Blog is about Forex Trading for beginners. . Build forex trading strategies and make a living with Forex Trading.supply and demand price action, supply and demand zones, Price Action Techniques & learn to trade like banks and institutions
Friday, October 06, 2017
Decision & Price Action zones Understanding Institutional oder flow
Wednesday, October 04, 2017
U.S employment data & price action opportunity with canadian dollar
We are approaching for october us employment data & perhaps the one to focus before next fed meet to raise the expectations of next fed rate hike. But I really don't put my focus on fundamentals as its always the charts which draw my attention. Recent choppiness has not provide any clear price action opportunity as price has been paused after big moves looking for market to respond and we can witness strong volatility when data will be released.
Price Action is looking reaction in Usd/cad cross.
I always look for recent trend strengths and see if there is cautious recovery is on proceed to look for opportunity to trade with the trend. I have explore few charts ahead of the NFP reports and found usd/cad lovers looking for breach of important support of 1.2300 & then you can short on return it but it entirely depends on Pa how it approach the support but a classic trade opportunity is waiting to be traded.
Sunday, October 01, 2017
Institutional Traders Left shoulder price action -How to trade Head & Shoulders pattern
As I've already mentioned that most of the price action patterns failed because all of are probably based on fibo ratios, trendlines or head & shoulders breakout patterns & that is why they all are prone to fail most of time. Failed failures patterns are best to try out sometime if we follow strong Drawdown rules and don't carry loosing trades too far.
But As I said there are few rules to trade every pattern exist and well worth practising. In this brent oil chart price spent lots of time inside boundries and coming out of strong breakout and then price consolidate abouve that & once we saw this breakout a pattern build and this is how we can see market never lets you trade pending orders above breakouts.
After market breaks out something was left on the table and that was taking out stops of retail traders and those who trade breakouts once again had to covered but market demand or orders was just below the pattern where I mark red rectangle and once first test was completed we need to notice if price could desperate to recover & that is what happened and market build another one and second entry was offered at test of the previous holding resistance.
I would update the chart as market has reached the pa zone again for oil as this could another move up if it hold and if we see market give it away easily then we can see this breakout could be target for shorts.
Stay tuned for updates.Price Action Analysis for Gold Futures & Crude Oil
Its has been quite a while since I've updated the blog but the situations are sometime quite messy. Been busy with the schedule and recent site launching price action courses and Forex signal services free of cost for complete year.
Coming back to the updates. I didnt trade for last six months but now I've taken or eyeing few positions & looking for price to enter those zone. Recent move of gbp/jpy has been astonishing as we've witness a 700 pips move down & 1300 pips move from there in no time. I would have caught one down as I see a bullish trap and clearing out buy orders and then bang it goes on the day of Probably August UK employment data & keep following after the release of Non-farm payrolls.
It is not easy to pick up rhythm righy away and see whatz happening but those who've spend time in market got glimpses of things to come and thatz why I always look for big boys always have their eyes on Gold & Crude Oil. Rally of Brent oil also has been inspiring as well with a false pullback around 52.55 oil.
Popular Posts
-
Reading price action, it's important for us to estimate - is this action a result of institutional activity or result of any oth...
-
Euro dollar Rallies After Strong NFP data Hi, Traders Is has been busy week since have post few trade setups and those which wer...
-
How candlesticks patterns trap traders Trader relaize Length of Candles were not big enough Why I always think that candlestic...
-
Buying seeing at low levels As I have mentioned in my previous post that Forex Trading is all about consciousness and timing and w...
-
Sterling Chart has been updated and I have seen Values that want to push the price higher and some strong new cash flows yest...
-
Trading the market, you want to see something beyond candlestick charts, and you want to see - guess what? You want to see people, ...
-
Newzealand bank cut the deposit rate by 25bps After leaving rates on hold for 6 straight meetings, Finally RBNZ cut deposit rate by 25b...
-
It has been quite a long break trading but as I said that I have sharpen my trading as such that I can rely just on perfect setups to build ...
-
Forex strategies ways to find imbalance on a currency chart It has been quite a busy week but at the end of the week as it happe...
-
Crude Oil Future Technicals Hi, Readers First of all, I would like to give you advance wishes for New year & wish that new...