has been breached, although there was small correction in yesterday thin trading(priror to ECB press conference) which was accumulate at the yesterday close and price went beyond 2 month's high and Now holding those gains comfortly

Now, As there is new week to start and we will see an American DST which will push the opening and closing bells an hour sooner as compare to winter season, there would be some great trading opportunities lies in the week ahead as we are approach March FOMC meeting as Focus now shifts from ECB to this week FOMC. So if rates put on hold and we have dovish FOMC tone then we will see Euro enjoy that rally as completely negative correlated banking policies from Eu and Fed will put retailer to bet on USD weakness.

Gold weakness target 1237 and 1215 levels again

My bet on this coming week is Gold and I am bearish on Gold next week to test the levels of 1237 and below 1215 because this was the base or origin of previous bull run. We see gold rally with Euro this past Thursday as Mr. Draghi completely deny the best of further ECB stimulus package as he see recovery on track but he also maintain the tone of more accomodative policy.

Prior to this decision Eurozone push the rates back to 0.00% which push the panic button in US and Eu yeilds and Euro hit hard to 1.0821 where it found support and breach 1.0926 level and post the biggest gain in almost 2 months, when previous ECB meeting was held in Janauary where the bulls finally take charge of the multi-year lows.

I have just recently prepare a video On How I manage to spot weakness at multi-months highs and after spotting today's trading activity, I manage to spot a trade which I think is the best way to confirm the top and looking for origins of the upmove. No targets are defined as we might see the level 1237 breached and further weakness cannot be ruled out If further pressure be put on precious metal as we also eye Chinese data through the weekend which can possibly create a gap towards the target so trade safe and enter again when trading activity resume om Monday if the level of 1258 is tested again.

How to trade True Trends and Pullbacks in Forex

Hi Reader, I have been updating the blog from time to time for trade entries and also for education purpose which always keep you ahead of what market thinks and recent trend in Crude is a prime example of why I am still bullish Crude Oil. Entry from 33.52 fetching nice profits and still looking for move towards 37.50 area when next week trading resumes.

Prime reason for this article is to let everyone of you understand what is true trend and How we can wait for pullback and continuation signals when there is imbalance in that true or strong trend which carries momentum.

Few Basics of Strong Trends

* Trend must be strong enough for you to look for pullbacks and confirmation entry
*Entry should never be aggressive or conservation
*Price Must have strong imbalance between swings (Will be discussed in detail later)
*Active session breakouts should remain well-balanced in Strong Trends
*Any strong rally against the trend must be rejected strongly off Imbalance Areas
*Must wait for session breakouts after strong rejection and pullback to test that breakout when session resume trading
These all are basics of true trend and with a live example of crude I will discuss each and every step with examples in this article.

Trade Recommendations for next week

Usd/cad is in strong downtrend and we have consolidation after strong downtrend on hourly chart and Now as 1.3465 area is strong imbalance which is retest and selling continues till the day end I would like to see a move towards 1.3210-20 area.

Stops must be place 1.3340 which gives him some strong potential or You can simple look for retest of 1.3335 levels and look to trade rejection which will shorten you risk and potential of reward is much than it is right now

Forex Trading Strategies l Forex Trading Strategies that works

Forex Trading strategies that works in any market depends on the where market left and where it starts the next session within the same location or if market is moving in a particular session and consolidate in the next sessions then we should wait for the most active moving session to start and look to see where market starts and how market behaves when data arrives and the overall trend is also important.

There are some  secrets that works in Forex markets only because law of accumulation and supply and demand only works in Forex market and we do have lot of strategies that works so please keep tuning in from time to time what we offers in our next video.

Forex Trading Strategies l Forex Trading Strategies that works

Forex Trading strategies that works in any market depends on the where market left and where it starts the next session within the same location or if market is moving in a particular session and consolidate in the next sessions then we should wait for the most active moving session to start and look to see where market starts and how market behaves when data arrives and the overall trend is also important. 

There are some  secrets that works in Forex markets only because law of accumulation and supply and demand only works in Forex market and we do have lot of strategies that works so please keep tuning in from time to time what we offers in our next video.

Forex Trading Strategies l Concept of law and demand in Forex

Law of consumed supply and demand and Recent Trade Alerts

Hi blog readers, Those who follow my blog regularly might have understand the concept already as I have explained it several times in my blog posts about that concept but If you still have not managed to understand it properly, then I am again putting all the puzzles of pieces again to make it work and understand by you again.

Recent S&P long Entry in S&p Tells a story about consumed supply

Those who did not read my last post where I spotted 5% moves with almost no risk and that also in two trading session must look at this post here S&P Trade And law of consumed supply levels

I watched that trade entry every day in last 10 days but it was quite hard time waiting for a single entry but when it triggered I made up mind to let that run through all the recent barriers because Strong money always eye a particular area where Supply and demand finds equlibrium and imbalance was created.

There is no hiding the fact that Its "Imbalance that always creates trends", by imbalance I means to say where buyers and sellers both want to dominate and one winner drive the price way out of reach for others and other side of the traders have to cover quickly and sit on sidelines and watch price moves against their expected direction.

Understanding the Price Structure and Measure Moves in Trading

Hi Traders, As Promised I have again come up with further advance level of education in which I can describe the whole concept of Measure Moves which means while looking for trend entry in pullback or retracement you need to understand the whole concept and strength of recent move. Possible scalping opportunity is never far away from you but still low risk swing trade at Swing Level can proove very wealthy if You are able to read the whole structure of the price movement

How I manage to Read recent Measured Move In S&P

This video is self-explanatory in itself and Where traders have no expectation of reversing, market took a turn and never look back, high wicks at the start of session on bullish was consuming the supply and sell orders which retail traders have put when they look for pullback entry in the strong down trend and they were all caught up after and had to cover quickly.

WTI Crude Oil Chart and Technical Analysis Fxconfidence

Hi, Readers

Its quite a while since I have updated blog with the technical after I took my half of profit of my trade usd/jpy past Monday, But that was a risky choice as we were in the strong downtrend but Intraday less opportunity to pick up reversal can offer splendid opportunity once it really hit the trigger.

In my recent Post, I am about to post charts of Pound and Crude where I have mentioned How to read a price chart with session by session activity and serious participation of strong holders can easily be spotted out at the start of session or at the end of most active session through the day.

Take a look at pound Chart

Amount of time i spend in trading supply and demand and reading session activity fits exactly to that trade when We have such Neutral activity happen through a session starts to next day session, then the next move is should be watched with absolute care and timing to pull the trigger should be at the exact time and stops and targets should always be decided.

Technical pick of the Week Crude Shorts

 




These two trade went according to plan and timing and selection of trading pairs was just excellent. Later during the day I would post how to find Imbalance on daily charts and How working against support and resistance can do wonders for you and You just need to remain focus with recent Gbp/Usd crashes from the open is excellent example of why I am not a very big fan of support and resistance while looking for big profits and excellent risk rewards 

Technical Analysis of Usd/jpy Scalping Opportunities

Here lies the opportunity to scalp usd/jpy For Intraday scalpers

Buy Usd/jpy 112.80 Stops to be placed around 112.35

1st Target 113.40
TP 1 Hit Closing the half and rest at breakeven 112.80
2nd Target  113.70

Take a look at the daily chart

TP 1 hit 113.40

Market Hotspots are the areas where you need to react

In this article, I will cover every aspect where You can have some clues where Market has to react or looking to react and that is indeed is very crucial point where You need to have conscious approach and I will cover couple of chart with recent trend in Eur/usd and Possible entry coming in Crude Oil which can prove very profitable, If it reacts from here very violently.

Strong Areas of Accumulation after false break

I will cover the chart and rest of few charts that I have during weekend and possibly tell why Support and resistance self trading prophecy is so dangerous and we need to get out of that self proclaimed success system, recommend by Gurus over decades which is the worst every trading approach a trader can apply to its trading system.

Curde Oil Accumulation hints before data hits the market

I will update the text later

Taking profits on my crude oil longs enter in the direction of the trend yesterday.

Enjoy the chart and don't forget to check back later as I have decided to prepare a video on this soft accumulation process before market awaits data and take profit earlier but how they accumulate their position to get best price to enter is all covered in this short video.

Only time tell us whether there is demand or supply on approach

Hi, It has been series of question being put about why I sold eur/usd, after in such a strong trend, then the answer is fakeout of supply and that supply was seriously strong, while we see price hold too long from second decision, there was probability that second decision will bring some chopiness as well, Its not necessary but approach to supply was quite shaky or in supply and demand words it was compressed and now it is back to the earlier decision and it is necessary for bulls to remain in control or if it is engulfed we will see what happens on approach to and my answers is short it again then

Price chart is all about decision to decision

Price is all about one decision to another decision, Price does not change hands from buyers to sellers without decisions because it could not be possible for the others to see whether distribution has taken place, and accumulation prior to distribution is one strong example of price will lean away from zone or supply .

Only approach to supply or demand tell us what is holding

Euro Chart below tell if you see the left side to start with where we see strong levels protected before we see price flip from a S/R zone and given way to new strong rally and another decision was made just above the strong support zone before price finds support again and saw strong buy orders there and price went in to consolidation zone again and last week we see engulf of first decision before a new low was made.

If you still need explanation why price move away strongly after it touched the second decision, then You should go back and explore the blog for few weeks and find your answer. Price back to decision of breaking the supply and If we got something substantial then it would confirm the direction of euro in coming weeks probably by approach to supply or decision to engulf again.

Make things simpler in Trading

Its upto every trader, that whether he make predetermined trading moves, or look for approach and find out areas where market has behaved whether it is about scalping or whether it is on higher time frames looking for position trade.

By now you should have at least a basic understanding of how support and resistance works in the markets. It's always important to visualize support and resistance as an imbalance between supply and demand forces where demand creates support when traders show willingness to buy or readjust their expectations and start to buy at higher prices. But a weak demand also contributes to create resistance when traders disagree in buying at higher prices.

Euro Japanese yen Technical update Looking to target 128.40 area

Euro trade proved very profitable which I close around 1.1185, face a decent retreat from these levels and post a daily low 1.1129 .

Now I have seen the Eur/jpy chart around the levels of 127.60-70 area and seems these levels have decent buying bids into close, though U.S market are bit slow due to holiday but I would surely look to remain buying with stops around 127.35 area and targeting 128.30-40

Let's have a look at the chart 

Euro Update Picking Up profits around 1.1190 Levels

First of all look at my post here, which I posted on Friday Euro Shorts

I recommend shorts on Euro around 1.1257 closing levels on Friday close and put stops around 1.1275 levels and Now I am about to close my shorts around 1.1185 levels and recommend to remain on sidelines till the new opportunity arrives ahead of new session starts.

+70 Pips to start the week

Gbp/Usd Technical update. Waiting for Sterling stop bids around 1.4571

Hi, Traders Welcome to blog again, As I have start to update the technical portion on daily basis or when opportunity arrives as a rountine, I am here again to post few technical updates and start with Gbp/usd, Gbp/jpy and Eur/jpy.

First of all I always focused on what traders or smart money attempts at the start and the close of session and lined up pair for the next day as moves between supply and demand or say stops and hunting, because only time tell us whether there is demand or supply or even if there are failed attempts during a session, I don't take any trade as I start lined up the behavior after such failed attempts.

Pound is in consolidation pattern since last few days as it moves just above support and looking for direction so in such attempts we can find areas of rejection or false breakout just above the level if we see enough buckets of selling and buying bids were carry forward to hunt the stops and In such case I always look to sell the rally specially after day session close.

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Trader's mindset can be its worst enemy

Trader's predetermined mindset after seeing the candles patterns is its worst enemy specially when we find such pattern occurs at strong support and resistance, but what are the probabilities that such pattern will give away to reversal or new trend or even end of retracement or correcetion.

How much success does trading candles only with patterns brings and If there is so much success ratio, then How many trader's does really make a living or substantial profit out of those patterns. There might be few who might have been very strong in risk management or control or manage there trades well or does apply some filters and come up with a powerful strategy to consistently grow their account but It does take lot of years to be able to adapt to any strategy, that is why I always try to trade logics not the possibilities which I think is quite similar to gambling and probability of success and failure is not more than 10-15%.

Chart of gbp/usd have different answers for me

There are bundle of stop bids around 1.4570-80 area and If you could see consolidation attempts to run this stops today we could see a massive selling around 1.4571-90 levels soon.

Euro Dollar Weekly Update Possible low risk reward short entry

Hi, Traders Its been a fresh start of the year as trends glooms But we saw few reversals on Friday which is a good sign as there is some nice recovery seen in Crude Prices, But I not still in favor of Crude prices blown up by demand or it is just short covering ahead of big key events next week which are to be scheduled.

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Euro Dollar Update Chart

I would still like to short euro for price last demand level from 1.1183 and put the stops just ahead of Friday Session high's around 1.1275 level and pick the first profit and remain on sidelines till first level is achieved and till the U.S close on Monday.

How to spot trend reversals In strong trends

Hi, Traders

In my last post I post the how to spot trend reversals with basic demand and supply rules and In this post I will mention How to spot trend reversals with mechanical use of trendlne, chart patters and it is the best and easiest way to spot strong reversals specially when price goes up and down with a series of high and lows.

Trading reversals is made up of two-parts, one of them is emotional and other part logical. Logical part is one which is answered quickly that If risk is really worth it, specially when reward to risk is high enough that one is forced to take that risk and the emotional part is that the trader’s ego loves to call the top or bottom. The error with this emotional approach is that often, if the facts go against ones beliefs, then so much for the facts meaning that in order to protect beliefs that a top or bottom is in play, a trader will often push ahead trying to prove their theory correct.

Let's get the answer with an example

Best way to spot when a trend is about to reverse

Chart below is the cross gbp/jpy, which is in strong down trend and it is easier to spot a correction is in play when you see a series of high's and lows which can truly give an explanation that first clue of reversals will be trade with strong cash inflow in the larger to medium term downtrend.

Download my best Trading Strategy E-book that I used to make my living.

For me, Its always about keeping the simple and one that offers good reward to risk and which has strong logic of trading reversals. The logical part is that risk-reward is so favorable when trying to catch or trade a key turn. You often have heard how important risk to reward is to a trader’s ability to survive and thrive in their trading. Unfortunately, it’s easy to use Risk: Reward as an excuse for the emotional pull to attempt to buy the bottom or sell the top but what about the reversals offers few clues and has some strength going ahead, this approach should either be avoided or traded carefully in a manner that will be soon explained.

Price Action Supply and Demand How to Mark demand zones

Hi, Traders Trading week is about to end and by far the most volatile week I have seen in past few years with stocks and Indices Futures tumbles most since the 2009 for few countries. This is not going to end anytime soon, so prepare yourself with the more to come and use tight stop loss because price rally off without correcting too much and that is why Marking Correct supply and demand zones really help.

Why I emphasis lot of marking zones, because this is a technique that professionals use to panic traders and run after their stops, specially day traders and scalpers. Rallies which engulfs the previous false break zones and traders expect another false breakouts, which never arrive the usual way as it should be as there is often hurdle that joins the party and If there is profit taking price usually take a reverse path and hence we caught in the zone of trading false breakouts.

How To Mark correct supply demand Zones

yesterday price action was key for me as we see Euro rally quite sharply this week as it is completely negatively synchronized with Usd/jpy and sharp sell-off in usd/jpy really puts bulls on tops of their game and they buy everything but usually there is profit-taking and test of demand and supply zones if there are unfilled orders left in the market and this technique is used more often than not to run after stops or punch in some new cash to build and gain more profits.

Technical Analysis of Eur/usd for the day 09-Feb -2016

Hi Readers, Starting from Today I would regularly update the blog with the possible ideas whenever an opportunity is available at the end of U.S session. My analysis are purely based on supply and demand and I will cover Eur/usd, Gbp/usd and Usd/Cad, Gold and Crude.
My technical updates will valid when European session begin till the end of London and will update when to cover and when to trail.

Eur/usd Technical Analysis based on Supply and Demand and Price Action

Idea is we have strong reversals coming from the low at the start of U.S session but If there is panic in buyers they will probably test the highs with full volume and If there strong money involved there would cash Inflow at the start of most active session and Price will get rejected from 1.1245 area again and we will put stops few pips above the rejection and look to target today's low which is around 1.1090 area.

Why I like to trade parameters Not Reports

Hi, traders
Its quite a while since I have posted my trade idea or put a step forward in learning process, but all in while I was quite busy mailing replies with whatever 2-3 hours I give to trading and look after for trade Ideas for my own personal motives.

However, It was quite a volatile week for Usd/Cad and also for Crude Oil, which I thinks pushing panic buttons among traders to rush for their own trades and close it too early or too late, But it is the truth of global market, that whatever happens there is always a risk that carries the trend and reverse them on larger scale.
Let's take a look at few of the pairs that Offers unique trading opportunities in next week for scalping or even for swing trading point of view.

Whether, it is Jpy Sunami which weaken the yen most in two decades, Chinese Growth and Aussie Mines which weaken the Gold most in two decades, Or Now Curde-Oil which weakens the Canadian dollar to significantly and Volatile one and that is why I look for trades in most volatile pair and One I took on usd/cad on Friday from 1.3840 level and still holding and looking for much more in the days to come .

Download My Favorite Trading Strategies here

As I continue to speak off and wind off the weak and I would like to tell that further weakness in crude will put tremendous pressure on world and global equities, as cheap oil won't put a lot of faith in stocks holders that Economies like Canada and America would be able to survive and this panic will surely put pressure on Fed and other banks to put pressure on OPEC to cut supplies for further rise in price and supply cut would surely put pressure on crude as well and it all depends on type of situation we are in, as I am never in favor of supply cut as there are other suppliers like Iran inching towards their part of supplies in world oil Market.

Pressure on Crude Introduce Fresh long in Usd/Cad Positions

As I mentioned in the post above that I trade after quite a while and My position trade in Usd/Cad is still waiting for new cash flow in the markets when the market opens and I am expecting a move in London opening or U.S opening as I hardly sees price moves in Asian open as they are quite happy with cheaper crude as Japan and India will enjoy as their Inflation eases down which is seen due to Japanese yen strength.

Swing Trading Levels of Gold, Euro, Aussie, Newzealand dollar

Hi, Its quite a volatile markets since the NFP report, which was quite bullish for dollar but we have seen some strong level reversals by gold and Euro, So, as far as levels are concerned I have change my short term sentiment from strong bearish of Euro and gold to medium and short term bullish .

Gold offering strong levels of buying amid safe heaven demand

There are quite other facts that turn the sentiments from bearish to short bullish on both precious metal and Euro is due to the fact that there are not cash funds inflows at the start of the year after strong fall in the Dow Jones and other world's Indexes.

As, there have been not so volatile sessions at the start of the year trading, but this time around things are totally different which we have not seen is years could be the things to come with a start of bear market in 2016.

Euro with a fake break of support and offering lot of buying opportunities after retest

After seeing the above chart we have been given an opportunity to go long euro with stop very close to the recent low or rejection point which will give us very good risk reward ratio and its really worth trading as we have seen some strong accumulation after a steep fall in the common currency ie. euro dollar.

Forex simple trading strategies l How to trade like pro

Welcome 2016 l Preview of 2015 Setups based on strong trading decisions

First of all, Happy New Year 2016 to People all over the world and my blog readers. Year 2015 is the strongest of the last decade as We have some policy changes from China, Japan and Europe and the Strongest Economy which drives the Market United State of America known as Fed.

But this also a Fact that I am not a fundamental lover, despite being the fact these are crucial trading decision which always keep the volitality on check and this brings risks as U.S is the only economy which is growing out of all other Dollar Counterpart.

This Post is based on My setups and strong trading decisions which is the reason why I have been working so hard to keep the things together and maintain quality which help everyone of us amongst the best of the hurdle trying to make money based on Strong technical Analysis.

Trading Price Action Successfully With Entry and Exit Rules

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.

My Recent Trade Videos List

Here's a list of my recent trade list which tells us that we can really wait for our turn after there are rejection and engulf at crucial levels. Do watch them all for price reading edge and Don't forget to leave a comment for better response.

Price Action With Supply and demand And Recent Trade Setups

Its been quite a while since I have keep my blog updated but due to my busy schedule i was unable to spend time with my blog readers and hence this is the reason for not updating time but now, I am going to keep it updated with regular intervals

Fed Decision and Australian Dollar Response

Even though we see Drop base and rally are not most important price patterns in measuring demand but it is not the one to ignore and We have seen some patterns in recent charts that really signalling reversals ahead of recent Engulfs.

How to measure Supply and demand Zones in Currency l Beginners Price Ac...

How to measure Supply and demand Zones in Currency l Beginners Price Ac...