Trading signals & price Action analysis of gbp/us

04/12/2017 GMT (06:00)
Sell Gbp/usd @1.3480
Stops 1.3515
Target 1.3440
Valid till 09:45 (GMT)

Forex Trading secrets How does technical analysis helps a trader to predict the future price in stocks & Forex trading

 Intraday Trading signals

There has been a dialema of techical analysis when it comes to forex trading to predict future prices of a currency, futures or commodities. But how does it help us in an extent to entry & exit and all we can rely on Few techical aspects like fibos, trendlines, Indicators and support and resistance.

But what about few market conditions that drives the market & risk which always hovers when it comes to live market conditions. We still have 50% of the chance that market will react in the same manner on what we expect it to do. Then, why we need to stick around charts for hours and apply hundred of technical strategies to look for outcomes.

What I personally do is to pick my hours of trading & rely on reactions of previous sessions & work on risk rewards may be two times of the risk. Interesting fact is this that still I have 50% chance of trade going my way. Si, if I pick 3-4 pairs a day & try to apply money management skills there is a good chance thatbI end up with profits everyday & that is why I start backtesting of trading few days ago for next two months and seriously it is rewarding

-If you like to take the benefit of all my trades  in a real time, then stay tuned in the blog or for real time entries to your email open an account with  CMStrader & post your emails address in the comment section and not only I'll train you to become full time trader by guiding you to where to look for price action but also provide you complete support for next three months.

Forex Trading : you need to read this article before try to make money through hediging.

Trading signals

Hi Readers,

What I am about to discuss is the most important part of trading which is known as hedging. Hedging can be of two types. One is hedge the lossing pair with double lot or hedge the correlated pair in the oppposite direction and if you do it for long term investment purpose then it is the biggest threat to your account capital as it put all your account equity at risk if one of the position will be driven by risk.

Hedging don't work in long term position trading as you can see a pair in full flow take time to reverse and other correlated pair might reverse at pace leaving you to start showing fear & mistakes will start showing on your account equity. Same can be said about recent trends in Aussie & Loonie. These two pairs trend almost oppositely since decades but recent reversals in canadian dollar is way to sharp Australian dollar is in long term consolidation perhaps investors or banks taking a breather for big moves.

Loonie or candian dollar post a multi year high around 1.4750 area, and fallen to  the low of 1.1950 area, but Aussie has not recovered from the lows of 0.6500 area leaving hedge fund too start looking to move other currencies like Euro &  Yen or perhaps inject some cash in Bitcoins.

Ema Trading With example of current price Action of Usd/Jpy

Following the backtest of EMA price action as I mentioned in my previous post Recent pair to watch usd/Jpy.
Price is being strongly supported by EMA 72 and 20, & Price action occurs only when we see a break of yeaterday's high & that can happen at today US Market open.
PA will be strong break with outside pattern and retest of the broken area or EMA.
Check the chart.

Trading signals for 30/11/2017 & price Action Analysis of Major Forex pairs

Sell nzd/usd @0.6830 Stops around 0.6860
Target 0.6800
Price manage to break through yesterday low and test today low and rejecting off the EMA 72, On hourly timeframe.
Signal around 5:30GMT and valid till Gmt 8.00 AM Till EU market open. UPDATE ====>>》》Trade Closed for +7 Pips. ===================

Bitcoin Trade l Price Action analysis and signal for bitcoin

Bitcoin ha manage to recover from 9269 to 1.0290 at the time of writing. Buy Bitcoin @ 10350
Stop around 1.0150
Target 1.0550
Signal issue at 3:30 AM GMT(0:00) Bitcoin Target hit +200

Bitcoin Trading chart Analysis

Chart shows test of EMA and rejection and that also was previous swing. Price started to consume the sell orders and also keep checking the demand with the test of EMA. At the time of entering price pullback to check the strength of trend & post strong bullish candle and the test of orders at this candle was reason to find bulls again.

Forex trading with Ema and support & resistance l Forex trading strategies for beginners

 Hi Readers,

I have been testing a system based on price action support resistance to trade for Intraday scalping & result of previous couple of days are quite encouraging. I've practice on more than hundred of mechanical systems in my trading career of over 9 years but non of them is profitable except couple of them which I've shared with you earlier & I would like to share the antanomy of trading forex with EMA. h3 What is EMA & why support and resistance is important to filter trades.

First of all, I would like to tell you that EMA is the average price of past number of candles and its concept quite vague without the help of price action & support and resistance. Ema actually is used differently for different pairs as different pairs react differently on EMA settings for different period so you should always check back history with different EMA settings to see which settings should be used for a pair which is trending.

which EMA settings should you used & other important tools to confirm entry & exit.

While trading EMA one need to make sure to use technical indicators like trendline, candlesticks & accurately mark support and resistance on two time frames higher than time frame you are trading. Marking support and resistance is important to set stops and targets as without its use you cannot develop any profitable strategies no matter how accurate systems you developed.

Chart I posted above is gbp/usd chart, and EMAN settings I used for this chart is (72,20) SMA to close. This is a perfect example of how PA should hold when trend is picked up. There are arrow marked when EMA reject the low values and EMA is providng strong value and value shifts higher.  There was one break below EMA which was yesterday and immediately after that close we saw a strong outside bullish bar to reverse the prices higher again clean and high probability trade came when US market was about to take over London market.

When market test the EMA we already had breakout of a bullish flag & that time we were entering the most productive market session and target was daily high at 1.3438 & entry came at 1.3385 which was above the yesterday. If you move down to m5 chart you would see the outside bullish bar contained 13 pips, which breaks above a falling trendline and that was our entry point. You can easily set your stops below the swing low of that rejection or few pips below yesterday high and get good reward for your scalping trade & that is how price action with support and resistance should be traded with the help of EMA.

For Intraday scalping in Currency trading, one should always look to use pivots or good support and resistance or fibonacci tool or trendline if it is providing good support and resistance. Always look to trade logic with good risk reward. Although I don't consider this method a completely one dimension mechanical system but still aim for good rewarding trade increase the probabability & help in money management calculation.

I would keep updating the blog for next few days with some scalp on different pairs and would also update you if there is any other filter that can be used with this power combination of EMA price action support and resistance method.