Institutional Traders Left shoulder price action -How to trade Head & Shoulders pattern

As I've already mentioned that most of the price action patterns failed because all of are probably based on fibo ratios, trendlines or head & shoulders breakout patterns & that is why they all are prone to fail most of time. Failed failures patterns are best to try out sometime if we follow strong Drawdown rules and don't carry loosing trades too far.

But As I said there are few rules to trade every pattern exist and well worth practising.  In this brent oil chart price spent lots of time inside boundries and coming out of strong breakout and then price consolidate abouve that & once we saw this breakout a pattern build and this is how we can see market never lets you trade pending orders above breakouts.

After market breaks out something was left on the table and that was taking out stops of  retail traders and those who trade breakouts once again had to covered but market demand or orders was just below the pattern where I mark red rectangle and once first test was completed we need to notice if price could desperate to recover & that is what happened and market build another one and second entry was offered at test of the previous holding resistance.

I would update the chart as market has reached the pa zone again for oil as this could another move up if it hold and if we see market give it away easily then we can see this breakout could be target for shorts.

Stay tuned for updates.

Price Action Analysis for Gold Futures & Crude Oil

Price Action Analysis for U.S dollar, Gold Future & Crude Oil.

Its has been quite a while since I've updated the blog but the situations are sometime quite messy. Been busy with the schedule and recent site launching price action courses and Forex signal services free of cost for complete year.


Coming back to the updates. I didnt trade for  last six months but now I've taken or eyeing few positions & looking for price to enter those zone. Recent move of gbp/jpy has been astonishing as we've witness a 700 pips move down & 1300 pips move from there in no time. I would have caught one down as I see a bullish trap and clearing out buy orders and then bang it goes on the day of Probably August UK employment data & keep following after the release of Non-farm payrolls.

It is not easy to pick up rhythm righy away and see whatz happening but those who've spend time in market got glimpses of things to come and thatz why I always look for big boys always have their eyes on Gold & Crude Oil. Rally of Brent oil also has been inspiring as well with a false pullback around 52.55 oil.

Trading Australian Employment data -Price Action suggesting to short

Price Action in Australian dollar is quite rangebound as it can be expected due to high impact release of Australian employment data.

What will be hit first 0.8000 or 0.7962 and I would look for breach of 0.7962 to short at return to 0.8000 with stops around 0.8030 and targeting 0.7860 but it all depends on how price will react as hit of 0.8030 first will cancel trade opportunity.

Will post the complete update and chart after the release.

Euro bulls have not finished yet look to add more longs

Hello traders, Its quite a long time since I have updated the blog but recent assignments and training did not allow me to complete all tasks assigned.

But everything apart, Trader should never let his/her eyes let off a trade and thats being the most important point of concern and also the fact that there were not too many opportunities to help you all explain the PA.

I would update the blog again with euro and kiwi dollar nzd/usd offers fresh long oppprtunity.

Why rumours move the price of currencies and truth behind such moves.

Forex market always move with sentiment and that sentiment can depends on various factors happening globally, and there can be short term rumours on tops and bottoms and beleive me they do work only in the opposite directions once the storms settled.

I have seen few of those moments in recent time and huge gap in strong downtrend in Euro when first round of French election ends and results were to be published on Sunday whe Forex markets were close and we see few more spike following the start of new uptrend when price consolidates for months after "Brexit", vote last year in June 2016.

In those election momemts, nobody believe the majority but Forex market already was ready for shock as we already witness move from lows of 1.0490 to 1.0750, and till date Price has moved upto 8% in two weeks and the fact is beleiving the facts not rumours.

Few more things we need to know about the market that we must understand that price is random in nature and it has nothing to do with past and history, but logic and synchronize moves does help traders to sight setups that requires low risk.

Believing in patterns is the real mistake as every move is unique in nature

It might seems strange that as if every move is different and price react differently by pip and ratios but our mind has to be trained to view what is happening on charts rather than assuming what might happen if an area is breached, as move depends on action move and then reaction as series of events constiutes a movement

Things to do for novice forex traders Facts to know is the secret

Why Forex traders fail The truth behind success and failure

Everyone in this financial market looking to make profits and they work very hard to succeed and make a living out of it, but only few of them succeed. There are rise and fall in every trader's life and practice is the only way to learn skills and keep a record of facts that are repeatedly manipulated.

But wait ! does really we see repeatedly moves in forex market or any other financial market and those support and resistance, indicators, trendlines and fibos really work in forex market. My answer is 'no'! Reason being simple as we are trained to visualize only those things which are used to trap.

Believe me or not as big movers don't have any charts and they simply throw signals on chart to institutions to trap traders and do stop hunting.

Truth of Forex market is bitter than experienced

Its been 9 years of struggle for me till I found articles that really helped me lot and consistent help for 1 and half years, totally change the way I approach the forex market.

Interestingly, in the meanwhile search through tons of blogs that sells crap resources and still make millions and they dont bother what happens to traders using that material.

I myself used them a lot but directional bias was my big problem and even though I had good cherry pick trades once in a while and excitement to trade the same patterns was another reason for me falling for same trap but you will be shock to know that they still keeps the traders interested by couple of move favoring their lgging techniques but in the long run, they hardly let any easy money off the tables for retail traders.

Risk has again hit the market and drives safe heavens and riskier assets

Forex market is always driven with risk so we need to remain sundued and learn to stay on sidelines for a while and wait for opportunities to come again on our side.

Intersting fact is this which come as a surprise which is us dollar strong sell off which noone expect and as a result usd/jpy fall 4% in two days as euro also find bids on the last day of the week.

Market has still not come out of any conclusion and news from us and chinese data still be eyed for riskier assets.

Point to follow for price action traders here is what to expect from market at the start of the week when trading resume, so good signs are always seen when market ends the week on highs and lows and pound and euro did exactly that.

We can see accumulation in Dollar before trend resumes

So, for me I would like to see more accumulation on shorter time frames and see if there are enough space for low risk opportunities but even if trend is matured there would be more consolidation and stop hunting before price finally reverses, but chances are too low but market often hints before it start planning its next move.

Trade updates Kiwi and S&P 500

If you did

If you did not read my last post then you can read and have an idea about my trade recommendations. Take a look at the previous post trade recommendations
New zealand dollar is about to hit its first target and in that situation I will put my stops around 0.6920 and look for next target 0.7030 If price did reverse from here, then still it would be nice 25 pips profits. Stay update for another trade update.

Nzd dollar Price Action Update support and compression levels holding price up

Hi,

I am quite keen to let everyone update about the recent price Action setups and the one I found today is kiwi dollar or NZD/USD.

I am still bullish on the pair towards the move 0.7030 for the short term, but the problem we are having is to breach the 0.6950 area, and once it is breached as price has compressed to 0.6880 support and once this supply is engulfed we should look to buy the pair towards the retracement 0.6990 levels.

So, Entry should be like :--

Buy Limit 0.6890-95 level

Stops 0.6870

Target !@ 0.6970

Target2@ 0.7030

Technical analysis and trade opportunity of S&P 500 Futures

Hi,

I would like to make this post short and simple with pending order of S&P futures and possibly explain the reason why I took that trade in a day or two.

Set pending buy order around 2388

Set Stops around 2380

Target First 2410

Second 2418

Chart to help you understand why I took that trade

Price Action is wasted without Liquidity Gap and reaction

Hi Readers,

I have been quite busy recently in my other financial projects, so I did not post quite often but whenever I have time I do my best to post and update about recent price patterns and oppprtunities.

I would cover this topic in the next 30 days, and like you all to bookmark this page for every update that possibly will change the way you approach price action.


To be continued.....

Price Action is quite subdued in Loonie ---Look for short setup around 1.3470

Hi, Its quite a while since any recommendation, the reason  being busy schedule. Beside being a currency trader I have my own business of selling products to e-commerce sites.

Recent price actuon has not changed quite a lot in Euro and pound as market still searching for yearly low and high.

Point of concern here is usd/cad and I am still watching rejectuin around 1.338 quite thin one and every effort beyond this line has been rejected and today's price action was no different.

I would soon try to lost a chart as  my target still is 1.3200 and we would see how price unfolds from here.

If we see new low below 1.3270 and then we will plan to sell around 1.3380 and stop would be 13405 and target would be straight off around 1.3190

Stay tuned for the chart and levels

Thin Price Action Amid Holidays--Volitality soon be pick up in Gbp/usd

This videos of pound sterling truly signifies the two possibilities in which in one of them price is reacting before supply and the demand after the strong supply is still protected quite a number of times and it is two way price Action which describes this is first sign of accumulation retested after the price consume all the supply after "Brexit", and in second manner price is looking to react around 1.2310 the strong demand which is protected so many times as it hold the prices down and when it was broken it has been tested multiple times without an engulf but thin price action suggesting consumption of orders and If we see the breakout through it and After the holidays are over we can see price Approaching towards 1.2550.

So IF 1.2310 is broken My entry would be as follows

Sell Stops around 1.2535 Stops around 1.2560

Target first would be around 1.2300 and second would be 1.2150

That's more then 20 times reward to risk.

Good Luck Have a Nice Christmas Ahead.

Price Action Patterns, HIstorical levels and Trading Strategies-- A Lethal Combination

The fact is... most traders have ample knowledge of the market but yet still can't make a consistent return. It is my belief that they're learning about the markets for the wrong reason. Instead of learning a new strategy to add another edge to their tool box, they're learning about technical analysis in order to avoid losses!

Decision making always help you succeed in Forex l Trade Advice usd/chf sell limit 1.0185

Hi traders, Italy refrendum really working as game changer for euro atleast for the current moments and hence we remain subdued for approaching price action to historical lows once again.

ofcourse I would like to see reaction that has always or will be on the top of everything, no matter what market makers and banks looking to do, my own decisions has help me achieve consistent success specially when it comes to trading historic levels.

We all are prone to feel excited when market take turns at historic levels and euro behavior is no different and If for strong reason of short covering, market turns and surprised speculators and investors to cover earlier positions or reverse or even hedge to protect earlier profits and that is what panic is all about.

Trader should always remain ready for such turns and if there is no level then there is no need to turn the paddle and try to enter in between a move and that is why I look to see if price action has manage to breach a level and how it reacts when a move is finished  or pause ans try to test the level once again and this is where decision-making help you gain confidence this also require much lesser stop and react with patience when such scenarios appear.

I will update the blog with video and chart for the following trade recommendation.

Trade update 7th december 2016

Usd/chf pending sell limit
Current Market price 1.0100
Trade type Pending sell Order.

entry 1.0182 (sell)
stop 1.0220
target first 0.9950
(I would like to keep my targets open as there are more important levels to target)

Price Action approach to trade supply and demand l Forex Strategies to trade approach at supply

Hi fellows readers, Its quite a while since I have updated blog with any chart or suggestions but the situations did not allow me as I really waited desperately for the Nov. 30 OPEC meeting to see If there is still holdings on crude can really move the market and create the panic and create risk and that is what has happened. But I really focus on charts to see the reaction and my last week entry to Aud/cad was the reason why I wait and concentrate a lot and there was no risk and reward is already 10-12 times as I mentioned areas on the chart very clearly.

Why I see reaction on historical chart when background is easy to read

As I mentioned above, you can watch as clearly on chart there was strong reaction while first supply hit the market and the reaction after breaking those areas was quite strong and you mentioned the first break and approach and price fell 400 pips and then we see reaction to few pips away from main supply and price fell to the bottom and from there we see reaction to supply which was consumed and another reaction to same consumed level to the demand which confirms that the true supply is somewhere else and that pin point react to the red line which I mentioned the was the real area of clean orders.

Price Action approach to true supply and to clean orders. Video can change the way you trade Forex

Understanding price action means collecting pieces of puzzles to fit them into the overall context l Forex trading without indicators

While trading is not the difficult but even as not as easy as we first anticipate while we make decision to trade Forex, We build several forex strategies, search several resources online for knowledge and opt for different style of trading with taking help of several indicators. But none of them work at all and atlast we left with nothing but to start it all over again.

Chart should be clear as crystal and context should fix with every price action move

While I spend years looking for help and certain methods to help me build any system that can help me make some money and built a successful career in Forex and Future market but all those years.

Let's understand the whole chart step by step and see what are the rules we need to know to use supply and demand in Forex trading. First of all we saw a strong bearish pressure and a recovery which calls it bearish flag and this bearish flag has two strong supplies as mentioned in the above chart.

While price test the first supply and got rejected and found demand and when price test it the second attempt then because of the fact it was consumed so price had to find demand at the last big orders where price spiked off. After price went through this first supply it met with the second supply area and the rejection was obvious but we never expect them in real as price can ignore strong supply and demand areas anytime.

While price rejected of this supply it use to behave at the previous supply turn demand and price found new buyers there and now we see the approach to the real supply of the flag which was also a strong bearish pressure and top of the bearish flag and approach to this flag was quite compressed and all the orders get filled and we can short at this strong supply when we have such context fiting into the background and we don't need any indicator and trendlines to tell us what to do in such scenarios.

In the following video you will Learn and understand How to read a currency chart with no help of any indicators and how it all fit into context with no risk

Forex trading strategies for beginners l Supply and demand rules to trade

I will update the blog for the rest of the month to help you find imbalance and some rules you need to follow to trade supply and demand in currency trading. It is not that difficult to trade currency with supply and demand but still it has to be patience that you need to test everytime you find setups on a chart.

Risk off rallies in Gold futures targeting 1306, fed minutes eyed

It was quite a busy month of october with a lot happening around the world whether there are talks of supply cut of crude oil or us election vote prediction.

But In this risk of rallies us dollar bears and gold future has benefited the most but as we all know that three day federation meeting is about to finish today and focus is once again shifted on rate hike and uncertainty of us election and crude bearish rally would put a lot of thinking and I would expect these risk off rallies might continue till the us voting.

Speaking of gold futures bulls make a clear breakout and retest of 1274 area and retest of area with strong bullish momentum once again put bulls in charge for a test of 1306 level and I would recommend to put stops close as possible and use adequate money management in order to trade correction or reversals.

Trading would remain volatile as we are approaching Us election next week and investors and speculators will keep shifting their positions in this risk-off rallies as crude oil supply cut talks are in the news as well and meeting on 30th November will decide if there would be a supply cut of 4% set initially but there would be a lot of amendments can be made as Iran and Iraq are all set to enter oil markets with much cheaper crude prices and lot of consumers who are using high volume of crude have shown interest to get supply from much cheaper suppliers.

Forex Scalping l Can trader make a living scalping ? Guide to Forex Scalping

It has been a fact that people often look for mechanical system for day trading and scalping for quick profits but still they don't really know the way to do it and indicators used for scalping and it has been pretty difficult to select the pairs we can scalp and enough profits from it to continue to depend on Forex for a day living.

Build your system for Scalping in Forex else Practice this system for months to see its consistency

Forex Scalping is perhaps the most widely used term in financial market because there are not too many trends in stock and treasury market on consistence basis but there are few pairs specially exotic currency that really moves a lot on intraday basis for trader's benefit and that is the real benefit of working in Forex market rather than any other stock or financial Market in the world.

Forex Scalping needs combination of RSI EMA and Fibonacci

Checklist for the system. Plot a 14 period RSI on daily Chart
Look for direction above 50 or below 50 for the trend.
Also plot 50 period EMA on the Chart
Move to 5 minute chart.
Check any movement that is above 40 pips
Trend has to be clear with RSI Value
Now apply fibonacci to this 40 pips move as shown in the below chart.
Now wait for price to correct 61.8% to 50.0% but not below 50.00 as I don't consider there could be any institution driving price that low to sell. When Price retrace to the mentioned fibonacci number wait for the price to break below 23.6% . Also check that IF price break below 50 period ema and retesting the EMA (real bonus if EMA and fibonacci provide cluster or confluence) Last point check RSI and set stop above 78.6% which should be below 50.

Live trade example 16th October 2016 Gbp/chf

s&p 500 index looking to start another down leg towards 2072 l U.S Index update

World Stock market are on a verge of falling over, and S&P is no different. Because of the fact US is facing assembly election next month and also federation chairman Yellen and his fellows looking for series of rate hikes next year. So, that all stands for strength in U.S dollar and weakness in stock market and I am still looking for test of the 2162 area,and then we could see decline towards 2072.

S&P and US stock Market hesitant of any bullish rallies ahead of presidential election

We have seen lot of sideways movement after we broke through strong levels and IF there are rallies then those followed by extended sideways correction and the area 2114 is much strong level both ways and any rejection here and there we could see strong decline ahead of the election in U.S. Reason being I am favoring bearish price action In S&P Index is that price has not correct too strongly after the rallies from the bottom of 1900 level and records high does not seems to be getting enough cash flow and market is quite hesitant ahead of election and that is why market can still be looking to get their funds out and spend in U.S dollar or any other liquid assets like gold and crude or even treasury bonds.

Us dollar future looking for breakout l Spx look to start its bearish rally

hi readers, last week we witness some strong rallies in the opposite directions both by Us dollar future and us index spx and it remind me of old days when fed officials want strong dollar at the cost of cheap stocks and hence we could see start of some strong year end rallies that might continue next year as well.

Us dollar future looking to break as talk of rate hike in december fuel the market

Talking of us dollar, we see a strong spike by us dollar which could be ready to break the recent one and half year sideways correction. keeping in mind last federation meeting was quite crucial as all the officials thinks of december rate hike is on the cards most probably and this lead to rally in us dollar futures immediately and since then there is no stopping as now we could see a rally towards multi year high of 102.00

How traders should look to trade pullbacks

Forex trader eyeing this rally and looking for small pullbacks and it could be test of strong trading levels which hold previous rally or pullbacks to ema and small risk opportunities which can give way to strong rallies in coming future.

Speaking of Us dollar one can track the main driver of us dollar future i.e Euro dollar and as we break below 1.1040, and now we can look for retests and rejection of this level and keeping in mind the risk involved we should keep the stops very small and look to drive the most part of this downside rally which is eyeing 1.0750

Forex traders should be good enough to manage risk in volatile market

As a forex trader, we should be ready to take this type of risk and small risk trading strategies should be in our database as we must test them from time to time and make use of them when we need them most.
Technical trading is the way we can control our emotions and even in this type of tense situations where moves are happening so fundamentally, we should rely on our trading strategies for entry and risks, because rallies or statements can be revrsed anytime and we can caught on the wrong side of the market, so preparing good money management strategies to tackle with risk is a quality of a good trader.

Pullback trader should look for caution retests at historical levels and rotation centers

I have prepared few checklists where I look to spot currencies which are trending strongly in the one direction and then I start looking for possible entries with small stop and it can be a historical level, rotation center, fakeout or even test of strong supply level with caution or with compression.

Forex trading is about timing and news can never help you ride strong rallies and news cant be a big driver all the time and the one very good example is canadian crosses which are in strong downtrend specially gbp/cad and also usd/cad which has corrected from 1.4700 to 1.2600 in no time even after strong bullish momentum during past few years. Reason being the crude which has recoverdd 50% from its low. I beleive nlw its time foe euro crosses to come under pressure soon, specially eur/cad which has somehow manage to avoid its bearish startoff. Now I would be watching the retest of 1.4730 level and from there I would like to see new downside presure towards 1.4100 level and I would update the blog with the charts of eur/cad and spx during this weekend.

Role of ema's in forex trading strategy and How to use indicators to filter EMA's

In this Article I am about to discussed various methods where you can use EMA for better trade entries and the rest depends on your accuracy how you find trend and how you work with it to find more and better trade Ideas. But you must kept one thing in mind that accuracy of EMA crossover totally depend on type of timeframe you use and best use of risk reward.

How to use EMA with Bollinger bands to trade Forex

In this chart, I have used EMA with Bollinger Bands and I always use to work only if there is enough dominant trend in one way and In the chart below we have see price manage to find a low and rise and there is atleast couple of strong moves.

First thing You need to find out is Watch out for break above 50 period EMA

Secondly, watch out for test of middle band and IF you want better entry then watch for second test IF first test failed to test band and second test closely waiting for band to touch the price and In such cases we manage to set pending limit orders with stops below last swing low as shown in the following chart.

Value of Risk Reward when You use EMA trading strategy

Before You research a system and want to test it for how much success You can have You need out find out situations where it work best and situation where it respond very badly. But IF you keep track of what you have manage to find out best in a trading system like this You have much better chance of Making much better earning from such system than you first anticipated.

How I use EMA with RSI to filter my trades

How to trade forex for a living as a beginner l How much does a currency trader make to make a better living

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Everybody keep asking questions about How do we start trading forex and can we really make a living trading it . It it never easy and IF you say you can do it with hard work and willing to spend long days on screen, and pick up technical tools plot trendlines and fibos and learn few basic candlesticks and use them all to look out for setups and congratulation to those who have been doing exactly what we need to be a failure.

Making a living out of forex could be the hardest job to do if you are a beginner,coz as a beginner you need to spend time to get use to profile its structure and specially the pair or pairs you want to trade as a beginner as it will put lesser stress and focus can totally be shift when you saw selective and rewarding trading opportunities.

One always thinks is it really possible to make a living trading just one pair and lets say if it is euro and it drives the sentiment and opportunity in euro is always on the cards as dollar index futures rely mostly on euro and us dollar is an international currency used for reserves for global transaction by almost every country.

So, us dollar future can be a premeire choice for investors and speculators and stay with it for atleast six months and just look trade clear swings rejections strong confluences and retests as I always mention in my charts.

But when you are on a role and specially at first phase of forex which is building strategies and understanding the limitations and risks involved, you are bond to show emotions and greed even you had great success in doing what you like and the worst part has not yet experienced and it often happens to almost everyone of us when e have no goals and no experience and we just trade for profits and everything is just buy and sell.

But I trade with plan after few years of failure and that plan includes the following:-

Analyze the risk of trading system

It becomes important for everybody to understand that you analyze the risk of every trade you open and for this you have to be completely aware of the risks involved and type of market you are trading and what is driving the price. Is it news or any unexpected event of riskier assests or price is just moving to catch the stops. It is the first clue when you see stop hunting that strong money is looking for areas to step in and that is why they accumulate price and consume all orders buy and sell and then drive the prices in the direction they want.

Then what things we should do to make a better living trading forex and How much do a currency trader make, so that he or she don't depend on any other income sources to make a living.

Let me help you with few examples and power of risk management.

I use these techniques after years of research and we can turn a $1000 dollar account to $1 million in  span of 10 trades but there is no time limit and it depends on setups and time you are willing to spend to look out for such setups but good option would be look out for couple of pairs and start analyzing daily and h4 time frame for low risk reward opportunity.

I set up a plan in which I use to consider few points that risking 20-30% and look for 10 times reward should always be the good one and right approach to your trading. I know risking 20-30% is way too much for  beginner trader but If You look out for lower risk and look to build your account with low equity, then probably it will take years for you to get to the destination. But if you still have a plan of risking the much you can afford and make money equal to your account equity, then it would sound good if you even have 20-30% success rate and no wonder you all have idea of what I am talking about even with this amount of success rate.

For more information hyperlink this page and look for updates for till next 7-8 months.

Another question might be arising out of mind that how much initial capital do we need to make a decent living or atleast keep us interested that We would make enough if you keep a plan and follow it.

We can make simple things look elastic If we have a plan and starting capital of $1000 is more than sufficient and then you can turn you luck and fortunes to make best use of your skills

Always track three to four pairs in a month that are trending nicely

In order to make a living trading Forex and maintain a balance between winning and loosing trade first thing one need to know is to stop looking for shortcuts or holy grail systems like indicator of Robert that can help you find trends and You can plan your trading based on those mechanical systems. Best thing to tackle any problem is always track couple of pairs that are trending nicely and you can look for low risk entries in those pairs and look to enter in squeeze and then there is big chance to understand PA and make most use of the opportunity provided.

Reason I always track couple-of or maximum of three pairs

in the whole month and look for setups and clear example is the following chart of kiwi dollar where I found no risk opportunity and my target was the trading history level and it was a good 10-12 times reward opportunity and that helps me a lot understanding the Forex not only as a beginner but as a opportunist and rest of the time I keep waiting and tracking but never hurry or rush to a trader ever.

Its not easy for us to look out such big reward opportunities but overhead supply and compression to supply was a big reason for price to fail at the historic level specially when there is new low found and price made and attempt to rejection or new supply level. Look at the chart below for more information.

Us dollar is about to explore to strongest rallies in recent time----US future technicals.

I will soon update the blog as Euro is looking for support around 1.1115 area and soon we can see a rally towards recent high and see the pressure made by bulls to make a break, and then there would be much better view of the recent price action.

How to learn forex l Forex strategies, courses, pairs and system l concept of risk management

Forex trading is somewhat draw attention of every speculator and investor specially the ones who has good background of stocks and bonds market

why would one be interested in Forex market as this is the biggest financial market volume wise and liquidity providers are world's biggest banks, brokers and hedge funds. So, first thing you need to do is learn the basics of trading contract size pip value its history and mode of investing.

Forex Courses to choose from while speeding up the learning process. One thing, one must bear in mind that there are no hard and fast rules as one must stay with the mentor or source forever even if it is quite hard to understand and implement whole or part of what you learn.

How I manage to start my forex trading is I built couple of demo accounts for Three majors like euro pound and jpy against us dollar future. Then I  pick the trending and pair with clear swings on daily and intraday chart. I use to find low risk reward setups on hourly and on daily and this is the reason why I pick one demo account each for scalping and swing trades.

From today 4th October 2016 I am going to prepare a special column on the right aide of blog in which I would update opportunity and setups on daily basis or opportinity wise for next 3 months. I would pick Euro dollar, us dollar futures, gold futures and crude oil futures.

By doing this,You as a reader, would have idea on how I approach my trading from starting till now and how you can pick some of the good risk reward opportinity and ignore most of the intraday traps.

Usd overnight exchange rate hints a big turn around in Us dollar futures as pound tumbles

we have seen a big downside squeeze in pound exchange rate against us dollar and in result usd overnight deposit rate squeezed to +135 bps to 190bps.

 This could be just a start of us dollar dominance in coming weeks and months as speculation on rate hikes has come to extreme and it could just be around the corner and banks have started to buy us dollar against all major currencies and targeting the weaker one of them all in the recent time and if pound keep managing to struggle against us dollar then we can soon see euro and other major currencies start following pound.

Euro dollar has been in big consolidation mide since the mid 2015 and we have not seen any big rallies that follow any spike on weekly and daily time frame but we do need to watch crucial areas as bulls can play a trick for stop hunting and any rally that fails above the recent high or any big squeeze that fails within a session or two can be a very good area to enter.

Keep watching the blog for updates and I would post chart very soon of Us dollar and euro dollar with entry exit and targets.

Useful steps to choose before choosing a trading system----See the facts you need to know before relying on traditional methods

Forex price action strategies

------Never use failure price action techniques like fibos, trendlines and candles as price never react at those levels randomnly and if you expect trendline to hold the price when it is tested then think about it again because when I have to buy some dollars I wont check if a downtrendline is provide support but rather I would use that trendline to catch stops and always look for initial breakouts failure to catch the buy stop orders and after taking the stops for long trades I will catch sell stop orders just below the retesting candle and when market catch all the stops of sell orders then once again I have the best low price to buy and that is the logic of not using trendlines to predict randomn price movements.

Price action is the only and most effective tool

for trading, not only because it helps a trader to see the higher probabilities areas of trading but also most recent price level is used which can attract lot of orders e.g News can drive the price anywhere but after targets have been met we can see starting and ending points of targets provide strong trading levels and they are much more reliable in any case because that might be the areas where large bulk orders were placed and those who are still looking to enter the market after stop hunts can look to enter at the same levels and hence giving you an area to work with which is very reliable and logic behind is very clear.

We trade fibonacci waves, harmonic patterns in such a way to catch reactions at particular level again and again but common why market take turn at those levels again and again as price reaction at those levels is not random.

We just keep on learning different advanced price action techniques but never use our brains to come out with conclusions that what are the probabilities that a paricular fibo number will hold the price and a down or uptrend line will force rejection.

Shocking truth is these fibos trendlines and candles only tells 10% of the price history but as a matter of fact I never believe that a term trendline ever exists or helps trader to take trading decisions.

But as a matter of fact breakouts. Failed breakouts and approach to certain demand and supply level or retest of a particular are the most reliable and offer strong attribution of trading facts and as a matter fact are more reliable.

Weekly Review week started 2nd october 2016 ---- Us dollar gold and euro looking for direction

Trading was quite light amid consolidatio due to profit taking during weekend and largely due to lack of fundamentals that drives the prices. I am waiting for trading to resume this weekend and as this week is another NFP week so one thing we can see is movement in USD crosses specially Us dollar future, gold and euro.

Prices of Us dollar and euro are in extended choppiness

Its nothing new in Forex trading that currencies went into deep sleep and price often do that when there is no participation by strong holders and volume behind moves are very low and spikes often got faded immediately or in next few hours and it never too far away from catching stops both ways and price start resuming trend again or even can reverse and in case of Euro price resumed its downtrend post Brexit and fall apart along with pound but has found support but approach to overall supply has been so compressive that I waiting for reaction at test of capped supply and Will look to short towards the alone origin and it could turned out to be a best risk reward deal if it behaved as expected

Us dollar can remain bearish prior to NFP Data

As far as weekly review or opportunity is concerned Euro will remain bullish and you can see buy on dips scenario but If we face relatively volatile price action for a session or two we should atleast wait for breach of strong supply or demand and in this case 1.1050 and any rejection from new highs and breach the mentioned area then we can look to sell the retests and that is the best way to trade price action.

Trade plan and strategy to trade currencies future and gold

Main purpose of this blog is always to let everybody give confidence and alert traders of possible opportunity available this week and also about technical knowledge. I always use to have one trading strategy and plan that give me clues of risk and probabbility of movement in currency in the coming week and I often keep eye on risky events and possible reason of rejections and stops. e.g this week I expect euro to show more movement as compare to its rallies in recent weeks.

Reason I am quite cirumspect because im my last post I expect price to hold recent support and that is what price has done and it holds and in such scenarios when price holds one area then it possible look for the next strong area that is holding the price up or down. As a traders you might have heard few technical terms like capping supply and retests and that is what exactly price respond to capping supply and when it retests the previous zone which hold the price up we can again look for this area to give away and then the whole context might be easy to understand. I will soon post chart on the idea what I am expecting right now and that is what forex trading is all about as it is about a plan to keep things straight and target the pairs that best suits the opportunities wise i. the coming days or weeks.

Long term updates of Euro-dollar. Approach to trading levels ---Forex trading strategies

In this article, I have taken the example of euro-dollar chart to let everybody know that price respect strong rejections and strong levels while approaching those levels and taking these into mind can really improve you as a trader, and when you have similar things in mind then You are surely going to approach every trade like a pro.

Euro dollar sitting on strong level of 1.1150-1.1190

Last week we had a test of 1.1110 and that level was faked out with a rally above 1.1190 and since the time pair has breached that level we have seen strong rejections out of the level and reason been not too many traders or institutions interested in trading these levels and they trap traders with trendlines, fibos and patterns and recent downtrend line could set another example of rejection getting bought out strongly once again and we will see rally towards 1.1390 area once again and we can again see downside rally towards 1.1100 area, and we will see how price behaves on those levels to make them possible tradable opportunities.

Us dollar Futures and Federation policy---- A strangulation for traders

It has been quite a while since federation has hike the rate in sequences but It has been while since last fed make any changes in policies and that is why US dollar futures has been in ongoing extended consolidation, and there would be no changes whatsoever till we start the next financial year and trader fed will have enough data to rule out any further hike or give traders what they want. But talks of december hike is again on the cards and it has been quite a long way to go and we can witness fall in US dollar till we got firm indication from FOMC that rate hike sequence is just about on its way.

Wait and watch policy for US dollar traders and don't expect anything

We can witness bit panic rallies today from on 21st of September 2016, but I won't expectation anything more than retail traders panic rallies and don't think any institution or banks would enter the market and make those rallies much smoother one.
I still waiting to federation to be more dovish today and area of 96.40-50 hold any upside rallies and then we can soon witness US dollar to find headwinds and rally towards 94.90 area and I would post a video and update If we don't see upside rallies which break through 97.10 area, but I have never witness such extended consolidation and may be us election could be the prompt reason that come to my mind and that is how I approach my trading activity and hence we still can see downside rallies towards the mentioned target and today retreat from higher levels could just be the start of downside in coming weeks or even months.

Also watch out for RBNZ rate decision couple of hours after FOMC

Reason of failure in Forex --- Trade Possibilities not expectations

There would be certain eyebrow raised when you read the title of this article. But there is lot of difference in expectation and trading possibilities and that is why lot of traders do tend to fail and most probably 90% of the traders fail and the reason being not on the right track but keep looking for assistance of indicators fibos trendlines but do you really thing there is any need of such tools to be used in trading or chart tells you different story altogether when you just look to see what is being presented to you.

Reason of me ignoring mechanicals systems like EMA's RSI and Fibos

I started trading in 2009 when I was presented with certain methods of predicting the price and different failure mechanical system brought me to the reality and wonders of Trading and I started feel about the system being controlled by few bunch of individuals providing liquidity and facilitate trading but there has to be few ways where they trap retail traders and I started working the real manipulation of trading and found the real way of trading and meet few individuals who thought the same way like I do.

Gold Index futures technical analysis and long term view

I have several plans to trade gold in the long run and I would still think that gold has fair way to go to the upside before it crashes down once again But I trade possibilities but not expectations as it is mention in the article heading as well. I have prepared a special chart video at the end of this article which will show How to approach trading and use technical for your own benefit but if you don't consider risk reward and money management techniques then You should take a closer look at this chart.

How I manage to apply money management rule in my recent trade setup of gold futures

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When you see price spiking off the consumed demand or even climbing after engulfing the source the most probably it will fall of the new supply or even ignore demand and supply level historic levels or levels where price had history and that is what Gold has done and after engulfing the source of the upmove price has rejects off the capped supply and Now I would watch closely how price behave of 1302 and 1351 levels and inbetween there are no trading levels.

Forex trading strategies- Education portion and analysis of us dollar

In this chart I have explained what is risk reward and what is potential fakeout and complete understanding of the chart and you don't need to wait daily for such setups as they are properly planned and you just need to understand the logic and then react.

Please do check the video series of my channel and I would every effort to daily update everyone about trades and potential opportunities. Do like and subscribe my youtube channel

Qualities of a Forex trader - Timing Reward and good money management

Hi traders,

I had few weeks off and again here to update the blog with the best of the services I can offer. Today, I am here to discuss with you the qualities of a traders which you or me all need to work and It could be really daunting task to change the habbits but once You are good at doing what professional traders do, You don't had to follow the instructions from anybody else.

Forex trading is rewarding but facts we all must know

There is no denying the fact that trading is rewarding and that is why lot of institutions organizations are putting lot of efforts daily to facilitate trading and take their part and they don't care what others win or lost and that is the best quality a trader can have. You should never look for what you put at stake or what others are doing and you should know what your strengths are and should always look to act when needed.

Risk Reward in Trading is the best thing a trader can work and if you are strong in getting high rewarding setups, and look for the low risk opportunities and have patience to watch out for such setups, then that it is the best thing we can do. A setup below really explains it all for a trader and such setups are rewarding when there is complete understanding of price action and you have such strong Risk Rewards and I always like 10 times or more reward and that setup certainly had the potential.

U.S dollar futures looking for direction

Its quite a while since we have seen rallies from dollar index and its counterpart Euro and reason being the dovish Fed and key data awaited and no hikes in recent months after the first hike in December last year, But I think its just a matter of time when Dollar future will find direction and when It rallies it would be the strongest in the recent weeks and months. I have a trading plan to trade dollar Index and Gold Futures and I will keep the blog updated from time to time or when the opportunity arrives and that will help you to find low risk high rewarding setups.

Chart

Gold and Silver Looking for breakouts up or down Key level for Gold Future 1300

Price has been trading in range from 1300 to 1380 for quite a while and I am still expecting that support to hold the price for a move towards 1340-55 area from where we could see another rally downwards from the Gold and there are no global clues of improvement and signs of growing global economies and economies like China, Australia biggest importer of gold are struggling from growth and hence banks are looking for tightening and it really needs a lot when they start expanding their balance sheet or we can see this type of reaction till the U.S election but I am expecting the ranges might be over in a week or so when we enter the last quarter of the year and that for me is always the most volatile quarter of all the year's trading activity.

Trading signals or recommending trade opportunities for the week 12th september 2016

Time to know about potential fakeouts l gbp/usd overview for the week 28th August 2016

Trading has been quite choppy during last but as chart speaks to you and there was no institutional and Banks involvement was seen and hence we don't seen price move strongly in one direction. Up and down both sides price found support and found sellers at the top. I really found a chart of gbp/usd, which I found of my liking and I think it will be better off to share.

Price Pattern to trade Potential fakeouts

If you take a look at the chart you will find reason there was strong rejection of the particular area on the top marked with blue rectangle and when price bounced of the lows this area hold the price for three consecutive rallies and then finally we see a break of the area and then price retreat of these levels and It was quite evident that we will see some reaction when this area will be again test and hence price found resistance again.

Friday rally was very low risk and Now I expect price to find support between 1.3120 and 1.3040 area, and rally again to 1.3280 for a test and this time If it got rejected we will set pending sell limit orders around those levels for another rally towards 1.2950 area, but IF price could not found support then we won't bother to look at this potential fakeout.

ways to find true trends l exit and entry rules in Forex

Trading has been quite choppy and reason being the expectations and japan and Britain focus has now again been shift to Federation and next meeting will be a concern that september rate hike talks would be strong and we can see a hike next month when federation member met for the policy discussions.

Ways to find true trends

Its always important for us to know the trending pairs and play a waiting game till the price itself talk about the next move. No laughing stroke, as I see chart talking about the next move and that is what a trader has to look out for. Recent price action in Aud/nzd tells me that parity is again on the cards specially when so many rejects and overall bearish trend is roaring and we see another rejection Friday and test of 1.0700 area will be rejected once again and we can see 1.0450 and 1.0270 are and that will be a much better trade entry with no risk at all.

Entry and Exit Rule

Sell stop at 1.0700

stop around 1.0735

Target first 1.0580

Target second 1.0450

I really want to test If price has rejected with purpose and supply from 1.0700 has been tested twice and reason I am quite confident that Price has engulf the last flag which was protected while it was tested last time and this time price has strongly rejected from the supply again and this time engulfing the demand strongly and that is the reason any test of 1.0700 will be rejected and that is why I always trading pairs which are trending and have clear swings and have least risk involved.

Swing trading is not easy but logic behind Swing trading is quite simple and you don't need any help of Indicators and other technical tools to spot the involvement of strong money as they hardly watch any chart to move the price and they use charts only for one purpose and i.e stop hunting. That trade of Aud/nzd can really help you trade naked charts once I post the chart in my next post of trade diary for the week August 14th 2016.

How to find Imbalance on a chart-- Supply and demand Indicator

It has been quite a busy week but at the end of the week as it happen mostly on last trading Friday of the month and last day of the week, currencies starts moving erotically and usd/cad was no different.

But what different has happen as it was on the cards and when you spot smart money around you can expect movement in every correlated or non-correlated assets class pair and as Canadian dollar is directly correlated with Crude, whose downside pressure was on the move suddenly we see profit taking and GDP numbers from US and Canadian Area was surprising factor in the overall context and hence strong movement was already witness on the chart.

Ways to find Imbalance on the Chart

As you all might wonder, what is imbalance and I have stated it so many times in my blog Articles that strong trend reversals out of nowhere and then minor bull bear fight to move the price is the "Imbalance", area on the chart and we all must eye such locations and canadian dollar recent up down movement was a great clue of something will give away at some point and today was the day.

IF you see the chart clearly I have mention two areas where strong set of orders are seen after price make a new high and fail to hold on those highs are first clue of collecting all the buy orders against the big sell orders and this week new multi month high was no different as price engulf that with pressure and after that you just have to find the approach to supply and QM area to short and where risk to reward should be atleast 5-6 times but pair has fallen more than 150 pips so that rewards was never expected.

How to Master the Art of Swing & Scalping Trading Techniques in Forex

Its has been a struggle for new traders to how to choose from swing trading and scalping as short term risks are always better for them to get small profits and build their accounts and they try using lot of indicators and expert advisors to see the results if it suits their trading style and yet it never did they never been able to admit that there is no such path of success that leads to shortest way to get there and scalping is such an illusion that traders find themelves very difficult to get out of those short term money making techniques.

How to use selective approach and be versatile in Forex

As a young trader, everyone use to try everything, atleast for first few years and it has been happening to everyone of us, not to every 2 or 3 out of 10 traders but 9 out of 10 traders using same techniques and mistakes over the years, but technology has changes and everything is made available so easily these days, but choice and control depends on traders as it always been the case.

But how and when is always the biggest question arising out of minds. So, lets start this journey with few checklists that we always need to be aware of while picking up choices between swing trading and scalping.

To start off, scalping is a technique which we use to trade to pick up small profits by entering a suitable pairs for several times a day .let's say scalp euro for 10 pips with stop 3-5 pips and do that 3 to 4 times a day and you succeed half of the times. So risking 5x4=20 to make 10x4=40 which means reward should always be 2 times or more.

In the process mentioned above even If you win half of the times you still make 20 pips and even if you loss three you still loose only 5 pips for the day and it is easy to recover next day and hope you win 3 out of 4 and that process continues and you start to believe in yourself that slowly and surely you can built such techniques and from time to time apply filters to make these scalping technique much improved and easy to use to identify setup to make a sound living out of Forex.

That statement tells us the importance of money management skills that we use to implement in our trading no matter what strategy we use and no matter which trading style we adopt but now the question is which strategy is so powerful that help us identify the direction and pinpoint stops and profit target that we can use the entire day or even a single session on day to day basis.

Simple answer here is adaptability and our accessing power tells us pairs that are trending and for this we should not be limited to a single cross and pick multiple pairs that are trending and find trade locations which tells us the probable profit potential.

Simply pick gbp/jpy and pairs which trend strongly everyday and yen paris hardly offers extended choppiness and are best to use while swing trading and necessary tools you need to pick up trend with entry and exits are being discussed in details below.

Necessary Tools to pick for Swing Trading

You can pick any indicator for scalping and for this purpose I pick bollinger bands, RSI and fibonacci.(settings are not important as you can use default platform settings)

Trade Diary for the week july 2016 l Gold Future Euro Exchange rate.

It quite a busy outing altogether for currency traders with risk on and demand for safe heaven this month and I still would expect situation to remain subdued for the risk on trades.

Trade Ideas for the Gold Futures

I posted two posts on gold future updates around 1380 and 1332 and both the conditions were fulfilled and price is now in PA zone and I would expect price to remain volatile and react to recent new supply and I would expect the rejection and towards the target around 1305 area

[Also Watch :- Recent Articles on Gold futures ]

Euro dollar trading FOMC Statement

Euro dollar is moving in narrow range and trading just around the range low ahead of 1.0900 support and I would like to keep an eye if there is any rejection from that support and price manage to stay above 1.1050 for a move towards the range high and then possible new direction to new high above the range.

With recent Price Action and FOMC statement due to release next week, I would like to see price reacts to support and we can see bullish price Action in Euro, but still price action is very bearish and I would post an article after the report will be published and Euro is surely to find direction after the report as there is not a lot happening from ECB, and traders are really looking for Fed officials comments for the direction in Euro exchange Rate.

This week is full of fundamental analysis with focus shift on FOMC statement as talks of September hike is really putting risk on as after what happened after "Brexit" referendum has put lot of pressure on Federation and If there is any report telling that of shifting the rate hike to next quarter would really put pressure on U.S dollar and it can retreat from recent levels and Australian dollar would be bought from the recent levels but due to recent talk of Rate cut and recent price action can dilute the comment and we can see price don't react as expected.

Focus is shift on next RBA meeting next week

Trading such scenarios is quite profitable when Price Compressed to supply and rejection are followed by choppy and sideways price action as Pair look for direction ahead of strong fundamentals report and If expectations are not met price usually lack supports and bearish pressure is quite imminent.

Chart

Canadian dollar is all set for new direction as we saw a break above recent range and retreat from these levels but Price has strong support as mention in the blue boxes in the chart and If price manage to break below these areas then I would like to see the approach towards the supply and I would still maintain my bearish outlook for the canadian dollar towards my next target 1.2630.

How to trade Rejection in Forex with recent price action in Canadian dollar

Price has manage to react to the strong areas and rejections are quite volatile and this confirms that new high would probably show the same momentum as it has show in recent weeks.

[Also watch:- How I manage to Pick bearish Price Action In Gold Futures ]

Comex Gold bulls facing headwinds around 1344- Trading Gold Futures

Hi, Quite a while since I update the blog and the reason being quite a dull and choppy price action and now I am watching gold for the past 7 days or so and recent price action facing headwinds If we see a rejection of 1342-45 area, and this bearish rally would continue towards 1295, which is I think strong handle and there would be a decent fight between bulls and bearish to protect this area, but for the time being focus has shifted towards 1345 area and below 1327 which I think need to be cleared first and then we can see more bearish price action to follow through next week.

Rallies followed by Reversals

We do need to understand the overall structure before we can make any decision in trading

Reason I am quite skeptical about this Gold future rally is that Whenever we have strong liquidation break to the upside, we have seen substantial selling interest which increase with minor rallies and Whenever we see price approach a particular supply or demand area after clearing opposite demand aka supply, we see price tend to behave dramatically when It finally gets to the origin of the move and this time we already have a retest where we see compression towards 1345 area, followed by rally towards 1310 area, and recent rally is strong from the lows but I doubt whether It will continue.

Trade alert Australian dollar possible push towards 0.7714 l Trading employment data

Trading Australian employment data - Forex News Trading

Hi, i will update the text later

Canadian Dollar Trading BOC statement l Whatever the decision Canadian dollar will collapse to 1.2470

Canadian dollar is waiting for BOC members to gather for the policy guidance and make forecast about rest of the year GDP and other policy decision giving canadian dollar directions.

Whatever might be BOC decision Canadian dollar is about to collapse

I won't take much time explaining you the fact why I think Usd/cad is about to collapse strongly for the rest of the week or even month, below is the chart that explains it all.

You might like reading:- How to spot Clean set of orders

Also Read this :- Gold Future Long term view

Learn to trade currencies like a Professional

Learn to trade forex like banks l Live trade Example usd/cad

Trade currency is like a challenge to everybody specially If you have been trading for a while with no success and still quite dedicated to learn and adapt and prepare yourself, but still you need to think out of the box and learn tricks that strong institutions and banks use to trade and I have done my best to put it all together and everyone out there because I know how frustrating and hectic it could be to trade currencies for years and yet suffering from directional bias.

You might like reading:- How to spot Clean set of orders

Currency traders in years develop millions of trading system and only certain number of traders use them to make a living off Forex trading and yet we have all the time in the world to learn trading but we look for shortest and easiest way to approach currency trading and hence look for trading gurus to help them and urge for sharing their trading methods and strategies, but after certain number of months and years we did not even get any success what we work hard for or what we deserve and reason being the logic and when we look to trade multiple mechanical systems and multiple self-failure prophecy systems.

Also Read this :- Gold Future Long term view

Look at the chart below and you would understand that how easy it could be to learn and read a currency chart like pro and make a living and successful trading career. step to step guidance is very important and I have put every effort to make it crystal clear and for me patience is the key until the smart money pull the trigger and we just need to find trade locations and half of the work would already be done and you just need to watch out for the tricks that happens afterwards

Learn to trade currencies like a Professional

This chart is a clear example of how we should target a pair which is approaching strong demand or supply area according to our analysis and this would put lot of stress out of our mind to target and analyze multiple currencies charts, indexes, futures and commodities. I have post a small screenshot on the left of the real usd/cad chart which went exactly as shown in the diagram. Price could react to certain price patterns and could reverse or look to continue above the mention target but it has already spike from as low as 1.2890 and currently trading around 1.3120 so it was a nice profit overall. I would post couple of more charts in recent week only for education purpose.

Weekly Price Action Analysis for the week 11th July 2016 l Canadian and BOE policy eyed

Hi, traders We already had quite handful of events in the last couple of weeks and it has been no different this week with volatility will again be on the higher side with two large banks gathering again to discuss their long term policies and future forecast and specially Bank of England would be under tremendous pressure for future guidance as they will have to keep everything on track for new policies and with new headwinds coming their way. So, it is important to look out for other pairs which have direction rather than just looking for these two pairs as smart money will keep looking for stop hunting and pairs will suffer from clear direction at new high or low.

Price Action Analysis of Euro/dollar and U.S. Dollar index future

Price Action analysis of Eur/usd and U.S dollar future and they will be under radar and look or the help of risk aversion for the direction as they are lacking fundamentals at the start of the week but at the end of the week U.S Cpi would surely fuel the prices of the both euro and dollar as September hike would also depend on Inflation numbers.

Technical portion of U.S dollar and Euro