Trading Gold Futures Contracts

What does Gold Futures contract means

Gold Future contract is a legally binding agreement for delivery of gold in the future at a agree-upon price. These type of Gold Futures contracts are standardized by Gold Futures exchange as to quantity, quality, time and place of delivery i.e physical delivery will be with the difference between the Gold Future price at the time of contract and actual price at the time of delivery.

Market Participants facilitate trading without Physical delivery of Gold Futures

Market participants or hedgers use these type of contracts as a way to manage their purchase or sale of physical with providing speculators or investors with an opportunity to participate in the markets and trade Gold Futures without any physical backing, but only with agreed upon the price with a difference of opening and closing of a trade of Gold Futures.

Why Gold Futures or any Other Precious Metals Futures

There are few aspects that need to be cover and one of them is that Precious metals Gold Futures or Silver Futures are traded over centralized exchanges and because of the centralized exchanges, Gold or silver futures offers more financial leverage, flexibility and financial integrity than trading Gold Futures with the contracts. Let me emphasis on the point more that Financial leverage is the ability to trade and manage the high market value product like Gold Futures with a fraction of total value. Trading Futures contracts is done with performance margin. It requires considerably less capital that the physical market and because there is high leverage used in Currency Market and it provides speculators a higher risk/high return investment.

Bias of Gold Futures Remains on the downside-Technical outlook for the week May30-June3

Weekly outlook for Gold Futures as We can expect bit of choppy sessions in this week due to two huge release scheduled at the weekend and i.e ECB policy decisions and NFP data. We can see risk falling through if there is any unexpected policy decisions being made by ECB bank officials and followed by Big change in participation rate in coming event of NFP data which is scheduled to released this Friday and the last NFP report before then next FED meet scheduled to release later this month. Any change in Unemployment rate up or down would certainly put risk at glance and drive Gold Future prices with volatility.

:: sell Gold Futures @1212 with stops around 1229.
::First Target 1200
::Second Target 1182

I always advice setting two pending orders and expiry is 48 hours. Close one order around 1200 and trail the rest around 1216 with risking 16 points to make another 16

Trade watch Gold Futures

After First Target was reached and profits were booked, waiting for the second target and stop out at break even of the second lot.

EMA Trading Strategy 200 EMA 50 EMA cross over l Built powerful system with EMA Crossover Strategy

One of the famous strategy that everybody should be aware of trading currency or any trading market is EMA trading strategy which is also know as "Moving Average Strategy", and the rules are simple when a particular period of EMA (Exponential Moving Average), cross other EMA of set period then we trade the cross in the direction of the price and we need to have some strict money management rules to trade any strategy and same rules applies to EMA trading strategy as well.

EMA trading system setup or Moving Average Crossover system

As we all know that every mechanical system is lagging but If we look in to the scenarios and apply few filters and look for overall sentiment then we can make any system as powerful as it can be and there are strict Forex Money Management rules that we need to follow while trading crossover.

Look at the following chart for example.

This is the Euro Dollar Chart of 20th June 2016, in which price is in strong bullish momentum after recent fall from the top but manage to cross the EMA period (35,20),and upward slope is solid and resistance turned out support is holding and that is what we should be looking to trade EMA Crossover strategy, in which price should test after cross and atleast make a new high in last 5 days, and today we saw a big opening up gap and price is looking to fill the gap and meantime testing the EMA as well, and If we see after testing Candle manage to close above the open and we set a pending buy limit 10 pips above the last candle high prices and set the stop 10 pips below the lower low of the signal candle, but make sure momentum does not fade out too much as there should not too much sideways movement after price has rallied high or even while price testing the EMA or support whatever suits the scenario.

Filters to be used in EMA Trading Strategy

***Price should make a new 5 days High and crossover should be strong

***Entry Should always be made at retest

***Price should never goes sideways after making a new 5 day high or while retesting EMA or Support or Resistance

***Entry Candle after retesting EMA or support or resistance should close above its open.

***Entry should be +/-10 pips above or below the low of Signal Candle and same rules stops should always be +/-10 pips of the same candle.

***Strict Forex Money Management Rules are the key to this cross over system and Risk to Reward should always be 1:2 or 1:3

Another Example of EMA Cross over strategy Gbp/jpy 20th June 2016

We are here looking for another short setup in gbp/jpy which has managed to break below strong support zone and it also was the multi year low and we are still bearish to the pair till we get a strong weekly bullish candle signals the change in momentum.

However, we now need to see the chart if it fulfill all the necessary requirement that we mentioned in the above checklist as this went straight into the resistance and could be another trap if price manage to trade below the indecision candle.

200 Period EMA filters the Noise

Here is One EMA (200) period, which is used to filter the noise as it is the most used EMA world wide to see the slop of the trend up or down and IF 200 period EMA is flat, then there are lot of sideway movement can be expected, and one more thing I would like to mention here that in case of sudden reversals in overall large dominate trends, up or down price use to test 200 period EMA and use to reverse again after testing down the EMA.

There are numerous filters used with EMA throughout the world with success and one of the widely use filter is trendline and slope of EMA and trendline most probably filter the noise from the chart as it can only happens in strong trend, and trader use to target exotic pairs to trade EMA as usually they require less time to watch too many market data and spend tons of hours for setups. One thing is sure that there is no trend building up without Ema Crossover, but we have to decide which crossover we should use and what combinations we should use to make the system more powerful and hence worth using and making the system work for you in the long run.

Trade EMA with high low, ranges and breakouts and retests

The above Chart of Loonie tell us the power of 200 EMA cross over and we have to look for the slope and If it is too strong slop and we have ranges above or below, then we can have the idea while price reach and expect to react at EMA 200 period. EMA 200 is so powerful and IF you have knowledge and practice of low high, ranges and breakouts with support and resistance, then low risk entries can prove to be very strong risk reward opportunity.

In first case we have almost 2 months range, which make a new high and rejection from there made a strong base at 200 period EMA, as price went into tight channel while it test the EMA. And after price Rejects from 200 period EMA, it rallied. We can have the same scenario facing up in the next setup where we have tight ranges and rejection and price went into channel to test 200 period EMA and rejection from there price resume the trend and we can have large range or we can see large bearish trend resume from here and it could be very good opportunity IF we place the stops above the second rejection which was at S/R flip as well.

How we can use EMA 20,50,200 with Bollinger bands and Other indicators Step to step guidlines on how we can use EMA's of different value for day trading and for swing trading with the help of different indicators like RSI,Bollinger bands and Stochastic oscillator.

Here in this forex market there are several powerful trading system based on several indicators but ema forex trading strategy is vastly used and is included in almost every Forex strategy. If you are good at controlling risk and have patience to wait for entries on higher time frames then it is the nest way to use ema to filter trend and wait retest of ema and specially if it is a confluence or any fibonacci number or strong demand areas.

How to choose best Forex Trading Strategies l Forex Secrets

Over years, there are millions of Forex Trading Strategies have been invented and used successfully and best part is that without caring about what the fundamental impact would be over the coming days, those strategies give results in longer terms, and this is the best part of trading with Technical Analysis that You don't care what impact news would have and how much movement it is possible, but still there is lot of noise and selection of time frames filter the noise and whenever you choose any system or mechanical method to predict the future price, You need to have the complete knowledge of every time-frame from monthly to five minute chart as it will clear most of the doubts creeping out of your mind. However, with time retail traders develop the different methods of predicting the future price and they use it to predict any market currency, future, metal or energy.

In this section I would probably discuss the best methods to predict the Future price of any currency pair, but it should be completely tested over time and targets to make the best use of any system as it will enable you to understand drawbacks and sentiment which works best for the system you use. .

Most Famous and best strategies to Trade Forex

***EMA Trading Strategy

EMA trading Strategy is most simple and famous and the best choice for comers to predict the market movement and It is probably the first one to tell you that pullback is over and Trend is about to resume. yes, this is the best way to trade EMA that You look out for pullbacks rather than looking for reversals. Take a look at EMA trading Strategy

***Fibonacci strategy to predict market movement

Fibonacci method has been used by bunch of traders and professionals that are using Elliott wave to predict the future price and pattern of five impulsive and three corrective waves provide lot of accuracy and early warning to call the bottom and top, but this post is not about Elliot wave as I have easiest way to use Fibonacci with combination of RSI to give you best strategy to trade trend and with the strategy, You can never miss an early entry to multi-week trend and with only 20-30 pips of stops. Check how you can use Fibonacci Method to improve Trading Results.

Can we really make a living out of Forex

Hi,Its been quite a choppy price Action again through the week due to lack of high impact news and it never works for a trader to plan any trading activity when there is lack of participation from a group of traders whether bulls or bears. Forex Trading is somewhat different from Stock Trading and you need to learn different price Action Techniques which you use in stock trading to make living out of Forex. Definitely, there are immense opportunities, but need to remain selective in your approach while Trading Forex and make it work for you and make a living out of Forex Trading.

Things you must need to know If you want to make a living out of Forex

First question that comes to mind of every trader who want to make a living out of Forex is How much capital do he/she needs to invest to make a substantial profit and rely on Forex to make a living. It is really important to know that amount of capital a trader can invest can totally rate their ability to make a living from trading. In fact, capital plays a vital role in making decision and large capital can offer great returns. A trader's skills to access size when condition does suits the style one adopt is really separates a skilled trader from other novice or amateur trader.

Also Read:-- My Best Trade Recommendations

How to Rate a Forex Trader Performance

Trust of the fact is that Trader's performance is dependent on various factors. One of the main factor that a trader who want to trade Forex for a living is the control and the ability to analyze market, but what does we do as a beginner is to invest small capital and dream of making millions in short span of time. So, where does a trader look to rely on circumstances which are unlikely to occur, whether one accumulate profits and compound it over time, still you have to use leverage to take unnecessary risks to build their account in short time or pressure of making a definite amount If you rely on Forex For a living and they dream of making 10 times or even double their accounts in a month or two .

Forex Leverage a double edge sword

Leverage is one tool which offers high reward couple with high risk as well. So, If you don't learn the technique of money management correctly, the benefits of leverage won't really work for you at all. Leverage does allow a trader to take large positions but leverage is not dealt with the care that it should be. On an average day trader look to make 10-20 pips a day on $1000 account and try to make $2000 quickly, may work for a shorter period, but in long run one should learn to adopt few rules and learn to build their account slowly if one want to make a living out of Forex. As the account grows the trader may be able to make a living off the trading, but attempting to make a living off a small account will surely more likely result in increased risks, excessive use of leverage would more often resulted in excessive losses.

Trade Setups and Trade Diary for the Next Week

I would cover more points in the coming weeks and months which would clear all the thoughts of preparing yourself If you want to make a living out of Forex and post of the articles to tell whether You can really rely on Forex for living.

Pound is still bullish of all the major Currencies True Trend

Its been quite sessions all the way this week amid lack of participation of strong holders, but Pound dollar is exception to the as it is trading with clear swings up and down. I found this pair to found some hurdles ahead of 1.4610-25 area, but when it is clear we certainly keep an eye on 1.4661. Chart explains that pound certainly found some bulk orders at previous area of demand and supply zones and it often happens when a pair like "Sterling", can't hold it too much in choppy market conditions and there is always happening something that really can fuel bulls and bears to participate.

Also read :--- How to make a living out of Trading

Entry long was offered at 1.4485 low with minimum risk and hence it was well worthy to test 1.4600, hence I got in and out early because bit of downside rally to test can be seen and if 1.4661 is cleared then it would clear the hurdle to clear the supply and higher prices can be seen.

I always enjoy clear swings and set of demand and supply to make me feel that how much risk can be taken to see if price manage to test the high of supply and that's why I always watch 95% of the time and take action only 5% of time and I really enjoy such trades which falls for true demand and supply with complete new set of orders and Cash flow at the start of sessions, specially if it is one of the active sessions.

Also watch:- How I was sure of Rise in Gbp/usd

Trading supply and demand approach and Reaction at Crucial tests

It has been a treat to keep updating the blogs and thanks for the requests at youtube channels and also in emails . This post is all about how we manage to trade higher time frames tests and approach. As you all know Price is Fractal and We all look for historical monthly and weekly charts to better analyze our trade entries and look for better areas to put our stops and maximize our profit targets. But Indeed, If you every know what is market is about to do or react you don't really need to use stops at all or even few pips even at higher time frames because market set pending orders during test at pin point levels and It could be psychological tests barrier like 50,00 or it could be at strong supply tests.

It is a fact that during the free fall or news price did not manage to collect all the orders that it need so that is why sometime we see facts that market recover in seconds when news is released and price start to cover.

What happen in such Cases, Price recovered and test the origin of the fall and see If market reacts to it or If price has engulf the crucial support or demand we do really see a reaction when it gets to the origin of the move.

I was asked same question several times about one of my video post at youtube channel and It has really forced me to come up with a solution which is easily understood and help you manage and decide your trades accordingly.

Some pairs rise after consumption of supply immediately and fall after there is no buyers left and all the demand buckets gets filled or you have seen enough evidence of Distribution Phase or few traps after the completion of distribution phase. As these levels are easy to spot when a uptrend collapse and hints us the end of phase.

But Currency trading is somewhat different from Stocks and Indexes as there are trends does seems to stay there forever till they are finally signs of reversal seen on monthly and higher time frames and the above example is just a an small example that long term downtrend is about to resume and it can also called "redistribution", and in the example shown above is simple approach of supply and rejection and rise to "QM level", when price engulfs the demand and approach the supply again.

Then what you need to do while see such scenario set pending orders and set stops because market is going to test the next decision point if found pending orders on those areas.

How to separate Frustration and Emotions from your trading.

We all learn several techniques as a Trader, even we use same in stock, commodity and Forex or Future market, and those strategies have been used by traders since the inception of Trading, but why then they have been so successful and why we are not and the shocking answer is Frustration which brings emotions in trading that really destroy every mindset or change it for a while. Frustration can really of several type as not understanding the market price action or poorly time trade without knowing the result or reward of that trade making mistakes which could easily be avoided. Reason of raising this matter is the case that has happened to me just recently where I was stopped twice of my pound sterling trade and succeed only once but that does not patter. IF we buy and sell at the same place then It really frustrate your mind as all those several years spend in trading can really be of no use.

Pound bulls attack 1.4661 Crucial Turning pont

Situation has completely changed in Pound dollar after I post yesterday that pound will look or a decline from 14580 but It has mange to break it with ease and manage to go close 1.4661 which is clear defining point between bulls and bears. But I would put on my bet on the bull side for a ride towards 1.5035, no matter what happens to Fed and BOE.

Could be the case of buy stops and sell stops stack orders

IF you watch the chart posted carefully above, then you can probably see that If price has managed to give sellers and buyers both any chance to dominate and When It is the case price is trying to consume all the supply to buy at best of the price, and If that is the case then price probably will become volatile and all the bulls and new cash flow will be punched into the market.

Pound Rise due to Brexit postive Report but headwinds Ahead of FOMC

We saw pound sideways movement through this Month of May after expecting Price to move ahead but it got trap in ranges till Today Brexit Poll Report shows Remain leads to 55/45, really pumps Pound bulls and pound Rise to as more than 150 pips from the daily lows and "Do We need to use our brains to know the Situation that why that move happened ahead of FOMC Report", may be We don't really are too serious about the unexpected even but that is seen on chart. Price Was due to bounce from lows and create new high and let trader guessing ahead of FOMC report.

If market manage to gather or pick all the buy orders in that move which took place after the Release of Employment and Earning Index From Britain, then this could be a biggest trap ahead of FOMC meeting. I can see a Trap waiting and FOMC Report has to be published with 6 hours from now, but Really maintain and staying above that breakout will really put lot of doubt in traders mind that consolidation breakout is looking quite bullish and positive data supporting that move and there is no chance of reversal. But You need to stay ahead and see who is in control, Bears can dominate and take the benefit of squeezing all buy orders and sell at the best price.

Buy orders squeeze in Gbp Ahead of FOMC Report

> This Article might change the way you approach forex market completely. I will update the Article before the release of FOMC report to let you take benefit of this report.

How to select Currency Pairs to trade Trending Or Sideways

Since I have start trading Forex, It took me while to understand which pairs should I line up for the next week. So, I decided to target News calendar for that Purpose and see which Currency Pair has high impact releases to be Scheduled next week and then I decided to take with the trend entries only and upcoming reports should match with trend entry. But that did not work for me in the long run as I struggle to find out the reason why currency pairs reverse even after strong data in favor. Strong Release does move pairs but If that release brings risk aversion, then It can reverse totally, but Chart should be decisive enough for us to make crucial decision at such events.

Well, It is quite clear that only few major pairs dominate the market volume as it is prime choice of bunch of traders, and every strategy you built in may not suit every currency pair, because few currency pairs offer strong movements and volatility, they still might not be best one to trade at particular scenarios, specially at the time of release. Australian Dollar, Canadian Dollar, Eurodollar, Pound dollar and Dollar Yen are prefferrable choice for every trader to look for their profits but still there might be few correlated pairs that you can use to hedge positions but still You does need to see enough reason to trade the rest of the currency pairs that offer movement and are trending as well.

There are so many factors that influence the movement of a Currency Pairs event after positive data release that should offer strength and good enough to buy but still it moves lower and trade has to be close due to loss. Its a trader's responsibility to track which currency pair is dominating e.g Dollar has been dominate against pound since last year or so and When You expect couple of news can drive sterling higher or reverse the trade, then You should built several strategy that offer entries in trending market.

Let's be more decisive with the chart to clear Doubts raising in your mind

Pound Policy Statement and Inflation Report

These two reports were the highlights of previous week as Pound was moving sideways for extended period in expectation of this release and as You see in daily chart pair has already reverse and that bearish movement was quite significant and one should always look for short entries If trend start to reverse of a new high.

Let’s take the above scenario from another perspective:-

There is another perspective that You can take it from above example as you expect British pound to increase in Value, so you want to buy pound. But instead of just look to buy pound against the dollar, you search for the most suited pair to do it with. And after bit of search you find that Australian dollar has been the extremely weaker of all the currency pairs, and you decide that you will buy Strong Pound against Weak Australian Dollar and this works well If you would have been able to do that because it was weakest pair of all on that day.

That's How I find Trending Currency Pairs with Logic and timing

In the example above, you might have get the idea How banks target different currency pairs at different scenarios and How just a big of understanding of the logic and overall context can offer you sense to buy best currency pairs in the trending market even with weak reports which is unexpected scenario but still quite profitable one if you manage to use bit of research and choose optimal currency pair.

How to trade confidently in any global or domestic Market.

Hi, readers, As I have stated in my previous articles that Trading Price Action is all about confidence, but Price Action does involve lot of logic and sense and it is never about doing what we are not suppose to do and by that I means taking choppy market into consideration and letting a loss run expecting that price will come back to your entry again and in expectation drag your too far and get loss more than you first anticipate and that what we all suppose to do what We never or ever should be doing.

Trading with psychological edge should be our first motive and that really put you far from the hurdle who trade for just profit and don't consider why a high probability setups is something we all have to look for rather than high frequency of volume which increases the chances of losses more than chance of winning. Volumes never brings profit as there is always a risk of giving back the profit your earn when you try too much out of Thin Market and specially when trading is So thin like this week and We must observe what price action should do after breakouts in such thin trading sessions.

How I manage to Read the context in Price Action

I thought about taking few Price Action setups of Euro dollar several times this week, but really Price Action did not allow me to do so and hence I drop the Idea of taking any setup and watch if market offers any trap and failed breakout, and today I find out that breakout yesterday was a false trap and another trendline rejection would allow me lot less risky entry than I think of it at first sight, and that is how price action behave after the rejection top which was the base of the selling and because of the fact market compressed to decision point, there was good chance of rejection at trendline as most traders would set pending buy orders at trendlines and that was no exception and Price make a new low today and a setup which initially have few doubts but nothing after rejection as I made my mind to sell at close of rejecting Candle.

Also Read:- Watch How I Recommend Selling Euro After weak US Employment Data

So,a setup which was looking like breakout of choppy conditions again failed and market was free to fall after the rejection as chances of bounce were very often in such cases and risk was minimal to zero as We never look to drag the trade and set small stops and look to close when market find a new low with momentum.

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.