Understanding the Price Structure and Measure Moves in Trading

Hi Traders, As Promised I have again come up with further advance level of education in which I can describe the whole concept of Measure Moves which means while looking for trend entry in pullback or retracement you need to understand the whole concept and strength of recent move. Possible scalping opportunity is never far away from you but still low risk swing trade at Swing Level can proove very wealthy if You are able to read the whole structure of the price movement

How I manage to Read recent Measured Move In S&P

This video is self-explanatory in itself and Where traders have no expectation of reversing, market took a turn and never look back, high wicks at the start of session on bullish was consuming the supply and sell orders which retail traders have put when they look for pullback entry in the strong down trend and they were all caught up after and had to cover quickly.

WTI Crude Oil Chart and Technical Analysis Fxconfidence

Hi, Readers

Its quite a while since I have updated blog with the technical after I took my half of profit of my trade usd/jpy past Monday, But that was a risky choice as we were in the strong downtrend but Intraday less opportunity to pick up reversal can offer splendid opportunity once it really hit the trigger.

In my recent Post, I am about to post charts of Pound and Crude where I have mentioned How to read a price chart with session by session activity and serious participation of strong holders can easily be spotted out at the start of session or at the end of most active session through the day.

Take a look at pound Chart

Amount of time i spend in trading supply and demand and reading session activity fits exactly to that trade when We have such Neutral activity happen through a session starts to next day session, then the next move is should be watched with absolute care and timing to pull the trigger should be at the exact time and stops and targets should always be decided.

Technical pick of the Week Crude Shorts

 




These two trade went according to plan and timing and selection of trading pairs was just excellent. Later during the day I would post how to find Imbalance on daily charts and How working against support and resistance can do wonders for you and You just need to remain focus with recent Gbp/Usd crashes from the open is excellent example of why I am not a very big fan of support and resistance while looking for big profits and excellent risk rewards 

Technical Analysis of Usd/jpy Scalping Opportunities

Here lies the opportunity to scalp usd/jpy For Intraday scalpers

Buy Usd/jpy 112.80 Stops to be placed around 112.35

1st Target 113.40
TP 1 Hit Closing the half and rest at breakeven 112.80
2nd Target  113.70

Take a look at the daily chart

TP 1 hit 113.40

Market Hotspots are the areas where you need to react

In this article, I will cover every aspect where You can have some clues where Market has to react or looking to react and that is indeed is very crucial point where You need to have conscious approach and I will cover couple of chart with recent trend in Eur/usd and Possible entry coming in Crude Oil which can prove very profitable, If it reacts from here very violently.

Strong Areas of Accumulation after false break

I will cover the chart and rest of few charts that I have during weekend and possibly tell why Support and resistance self trading prophecy is so dangerous and we need to get out of that self proclaimed success system, recommend by Gurus over decades which is the worst every trading approach a trader can apply to its trading system.

Curde Oil Accumulation hints before data hits the market

I will update the text later

Taking profits on my crude oil longs enter in the direction of the trend yesterday.

Enjoy the chart and don't forget to check back later as I have decided to prepare a video on this soft accumulation process before market awaits data and take profit earlier but how they accumulate their position to get best price to enter is all covered in this short video.

Only time tell us whether there is demand or supply on approach

Hi, It has been series of question being put about why I sold eur/usd, after in such a strong trend, then the answer is fakeout of supply and that supply was seriously strong, while we see price hold too long from second decision, there was probability that second decision will bring some chopiness as well, Its not necessary but approach to supply was quite shaky or in supply and demand words it was compressed and now it is back to the earlier decision and it is necessary for bulls to remain in control or if it is engulfed we will see what happens on approach to and my answers is short it again then

Price chart is all about decision to decision

Price is all about one decision to another decision, Price does not change hands from buyers to sellers without decisions because it could not be possible for the others to see whether distribution has taken place, and accumulation prior to distribution is one strong example of price will lean away from zone or supply .

Only approach to supply or demand tell us what is holding

Euro Chart below tell if you see the left side to start with where we see strong levels protected before we see price flip from a S/R zone and given way to new strong rally and another decision was made just above the strong support zone before price finds support again and saw strong buy orders there and price went in to consolidation zone again and last week we see engulf of first decision before a new low was made.

If you still need explanation why price move away strongly after it touched the second decision, then You should go back and explore the blog for few weeks and find your answer. Price back to decision of breaking the supply and If we got something substantial then it would confirm the direction of euro in coming weeks probably by approach to supply or decision to engulf again.

Make things simpler in Trading

Its upto every trader, that whether he make predetermined trading moves, or look for approach and find out areas where market has behaved whether it is about scalping or whether it is on higher time frames looking for position trade.

By now you should have at least a basic understanding of how support and resistance works in the markets. It's always important to visualize support and resistance as an imbalance between supply and demand forces where demand creates support when traders show willingness to buy or readjust their expectations and start to buy at higher prices. But a weak demand also contributes to create resistance when traders disagree in buying at higher prices.

Euro Japanese yen Technical update Looking to target 128.40 area

Euro trade proved very profitable which I close around 1.1185, face a decent retreat from these levels and post a daily low 1.1129 .

Now I have seen the Eur/jpy chart around the levels of 127.60-70 area and seems these levels have decent buying bids into close, though U.S market are bit slow due to holiday but I would surely look to remain buying with stops around 127.35 area and targeting 128.30-40

Let's have a look at the chart 

Euro Update Picking Up profits around 1.1190 Levels

First of all look at my post here, which I posted on Friday Euro Shorts

I recommend shorts on Euro around 1.1257 closing levels on Friday close and put stops around 1.1275 levels and Now I am about to close my shorts around 1.1185 levels and recommend to remain on sidelines till the new opportunity arrives ahead of new session starts.

+70 Pips to start the week

Gbp/Usd Technical update. Waiting for Sterling stop bids around 1.4571

Hi, Traders Welcome to blog again, As I have start to update the technical portion on daily basis or when opportunity arrives as a rountine, I am here again to post few technical updates and start with Gbp/usd, Gbp/jpy and Eur/jpy.

First of all I always focused on what traders or smart money attempts at the start and the close of session and lined up pair for the next day as moves between supply and demand or say stops and hunting, because only time tell us whether there is demand or supply or even if there are failed attempts during a session, I don't take any trade as I start lined up the behavior after such failed attempts.

Pound is in consolidation pattern since last few days as it moves just above support and looking for direction so in such attempts we can find areas of rejection or false breakout just above the level if we see enough buckets of selling and buying bids were carry forward to hunt the stops and In such case I always look to sell the rally specially after day session close.

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Trader's mindset can be its worst enemy

Trader's predetermined mindset after seeing the candles patterns is its worst enemy specially when we find such pattern occurs at strong support and resistance, but what are the probabilities that such pattern will give away to reversal or new trend or even end of retracement or correcetion.

How much success does trading candles only with patterns brings and If there is so much success ratio, then How many trader's does really make a living or substantial profit out of those patterns. There might be few who might have been very strong in risk management or control or manage there trades well or does apply some filters and come up with a powerful strategy to consistently grow their account but It does take lot of years to be able to adapt to any strategy, that is why I always try to trade logics not the possibilities which I think is quite similar to gambling and probability of success and failure is not more than 10-15%.

Chart of gbp/usd have different answers for me

There are bundle of stop bids around 1.4570-80 area and If you could see consolidation attempts to run this stops today we could see a massive selling around 1.4571-90 levels soon.

Euro Dollar Weekly Update Possible low risk reward short entry

Hi, Traders Its been a fresh start of the year as trends glooms But we saw few reversals on Friday which is a good sign as there is some nice recovery seen in Crude Prices, But I not still in favor of Crude prices blown up by demand or it is just short covering ahead of big key events next week which are to be scheduled.

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Euro Dollar Update Chart

I would still like to short euro for price last demand level from 1.1183 and put the stops just ahead of Friday Session high's around 1.1275 level and pick the first profit and remain on sidelines till first level is achieved and till the U.S close on Monday.

How to spot trend reversals In strong trends

Hi, Traders

In my last post I post the how to spot trend reversals with basic demand and supply rules and In this post I will mention How to spot trend reversals with mechanical use of trendlne, chart patters and it is the best and easiest way to spot strong reversals specially when price goes up and down with a series of high and lows.

Trading reversals is made up of two-parts, one of them is emotional and other part logical. Logical part is one which is answered quickly that If risk is really worth it, specially when reward to risk is high enough that one is forced to take that risk and the emotional part is that the trader’s ego loves to call the top or bottom. The error with this emotional approach is that often, if the facts go against ones beliefs, then so much for the facts meaning that in order to protect beliefs that a top or bottom is in play, a trader will often push ahead trying to prove their theory correct.

Let's get the answer with an example

Best way to spot when a trend is about to reverse

Chart below is the cross gbp/jpy, which is in strong down trend and it is easier to spot a correction is in play when you see a series of high's and lows which can truly give an explanation that first clue of reversals will be trade with strong cash inflow in the larger to medium term downtrend.

Download my best Trading Strategy E-book that I used to make my living.

For me, Its always about keeping the simple and one that offers good reward to risk and which has strong logic of trading reversals. The logical part is that risk-reward is so favorable when trying to catch or trade a key turn. You often have heard how important risk to reward is to a trader’s ability to survive and thrive in their trading. Unfortunately, it’s easy to use Risk: Reward as an excuse for the emotional pull to attempt to buy the bottom or sell the top but what about the reversals offers few clues and has some strength going ahead, this approach should either be avoided or traded carefully in a manner that will be soon explained.

Price Action Supply and Demand How to Mark demand zones

Hi, Traders Trading week is about to end and by far the most volatile week I have seen in past few years with stocks and Indices Futures tumbles most since the 2009 for few countries. This is not going to end anytime soon, so prepare yourself with the more to come and use tight stop loss because price rally off without correcting too much and that is why Marking Correct supply and demand zones really help.

Why I emphasis lot of marking zones, because this is a technique that professionals use to panic traders and run after their stops, specially day traders and scalpers. Rallies which engulfs the previous false break zones and traders expect another false breakouts, which never arrive the usual way as it should be as there is often hurdle that joins the party and If there is profit taking price usually take a reverse path and hence we caught in the zone of trading false breakouts.

How To Mark correct supply demand Zones

yesterday price action was key for me as we see Euro rally quite sharply this week as it is completely negatively synchronized with Usd/jpy and sharp sell-off in usd/jpy really puts bulls on tops of their game and they buy everything but usually there is profit-taking and test of demand and supply zones if there are unfilled orders left in the market and this technique is used more often than not to run after stops or punch in some new cash to build and gain more profits.

Technical Analysis of Eur/usd for the day 09-Feb -2016

Hi Readers, Starting from Today I would regularly update the blog with the possible ideas whenever an opportunity is available at the end of U.S session. My analysis are purely based on supply and demand and I will cover Eur/usd, Gbp/usd and Usd/Cad, Gold and Crude.
My technical updates will valid when European session begin till the end of London and will update when to cover and when to trail.

Eur/usd Technical Analysis based on Supply and Demand and Price Action

Idea is we have strong reversals coming from the low at the start of U.S session but If there is panic in buyers they will probably test the highs with full volume and If there strong money involved there would cash Inflow at the start of most active session and Price will get rejected from 1.1245 area again and we will put stops few pips above the rejection and look to target today's low which is around 1.1090 area.

Why I like to trade parameters Not Reports

Hi, traders
Its quite a while since I have posted my trade idea or put a step forward in learning process, but all in while I was quite busy mailing replies with whatever 2-3 hours I give to trading and look after for trade Ideas for my own personal motives.

However, It was quite a volatile week for Usd/Cad and also for Crude Oil, which I thinks pushing panic buttons among traders to rush for their own trades and close it too early or too late, But it is the truth of global market, that whatever happens there is always a risk that carries the trend and reverse them on larger scale.
Let's take a look at few of the pairs that Offers unique trading opportunities in next week for scalping or even for swing trading point of view.

Whether, it is Jpy Sunami which weaken the yen most in two decades, Chinese Growth and Aussie Mines which weaken the Gold most in two decades, Or Now Curde-Oil which weakens the Canadian dollar to significantly and Volatile one and that is why I look for trades in most volatile pair and One I took on usd/cad on Friday from 1.3840 level and still holding and looking for much more in the days to come .

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As I continue to speak off and wind off the weak and I would like to tell that further weakness in crude will put tremendous pressure on world and global equities, as cheap oil won't put a lot of faith in stocks holders that Economies like Canada and America would be able to survive and this panic will surely put pressure on Fed and other banks to put pressure on OPEC to cut supplies for further rise in price and supply cut would surely put pressure on crude as well and it all depends on type of situation we are in, as I am never in favor of supply cut as there are other suppliers like Iran inching towards their part of supplies in world oil Market.

Pressure on Crude Introduce Fresh long in Usd/Cad Positions

As I mentioned in the post above that I trade after quite a while and My position trade in Usd/Cad is still waiting for new cash flow in the markets when the market opens and I am expecting a move in London opening or U.S opening as I hardly sees price moves in Asian open as they are quite happy with cheaper crude as Japan and India will enjoy as their Inflation eases down which is seen due to Japanese yen strength.

Swing Trading Levels of Gold, Euro, Aussie, Newzealand dollar

Hi, Its quite a volatile markets since the NFP report, which was quite bullish for dollar but we have seen some strong level reversals by gold and Euro, So, as far as levels are concerned I have change my short term sentiment from strong bearish of Euro and gold to medium and short term bullish .

Gold offering strong levels of buying amid safe heaven demand

There are quite other facts that turn the sentiments from bearish to short bullish on both precious metal and Euro is due to the fact that there are not cash funds inflows at the start of the year after strong fall in the Dow Jones and other world's Indexes.

As, there have been not so volatile sessions at the start of the year trading, but this time around things are totally different which we have not seen is years could be the things to come with a start of bear market in 2016.

Euro with a fake break of support and offering lot of buying opportunities after retest

After seeing the above chart we have been given an opportunity to go long euro with stop very close to the recent low or rejection point which will give us very good risk reward ratio and its really worth trading as we have seen some strong accumulation after a steep fall in the common currency ie. euro dollar.

Forex simple trading strategies l How to trade like pro

Welcome 2016 l Preview of 2015 Setups based on strong trading decisions

First of all, Happy New Year 2016 to People all over the world and my blog readers. Year 2015 is the strongest of the last decade as We have some policy changes from China, Japan and Europe and the Strongest Economy which drives the Market United State of America known as Fed.

But this also a Fact that I am not a fundamental lover, despite being the fact these are crucial trading decision which always keep the volitality on check and this brings risks as U.S is the only economy which is growing out of all other Dollar Counterpart.

This Post is based on My setups and strong trading decisions which is the reason why I have been working so hard to keep the things together and maintain quality which help everyone of us amongst the best of the hurdle trying to make money based on Strong technical Analysis.

Trading Price Action Successfully With Entry and Exit Rules

Christmas Holidays have made the forex market a bit lazy or You can say trends do tend to go sideways and funds have been not put on line to push the price through important barriers.

Meanwhile I have decided to put my best of the trades in spotlight in order to tell you what I was risking and what I get and overall of very good year even When Price Action on most of the pairs were choppy in the last quarter, But Still I made some good pips as I always try my best to keep you all updated about any trade setup except few which were quite quick to behave.

Trade sentiment is somewhat differ from Trader's Sentiment or mindset

However, we always can say that when We trade we should have confidence what decisions we made and back them with proper entry and exit rules, which I think more important than what we feel while we looking to make some strong statements about our observing power.

* My recent Gbp/jpy Trade

A brief explanation has been posted below about the gbp/jpy trade which was trending all the way from highs of 191.00 to 178.00 and I pick some strong entries on h4 chart and same were posted on the blog and I am doing it over again.

*

Australian Dollar Another Short Signal in Bearish Market

We have seen so heavily selling in commodity market amid Chinese slowdown and hence riskier assets currency like Australian, Canadian and NewZealand Dollar selling has given traders numerous opportunities to bag lot of pips and It was much awaited after Gold market has witness a strongest bearish run in the last decade or so.

I have pin point each and every swing and supply and demand levels in the chart which have open way for the pair to give us very low risk reward opportunity and after there as rejection at top, we have few price action setups which tells us why we should always look for retest of previous supply levels to see If price could fake after engulf or create another level of importance.

My Recent Trade Videos List

Here's a list of my recent trade list which tells us that we can really wait for our turn after there are rejection and engulf at crucial levels. Do watch them all for price reading edge and Don't forget to leave a comment for better response.

Price Action With Supply and demand And Recent Trade Setups

Its been quite a while since I have keep my blog updated but due to my busy schedule i was unable to spend time with my blog readers and hence this is the reason for not updating time but now, I am going to keep it updated with regular intervals

Fed Decision and Australian Dollar Response

Even though we see Drop base and rally are not most important price patterns in measuring demand but it is not the one to ignore and We have seen some patterns in recent charts that really signalling reversals ahead of recent Engulfs.

How to measure Supply and demand Zones in Currency l Beginners Price Ac...

How to measure Supply and demand Zones in Currency l Beginners Price Ac...

Price Action Strategies for Beginners l Trading Reversals And Rejections

Hi!
Blog has not updated since last few days, the reason was end of the months and lot of action and also my busy trading schedule.
There has been lot of talk around of ECB Stimulus and momentum again shift towards the US rate hike after the tremendous and healthy NFP report, which has given new hopes to US population to see the first rate hike in about more than a decade.

I am really in favor of rate hike because since US decide to end stimulus and bond buying program the only reason that they don't lift-of was unemployment and housing market and both of them has decent or say excellent recovery and now the Yellen and Fed members has not too many things to think about and coming Christmas would prove to be the gift of Rate hike.

Now, I would like to tell you that I have just recently decide to put some charts on board, which has really moved a lot out of large consolidation and given new opportunities to everyone but those who still looking for another technique may be still for methods that they can adopt to give kick start to their trading which has not happen for them in years.

Ignore Demand Scenarios and Price Action Basics

In the chart below, gbp/usd has shown us the big way we should approach a technical chart and we don't need to put any Indicator on the board, to succeed and to see why Price behave in such a way which can give us some idea how price use to behave violently when it revisits such areas.

Take a look at the chart Below

This chart has everything, whether you talk about Ignored Demand and retest after buy orders and If You want to trade support and resistance there was flip at lower high and then decision made again and You do get a clue that If there is lot of supply in the market market does not really wait for a pause and recent drop in Sterling is 550 pip drop and from decision it has already drop 250+ pips.

But what was crucial for me, a clue prior to release of NFP which means BOE policy decision was most important and single currency pair need local or individual guidance more than it depends on relative cross which was in this case and that is a big lesson for traders who like to trade only dollar and concern about what is happening with another global economies and that is why usd/jpy moves a lot when NFP data released.

Trade Currencies Like a pro

I will Try and Update the Chart Later.

Possibly I would update another  chart to trade prior to release of FOMC Meeting Minutes On Wednesday.

Trade Safe

New video of the Series l How to define Price Action Zone

This is the new video of the series and video of just I have just posted with my previous article. This will you give better idea in understanding the whole concept and visualize those areas which are of high importance and on which whole trading has been based.

How to Trade Buyers Trap In Forex l Institutional Supply and Demand Concept

Here I have built up a strong article and chart where We can spot the strong Institutions behavior . Specially where we have seen strong Institutions and smart money behavior.

There is not denying the fact that some areas are of utmost importance and when those areas hold there has to be a strong logic or meaning of price breaking or faking the zone. In such cases, we should watch the behavior with second test and consumption of supply and demand.

This Chart clearly is an example of that trading is not a science, it is an art which can be master by strong conviction and dedication in understanding what Charts are trying to tell not what other factors or factor that decided the nature of price action Movement.

Price Action itself is a term defined for reaction to a particular zone, It is not a combination of several candle or candles, where we see pinbars or set of rejection candles fitting well into context then we must see strong decisions based on the after the rejection happen.

In this chart in itself, we see some strong rallies which complete ignored and when such rallies are ignored, there are strong set of pending orders or buckets remain unfilled, and when price retest it again and that rejection is strong then opposite demand of supply is tested and when it got faked then there is reaction that is needed at the supply and that is what exactly makes me a chart lover, when everything happens with such strong synchronization.


Take a look at the chart first,

Where we can spot such behavior, we should first see how price behaves price completely turned from the zone, and when price tries to retest does it clear all demand buckets, the answer is yes, because strong demand off the bottom is tested and fakeout . The last point is rejection and it itself is a strong one, which should be the point of real concern when it faked out the high previously and recent swing high.

S/R Flips helps in Decision Making

We have seen lot of consolidation ahead of ECB Policy decisions and price holding crucial support prior to the release but what happen was the strong bearish price action unfolds and that happens when we seen demand hold and  Consumed whatever demand there was and followed by strong sell-off

Chart will give you better idea what I am trying to mention in that article.

I will update with more charts matching the context and tell you How price action unfolds prior to that strong sell-off after there was rejection at the top.

Candlestick Traders But how much Truth behind Candlesticks price Action

Hi, Traders

I have just recently spend so much time on the research how candles help in spotting of a trend, but I honestly did not find so much to work on or even think about depending on alone candlesticks patterns.

But that is truth that candlesticks forms a strong trend and starts with a pattern but If there is no patterns or context in sight, then they are very hard to find out.

Support or resistance rejection pin bars are very hard to spot because they will signal about the trend which has already mature or not too much to travel and that is why there are not reliable but when price is about to reverse they forms a setup at top or at bottom, but if they are too heavy and demand large stops then there is no point in looking it again for smaller risks as they often let you follow the trade more often than not.

I have recently watched Euro/Dollar daily chart with supply and demand point of view and including candles in my setup as a help but did not find any suitable setup and find out how pinbars fake the price action so many times and stop hunting followed afterwards.

Euro dollar setups and Candles Prophecy

If you rely on candles then we see a rejection at the breach of resistance and we saw a follow through but wait is this setup is telling us the bottom is eyed which is the origin, then why we see so many quite sessions after we see a sell-off signal at the top.

In the chart above, I have recently spot a continuation or pullback entry but lot of traders won't agree with me, because they will look to sell at the retest and failure but it already has done the same as the recent price action unfold. And usually we see sudden change in the volatality and price breaks so many barriers.

How Institutons and Banks Trade Ignored supply And Demand

Hi, First of all I would like to request all of my blog readers that stop spamming my email and blog with fake comments or try to catch my eye for personal attention, I already told you that I have limited time and In between that given I have to post, trade and keep replying emails. So, I would request to take note of each and everything that is mention on the chart try find out videos On youtube and explore the Videos page of the blog.

Trading like banks and institutions is something that works in the long term and You have to take quick decision or market take quick action while following retests of the previous failed buckets of demand and supply.

These buckets could be placed at ignored demand or even at ignore demand but We should not blindly trust the retest would be Fakeout as it can work otherwise if there is not a quick decisions made by market to complete reverse after retest. Even if it reverse then the complete structure from that low or high would match the criteria for longs and shorts and then any conclusion can be find out.

Ignored Demand means Institutions Behavior when Price Retests

This chart explain it all but we should be consider few points before taking any decisions which are the S/R flip, whether price broke the last support after breaking the demand and retest it, Or price found new demand before retesting and how price behave after the retest. In the above chart after retesting and consuming the supply price compressed into demand zone and completely faking the swing low and demand below that low which is strong sign of Institution behavior at buying low and when price fake that swing high and supply above then this would surely clear ideas of supply orders are being consumed and there is a chance of buying could been seen at retest.

Most of the time when price found new support and start rising quickly it pause for a while and that areas are very crucial before rally and price could completely fake these areas when it come back to check the frequency of left orders and react if there is buying interest found and that is exactly happen in this scenario.

This chart is complete package of consumption and distribution as we found new area of concern where price found demand and it was again completely ignored and we see some stacked demand when price retest the area and then fakeout that swing low and straight into the last demand and faking it out and give us another perfect opportunity to buy at the recent lower lows and these are the least risk taken in trading but it need practice and complete awareness of the scenario and when specially when price has recent history at those locations.

Gbp/usd Update Looking for Much Higher Targets.

I will update the text later, Chart is updated with  Fakeout of previous demand Pockets and Price looking for another Decision point.

Yesterday I lost about 100 pips on Aud/nzd trade but there are no regrets but we should always respect every market move and market compensate today with that trade. I was busy analyzing the sterling chart, So I update late but still there is potential to make much more or even wait for next update. I would surely be looking to see reaction at demand levels right from the bottom if Price reverses or I expect a consolidation and accumulate this big move .

Price Action always a challenge but not for those who knows that price will certainly create few bugs before moving strongly and yesterday reason for downrally was never specified in any cause because supply was already consumed I really expect a move at demand or fakeout to give me least risky entry and It happened so quickly that I took couple of entries in a hurry with two pending orders at previous decision point which was ignored.


I will update the text when the session day trading sums up.

Why do trader Overanalyze too much rather than Look for Quality trades

Hi, trades My last post of Crude Oil does not pick up from the new demand but It will be updated again as We will now look for failure or Fakeout at the top of trend If an opportunity would be provided I would update the blog.

Over-analyzing & trades & there subsequent results will leave most people in a situation of no action, or what we like to call Analysis Paralysis. You’re going to make mistakes in trading as well as life as there would be much more stress if you look to compensate for your earlier losses as a result of anlayzing charts too often.

There is no doubt that professional traders has a lot of edge over novice because there learning capabilities from mistakes, and to never repeat them, as they are more commit to the process and they move ahead with confidence & with much more enthusiasm.

Loosing and winning are part and parcel of trading or any other game. But like other sports or game you can keep loosing & in the end you can still win the game. Traders forget to take into account all the other events a and plays that preceded that moment which also had an effect on the outcome of the game. Just like the aforementioned example, trading successfully is the sum of a lot of small things and decisions taken over a prolonged period of the time that can bring success & overall profitability over a long period of time.

Trading Opportunity Of Aud/Nzd With the potential stop and Target

Pair Aud/nzd
Entry 1.0950
Stop 1.0850
Target 1.1200

Trading should be based on Probabilities that works according to plan

As I said, In the above example that I never Overanalyze the charts too much,as crude setup was only valid if Price got rejected and we trade that fakeout after confirming the new high but it did not play according to plan.

Quality Traders Learn from such mistakes and never mess with charts of setup too much and we as a trader should not look around when things go wrong and still looking for trade setups out of failure trades.

I often look at charts at the end of the day and as the daily trading sums up, I found another setup but It has much more to go as setup is already got rejected from current supply level and still I think has much more to travel than it has done so far.

Week Ahead Update and Substantial Crude Rally

Hi traders,

Its quite a while since I last update my Blog, but there has no price action to follow except recent Crude and Riskier Assets rally and there could be medium or long term bottom be placed, and the biggest clue is recent rise in rally of Crude is the biggest weekly gain since the late 2009 in November.

Big Clue was the recent Canadian Dollar strength across the board and that has to happen when crude and Canadian dollar are strongly negative correlated Currencies and Riskier Assets Like Aussie Dollar and Its counterpart Cousin Kiwi dollar recent rally is quite a big clue as We have not witness such rally in the past six months or so.

Let's begin with Crude Daily Chart, as they said there is clearly strong double bottom that failed and then with a break below that bottom we witness strong rally and that is bigger clue that stop hunting below the low was the reason of the last decline.

WTI Crude Hourly Chart Update

Basic Idea of presenting or posting charts like this is to let trader's know that what is true price action which demand or expect reaction. Reaction only come If price structure is designed to let everybody aware of the fact what charts are telling us. Now, simple scenario will be the Price test the New Demand zone and get rejected with strong volumes which will surely mean that there are new cash inflow and they think that crude is very cheap and should be good price to buy as it got rejected from previous levels.

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Watch How I Trade Euro With Supply and Demand Rule

Significance of Consumed Demand And Supply Zones in Currency Trading

_______________________________________________________________________________________ Category : Supply and Demand Zones and How to use them

Tags : Supply and Demand Zones, Supply and Demand In Forex Trading, S/R flip zones, Decision Making on Demand Zones, How to trade Ignored Demand Zones.

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As it clear stated in the Article heading that What are real supply and Demand Zones and How to trade those areas which are either consumed or retest.

But Most of them are interlinked with each whether they are New Demand or supply areas, or whether they are already consumed zones.

Real time Example of Consumed and Ignored Zones in Eur/jpy

I will clear these ideas in the weekend with more articles and with clear and neat examples with explanation and help you in identifying those zones to trade them successfully to know how strong money take valid decisions based on Consumed and Ignored supply and Demand Zones.

Price action from Higer Time to lower Time and Eur/jpy Shorts

Reading price is not a science, But still we have to bring in techniques which is indeed needed to read price action. Price is fractal and there is no fact that is moving sharply down on one time frame and rising on other, It will keep moving in the direction with orders coming in If there is an Institutional Orders are still need to be triggered . But as activity can be spotted on lower time frames, higher time frames should always be supportive otherwise big players can really drive the price to next decision point.

Recent Price action spotted in Eur/jpy on Friday was the real game changer because as I spotted there was some strong synchronization from daily to h1 time frame and price was looking for a trigger to fall which happens just before the market was about to close prior to weekend. That sell-off continue when market open on Monday, and I have try to cover cover all the activity in the chart below as I have emphasis lot on decision making rather than look for trading opportunities in every strong movement.

Decision making has to be there From higher to lower time frame but If it spotted in lower time frame and we saw some strong selling or buying on higher then we just only need a trigger with small risk to spot an opportunity and trade the trending market or even caught reversals at right time. Approach should be there and consciousness is the only difference between making money or remain on sidelines when you should be trading.
Lets look at few examples of the shorts I took On Eur/jpy

We have some strong decision making process in h4 charts, the area I marked with grey box is the decision making process but how market approach it was crucial . At first attempt it already fakeout the first decision point and then test it low approach or can say compression and finally made a new Lower Low. The area of concern is the upside rally has two decision points in which One is consider to be a pause after first rally which was tested already and second was that next demand of that DP was ignored on its way down.

Now For me I would surely be watching the price for next couple of days, how price approach that ignored area of if price found something substantial at the lows and If it did then I would surely look at the pressure on buyers when they buy it low, because remember there is always buyers at lows, but we have to see the pressure how they buy or take the price to next decision point to sell it at the higher price which for me is the way institutional orders hit the market.

Tags:Price is Fractal, Price Action Techniques, Eur/jpy Updates, How to read price charts, Intraday trading techniques, Forex Intraday trading, Live Currency trading

Support And Resistance Or Supply and Demand

Hi, First of all I would like to remind about my last update, of Eur/usd where I mentioned that Euro is sitting on weekly demand and pair rallied to 1.1460 and that is why I always it is really worth to taking weekly and high time frames into consideration.

Now, the question arise here whether supply and demand are the same as term use for support and resistance. Answer is simple and straight "No", because support and resistance have no concern for smart players as they use them for take profits and when we see again that those areas hold it could just act at supply or demand and that is why price turned at high reversal points.

I am hereby putting everything together in one chart and with a live example of eur/jpy where you can see that why every support is not support all the time and why we find strong holders sitting at high or low with the break of those small support and resistance areas.

Supply and Demand Vs Support and Resistance

Its about decision points after we have seen some strong areas of demand and supply ignored and Reaction when price again approach those areas. In this case We have some history but that history won't be considered as valid untill we see another approach to test the borken areas. Price made a lower high after strong decision points marked as fresh demand with the blue box but price reacts well before it and compressed to ignored demand (second one). We saw a strong decision point through the ignored demand and price retest with new lower low was strong confirmation of pending sell orders and price reacts immediately and fall to test the demand formed and that is where I would looking to close.

Approach to support and resistance is difference between Pro and Novice traders and when you some history it has to be validated with context and when everything synchronize well with history then we get to conclusion that smart money is present in the market and playing the tricks and we just need to be conscious to get and entry stops and target.

Euro sitting at strong weekly Demand Time to buy Euro against Pound

Euro is sitting at strong weekly demand and Bull should attack this area and This could be the last chance for the bulls to move the price higher otherwise bear attack would be enormous.

The reason why I am so much concerned about this chart is that because bulls has already given 1.5332 area which was strong demand zone and it was tested earlier but bulls failed to rally the price above the previous supply Area.

Now We should start buying Euro against pound as I observe that both of the currencies will start moving in the opposite direction and Euro will outperform Sterling in such a Case. So I am not putting lot of pressure on anybody as I am not the one who decide but what I can see weekly Imbalances and Now It is the time for the strong reversal to take place in euro against the point.

How to Find High Frequency Reversal Points In Currency Trading.

Hi, I hope everything is going fine as I try to stay away from blogging and trading for a month and in the meanwhile I didn't had time to update the blog as well. But, As I stated earlier, in my post How scalping can be benefited if You want less riskier entry and make money while less taking much less risk an swing trader does.
A reversal is not created on a day or two. While many new traders will look at a chart and see it as ‘overbought’ or ‘oversold’ market conditions but these two terms are rather a part of Emotions being Involved rather than any other defining reasons that a trader can work on for better trading opportunities.
There is a lot that goes into a top or bottom forming that can generate worthy trading opportunities, But how a trader can benefited from them as they rarely occurs on higher time frames and most of the Corrections don't ever turn into big time reversals.

Short term reversals can be a part of too much expectations as they are never a part of weekly or monthly chart. A true reversal requires ally or Collective Institutions feel same for the change in environment. Complete Change in Sentiments requires everything to fall in place and it is quite rare.

First, the fundamental backdrop must change on multiple higher importance news events by way of a significant surprise to the upside or downside. In an uptrend,The key point to be made up front is that reversals are more rare than we give them credit for and the small corrections, less than a reversal where multi-week lows are made in an uptrend, often aren’t worth trading. Therefore, when we believe a correction is turning into a reversal, we need to be skeptic and prefer trend continuation.

Lets take a look at few of the ingredients that need to accomplished to call a reversal or continuation in trend .

Usd/Cad update Close trade For +150 Pips.
Strong Ride as Expected, Not expected such a quick run.

What is scalping or Intraday trading and How to scalp successfully

I would post an article (not a post), but a complete article itself in the coming days where I would try to let trader's know How to scalp currencies. Scalping or Swing Trading are nothing but only techniques that requires practice and experience and all those myths that traders have or wrong assumptions that come to mind would be cleared with article. I would post charts with example and If an entry could be taken or what are the facts that you need to point out when you consider taking scalping or swing trading opportunities.

Starting with Euro dollar which I think is a safest currency and enough to provide you opportunities and clear level for Intraday trading and has good range on a given day. Euro is best to scalp because it is great sign of global sentiment and moves randomly with the global improvements and setbacks and that is why I always prefer Euro and Pound for Intraday trading although I always believe that trading any currency require immense concentration and it keep testing your nerves when it moves volatile but still a chance arrives when it fullfill few assumptions which has to back up by your trading plan

to be continued..............

How to read a Currency Chart With Euro Dollar Base was eyed

Hi all,
Its been a busy week so far and I was looking for opportunity but None was provided but today ahead of FOMC I saw Euro and pound chart Which I post earlier, and Now again I come up again with something that is worth looking at.

Reading Price Action chart is not a science, but an art and an art to understand in advance when and why a particular area is going to behave and when You know in advance and price react the same way then entry become lot easier.

See here
FOMC Statement and Pound Updates

Supply and demand traders are somewhat stay ahead of what other thinks and Recent Euro dollar example tells you all the story. We saw a strong Euro breakout and also saw a strong demand level which I market in the chart. Demand and supply are more than you can think of but I always mark those which are really helpful. Now, the idea is demand and supply levels are there to be broken but we can really spot out those who are going to hold and chart below is a great example of that.

How demand level in Euro Holds out

Although I sight reversal in Euro When it was fail to break above the multi-week high again after long ranges, But still I need further clues to make a statement that Euro has continue its Bullish Momentum and further gains are possible, But I never make prediction till I got a strong evidence of what is about to happen in the coming days or weeks.

Euro is vastly trading currency globally because of 17 Nation currency has lot of trading partners globally and they need Euro to pay for Imports and that is why Euro's exchange rate is sometime so vital for other basket of currency and they will move randomly with Euro, But One should not bet on that and Should have well versed with knowledge and skills to trade Euro or Currency that are positively or negative correlated with the Euro.

Reading Currency Chart is the Important tool to have as Its not only about indicators lagging or advanced, it is about reading Institutions or strong holders movement because they are the one who will move the market up or down wherever they want and specially when you have such big risky event one must be completely sure of taking and entry prior to release because when you take entries with the market movement then most of the time you get trapped and price mostly reverse after strong one sided movement.

This is a special skill that one should have to survive and think of making Forex as full time employment or money making opportunity but reading charts is must to have in your belt to keep growing as a trader.

Stay Tuned For More.

gbp/usd Update Before FOMC Statement

Sterling Chart has been updated and I have seen Values that want to push the price higher and some strong new cash flows yesterday but it still capped around 1.5750-75 area and once they are cleared, I won't have any other doubt that price will surely test the high and go through very strongly.

Just waiting for another FOMC Fed minutes to disappoint Market as they seems in no hurries but BOE seems to be in quite a hurry and next BOE meeting would be very crucial but I prefer to see values on chart and keep things simple and straight and I would be watching strong test of base again around 1.5640-60 area and then would be looking to see If price break the recent high for more growth.

Stay in touch
Trade well

Euro dollar updates ? Is the rally substantial.

Hi, Traders
Is has been busy week since have post few trade setups and those which were post went fantastic and specially Where I have mentioned that reversal is on the cards even before the NFP data was released earlier this month.
I would be rather sitting on sidelines as Euro is very well bid up but rally from the highs is sending signals for a test of 1.1125 and below 1.1075 area But that's not important as Institutional Money is out of Market otherwise they would have went along with the break out and go beyond 1.1260 Barrier, but they give up earlier and took their profits and retailers are just moving the price in a range on shorter time frames.
How I spot Eur/usd Reversal when Last NFP data was released

Focus is now shift from risky events to expecting events and when that was happening when Fed start bond buying programme two years ago we see Euro rally a lot and the reason was simple that Situation in Euro Area was the same But the dollar demand was low because Fed did not want strong dollar as their focus was development and provide banks enough liquidity and safety that stock holders start feeling confidence in investing and feel much secure with their Investments in States.

That Bond buying Programm did wonderfully well and we see stock market is at the all time high's and Not even in US but through the world we have seen a rally since last two years. Now Time has come to provide more safety as Fed has create enough employment opportunities for its public and now we soon shall see rate liftoff and that is why September Meeting minutes are very important for Investors around the globe.

Trading levels of Gbp/usd l Price Action Analysis

Hi, Its quite a busy day with much awaited NFP which came just below expectation but as I mentioned in my previous post Eur/usd that Reversal in Euro could be on the cards,even though Unemployment Data came inline or more than expectation as long as 1.0870 level is protected and Now, I am waiting for Price Action to give me more clues of bullish momentum and I will update the Euro Chart If and When that happens.

This post is about Sterling or Pound dollar chart In which I am about to mentioned few crucial points of Price Action,First of them is that It traded in within a range since past few weeks and when that low was broken, price hurried up to go above the broken support.

Point of concern now is break above 1.5550 to give us strong indication that bullish momentum is again getting speed and we should look for long entries. But as I said we need a break above that level. To Sum up the things see the h4 chart with possible scenarios and How price unfolds beautifully as expected.

Price chart of Sterling

As You see in the chat price attack the line 1.5470 immediately after breaking the support gives us clue that price is ready to rise but we need bigger clues if price can break 1.5550 and we will get strong trading levels from 1.5470 to 1.5550 and then we try and look for possible long or short entry. But still too early to tell whether price action of gbp/usd is bullish or bearish.
Looking ahead 1.5610 is strong level and Price Action traders always keep in mind the possible targets when it hits the bullish momentum and possibly continue its way through and breach several levels to find its target.

If Price breaks the low of 1.5422 level then it would be a different story altogether as I would look for bearish entries if Price give us opportunity at higher levels to trade and short the pair after breaching the lows .
Price Action always tells us what to do and what not to do and how much you need to have patience and whether or not that patience is paid or leave you much more awaited for your next trade.

These are much important levels for Price action traders, As I mention in my previous posts that Supply and demand levels are the only true levels to trade rather than trusting support and resistance as we have seen so many times, Price breaks a support and rise with more powerful and break the resistance and decline with even more strong pace than rise. But Price Action is king and reading every time frame is very important to give you the entry and exit levels.

Stay tuned for more.
Trade Well
Happy Weekend

Much Awaited Non Farm Payroll Possible Last one before liftoff

Hi, This is possibly the last Non-Farm Payroll Data before Fed start lifting up rate till the end of 2016 and this should be the real cause of concern, But this market has lot to offer but nothing for those who are not conscious.

I am posting Euro dollar update With the Real time example of last move and what happened when there was talk of Greece exit and Euro rally over 400 pips, after the market open taking all the stops above swings high and low,But I would still be cautious and will not trade this report as I have market few areas on my chat which will be a due coarse of focus for me, and If price went as expected, then we could be in for another ride before the Next Fed Meet.

Eur/usd Chart Update With Possible Moves

I don't expect anything from markets as I hardly watch news but I spot the areas of concern on my chart and If I am right then I will possible turn to shorter time frames for entry. Euro is in pause mode since last few weeks, may be Market expecting a lot from data but possibly one clue was given when Employment cost Index data was released past week, which tells that employment rise only give 0.2% of the wages rise and which was much lower when Fed was rising rates a decade or so ago.

But Situation can change dramatically and we can see the opposite reaction, when data released but I am expecting something out of the blues, But never ever ignore what market offers or it does and stay alert on your toes and don't just push buy and sell button, till you mean to and when you have to.
Stay tuned for more.
Trade Well

Supply overcomes demand and finally Consumed and Bulls Ride The trend

As I update you yesterday about my positions in Eur/jpy trade and you can check them by checking this post.

Further, I would like to put more light on the fact that Only Price action is what Tells you where price is heading, Trading with lot of indicators never gives you an edge, unless you know what is happening in the market.

Price is king whenever you trade and whatever method you adopt should gives you an edge over other methods and If You still don't know your niche in trading, you are not on the right track and only get disappoint whatever system you try.

I never Claim that I am trading with best of the strategies and Speaking honestly I would like to mention that I only succeed 30% of the time but what about rest 70% of trades, they all are Loosers but my Profitability factor is still 3 times of my average losses.

Have a look at previous Two trades As How accurate you can get sometime depends on how conscious you are about your system

Eur/Jpy Demand Overcome Supply and Drive the Market

Points you need to considered while trading or building a plan

* Versatile Strategies should be adopted as Market conditions changes every-time.

* Trade only logic and not Indicators.

*Whatever system you adopt, You should make it your own and add few unique enter and exit strategies.

* Don't ever follow your trade too much. You should know in advance what IT's have planned and why they should take your stops before moving in your favorite position.

* Price is the only thing you need to consider rather than trusted only bullish and bearish candles.
Stay tuned for bit of more help. Take a look at few of my previous posts.

How To make decisions in Advance in Forex Trading

Decisions Points in Currency Trading

How I pick short term Top in Euro

How to decide in advacne the Value of currency will be Rejected at several places

Its been quite an exciting week so far, with lot of happening around but the most important thing is that if we can something out of that market movement, Here I am about to discuss "How we can project that current Value will be rejected or not", As we all know this market is not driven by retail trades and hence we have on control what so ever as we Collectively move in one side and still we can't drive the market up or down at a certain pace, but still we can collectively facilitate the market.

It is up to strong holders that how to drive the market and how to keep those level interested, that everybody took their piece while we approach an area high low which is breached by strong movement either way, Specially when we trade supply and demand and the movement is so sharp that sometimes we do see few fake retest and value still remain up or below a certain barrier.

Let's take a look at trade of Eur/jpy I took yesterday

So, when you decide to trade such scenario, think in Advance.
* Importance of Level, How crucial the level is, means the rise and decline from the broken level should be strong
* How Price is approaching the level or retesting it . If price still very choppy in retesting then move to lower time frames for entry
*It's better to wait for first test otherwise that supply or demand levels seems to be consumed if we wait for second retest and still low values can spike out of anywhere.
*Profit margin should be atleast 2 time the risks and If you trade at higher time frames then this type of trades can go atleast 5 to 10 times of the risks, So better you trade those higher h1 or m30

Charts that have Strong Supply and Demand Zones or Levels protected

As I previously mentioned that You don't have to look out for historical price values as there is strong intuition that price might react or not react on a particular zones and chart that I have posted below really is a strong evidence that Strong Supply and Demand zones need reaction and those areas should show minor development areas or level protected after the breakout.

Strong Development Area or Demand and Supply Zones