Wednesday, April 29, 2015

Trading is all about remain conscious

Trade Consciousness

Trading is all about remaining conscious and really to dig in when that opportunity arrive and that is what Supply and Demand is all about, as it always gives you opportunity to think ahead of the market.

Thinking too far ahead really put a lot of burden on you mind and hence shifting timeframes could be issue for you, But remain focus and calm and checking what Price is doing on different time frames really helps us to pick some food to remain alive and when opportunity offers you to bag bigger then we always have the privilege.

Trade Update Eur/cad



As It is cleared in the chart that price activity after rejection of demand and supply, and reaction after broke the area and initial activity was slow and follow up moves were strong and finally today when European session begins price rise with wicks and absorbing all supply and after that there was strong bull candle which test supply and it was the area to take 50 pips profits and sum up the day.

I have certainly spotted up buying to start off the day in Eur/Cad, specially the day when lot is expected from Fed to deliver but as it happened in the past there is not much coming through. But still I would be looking to see if the new demand area is again tested on day and if imbalance is still present in the market I would certainly step in and bag few more.

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