Trading look easy When you test your strategies

I will cover few trading techniques and strategies and guide you through the process which can help you pinpoint your entry. Market dynamcis and structures are designed so skillfully that retail traders often found themselves in dialemma when to enter and when to exit. To be honest, we are just exit liquidity for bank and institutions and they do this while there are some tensions and strong fundamentals releases around the corner. You just need to understand the complete structure of a setup.

Points you need to cover first of all is whats lying in the place where you should enter and that could be previous history and support and resistance area and simply put the stops few points above previous history or consolidation breakouts above or below.

Check the Chart Above

As shown in the chart above, Price has a history above or below and strong rejection out of head & shoulders pattern. As I mentioned in the previous post of ethereum rejection, Candlesticks patterns is important as it is the first thing we need to know while making decisions which is the power or sentiment building to move from recent levels. In next chart, I'll point out the Candlestick which was built at top and the how price leans away from the level to next support and then flipped the zone while testing it again.

Move on to charts that gives us perfect entry

Before moving out to next and explain what is exactly mentioned on the charts, one must understand the points and fact the reason of taking a trade. History often repeats and patterns which are build and area of taking a tarde should be strong. Even strong support and resistance are breached in single attempt and never revisited for lateral entry and this is even not the right way to trade. You must understand the fact the trading requires techniques and often stops and hunts are picked on edge of the chart which often place in between ranges and before breakouts ever occur. Learn to take a trade at revist but often pick up points that one must learn before entering.

This charts points out three levels upper middle and lower and we see reaction at all the levels . Head and shoulders and strong rejection first. Secondly, we fould ignored area with even more pressure which means that bears who take out the level didn't respect that level which was earlier accumulate orders and third one is lower zone which flipped the zone which often is a clean signal of there are orders left need to be taken out and one points which I didn't mentioned on the chart is point which is we cannot go straight out and take a trade on bullish rejection underneath. One must wait for candle to close and next candle to open and react and see if there are buy or sell stops above or below that candle and this is big mistakes trade do and blindly place limit order few points above or below bullish or bearish candles.

Note down the points and I'll continue the blog in my next summary of taking another trade this Monday and post it right here on the blog and explain the specific reasons of taking out the trade

Here is yet another example of ignored areas

Same can be said when we see upper area has been the source of strong decline and we see the price often flipped the lower zone then we can wait for confirmation of the candle close at rejection from medium range and then we see if we see a full body close at flipped level. We enter immediately after the close as this is strong momentum which will again ignored the flipped zone and we can ride the low of the swing .

Ethereum Rally was on the cards

Crypto trading futures I saw this ethereum rally coming for more than six months but it takes lot more time to take effect. Now as My point of view the recent price action in ether is quite low and awaiting response as compare to early price action when it explode from 36-3400 levels. I saw this as new opportunity to short ether at recent levels. In case you need confirmation you need to wait for the today candle to close and which will confirm the Price action if it is a dozi or low body bearish or bullish don't matter.

Somehow I manage to site another short opportunity while we are still awaiting U.S GDP data and Big institutions are pricing in NFP as we might see a surprise in Payroll data after recent Tarriff war started by Donald Trump. Whatever he might be planning we should set it on sidelines and look to target Crypto as they are the first who react whatever comes out of U.S corner.

Update of the post above

As I posted above the trade and went through taking that opportunity I wonder if it would take another couple of sessions to drop but instead it took just one U.S session to drop 200 points straight to 4650 support and psyhological barrier . Now I am sitting breakever +150 points and trailign my entry.

For better understanding check the chart after posting for clear understanding the matrics . I will cover the idea behind the trade which will help traders to pinpoint the entry .

Keep an eye Gold Futures. Eyeing big reversal

I would update the blog with possible reversal about to happen in Gold spot futures which will atleast target 1510 area and only support around 1760 needs to be breached & I would put stops around 1776 area.

I would like to change my idea after seeing such a strong rally in Gold future which has never been witness. This might go to strongest in recent decades, specially after U.S struggling with economy we can see the Dollar sell off continues amid strong stimulus packages issued by U.S government which will surely put lot of pressure on U.S dollar in coming months & It won't stop here & I'm eyeing something really big & We can some strongest packages coming out in a couple of months time.

So far Rally has been so strong that I have changed my decision to look for more strength with the correction rather than reversal. I would advice you all to stay away from shorting Gold at the moment and possible look to buy on dips for a rally towards atleast $2250. If this correction continues to be deep, then probably we will have strong support around $1750 & from there we can look for possible buy for a stop around $1690. First, we need to see strength of the correction and secondly we must see the Support and resistance holding or giving away when this rally continues to be strong or stalled around areas.

Chart & idea will take sometime, but I'm pretty sure that rally has stalled for next few weeks. I've seen so many reversals after strong NFP release & one of the strongest reversals in Gold future happens in 2011 when it topped out around and price was around $1886 when strong NFP numbers surprise the market, but this situation is never ever faced by anyone like the Pandemic and other fears after pandemic, so wait and watch the Price Action unfolds and we will soon see some good areas to buy Gold and get a piece of pie..

Eth address to Contribute
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Forex Trading without indicators and make it as simple as you Can

We all are facing difficult times and we all need to contribute the best way we can and we should. We should atleast try to give as much as we can, part of your daily meals and cut them 20-30 percent would make a hell lot of difference.

I'm contributing to everyone globally through my blog as a Free trading for one month with trade recommendations & all you need to do is to stay focus and watch every chart with caution and I'll update the chart everyday with quotes and why we should be able to take that trade & what should be our stop and targets.

Also Check :-Get free Litecoin worth $1 & start Trading immediately

Bullish Price Action on all the Gbp crosses on Major Counterparts

I would like to Daw your attention towards the Gbp Crosses as I got tremendous opportunity on couple of trades in Gbp/usd & Gbp/jpy (Almost 400 + Pips)

Chart above is of Gbp/usd, which was the easiest of trade among all the gbp pairs. We have seen some good movement downwards followed by immediately RBR followed by strong momentum fail to Return which is the reason I always marked this potential zones & As a trader you must use strong S/R areas at extreme levels to take a trade or see how price Action unfolds near those areas.

PRice broke through to the upside and posted a new attempt to cross below previous support and then it was highlighted by break of support and retest and yesterday we see an attempt to the previous historical support amid slow price action & look what happen today on the pair.

Same story has happened with gbp/jpy but that trade was far from ever and price is attempting to rise to the level it left bulls apart. Same Rather easy trade for me when I fetched 300 Pips on that pair which was the easiest trade for me for the whole year & I always look around to mark strong zone and wait for Compression and slow movement to the extreme levels of these type of zones.

Much Awaited price Action as I am looking or price to hold around the today high 1.1970 area & possibly slow price action would start to develop amid eur and France Weakness which can be seen in gbp/chf pair or we can wait for Gbp/Usd to move to test broken support 1.2210. Let's wait and watch and wait for blog to be update if this is an opportunity, then perhaps the 1:30 Risk to Reward opportunity can be here any time in Gbp/chf Pair.

I've marked the charts turning points on couple of pairs and now as gbp/chf is building up nice momentum, I would expect price to drop to 1.1770 level or below to confirm the bullish price Action to confirm the trade setup as happened in gbp/jpy and gbp/usd.

Take a look at all the charts as I'll cover the discussion in couple of days time.

Stay Tuned

Forex trading supply and demand with in and out Compression

Forex Trading is just about showing patience to market movements. While you still need to push your mind beyond expectation and never ever target anything prior to actions. Strong movements followed by recoveries and then usually people got trapped with fundamentals and deteriorating market assumptions.

In between there are something happens on the chart & that is what I love about Forex trading with supply and demand. Reason being, never ever assume the next move. Movement should be supportive the price Action & hence should be controlled with Good Risk to Reward. Always take a trade which you can control and has a good logic behind certain movements and targets.

Price usually leave zones to get to another decision points and it won't stop until it gets to its target & following S&p chart is a good example of Institutional and banks movements which is called strong movements followed by recoveries.

First of all, you need to confirm that there is a swap base with current trend change and that area must have been tested and past or history should be aggressive and attempt to Engulf or broke should be strong and once that happen price should leave that zone again with some strong movements but never manage to engulf or test that area .

Once price leave that zone with HH & HL's, then we should target the attempt to that zone with authority & that chart should compressing into the zone with a steep falling trendline and order get picked once price leave such zones market with blue rectangles. I was enjoying the risk reward to 2970 zone and I fetch more than 40 times of my Risk & that is What I always love about playing a waiting game and that is never away with 10 to 20 pips stops and strong targets are really achievable once you know the 'Decision points in Trading'

Price often move from one Decision point to another decision point. Decision point could be engulf of zone or clean break of zone and test with three drives or stacked or in & out compression. I would cover this topic in detail once I get time or with more Live trade examples.

Stay safe and keep spreading love and help everyone around you with the best you can. We need to fight out against this pandemic together.

Forex Trading is all about approach & Risk Reward

HI Readers, I hope everyone is fine in whatever part of the world, you all live. I wish blessings and pray for your well being from almighty.

Trading has been halted everywhere and I was really concerned about world and my health due to ongoing virus outbreak which went to take so many lives & we never expected that to happen as we all keep doing things we should avoided. Anyway I hereby want to draw your attention towards the trading education and recent eur dollar trade that I took yesterday is a prime example of Support resistance Kink & tested with in & out compression.

We all know price move in patterns and it ever found locations before reversals and without cashflow price never move or reverse or even in choppy sessions, I always keep a note of what is happening on shorter time frame.

Chart of Eur dollar is a very good example & even a average supply and demand trader can fetch some good pips ( +65) to be exact that I took.

Price Action is never random and that is why I always warn price Action trader to keep looking for support and resistance fakey zones before moving to strong trendline resistance support trades. You just need good reward to risk. My Risk in that trade was only 12 pips & rewards is already 5 times of the risk & that is what we should always focus and if you do have a couple of losses then a single trade can help you make out and never force you trade for the whole week or even month .

I hope it helps you all & in case you need any further help, then please contact me with you email & preferred way of contacting. I would reply each and everyone the best way I can.

Cheers & stay well.

Update on 18th April 2020

Euro dollar Price Action on 1 Minute Chart

I always use the price action as Random on any time frame. Prime example is Euro Dollar trade that I took today on 1 minute chart, which fetch me 70 pips with 2 pips stops. I use ECN broker, So I don't have to worry about spread at all. 2 standard lots and I don't have to trade for next couple of months & that is the beauty of having patience and also opt for best of the setups that always offer you 10-20 times of Reward to risk and this time it was exactly 35 times of the Risk I plan to take.

Crude Oil is facing the headwinds amid Cornovirus as Global Demand at the all time low.

First of all, I would like to offer prayers for everyone fighting with outbreak of Cornovirus. Countries like Italy & USA facing worst hits in the days and weeks to come. I hope things get settled as we totally depends on nature to help us to get out of this crisis. Ofcourse, we have power and will to fight anything as we have done so far & I'm sure there would be help coming out of heavens to help us recover and stay healthy.

As I mentioned in my last post of Crude oil futures, where I wrote about the target of Crude oil around $26 a barrel, but as we get to the target too early than I first anticipated or expect, But now as things are getting pretty ugly globally, I don't expect there would be any demand of Crude Oil inventories for the next few months and we will see lowest crude oil price in the months to come.

Trump seems to fuel the Crude market with comments that He will try and set conflicts between OPEC & Russia, but soon comment from Russian camp came through where we witness that Russia is in no mood to favor any alliance with OPEC & favor Production Cut. Product Cut ? Seriously ! Manufacturing units are shutting due to cornovirus & World's Tourism is getting a hit as Borders getting closed.

Pound is approaching crucial support zone . Buy Stops will be triggered around 1.2705 to target 1.3233 zone

Price has been very subdued followed by strong rallies in great pound and it is the only pair which has not pick up any momentum, no matter what the situation might. Rate cut hopes are in the air after Fed cut its deposit rate by 0.50 bps & Now people are expecting BOE to act . Carney will speak on future action tomorrow but I don't care as I watch only my charts and trading levels to be traded.

I would surely recommend trading at 1.2710-15 zone with stops just below the last rejection candle out of the zone as bullish dozi which is around 1.2669 level. If you really like to know the reward of the trade, then it would target the upper part of zone around 1.3250 zone and may be higher because according to elliott wave analysis final leg of wave c of 2 is on the way & it will target higher levels in coming months and years. So, all in all a very good risk to reward opportunity if you are position trader.

Misconception about Price Action . Where you should look for Price Action in Trading

IN this post, I would like to guide you through the price Action technique, which is hard to find anywhere. It is just the way I approach price action and flag & how I look for best risk reward and rate the overall success of taking a trading which is more than 90% . Take a look at the chart below. There is a strong level that has been seen collection of orders up and down. Price has already maintain a fakeout zone market with black line on the left side. Now as price is approaching the level again, we have seen a compression & now as we see more PA unfold ahead of the price approaching the fakeout zone we will witness more volitality and final rejection would been around 143.70 level.

Download my Supply and demand Strategy e-book on Crude Oil Futures download here

I have already show the example chart above why I look for most respect price action zone & approach is to the level. Price is about sequence of puzzles and a combination of Action & reaction and Now, Finally we will witness the final reaction to the level. Stops could be place 15-20 pips above the zone which is already capped with a fakeout.

Australian dollar trading Retails sales & Trade Balance Data

Australian banks is due to release Retail sales & Trade balance data on 6th February and recently there would be surely a setback on retail sales amid global slowdown and conditions in China (Australia's biggest trading partner)

IF there is a shortfall of trade balance, then there would be sales effecting it, specially automobile sector due to global slowdown . I would surely keep an eye on high price approach to 0.6800, strong resistance and psychological barrier.

Trade plan should be wait for the retest of 0.6800 & short it there & then look to set stops around 0.6825 and target 0.6730 as your first target and trail your entry for second target 0.6680.

How to trade Double Marbozu in Forex. Rush Through Crucial Supply and demand levels.

I have just exit my crude shorts around 53.50 levels & what a journey it was. Those who did not check my earlier post on how I manage to pick top of Crude oil, please Check the post here. Crude Oil Reversal

In this Article, I would point out few important patterns in Candlesticks against the trend, that giveaway to complete or short term reversals. Usually, they are trapped levels to trapped traders in opposite. directions and when they occurs or revisit, there are definitely rejection for short term or even on long term. You need to real the top down analysis i.e Chart from pattern occurence to the the lowest level which show some hints of price getting compressed or retesting with Fakeouts.

Why every Candlesticks pattern is used to trap market

This probably would be a hardest of statement to digest. Every Candlesticks patterns does not work, but yes, Reversal patterns are more likely to rely on but not immediately after they occur. But after the occurence & When and how much price reverses after the pattern occurs.

*Also Read :- How I manage to pick the exact top in WTI Crude oil

Strong follow throughs after pattern occured, are the one to mark & this is the first thing you need to note down, when planning any trade opportunity. Then you should mark the level with nearest support or resistance which give away to strongest rise or even decline. That is the reason why I don't bother testing charts every day in and out, but rely on pattern occur & they watch out the price action next following days.

Silver Future is a good hint of pattern occurence & reversal and retest failure

Crude Oil future. final buyer Exhaustion

Hi, Readers

First of all, I would like to give you advance wishes for New year & wish that new year fullfill all the dreams you ever wished.

Usually, I don't trade in low liquidation scenarios amid New year & Christmas holidays. But I always Like to take a look at Crude oil chart usually once a day. Today, I found classic example of Crude oil future which states the buyer's exhaustion & finally engulfed and start of a cycle of seller domination.

I would recommend shorting Crude Oil around 61.95 level with short just above the QM zone which is 62.07 & target is the low of session which is around 61.09 & then 60.63

Gbp/cad testing 1.7210 level

I'll discuss the chart bit later ! Hope you all have prosperous new year filled with Joy, Happiness & lots of profit ! Wishes for all of you !

Taking profit on my gbp/cad shorts

As I mentioned in my post above about the short entry on gbp/cad, around 1.7215 area, So an update was due & today I am taking profits on shorts. For those who did not had a look at the chart, I am updating the chart here again.

I took the profits on gbp/cad too early but that is part of the trading, when you see a level is providing you a 4 to 5 time Reward of the Initial Risk, then You can exit or can trail your entry. As a scalp, it is a good reward but in case you go to higher timeframes, then You can see type of demand in clusters below & that is the only reason why I took profit on gbp/cad trade.

Crude is about to confirm the top on higher time frame & will collapse soon

I've been a long time bearish on WTI crude oil & reason being the recent global slow down, with Gold & Silver prices are at near five year high, I would surely be looking for crude oil to test the crucial 64.56 area, before it collapse. If a top has already been in place, then I would be looking to short it with a break below daily level of $60/barrel. I think that will offer a good risk reward with stops just above 61.55 area and target should be $50.65 which is the recent swing low on weekly chart.

If somehow we manage to break above $64.56/barrel, then It will nullify the bearish run & test of $70.00 barrel would be on cards, but I would still maintain my outlook of bearish on Crude & Brent Oil. Recent Tension in Gulf over death of Solemiani & threats by Iran Military officials to U.S, would really put lot of pressure on Crude Oil & pressure in trading means new opportunities.

I would update my outlook on WTI after the market opens today .

Rising Tension between United States & Iran create panic between Investors and traders

I would like to update you about the recent situation in Iran & U.S after U.S drone Attack killed Military official in Iran. Immediately after the death of the army official, Iran has threatens or warned U.S of the consequences. Market has already shaking here and there for the fight for Safe-heaven & in any case if there is more damage been done, then Gold & Silver will probably the first ones to create demand in the market and I'll also recommend looking for opportunities in both Gold and silver as I'm already seeing much higher level in both the Risk-heaven assets.

Beside, gold & Silver , WTI & Brent crude has already made new 2 years high & I would surely look to look at the scenario specially in WTI crude as I've seen some strong manipulation and eyeing much lower level after tension eased out. It has already happened few months back when Saudi's Oil refineries were attacked & we soon witness a strong sell-off immediately followed the news.

Crude oil is eyeing strong supply zone around 64.57 area, and I would like to see a retest of 60.50 level & if that happens, provided the scenario we are in, I would look to short surely around 65.40 with stops around 65.80 & Target would be first 57.40 & much much lower level would be seen in the coming weeks and even months. I

We already witness a strong fakeout after Saudis attack & that fakeout has happened because there are strong orders after supply capped the upside & Now, if there is panic in the market, then stop hunting would be seen. Practically, we can see market rarely cares for such things as whatever happens, price is going to rally, we just need to stay aside and watch levels to play and when it is our turn, which I think would be soon on cards, then we should step in with protective stops and good reward .

Crude oil Future crash After Trump speech

I update the trade before it had happened. Check the post above where I mentioned shorting crude around 65.40 level & high was around 65.56 area, & now it has reached the first target 60.12 & now I would watch a break below 57.80 to add one more lot.

How to analyze stop Hunting zone when a strong zone is already Engulfed

Hi Readers,

In this post I would like to draw you attention towards Engulfing price action and stop hunting after an area is engulf.

Price Action usually depend on few puzzles. First of them is Flag limit of a zone & second is price Action zone & whole the Price action evolves between these two zones. When an area is engulf, then we should set our focus to another important flag of the zone which is FL or even stop hunting zone. Usually, these areas are MPL zones or you can say Maximum Pain level when we have an area which is already given away (Strong support or resistance) & then price move backs to the zone and after Faking out the zone, there is usually significant Drop or Rise is seen.

Our focus should be on the reaction of the price, when Price again visit that area. Price usually visit that area with strong collection of orders. It could be these of areas & location few times. Price can compress to that zone or even price can create Stop hunting zone. Best way to spot those zones is usually stop hunting.

Stop Hunting process usually depends on way wyckoff explain the sign of strength or weakness

Wycoff usually spot end of trend with strong buying or even selling Climax and then accumulation & then another trend starts which can be either testing the distribution zone above or even with markup zone, when we have new trend in sight. But our focus is on testing the distribution zone again. I'll create a video explaining the chart with engulf and then test of area with conviction.

State bank of India stock NSE entering price Action zones around 337

You people must have been surprise by the blog title. As I never recommend trading stocks or derivatives. But due to numerous mails & comments, I'm hereby uploading the chart of Indian Stock State Bank of India.

Price is stalling ahead of 337 resistance area which is also a part of rejection of price action zone. If price manage to hold 326 area, then I would recommend shorting around 337.51 with stops around 339.50 & First target would be 317 & Second target would be 308 zone market with red rectangle.

Price Action Reacting the previous Manipulation zone which should act as bulk buying orders

As I have clearly stated in my previous articles that when you trade a swapping flag, then there should be a flag just below the engulf zone which should play the manipulation game & that chart is a perfect example.

More on that will be updated soon. Stay tuned.

Pound Trade levels before Great Bretain Election Results l Definitely Risk-on

Despite of continuous reports on failure of deal in England but still I expect this upcoming election results will give us finally what market wants as deadline of 31-12-2019 is approaching very fast. Now or never sort of approach should weigh on investors and never seen volatility would be seen. You won't get any chance of taking a trade in pound dollar, so If you've planned to enter earlier to release, then I would suggest you to get out of situation and wait for 24 hours before you enter again.

For me, Price is strongly approaching 1.3760 area which is clear indication of some correction. We earlier have buyer swings which were hold twice above this level and finally we break out lower. Now as price is approaching strongly to the level I would expect market would show some caution ahead of 1.3190-3230 barrier and we can see a small correction to 1.3000 & then before we approach 12th December we can see a small range or spikes followed by correction whenever there are rumours or any news relating to the results.

All the Gbp Pairs would have larger spread ahead of Brexit

Most exotic currencies in Major pairs are gbp/Aud & Gbp/nzd & I have never recommended trading these pairs with small trading accounts or unless we have a small risk trade. These two pairs already have a spread of 4 and 5 points but due to Bretain Voting results we can surely see expansion of spread to atleast 10-12 points or even more. So, trading in these two pairs is definitely not recommended.

Pound Chart & Trading levels ahead of Voting Result

Chart below truly stating that we have couple of Accumulation and distribution areas & finally we are getting out of one and approaching next level which is already a upthrust level on weekely just above 1.3650 & When Price is going through these hurdles, already showing sign of real weakness but as we have strong bullish flag breakout, I expect those orders above that flag are waiting to be clicked & test of that level would add more weight when we visit that 1.3650-90 area again.

Euro gbp facing Price Action zone around 0.8515 before Brexit vote results

I would follow up with the chart. Euro gbp has trying to stop hunt stops ahead of vote results. Stops should be place around 0.8530 entry should be around 0.8515& Target 0.8430-05 area.

I would advice you all to manage your risk and tighten your stops as possible as you can. Risky events can pave away the way for new downtrend but I would recommending closing with first target with two entries and trail the second one at breakeven when First Target is met.

Result of trade Eur/gbp after exit polls

The chart below illustrates that we miss the trade by mere 9 pips and move was so devastating that it breach through the support and hit all targets and through 0.8300.

Thing to look out at this time is approach. Approach to broken support at m30 was the real factor that we need to dig into. I'll prepare a video soon & will publish my idea why it went down from that SBR (Support becomes Resistance ) & about market manipulation.

By Market manipulation, I mean to say that was the market aware of the exit polls ?

Do the know the results & set orders prior to release and what approach we should follow before these type of big events. All these doubts comes to mind when I was novice & decided to buy the broken support and retest areas to get trapped and leave the trade open before the big events & blow my Accounts

Seriously, that has happened to me hundred of times. Whether it was Greece default, Britain referendum, Scotland referendum etc. I loose my account so many times, but this time I missed the Jackpot trade & believe me I'm not talking about small lots. But anyway, this has been story & I hope those who stay at blog and spend time on the blog understands the value of such events. I'm still quite confident that we will soon get into strong Euro dollar swings which is targeting atleast 1.1800 will leave a trade on table next week.

Stay tuned & subscribed

How to trade flag limits & Swapping flag engulfs in Forex Trading

Hi,

I've pulled of some education portion to tell you what is flag and flag limits & how to trade those flags with low risk high reward opportunities. Flag Engulf flag in Usd/cad and we see a swapping buy orders which are being tested and it is followed by demand level & that area is good enough for buying with target above PRZ

Canadian dollar buying opportunity targeting 1.3286 area

I would preferred to stay long amid demand levels & then I will see reaction when it approached next decision area which is 1.3286 area.

Wait for follow up chart in next few sessions

UPdated 21st NOvember 2019

Profit taking on usd/cad buy

It was a no risk entry as I mentioned in the chart above. from 1.3196 to 1.3306

Chart follow up as I promised there would be a follow up of the entry. Price rising from a breakout zone. As I stated last time, that price is usually go from one decision point to another. We saw strong movement follow by pause in rally even though immediate short execution at rise of pole flag, is very risky but it was the decision to fall or you can source of the downmove.

Readers who have spent time on blog understand the fact that what I'm pointing out the recent bull rally & decision point to another decision point. There is a big difference in trading ranging breakouts and trading strong breakouts follow by retests of the zone. Zones that retrace & continue are usually flags engulfed by flags know as swapping zone & price usually test them with low liquidity. That is all that has happened with the 1.3189 which was Fl of the flag that breakout from a flag continously made higher highs higher lows.

We are approaching year end & there are still quite a few setups that I've in mind and spot on charts and one of the Eur/usd. Eur/usd every rise got hit by bears & this time around it has been the same again. I would like to see a breakout of 1.0979 level to see if there is enough pressure on bears to make a new yearly low below the recent one. I do expect to see a strong bear really ahead of FOMC meet in december & then we will see a possible low of 1.0810 area . So, the entry would be very low risk one or may be around 1.0965 with stops just above 1.0995 & target would be straight 1.0850-30 area.

But I would update you guys before there is any hurdle and bears start putting pressure on Euro pairs & that would remain the price action for next two to 4 weeks. I don't see euro go past beyond 1.1120 area & 1.1090 & 1.1115 are very large hurdles for euro to cross.

Role of support & Resistance in overall Context of Price Action

Price Action really need some help from liquidation provided by Retail traders. One thing we must know that without retail traders there are no trading activity or orders that can push price Up or Down.

That is how banks and institutions manipulate or trade forex is to take the help of every support and resistance that they can. Banks use those support and resistance areas to put orders above or below the IF there is enough orders that are waiting to be taken out and finally push that is required to test the previous flag or demand or supply area.

If you look at the chart above, then there are few things that you must notice which is type of orders after a strong push to the upside. Price reacted to the zone with a failed breakout & then price action follow through and found support at the previous demand level & that area was providing consistent liquidation or orders to the providers.

One thing that we must understand that Price Action unfold & sentiment changes after every hour. We cannot set buy sell orders based on support and resistance as sentiment changes after the breakout to the upside.

Decisions points is the crucial thing you need to understand before buying and selling

Trading has nothing to do with just buying and selling . No one can understand the type of orders untill you dig deep and find reason why there should be a need of buying or sell an asset. Assets requires supply and demand to initiate orders. Orders need to be in bulk and target should not have hit. There should be clear set of orders below and above to hit the target. One must need to understand the what is the proper stop and entry to take a touch trade or even setting stops below or above the price Action zone.

Classic example of set of orders in Trading of Pound Dollar

Chart above explains the reason how sentiment does changes after the upside push through but it was not good enough for the banks to look for liquidity to push the price down & they start manipulating by strong push from the downside & rejection and then price finally fakeout market with red arrow & then took the help of support again but it was all done with the pending orders as there were orders when price makes a breakout from the triangle breakout from the downside.

Dominate Flag patterns & low volatility breakouts

Chart below represents the bitcoin which is about to test the low level of a flag. When We look that chart closely then you would found out the left shoulder past the levels which is historic pattern and price has already ignored that level. While watching or buying at low levels of a flag breakout specially when we have left shoulder in support of the recent price Action, there there is surely a recommended level specially when we have FTR above the recent PAZ.

Top of flag breakouts are best one to Trade in high volatility pairs

As we all know that BTC is very high volatile pair & I would recommend buy at top of the flag area market with blue line & watch out for engulf on top of the pattern as flag. I would love to post an update with live example to let you all know how flags engulf flags & these type of breakouts are best to reach its targets specially when retests does not reach its target. So, Wait and watch out for update & don't buy this low as selling pressure is still persists on Bitcoin.

How to mark supply and demand levels on Chart. Rejections and retests

HI Readers,

I took a trade on Crude oil based on price action and that is why I've decided to put this on blog. While you decide to give yourself an edge and take another step forward, then this post is entirely dedicated to you.

Points to need to know while marking supply and demand levels on Chart

We can see rejections and try to read as many charts as we can. First of them comes to mind is candelsticks. Candlestick alone is not tradeable. You need to learn to trade approach to the levels whenever they got rejected. Alone reliability on chart is not good enough. You need to learn to read the chart and reason for rejection.

Trade History and MPL (Maximum Pain level ) is very good way of reading a chart. Price rejecting and carrying the momentum to test previous supply and demand level is good indicator of price action when those levels are approached.

Multiple test of the level is another good way to identify opportunity. Multiple tests include 3 tests of the support and resistance levels is good enough . Three dives is my favorite pattern when you trade Compression but when you are trading history level & QML level, then this candlestick approach is very good way to identifying an opportunity.

On the chart above you can saw a small candlestick above the level (HIstory level), which is good indicator is that price try to stay above that level but failed to do so. then we see three tests of the level followed by FO (fakeout)

After an FO is posted on the Chart, next thing you must keep in mind that If we see a bearish Engulfing. Bearish engulfing are good sign of orders on the places when it left the area. One thing you must keep in mind. Price action must be strong enough and orders are left on the level because if we see a small dozi then we probably might see accumulation of order before price left that supply area.

Price left the area strongly and followed by failed attempts which probably is very good sign of pending orders. Price engulf the demand below from where we saw a failed test & Final is the approach which was quite low momentum but when it reached the level, It did not take any time but to go strongly towards the next demand which was around 53.80 area.

Stay tuned for more charts. Don't forget to subscribe the blog & leave comments in case you have any doubts.

Characteristics of Flag Order

Forex trading is all about reading order flow. If you are unable to read order flows then it is very difficult to spot who is dominating the market. Even in opposite reactions, it is important that we saw participation of buyers & Sellers or vice a versa. Following chart will probably clear the doubts you have mind. In order to clear your doubts, I've also posted Live trade that I took on August 21,2019 of Brent Oil.

Comments are welcomed

Bitcoin ready to rally with a test of 7.2k Area.

I posted in my last bitcoin predictions that I'm looking for rally to atleast 7.3k area. Check the last post here here

Price has done exactly that with a retest of the level & now with a clear break above 8.7k. Price has manage to test the 3 months high & Now I'm expecting price will keep going ahead to test yearly high.

China ready to adopt Bitcoin as Future & making efforts to list bitcoin on Exchange

The proposal includes a range of issues from how compatible the industry standards should be with other international cryptography systems to whether companies should voluntarily verify their commercial use-cases with authorities.

Bitcoin Rally to continue with stops around 9.1k

Chart Below has shown the demand area holding since that level of 9.2k was breached but it seems to be faking the support and after that we have seen a test of the area as a falling wedge and now price has breakout of the that range and I'm now ready to buy btc with stops around 9.1k area.

I've seen this opportunity and decide you keep you updated . Bitcoin made a high of as high as 10.2k & since that high is made price has been on the sideways & untill it found support around 9.2k area & I'm now looking for a strong test of 10.2k again.

Supply and demand Price Action Zones is the best Forex trading Strategy- Forex strategies that works

Hi, Readers

Market has been very volatile amid Brexit Vote on this weekend Which I think would be negative for Pound pairs. Pair has been rising strongly after expected deal finally getting close to implement.

Purpose of this blogpost is not about Brexit or any Fundamental that is about to shake the market. I'm here presenting you the best price action strategy which works on simple principles and logic. If you simply sit on sidelines and watching Price Action for a week or two, then this low risk high rewarding price Action setup would never be away from sight.

Price Action zones to work in trading strategy

Only solution to your loosing streak is work on logic. Do include support and resistance, trendline & retest and breakouts in your trading strategy. This will help you build a powerful system which will never make you look stupid when you loose a trade. Combination of these price action techniques does nor requires you to plot them all and trade base on signal of trendline break or any support or resistance break.

Take a look at the price action chart below & that is how market structure works.

Have you ever wonder about logic in your price action like what I've mentioned in the chart above

Do you think that a trade is never far away when you follow simple basic rules and not get driven by emotions that happens daily on market. Risk on or off. Price go here and there to finally trend or reverse.

More on that in coming weeks and months. Do stay subscribed & watch Price Action techniques that will totally change the way you trade.

Supply Zones for pound ahead of Brexit

I just go through the pound dollar chart as part of my weekend routine and find out the reason why we should remain short on pound dollar with high reward and small risk. Shorting around 1.3081 is very good area. Even If price fall from the weekend close, there is still a possibility that price would find support around 1.2780 area & then retest the 1.3060-80 zone & shorting there with stops around 1.3115 & target 1.2500 & 1.2210.

Price Action Strategy is best Forex Trading Strategy

As I have mentioned earlier in all my blog posts that I avoid using any indicator in my charts and rely heavily on monthly, weekly & daily price action supply and demand zones & that chart of gbp/usd explain the reason of why I should stick on the plan of using zones & be successful in my Forex Trading Career.

Comex Gold is approaching crucial level

Gold Trading is most profitable when it comes to trading Commodities & I always prefers Trading Gold instead of currencies as we cannot keep gold away from moving whether Risk off or on. Gold Future is on the sidelines for quite a while moving between 1496 & 1481 level & I'm expecting another hold of the level by bears and will target the retest of 1481 level and breach there would be the target 1469 . I would keep you updated on the trade. Chart has already been posted as I have taken a scalp trading opportunity in Gold future .