Technical update Of Intraday opportunities

Advetising mechanism is the real way of sighting opportunities

Price has different variables for "swing trading" and "scalping" as they do differ from each other

scalpers get good profit on "liquidation" at resistance, While swing traders look for other variables like what background is telling.

When overall trend is up and we saw a false "breakout" of Intermediate bracket, and then we saw immediate rise and background is very good or we have possible accumulation before the price breakout and after some ranges look for possible equilibrium point where demand and supply are almost equal. "Advertising mechanism" signals there is not enough sellers and price has to rise immediately.

Where you should enter for Intra-day technical opportunity in Forex.

Take a look at the Eur/cad chart below which tells us why we should enter

While everything is explained in the chart but still it is higher time frame and we should be worrying to enter, where we should look at the possible "area of acceptance", and we should look for strong engulfing or bullish hammer after rejection or rejection.

Other things come in mind whether that momentum will be faded out or not ?

Then we should look for possible points why that engulfing will be faded out, and one strong point here is trend is not strong enough and we are in possible range and that engulfing is not a breakout candle, so if that faded out then it has to fade out immediately and you look at next candle where it starts and its wick,the wick of the candle cover 20% of that engulfing which means taking out small stops.

If that candle turns out to be strong engulfing again (which it did), Then 60% of the chance that this momentum will carry out through-out the day.

Strong trend An activity in between a rotation centre and breakout which faded out.

Strong breakouts which faded out doesn not means to go counter-trend immediately An Intraday activity always start with slow movement and it could be a part of accumulation as I have present here couple of chart which had strong background and it was quite obvious that stops has to given away before next rally.

First of all I would present you the chart of last week which shows strong momentum out of rotation centre accumulation, which was "faded Out" Immediately.

Trader p$ychology is tells the mindset to trade logic and breakout which faded out was there to go against the breakout but It is not the way we should approach every faded out move.

Let's take a look at the example, First!

Pound has done the same activity as shown in the above chart !

Here it could be another intraday opportunity waiting ? because price has continously moving upwards of its opening levels, and that is the crucial thing to now what background tells and whether value is moving with price or now

So, its worth to calculate you stops levels or look for momentum to enter and get out if it fades out quickly, but this type of momentum does had a carry till the end of the day or another day.

Intraday update of Eur/jpy

Classic Example of development area

This is a clear example of what smart traders are eyeing and their "existence" in the market and they are driving the price high and buying at low levels as I "explained" in my yesterday chart.

Take a look at this "Imbalnace" and this chart tells you that there was strong activity to move the price high and price spend most of the time near the highs Of An Intraday .

Strong rallies to the downside could be a part of "liquidation trap" and strong momentum force to cover short term traders and enter long and pick nice profits.

Take a look at the chart below and it explained the activity

This type of intraday activity is quite normal and we should only look for logics rather than mere observations, Because trading is all about logics and consciousness and where we can use small stops rather than looking for predetermined direction assumptions.

Technical analysis of Euro Dollar

Regular Update of the Intraday update of Euro!!

Overall picture of the Euro-dollar is quite confusing and Direction is still neutral. We have not yet seen strong rally to the downside, But every rally is being sold so technical analysis would tell us to sell the rally again. But trading Gap at the opening of last week can force the price to test the 1.3890 area.

Price has spend quite a lot of time in the rotation area around 1.3890 and 1.3790. A break above 1.3810 will still be a good hint for bulls but a break above 1.3825 will open the way towards 1.3890.

Take a look at the Simple Candlesticks chart of Euro dollar below

Technical analysis of the usd/jpy for Intraday Opportunity.

I have been forced to cover my usd/jpy longs as I have seen some failed breakouts at the top . "Analysis" should be based on Market Reaction. Any predetermined moves with stops at predetermined places can seriously forces you to give away all the profit you had earlier.

I post yesterday that I went long around 102.05 area and breakeven stops were placed at 102.27, But situation and scenario has been changed as there is no development area after two neutral days activity,Strategies should be based on recent price action behavior rather than past activities,and the supply in the market force us to cover and traders are being forced to think of their long positions.

After range breakout strong bar has ended up with a Faded out.

If the overall trend remain bullish then surely today we could get another development and If I found out I would update my chart immediately, You just need to remain conscious and check the blog later

If that is a reversal then price has to break the floor which will give us clue that Institutional efforts are here and they will keep selling all the rallies!!

Trading is easy but consciousness is very difficult !

Trading psychology and survival depends on skills and how you spot the trading activity of the strong holders out there. But when you have spend enough time looking for opportunities and when There does exist one and You timing is not right, and your consciousness is not upto the mark, then there is always chances that you feel discourage, but efforts always keep you upto the mark and keep you ahead of the market.

The recent Institutional activity has been spotted

What you need to do when you see a chart

Breakout

Whenever you first look at the chart first thing you do is to look at the overall trend , whether it is reversing, what price does after "Breakout", whether it is holding "higher Price".

And second thing you need to know is was there any "liquidation"? Price is making higher highs in the chart. after breakout and you see liquidation involved here as well and after that value shifts higher.

And Now new high is made and price reacting very slowly to the downside and it will probably rotate in the area for longer time.

Whether price holding prices at top after breakout

Immediate Reaction means Momentum Comes to again push the price high

Second thing to do to see how Price behave after breakout whether it falls immediately or holding the higher prices,and then what is the next move and if price liquidate immediately and rise again, then possible you will see immediate reaction, and by immediate reaction I mean rapid moves.

Now It could be culmination or start of a new trend, Chart will give you Hints and you should always need to book some profits, when you witness such activity to ride the best part of a trend.