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 .

Bitcoin Price Prediction and cryptocurrency news that will drive the price of Bitcoin

I would like to alert my Blog readers about the advancement in price of bitcoin. Bitcoin is always in news & U.S is planning to launch bitcoin futures in the coming months or even weeks. I've planned to add Bitcoin to my portfolio and would adviced every to keep investing bit of money in bitcoin for better returns in future.

I know it is very moving Cryptocurrency but it gives highest returns in the market & it is just a start & I would surely it will give 3 to 4 times return in next six months.

Bitcoin Price Prediction to the expected level of $20k in next six months

Based on weekly and daily price Action supply demand zones, I would like to see a bottom near 7340 area & from there we can see upward pressure.

I've post in my blog around $3300 level that price is about to rise to $12k next quarter & price made a high close to $13200 & From there the ongoing correction is very timid and soon will be reversed & I would recommend buying bitcoin around 7350 levels & then we can stay in the trade with stops around 7319 area.

Price Action patterns in Forex is the only thing you need to practice

Hi, Readers

I would like to draw you attention towards the reality that works in Trading. Watching the patterns below tell us the reason why I'm always in favor of trading naked charts and know how to approach my Trading in the years to come.

Well, trading is more of an art than science. You don't need to learn anything or even you learn several patterns you does need to bring in the logic as price action behavior is fractal and repitative patterns are never seen nor works in trading.

Then what Works in Forex Trading or what are the strategies that works in Forex Trading

Psychologically, you need to be ahead of the market. Sideways market trends usually consume orders both ways. Patterns start with engulf and retests. Random fakeouts, engulfs and S/R flips need to practiced before you spot them in real market.