Trading plan l Linning up currencies to Trade

Its been a nice Journey since I decide to put up this blog to help novice and new traders and even for experience traders. But some questions always do arise in trader's mind that what to do in the spare time or at the weekends when there is nothing to do.

Some traders prefer to spend time with the family, Other prepare their journals and most of the traders prefer to keep looking at historical price movements on Monthly and Daily charts for the possible setups.

I always mention on my blog that price turns and continuation is decided not in advance as most of them are decide as per sessions on Intraday basis till we have some strong holders keep moving the market for a week or for a month by most. Other trends built up take months to decide and still without the help of others no one can built trends for years or even decades and Price will keep facing challenges when strong trends tend to reverse or shortlived after strong run.

I am putting up lot of efforts as I prefer to stay in a trade for a day or two by most and won't enter until I get a strong confirmation of continuation because after a run there surely would be few sessions of consolidation or sideways movement and price take a pause before another run upfront.
As such it is not wise decision to line up pair which is trending to go and buy and sell immediately and one such example is the chart I am going to show in my upcoming posts.
This is a chart of sterling with possible turns with changes in momentum after the weeks starts before it shows strong run and reverse when the week start, which is in itself a strong statement that price turns are natural and Nobody controls the price no matter whether they have bundles of potential untill they got support from other holders.

Gbp/usd Reversals and Continuations

Most of you would think what is the reason of showing this type of values on chart, So defining conclusion is that whether we trust any historical chart or not, Most of the patterns give you returns as such only 15% of the candlesticks patterns do offer you strong reversals or complete reversals, So how wise is to test those patterns and continuation signals when the trading week sums up.

I would put up few more charts where you can decide in advance how to spot up behavior of strong money prior to price gets there but It should be part of strong imbalance and this area should have been development area of test once. It is just a matter to see whether to count a breakout is strong and has continuation power or it is just fakeout.
Stay tuned for another chart that offers you substantial return and activity is spoted and synchronize on every time frame.

How to Identify Strong Demand and supply Zones How to Trade breakaway Gaps and Importance of Gap in Currency Trading

Intraday Trading techniques l Technical supply and demand levels for Intraday opportunites

Hi,
I have shared each and every technique I know here on my blog, you can check out the blog for any help and mail me on the address mentioned below in Intro section for any help personally.
The question arise here is whether supply and demand can help trader built a portfolio based on Intraday level. The answer is big "yes", because For me Chart is a fractal and every move from Minutes to Monthly being done on same approach.
So, it seems interested to everybody and feel excited that If we can spot trend on monthly and goto lowest possible time frame pick the swing break and then pick the lowest risk entry and target the swing high. So, the answer is you can but how and that how become possible if you select pairs that have clear demand and supply levels on daily or higher time frame and LTF shows the same synchronization with the higher.

Take Closer look at this Chart that will completely change the way you thing and that being proved time and time again and again so many times.

Eur/Aud Technical Analysis Simple S/D levels

This is complete treat when you see such opportunities and this is what we all live for is that one opportunity never go bagging and we make enough that always keep our interest and confidence upto the extreme level when we compete with the best of the lot.
It is important for intraday traders that they check pairs that are trending and have syncronization with higher time frames.
These are the few points that we need to understand
* Price should have protect the true demand and supply levels

* First reaction should be crucial and wait to see if price has engulf the nearby supply or demand level.

* Price must go back to test the existing levels specially when it react fast to the level.

* Test should be strong and that level which is tested should be fresh and not tested or consumed before that test.

Trading would be a treat if you consider such points and levels as mentioned in my chart.

Trade Well.

Euro looks weakest of all amongst its counterpart l Supply and Demand Zones

Hi readers,
It was quite a silent month as far as currency trading is concerned even though lot of things happen in Eu and specially Greece. I decided to remain on sidelines and watch PA but there was no such trade specially my favorite pair Euro.

But, Today my shorts triggered right from the day start as we start seeing some weakness at the levels 1.1087, after we seen some fake moves after price try to break the previous fakeout zones.

The Chart I am posting today is the leading example how market orders get triggered and how price went in a zone and get rejecting immediately but still have some firepower to click the orders both way and then went in the direction of the overall trend.

Euro dollar chart With Supply and demand Zones

The Chart above is perfect example of behavior at various levels and when the direction is already decided and we just need to wait for big release day as it started right from the session start and selling takes over after asian session jump in the demand that was shortlived immediately after an hour or so.

Forex Trading Live Eur/Aud 20th July 2015 fetch 60 pips

Forex Trading Price Action. How to find decision points with the help of...

Forex Trading Strategies l Beginners Price Action Based On Supply and De...

Hi, Traders
I have recently built a video on my Aussie dollar trade that I took and all the important information is mentioned in the chart. Bit sluggish, but that's all I have at the moment and Will surely built professional videos in the time to come.

But nevertheless Idea is to keep you all updated on How I trade and What approach we should apply in sideways market structure. One should always keep and eye on always watch the decision points and How price behaves when it returns to those decision points and Its really worth it to take a trade with limit orders when price returns to those areas and Price has rallied or lean away from those areas and market is very hesitated visiting those areas in adverse market condition or fear of things to come.

Aussie Trade Setup

NewZealand Dollar Rate Cut by 0.25 bps l What's next

Newzealand bank cut the deposit rate by 25bps


After leaving rates on hold for 6 straight meetings, Finally RBNZ cut deposit rate by  25bp  to 3.25%. Dairy auction pricing has remained on the soft side and inflation expectations remain stuck below the 2% threshold, but the primary driver of the easing convictions is the announcement made with the latest RBNZ stability report. As expected the central bank sought to curb property inflation in the overheated Auckland area by boosting LVR requirements to 30% effective this October, thereby diminishing the primary deterrent to easier money.

<br>
- Along with decision on policy, markets will monitor the latest projections for growth, inflation, and 90-day bill rate forecasts made by the RBNZ on a quarterly basis. Last time in March, FY15 GDP was cut to 3.2% from 3.5%, CPI cut to flat from 1.1%, and 90-day billl rate target reduced 30bps to 3.7%

Weekly Chart has lot to travel till it find the last imbalance point

usd/chf update l Possible Scenarios

Hi, Traders Its been a week since I have posted and I saw some strong movements in jpy crosses but they are not part of any technical moves because its more than fundamental that driving yen demand and pushing yen crosses lower.
It is not a cause of concern for me as I always trade what I see and I have seen some strong rejection of levels in Usd/chf and I don't care what Euro do in coming days or weeks I expect Euro to be lower and I have not seen any movement in Euro bunds which means strong or smart players are sitting aside and hence dollar demand can dominate any time.

Here is the Usd/chf chart update that I see

I will try and update as I have seen price flagging after rejection of strong demand and If this rally has to continue then we need another rally of that line which has some history in the past and I see only supply around 0.9440 so there is good amount of pips you can bag and risk is only 10-15 pips or psychological levels 93 cents which is just few pips away.

Trade Alert

Usd/chf trade closed with 52 pips. Check the updated chart with Trade plotter.

Englulf Candles l Power of One Candle

Trading Single Engulfing bars at Important Levels –
Trading Engulfing Bars only Can be Profitable

From today I will post daily engulf price action on Four Major Currency pairs and trade alert will also be posted. You just need to Stay Alert and watch blog from time to time for education as well as free trade alerts.

Eur/usd rally strongly from the base to origin of down move as It was part of Institutional trading that they set predetermined buying and selling areas specially when they use Engulf at Important levels.

During weekend, I will post Eur/usd Chart with possible Reversals with the help Of Engulfing Bars and other possible charts with trade entries and exit.

So keep checking the blog from time to time

Forex Trading Strategy and Price Action

Hi, all

There are so many doubts in everybody's mind that If there is strategy that can make us consistent money and the answer is "NO", Because We all expected returns in big way and there are not too many day traders that fetch consistent returns unless who are having tons of experience and making that experience counts and knows their limitations .

It all about keeping things simple and Look to rely on simple naked charts to trade and keep a track record of your losses and wins and always use Money Management while entering and exit because Even simple RSI buying selling ratio should be good enough strategy to make money because when they fail you know when to exit and what are the chances of making a big trade with Strong money management techniques.

Question Arise from Expectations and when hard work don't met expectations then depression use to dominate and that is what the story of every retail trader and I am also the same.

Problem we face is that we check  so many social media networks with the same relative information and look  to search google  to see what is the best strategy and what is the consistent way of making money and We have to satisfy ourselves with bunch of traders are looking for the same sort of results.

I would advice you all to see the search engine with relative searches on the monthly basis on a same topic (say Forex price Action ) and you will be shocked  to see that whether there are people who know how to trade and the resources which tell them how to trade are worth it to give it a try.

I always believe in working alone or Same people working on same project but with divided  duties and every one should be answerable to his or her boss for the results and Forex is not the different because when we try to trade we always look for help and search or look out at forums for the views  and Trade Ideas of other traders and even do the worst loads lots of indicators for help to look for price action and see if it helps.

I believe in Keeping Your Trading Simple

The key to successful Price Action Strategy is to keep things simple. I am always against the complicated trading strategies and using lot of Indicators where you can hardly see the price or hardly consider price when you want to predict the price action. I used to trade the chart system like this :

In Simple words, the simpler your method would be, the easiest it would be enter and exit. Because if you rely on some indicators to react while looking to exit then it might react very late because they are lagging and always react to price.

My answer to all you complication is first open a naked chart and plot few support and resistance line and look how price behave to it when it touches or surpass them and there is no need to look way behind in reference to take a look at historical chart to catch the reaction.

I find that this is the best Forex strategy as the chart is clear and easy to understand and there is little to no noise distracting you from the price. This is one of the benefits of using a Forex system like this.

Japanese Candlesticks Patterns Do they help in Defining Trend Alone

Hi,
Most of the traders who follow my blog knows me what type of trader I am But I am also one of you who had torrid times trading and trade everything and First thing I try was Candlesticks Patterns.

 What is a Japanese Candlestick ?

While there is no need to explain this concept further as many of us are familiarize to this but I will surely dig in a little and discuss them more in detail in my upcoming posts.

Japanese Candlesticks Trading

Japanese Create their own old school Version of Technical analysis to trade rice. That's right, rice. Mr. Steve Nilson discovered this charting technique called "Japanese Candlesticks" learning from a fellow Japanese broker. Steve researched, studied, lived, breathed,at candlesticks,and start writing about it. and soon this technique became popular in 90's. To make this discussion short, without Steve Nilson Candlesticks candlesticks charts might have remained a buried secret. So, We can call this technique as Mr. Nelsonsticks.

Back in the day when Godzilla was still a cute little lizard, the Japanese created their own old school version of technical analysis to trade rice. That’s right, rice.

But Really If I ask you about my own experience then would you consider that Candlesticks patterns really help you define the trend, May be most of you really will raise your hands and say yes it did. But for me they do but not at all phases. Little movement at top will give some strong traders room to collect profit and again enter at better price and How would you tackle this type situations. Would you re-enter at second entry or consider first entry as best and would still trade failed test of top or bottom.

So for me, Trading alone candlesticks patterns is not the secret. Situation, patience and reason to Candlesticks is the best way to enter a trade.

Let me clear you with an example of Recent Aussie Chart .

See, Everything In trading is totally synchronize as Fundamentals allow trends to built and create a atmosphere where Technical are also supportive. For me, Its always been combination of Supply and Demand Areas and Reaction of Candlesticks when they reach or surpass the area and also the upcoming events that usually creates or reverse a trend..

But It does not happens everytime you trade because As I said earlier these all things are synchronized and I combine them with the recent market situations and demand and the speed of the trend on weekly and daily time frames and then I use negating techniques when price fall with the same pace it was rising and Candlesticks post neutral statges.

Gbp/usd chart that I posted last week fetch more than I anticipated and still looking for much more advance and I always recommend buying on dips even after Service Purchasing manager Index fall to 56.9 and It was expected much higher. But What happen with that bearish Engulfing pattern after the release.

Let's find out with the help of chart

So, Its quite clear after seeing the above chart that Candlesticks patterns not only thing to rely upon but situations and Imbalance is something that is driving the Price to one corner to other and this will keep happening on higher time frames and we just need to spot those scenarios where we can enter with low risk and chance of getting nice ride is much more than those large and strong fading candlesticks.

Gbp/usd chart Updated.

First Of all I would like to remind everybody about my last month Chart Gbp/usd and take a look at the Chart Price has rallied to from that support which is mentioned in the above chart and Now I am still look for much stronger rallies towards 1.5800 levels where recent high is posted But that is not enough as I always look for strong levels and I would surely post the chart here again Once I saw any Institutional selling and Look to close all or part of my current positions.

How I trade Pinpoint levels in Gbp/usd

As You have seen in the Above chart, How I market levels in the chart and those are not just levels those are demand levels and Look How market approach to those levels.
It is Crucial from a trader's point of view that Market maintain Imbalance when It approached to those crucial levels and that is the fact which remains a secret to trading supply and demand and watch the last candle so strongly coming out of that lows tells us that you can't trust what you see as it take the stops of longs and Now people have to cover quickly out of shorts and looking to buy when breakouts occurs on shorter time frames.

Gbp/usd chart that I posted Earlier

Long Term View of the Gbp/usd

My long term view of Sterling or Gbp against dollar is still bullish because As you have seen I try to trade imbalance and Price has manage few swings in the past to fake the breakouts and that swing also is coming of lows of long term support and I am still looking for a move towards 1.6150 levels and there on I would like to see How price behave at those levels.

I am long from 1.5200 levels and still locked the trade at Breakeven and at no risk but still I would looking to trail my entry and start locking my profits as this counter-trend swing could be the strong off from the lows and one that rejects of from high posted a sell-off.

Eur/Usd Long term view

Australian Dollar Update Imbalance Spotted

Hi, I have just recently discuss about Imbalance and then came up weekly chart of Euro Dollar

Australian dollar levels and spotted Imbalance

Australian dollar weekly chart has spotted a beautiful area of Imbalance and we have just recently open shorts from 77 cents area and that tells us that we can really get a ride untill price finds another support to rally counter trend and rally against the main trend.

What is Imbalance and How to define a trend with its help

Its really being a point of concern to How to find a trend and How to maintain a discipline and look to bring some consistency in Trading. Well, this article is just going to help you find some crucial areas on weekly chart where you can afford to risk a certain amount of money and can really find a point where you can really enjoy your entry point and bag good risk reward ratio.

Example of Imbalance In Euro Weekly Chart

Now, we discuss what is Imbalance. Imbalance is what create trends and balance creates ranges between buyers and sellers. Now you might has idea what is Imbalance. Imbalance from a point to another point could be rallying and rejecting untill we find another level where strong buyers of sellers hunting for taking their profits and setting up for next moves.
As It is stated in the chart that Market start a new trend from high and fall sharply untill it found a support but then every rally is followed by sharp rally in the opposite direction and that is strong point we need to know.

Point is that we have to find an area where market start a new trend and rally against and then create a Imabalance which could be tested in future and resume the larger trend which is short term bullish and that's what has happened exactly.

Decision Points In Trading

Welcome Traders

The point and topic of discussion today is How we find "Decision Points", in Forex. We all know that this currency market is driven by fear and we have some strong decision points which tells you about the history and price respect those areas and Market use to trap after collection Breakout Buying or selling orders. But the point here is how we can pinpoint those areas where market has taken a final decision and look to rally.

Decision Point taken In Gbp/usd Chart

Chart above shows us that Decision was taken after strong rally from bottom but it was taken at a very crucial resistance which had already cap the market

There was real chances that market fade away from this Breakout But demand was very strong and it rise from Historic Lows(Strong point as Historic Lows could be target of current rally)

Market could still easy fade away and start falling in the direction it was falling earlier and resume the trend but that decision was strong and market really ignore that in the first attempt and consumed the supply in the second

Market use to pause at crucial resistance making room for next moves or just sit here for days or even weeks but As I told you decision was made to breakout and when you see such breakouts after strong capped areas You need to start watching the charts as I mention in the text on chart.

Usd/cad at crucial resistance l Strong Reason for rejection

I will surely be trading this Usd/cad possible reversal which could give us seriously pips if reverse from this range-bound breakout and reacting to levels.

Because of the facts we have upper supply box at the top of price action and we have some strong Fakeout Bars which is still the strong supply to breach but the below separation point is strong enough to react to the lower boundaries marked and If My projection is right we could see a strong bearish momentum to reach the lower low and breach and strong bull trend could reverse completely.

I have market all the strong points on charts and this could lead to a very low risk entry but still we need confirmation and I would like to see one more test of the strong demand and then I will trade if price manage to breach that area and reverse to test the resistance once again giving me confirmation that price is  coming back to take the buy orders.

How I pick Short term Top in Euro

Euro Reversal Chart

Hi, It has been quite a while since I have explained the technical portion of How I Pick short to medium term reversals with relation to Background.

Today I picked up a classic Euro reversal chart, Although I pick that chart up yesterday for entry but I was waiting for strong rallies through demand levels as It already happened once but today was the day for me to enjoy the free falling Euro.
As a trader one must show patience to this type of scenarios as there is always short covering in strong downtrends and Once you saw new trend maturing then You must raise your hands and have enough experience to pick your part of profits.

Picking up tops and bottoms rely totally on what background and prior price action telling you and what are crucial levels and How price behaves at those levels as Most of the strong moves faded out quickly if trend is about to resume and ignore those moves quickly.

I never favor going short at top and long at bottom untill I see few failures in the trend prior to recent Price Action. But If you can't buy low and sell high and always wait for a pullback then You must think again what are the chances that you get good risk reward and How you can increase your profit factor, Even If you are making money consistently.

Euro is the most traded currency throughout the world and all the banks have reserves to buy and get a chance to sell at higher prices and supply and demand just give you hint when they looking to sell.

Dollar enjoy the ride against all G10 Currencies today, It often happens with strong trends as we just need a glimpse of triggering and Euro pause was also strong clue that market is expecting too much out of Economic data which did not met the expectations and hence price reverses.

With strong hints of matured trends(one must go through the blog to see How to trade mature trends) we must wait for this type of day when lot of bank officials are due to speak and present their views on economies and give us hints of the things to come in the coming weeks or months as It often resume the earlier strong trends or give us a strong opportunity to trade pullbacks at higher or low prices.

Institutions and banks always obliged and triggered as they always look to sell when they don't see things improving in coming days and that is why avoiding lot of indicators can give you exact entry price as they often react late when trend is finished and has very little to offer and that is why I always look to react at importnat levels.

Eur/usd and usd/chf Update Strong Correlation

Hi Traders,
Its Quite a while since I have updated the blog after the Aud/jpy which was faded away by several attempts.

I have spotted the activity in Euro and Swiss Franc which are strongly correlated and it can be seen in charts of both the pairs.



Eur/usd chart Strong Breaks with Strong Engulfing pattern 

Its quite visible that both of charts are quite similar and the activity in the both charts means that strong money is buying and selling them in the opposite directions and we need to find out area which can give us maximal reward after strong sideways movement .

I would recommend to take one entry and not use both because this will double your loss but if you still can manage both with the tight stop then strong movement can be spotted in both of them as origin is still quite far away from current levels.

Aud/jpy Update Room for Trends is still there

 







As We have seen so many time Sellers pick up the trends and do tend to pick profits at crucial levels and then price is often continue to spike up till it found conditions to reverse

Chart of Aud/jpy is making same efforts after clearing strong supply areas and now testing them silently to test If there is enough demand for the price to continue its way up.

 I would really be watching this pair closely as more than potential trade is on the cards if Bulls attack this breakout level again. There is no clean demand but there still need to evade the supply it has.

Currency Trading Level by level and Few trades updates

Hi, Recently I have post few articles on few forex sites about currency correlation and what is level by level trading. I thought of only one thing while thinking of Correlation is that its all about global demand and when few pairs are strongly correlated then they move in tendum.

By moving synchronizing I mean to say is that Long term trends as Aussie and Loonie (Canadian Dollar), are strongly correlated as they are driven by global risk and if global economies are growing then demand of both the currencies are strong and vice-versa.

I don't really trade correlations or hedge both of them if they went against each other on a given day or a given week or month. But still we have to be sure what we are doing in trading because It is not recommend anywhere unless you are vastly experience and have good solid confirmations in the past the doing such acts can really bring money in long run.

So, Lets talk about trades updates and I have really got one strongly going my way but due to some busy schedule I get in late but still it was good enough when you are looking for direction and pairs went here and there looking for buyers and sellers. In the meantime One currency which was in strong demand that was Sterling and when there are strong swings and clear path sterling really moves a lot in a given day.

Parliamentary elections and BOE rate decisions and Hawkish comments really put a lot of steam behind the current sterling movement and my currently pick of gbp/jpy is the result of such strong pound movements across the board.

Gbp/jpy Trade Update.

As You have seen in the chart that all the move from low to high are completely synchronized level by level and when you have such clear swings telling you so many things than moves that test previous zone while compressing then there are lot of hints come together when you saw sudden spikes and no such great sell-off.

Recent, Move was a great example of Imbalance and when you trade according to you what market makers are eyeing then You must do one thing and that is look for Imbalance and that should not disappear and Every liquidation break in such strong breaks are often bought with strong demand.

Trade Update Usd/jpy

Hi Traders,

Why I always love trading currencies than stock or future trading, because currency trading is the best way to predict the predetermined moves to levels as it is very easy to  spot  increasing demand.

Same rules are used to spot absorbing supply but there are different way we can use How price accumulate and How it is distributed. I will cover those two methods in my posts in coming days and weeks.

Chart that I have posted above is a perfect example of Rising demand  as we have witness some weak rally to demand  as Price use to Compress twice while it test the demand level and most importantly the spikes out of that demand area after few attempts at supply fail.

 Price not willing to fall as downside rally unfold

As  you see in the chart that downside rally are slow to unfold and upside rally are more powerful and also price rise most often when it test the area and last spike from that areas was the most powerful and price really carry that spike to break above the supply area. Giving us lot of Intraday opportunities to go long as price establish new demand areas below that last spike.

Trading is all about remain conscious

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.

Canadian Dollar Trade l Consumed demand levels

 







Hi traders,

How's it going ! Its quite a while since I have update the blog, the reason being the busy schedule, but I always try my best to give you what you want and a simple but logical way to trade.

We have seen so many things in the past few weeks, but as being a supply and demand follower I was eyeing Usd/cad Particularly.

The reason behind this setup was price behavior and its constant behavior to levels after several tests and we witness strong demand off the levels, and strong Engulfs are big reason to admit that price is not willing to fall. But If you see after several tests price was capped in a zone and when we see the last rally, to the capped area it was bit shaky and buyers hesitated to bring the price up.

But as we all know price need strong reason to move and Price is Fractal and when nothing happens and at some stage when supply and demand became equal someone has to drive the price and that strong bearish Candle was the reason behind such intention.

Forex Trading Strategies l Beginners Price Action Based On Supply and De...

Trade Update Comex Gold that gained 2%

 

As a Forex Trader, One should not always look for trading opportunities , because as stock market there are not too many choppy sessions in Currencies. There are days of extreme volitility and there are days of average movement, but we have to be conscious enough to take the opportunity when it arrives.

So, what does that mean when opportunity arrives, with that I mean when market moves volatile, one does not get the opportunity, then one should lined up the charts that breaks from earlier accumulation zone.

For me, its always been neutral days that comes up with the opportunity and recent movement in Gold , is one prime example of such opportunity.

As market was waiting to break and there were not too many strong sellers involved even price was bearish prior to breakout but when market does break that level, there was conscious effort of holding the price above that breakout and that is with a neutral buying day.

Market also built a minor development area and keep rising from that level, So where does the opportunities lies in this market, and why we should keep waiting for market to test that area again in next couple of days.

Market has to test the area to check whether that area hold any supply and if market has no supply to hold the price here, then probably it will keep rising as it happened in this case.
Read more at http://fxconfidence.blogspot.com/2015/04/things-that-works-for-forex-trader.html#KvE1206FzwIAiKdr.99

The PSID momentum train continues!

PSID got off to a very strong start this morning as it surged to a high of .0275 per share for an 18 percent gain from yesterday’s closing price!

This is now PSID’s 3rd consecutive session of increasing activity, trading over 5M shares so far this morning alone, breaking well past its 3 Month Average Volume of just over 2.9M shares, and with more than half the day’s session still left to go!

As you recall in the alert I sent out yesterday I believed that PSID could see another big move in the sessions ahead if this momentum continues to carry, and today’s trading session got off to a massive start, as PSID raced out of the gates for a huge early morning gain.

Since then PSID has found support just about .0245 per share, and looks to be building a new base, potentially setting up for what could be another leg-up the charts in the sessions ahead!

If this momentum continues to build as it has over the last 3 trading sessions, PSID could be challenging old highs in no time!

PSID Issues Breaking News:

Just this morning, PSID announced that it has successfully completed additional testing of its phase II Firefly Dx prototype handheld, real-time PCR pathogen detection system, and detected multiple organisms with a multiplex assay designed to simultaneously test for up to four pathogens on the Firefly Dx PCR chip.

Chairman and CEO of PSID, William J. Caragol states, “The ability to quickly test for multiple organisms from a single sample and identify the cause of symptoms in a patient without having to run several tests, we believe, will not only save time and money in clinical situations, but more importantly will improve treatment and outcomes. We are very proud of our continued progress and validation of our technology and design."

The company continues to make strides in the development of its Firefly Dx product and as it reaches more and more milestones in its progress, PSID could continue to see a significant boost upward.

I am urging members to keep a close eye on PSID over the next week, and I’ll be sure to keep you up to date with any more breaking news as it becomes available!

Happy Trading,

 
 

Things that works for a forex trader

Its been quite week so far, understandably because market needs a break from strong volatile days and also there is big release coming this Friday.

But Idea of this article is not that what is coming and lying ahead, idea is to always remain within yourself and Picking up the markets that work for you.

As a Forex Trader, One should not always look for trading opportunities , because as stock market there are not too many choppy sessions in Currencies. There are days of extreme volitality and there are days of average movement, but we have to be conscious enough to take the opportunity when it arrives.

So, what does that mean when opportunity arrives, with that I mean when market moves volatile, one does not get the opportunity, then one should lined up the charts that breaks from earlier accumulation zone.

For me, its always been neutral days that comes up with the opportunity and recent movement in Gold , is one prime example of such opportunity.

As market was waiting to break and there were not too many strong sellers involved even price was bearish prior to breakout but when market does break that level, there was conscious effort of holding the price above that breakout and that is with a neutral buying day.

Market also built a minor development area and keep rising from that level, So where does the opportunities lies in this market, and why we should keep waiting for market to test that area again in next couple of days.

Market has to test the area to check whether that area hold any supply and if market has no supply to hold the price here, then probably it will keep rising as it happened in this case.

Importanace of Reading Overall Price action

Hi,

I have again turned up with some good learning of Currency trading process. This time I would not only talk about how important it is to understand the price action but also on relative Importance of Particular Candlesticks Patterns.

Price Action techniques have changed and will keep improving with time. But "context" will remain the same and with context I mean the way "Institutions" enter the market and sell and buy with predetermined approach.

So Candlesticks price action usually works the other way because last session close on break of high could possibly lead to strong selling in next session .

But this is not importance because ranges are often followed by trend specially If background is pretty clear and By background I means strong money dominating before could be sign of exhaustion of trend when any Pullback entry is offered.

It entirely depends on the consciousness and approach and when we have such approach that we can identify where strong money is trying to push the price, the become lot easier but it does not mean that we should not give respect to market if it turns and always look to get out early if things went wrong immediately.

Lets taken an example of Possible Correctional bottom

Traders have setup their mind after strong trends possibly one like that an pullback entry is waiting after small ranges but when these ranges breakouts faded out with strong candle above the range then we should look for New lows and effort after new lows.

There are no Sticky rules for selling and buying and that is what happened in this chart.

We have seen Price always jumped of from New highs and new lows and that can happened to this chart as well as prior trend is quite strong.

But when enter with logic then there are better chances that we succeed rather than blindly enter on breakout in strong trends which does not make logic.

Looking forward for some more examples

Trade Idea Retracement Might be completed in Aud/jpy

Aud/jpy Daily and Hourly charts updated

Hi, Traders

Trading activity is very volatile and it is very difficult in volatile conditions to get a proper entry as there is risk of hitting of stops both ways

There is greater risk of whispaw when there is lot going throughout the world and recent activity in Japanese crosses is prime example of market is in two minds.

Let's see the daily chart of Aud/jpy


This chart explains a accumulation after strong fall and it is also strong weekly support and when we have such large sideways movement in strong trend then we might think twice before going long again

While you still look for pullback and think of taking "Retracement Signal",then probably you look to rely on strong demand and supply areas on larger time-frames

Strategy and Market consciousness are two factors that pick the differences between good and bad trader but even simple things can help you pick strong entries which have logic rather than looking to enter every retracement as there is no chance we can go long or short with few candlesticks behavior untill we sort over trades with other methods.

usd/jpy Levels daily before FOMC Statement

Hi Traders,
Its quite a while since I have updated the blog but there were limited opportunities available after the release of NFP statement, Here is the usd/jpy chart ahead of FOMC release of the February Metting minutes and I am closely watching the levels and would like to trade any rejection or breach of high as volitality is very low at extremes and that is a big sign of breakout.

Update gbp/usd l Downtrend was on the cards

I will update the text later

How we can pick Penny socks

PSP Free Members,
As A Reminder Our New Pick For Monday Is: NWTR!
News of a Major Purchase Agreement to receive an exclusive license for a Patented Extraction Process got traders extremely excited about NWTR last week.

The first 2 trading days in March were quite active for our new pick, with a 40 Percent gain and volume exceeding six figures.

But this could be just the beginning...

I believe this .10 cent oil pick is about to see a repeat rally in the short-term on BIG news.

With some profit taking and a closing price under 10 cents on Friday we could potentially see a repeat of double digit gains in the short-term, with tech analysis from Barchart issuing a BUY-recommendation.

New Western Energy is engaged in the acquisition, exploration, development, and production of oil, gas, and mineral properties in the United States.

NWTR closed in the last session at just under 10-cents and now looks to be setting up for a potential reversal that could result in another breakout run to the upside very soon.

Since this past December, NWTR has made significant strides to strengthen its position moving into 2015.

More recently, on February 23rd, NWTR announced that it has acquired access to a revolutionary patent to a cutting edge metals extraction process, which allows for the zero waste recovery of high-grade titanium dioxide as well as other high value elements.

An increasingly important source of lightweight materials, the market for titanium dioxide market represents a more than $13-billion-market. The timing of this acquisition by NWTR could prove to be very lucrative.

This latest patent acquisition could prove to be a potentially huge milestone for the company and potentially add significant long-term value for NWTR.

I am urging all members to begin your research on NWTR right away, and especially before Monday’s trading session, as NWTR appears to be extremely undervalued at current levels, and looks poised for a major move this week.

-James
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ NEW PICK

New Western Energy Corp.
NWTR
NWTR Chart
Currently Trading: .095

About New Western Energy Corporation
Founded in 2008 and headquartered in Irvine, California, New Western Energy Corporation engages in the acquisition, exploration, and development of oil, gas, and mineral properties in the United States. It holds interests in various properties located in Oklahoma, Kansas, Texas, and Pennsylvania.

On December 23, 2014, NWTR announced that it has signed and closed a definitive agreement on the majority control in a newly formed subsidiary jointly owned with Forward Energy LLC of Montana named NEW Forward Energy LLC.

The new subsidiary includes all rights, title and interest in and to Forward Energy LLC’s current and future oil and gas wells, leases, which are located in the counties of Yellowstone, Golden Valley, Treasure, Musselshell and surrounding counties of the Crooked Creek Field within South Central Montana, and designated completion equipment license and perpetuity rights.

NWTR Signs Agreement to Receive Exclusive License to a Patent Developed for the Extraction of Minerals From Mining Tailings in U.S.
On February 24, 2015 NWTR announced that it has signed a Securities Purchase Agreement with Fodere Titanium Limited, a U.K. based company that holds the exclusive worldwide rights to extraction technologies designed in conjunction with a prominent English university that allow for the zero waste recovery of high-grade titanium dioxide (TiO2), high-purity vanadium (V), high carbon steel and other high-value elements from either tailings stockpiles or direct mineral deposits.

The FODERE process, which was developed by the School of Chemical and Process Engineering at a world renowned English Engineering University allows extraction with significant yield of low-grade titanium from tailings and ores. Currently, this is not feasible by the two other existing extraction methods available in the market.

FODERE has exclusive rights to this proprietary process for the development of commercial operations worldwide subject to certain financial and experimental obligations over the next couple of years.

NWTR Technical Indicators:

Closing in the last session at just under 0.10 per share, NWTR is once again trading just above its 0.087 per share support levels and could be presenting a strong opportunity to maximize any potential gains moving forward.

Well below its 52 Week High of 0.90 per share, NWTR is showing significant upside potential and the technical charts continue to show bullish trends developing in the near term and beyond.

Barchart currently holds a buy-recommendation with numerous short, medium and long-term indicators.

I can’t overstate the significance of NWTR’s recent purchase agreement with Fodere Titanium Ltd. The opportunity is absolutely staggering.

According to a recent report by Transparency Market Research, the global titanium dioxide market was valued at 13.4Bn in 2013 and is anticipated to reach $17.12Bn by 2020, expanding at a CAGR of 3.8-percent from 2014 to 2020.

Still, with the recent addition of oil properties in South Central Montana and the long-term value proposition that entry into the titanium dioxide market represents, NWTR is showing incredible upside potential well beyond the near term.

I’m urging all members to begin your research right away and lets be ready for NWTR on Monday! Happy Trading

Points a Trader needs to know before Start trading

Hi Traders,
As it is cleared from the name that here I want to clear few points that will ease the pressure of a new trader who want to scalp day in and day out for a small profit and keep growing its account till it reach the point traders can afford to take more risks or take a portion out of their account.

Basic things we need to know is what are our strengths and Being selective is one thing that a traders must have because there is no point in trading a single currency or couple of currency and sticking to that pair for days when it going sideways because it will keep you away from some excellent opportunities in other crosses.

So, the point is being selective in approach and keeping yourself busy and atleast look to trade all the Major currencies if you don't want to consider trading exotic currencies.

Keeping Approach as simple as you can

Now, the question arises that what approach should we use. As you all know I am not a big fan of Indicators or using too many trendlines or trusting any other mechanical systems as For me they are useless.

When you trade, you need to be emotionally fit. Trading is about taking the right decisions at the right time.

And you know that when you desperately need money, you are not going to make the right decisions at right time because you might be thinking of winners all the time and losses will drive you with emotions to make up for that loss and earn more to always stay in profit.

You are just going to make decisions based on your most recent needs, not on your long term interests. You might get lucky at the beginning, make a few bucks here and there, but as I said, at the end, trading is about taking the right decisions.

No point in using various trading system because It will never let you decide what you strengths are and you chose one system for a while and then test it and if You don't get results use another system.

There is no harm in trying out strategies but only one at a time and When you find a strategy or system then You should stick to a plan and find out the market conditions that suitable for such systems and what are the basic plans you must follow and what are the market conditions that you need to avoid to avoid entries.

Even today, after all those years of experience, when I get in front of those charts, I still dont know what the heck they are going to do (I only trade based on probabilities).

So let me tell you something, if you are new to trading, and you are here because you think trading is easy… stop reading this, and think about it twice.

If you are going to keep trading, you need to know that you need to work hard, you’ll need to practice and only with experience you will get results. But its not easy and it will take some time before you get there.

Are you prepared to take that?

If you are an experienced trader, and you still think trading is easy, stop reading this, closed all your opened trades, and forget about trading forever.

Yep, you heard me, forever!

I’m just trying to make this faster for you…

Ok, if you are reading this, means that you understand that trading is not easy… good for you!

It’s going to save you a lot of money and time

Forex Trading for beginners Signal service Or Manual Trading

Hi Traders, Its quite a while since I have updated the blog but I always prefer in quality rather than quality to keep people updated and I have decided that From Now on I would update Eur/Usd chart twice in a week on daily and Hourly chart and that would be totally free and you just need to subscribe to the blog.

I have been asked so many times that why did not I start signal service, But my reply to all them who asked me for personal Mentorship or signal service would be "No". I always try and maintain a quality and keep things straight and simple as It is in really life and Trading is no different from Life as there is always discipline and patience to growing profit and confidence. As far as signal service is concerned, I never got to believe that If there is any benefit of Signals or If service provide is that good then why don't they just keep trading themselves and why they charge others while they are so good and that is why It is for me always a waste of time.

Forex One to One Mentorship

As far as Personal guidance is concerned, I don't think I have taken something hidden which I have not posted and Not been able to clear each and every point that is right in my knowledge and those who still want videos then Please subscribe to You tube channel to keep things more clarified. That is all I would like to mention to those who want to spend their hard earned money on learning something which is totally free and there is nothing that can be taught elsewhere because only thing that matters is you approach and If you are willing to succeed and Have right approach and Know your strengths then You are sure to succeed no matter how much time it takes you to finally get your niche.

Few Trade Setups

Price Action Buying and selling Countertrend moves

Lets' have a look at Eur/usd chart first

Hi viewers,

How it is going since I have not posted quite a while as the schedule was very busy in the past few weeks.

Most of the traders would have been aware of what is Rotation center violation which is a good clue of trend changes specially on shorter time frames and when price is going up and down and finally get a direction which is counter-trend but still consider to be strong enough after rejection from a level several times, then this type of movement is called "Rotation Center Violation", and this should be a part of kept in mind that overall larger trend does not matter while trading counter-trend moves on shorter time frames.

As trading supply and demand gives you good reward for your risk and potential is way more than trading higher time frames which requires huge stops but still we might pick up an entry late in Overbought and Oversold or sideways market.

Supply and Demand Concept of Passive Sellers

Trading is all about opportunities and when you so much favoring in one direction then I don't think you need anything to go with that direction. Same is about the passive sellers concept. It often happens when we have seen trend is strong and Price go once and forth for whole day or even days and then we keep finding the support all the time and this activity is known as "Neutral Day".
Trading is all about buying low and sell high but this does not means that we should keep selling with upside breakout as it is very risky but when we have such strong trend followed by passive behavior by sellers then we should see the overall context about how buyer behave when a particular demand level is tested and that chart which I have posted below is a clear example that market is awaiting big news and small activity can turn to strong candles if it is favored as expected.

It is just an assumption as trading largely depends on large players and how they move the market and we just need to sit and watch the price action and trade accordingly.

How to Trade Breakouts And Fadeouts in Forex

Hi Viewers,

As it is clear from the Post Title that this post is about "How to trade breakouts and fadeouts", because its primarily responsibility of a trade to be well versed with all the technical portion of trading and "breakouts" is at the top of the list. As there are lot of reasons that we may or may not trade that breakouts, I would point out few of them that when you should look to trade or when you should leave those breakouts.

Failed Breakout

The first reason that you should avoid trading is failed breakout and then again looking to trade the opposite way where breakout happens. Failed breakouts is that when price breakout through a range where buyers and sellers battle seems to be at equal level and when price break from the range it retreats back to the range and then it is known as failed breakout. The main reason is to look for what is the overall trend and if that breakouts happen within the trend then the length of breakout candle or it is unusual volatility spike. It is know as failed breakout of the range. As I have mention in my last post that if a trend is matured enough and first sell-off offers pullback entries and the range breakout fails on the next candle then it is usually a trap offer by the bulls and One must think about going long as there are several reasons that trend will reverse. For those who did not look at my earlier post must consider to have a look at it here

Volatility Breakouts

Most of the readers of the blog might have been aware of this concept "Volatility Breakouts" which means unusual spikes out of the ranges also know as elongated candles. In this concept price action is very volatile either due to any unexpected event or lot of new cash fund inflows into the market or a single player or institution dominate the market price and It most of the time lacks momentum on next few candles and traders got trap into the range and when one see such unusual elongated candles out of the range then Price can roam around that candle for few session or even days and that type of candles often work as vaccum in the market and lot of sell stop or buy stop orders might be waiting on the top or below of the candles, So we should always avoid trading these type of Strong candles and wait for further price action specially when it happens on higher time frames as it almost impossible to calculate the risk on such strong breakouts.

From time to time I have posted on my blog that what type of breakouts we should consider taking and type of breakout we should avoid but from know on I would post on weekends of possible setups that we should consider taking a trade if or not that breakout might succeed. I would urge all my readers that they subscribe the blog for every updates as they will receive all the updates through mail in to their box.

Swing trading -- How to trade mature trrends Or Reversals

Hi traders,

Its quite a while since I have posted an example of "How to trade Mature trends", and recent I have manage to give you best example of the lost and that is Usd/cad. Time frame is hourly and trend is very strong and we have seen possible "accumulation",Prior to start of trend. Then we have seen strong Higher highs and then resumption of trend and we can't go short without and strong sell-off or any strong pattern.

Because of the fact whenever an opportunity arrives in strong trend to trade reversal then it comes quickly and gives you no time to enter and we need strong IQ level to spot and trade such reversals and we should not be confused and understand and read the situation pretty well.

As we have seen in the above chart that price has already looking for space to reverse and trade who trade breakouts look for pullback entries in such strong trend look to cover quickly after breakout of the low range. But price always give clues when it is about to reverse and that is what we need to spot. We don't need to complicate trading as we need to sort out few things to trade as I have used RSI to filter where we can that it was in the neutral area and declining and capped by a falling trendline but I only use RSI as filter and all the trade was based on Context which give us final clue when we see a strong bullish Engulfing at the top of the range and failure by couple of dozi candles after that Bullish Pattern.

Define Value in currency trading and How to spot it

Hi Viewers, Seems like there is no panic in Aud/jpy bulls and finally they have given up but this does not means that we should short the pair immediately because they can take hold any time and we need to remain active and conscious.

Nevertheless its been a good month so far and We have got weekend and month end together, so need to sumup few good things and time for learning has started once again.Holiday season is now gone and few panics in the currency worlds seems to be clearing up. So during the remaining time of the week and in the next week I would clear help you all to understand what is "Value" and How we trade value and I would clear all the important "Indicators" in determining the value and How we need to spot such opportunities and what is it importance in continuation and pause trends.

So, keep checking the blog from time to time till I update the blog with seem live charts and videos and help you defining the backbone of Price action with some good candles traps and setups.

As I have explained earlier in my blog about the value that value is the most important factor need to be considered in strong trends and rallies to the opposite direction are the biggest traps for fresh longs or new money to be introduced by strong holders. Recent example below is the biggest one for the trend to resume or the shift in Value as We have seen large consolidation followed by trap to the downside. As you see in the chart that there is no strong rallies to the downside and the one that has been was followed by even strong flow or attack by bulls.

You need to notice that after rejection price has move with no hesitation and this often happens with Shift as there are some strong movers that have come in and ready to move the price biggest way and consolidation prior was a strong set of "Accumulation" or example of buying with every rally to the downside.

You might notice that I have used bollinger bands and RSI in this chart which I hardly use in my Price Action strategy, but when it does help you and You use them to sort out the trade and has no hesitation then there you have every reason to use them. As You see in RSI price moved in the overbought conditions as that candle is very strong and moved out of Bollinger upper band when price moved from below and the candles is in itself a large candle and Price has moved out of bollinger upper band We should immediately buy the price with the move as this type of moves move price for atleast on the particular day(on hourly chat) when it happens.

How to trade Supply and demand imbalance in Forex

I have talk about this numerous time on my blog and I would keep you updated wit more examples this month that what is imbalance and we trade it.

Currently we can see usd/chf chart which is very volatile and we are watching it since the last SNB meething and Now I am keeping an eye of 0.8843 area which is very crucial pattern builder on h1 pattern and we see slowly but surely accumulation on that chart time frame and If price fall again and test 0.8840 area and rise, then it is a perfect area to buy and keep holding the price till supply hit the market again and we could see nice profit coming in.

Trading is all about opportunities and how strong money reacting in the market and while we can analyze these type of opportunities then we can make much more than we first had targeted or anticipated. Trading does no harm till the time we are in control of our activities but If you use excess leverage for sake of making up for our losses then you can get away with it few times but most of the time you will face lot of trouble.

I will update the hourly chart if I see the same activity as I have explained in this article and I would really be more than happy to assist and get in to this trade.

Trade update Aud/jpy

Hi Traders,

 I updated the chart yesterday ie. aud/jpy and in this weekly chart we have seen price is in range after spike of the area price has again coming to test the support and the fact that keep us interesting that earlier we have not seen a strong sell-off and Now I would be watching daily chart for entry . Strong confirmation can come on weekly chart and In order to loss we can trust daily but we need to have momentum and that is meant by strong one. We have already seen close to 180 pips movement from the lows but that has to be a strong momentum candle to close at the day to give us confidence the price has found demand once again.

Update chart of Aud/jpy Weekly Supply and demand levels

Short term profit or Long term curve

Hi all I was busy during the past few weeks due to overload of work and trading as the volatility is at 2 years high and all the ranges on weekly and Monthly time frames finally picked up momentum and all the expected crosses turn around at last specially Eur/chf which was expected to rise But due to unexpected decisions taken by Bank and certainly safe heaven demand surges and that is what we always be ready to expect the unexpected in trading.

Article is about choosing long term trading approach or looking for short term profits and keep withdrawing from time to time and never let your account to grow but for me Trading Forex or any stocks market is all about manipulation and higher the approach the maximum the profit would be . Short term profits is a solution for those who can wait patiently day in and day out and look for short term volatility spike or any release that high the market and move the price up and down and traders take their profit from time time.

For me trading is always like any other business which needs your time and when you are consistently bringing profits then every time your equity grows with a fixed sum your profit may rise with that as well and that is how we can work less and earn more than expected. Because day trading can be very frustrated with shorter time frames and momentum changes several time a day so it is very difficult to maintain the consistency. But as you approach changes with time and you look to trade long term and changes your time frames to higher frames and that will automatically gives you benefit as there are not too much noise on higher time frames and even no need of looking price throughout the day and you can just watch the chart at the end of day or week and that will give you less pressure and hence chance of picking cherry trades would be much more than those tired minds which look for setups throughout the day.

So, It is important that mindset should be clear whether you choose long term or short term but maintaining a consistency is much more important as there could be short term trading which means 4 to 5 entries in a week and still growing you equity and targeting long term profits

Update of the Weekly and Daily chart of Aud/jpy would be posted on this page soon. So Keep checking it from time to time.

Trading for a living

Hi Traders,

Its quite a while since I have updated the blog on such matters like when we should feel confident that we are able to rely on trading to met our daily needs. So, the answers is simple when you are aware of your risk and gain factor appropriately, and also remain consistent for a definite period of time.

We feel that trading is always a psychological game

We feel that trading is always a psychological game and when we won that battle with our mind and body then we should win whatever preposition or situation we face with the outer world. Trading is the most difficult way of earning money but not the impossible one because we all make profits throughout our trading career and face losses as well but those who are aware of the risk get out of loosing positions earlier than we set a predetermined stops.

I have always try to give my best on this blog to let everybody know that trading can be easy way to earn money in the world even though it is difficult but because the concept is different from other businesses, but still much less burden is here because we should not worry about short term factors when we trade which is always on the mind with shortfall of demand and supply rules .

Forex Trading Strategies l Beginners Price Action Based On Supply and De...

Hi Traders

SNB finally gives away the idea to protect the floor of Eur/chf and the most important step they took by cutting libor rate and that certainly will effect the currency market globally because Swiss Franc is the safe heaven for  over 5-6 years since the 2008 default.

Now the point here is what we should expect further and I have an idea of most exotic moves to follow in franc crosses and Franc surely will be the most sold currency across the globe after Japanese yen in the months and years to come because no body would like to keep the money in swiss banks . Its just the idea how I approach my trading but the most important factor is technical analysis.

Chart of all the Chf pairs will be posted with the most probable scenarios and I would be waiting for the weekly candles to wind up and see how market behaves as I have already seen demand in usd/chf and gbp/chf prior to swiss bank intervention 2 years ago.

Stay well and keep watching the blog for more updates as I would involve more in currency market since last a year or two because currency market start become more and more volatile and If you remain discipline and patient in the past few years then 2015 would surely be the year to watch for.

Video before  swiss Franc Appreciation

Gbp/chf Updates

Hi,

I will update the blog later while we have wind up all positions of usd/chf longs and eur/cad shorts and looking for the the bias to reverse  in gbp/chf chart.

Update of the chart