Saturday, July 19, 2014

Primary Breakout with Minor development Area

Minor Development Area And Hotspot areas

As, I have mentioned in my posts that we should be looking to trade primary breakouts and See If that Breakout will succeed or will fade out the price action. When we line trade for Intraday technicals then this type of forex strategies you should be rely upon that have real logic. we should depend on clues when we see such behavior Like the "Passive Behavior of Sellers After Breakout", "Minor Development Area", "Rotation Center Violation" and neutral days after breakout as these are good clues that whether strong buyers are behind the breakout of it just a retail trader activity.

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One thing I always relies on when price behave after testing the Minor development area and It has built some reference point on neutral days, But activity should happened within the next day or two otherwise we could soon see market Liquidate. Chart above is the example of Eur/nzd pair when market has made a primary breakout and we should rely on such trade locations after such activity has happened.

Now If that breakout is not made by strong holders then it will liquidate or Reverse pretty soon But I have strong clues that market will unlikely revisit that Minor development area Or If it did then it will find more buyers and They mark the price again up and trend will resume.

So,the idea post such charts that When we develop as a trader and Start learning everything that drive the market then we should always look to have such Intraday or Swing trading strategies that have logic and reasons to enter or exit should be strong rather than Looking for Indicators to give you clues above "Overbought" or "Oversold" conditions or "Divergence" Which Hardly helps to grow you confidence and profits

Wednesday, July 16, 2014

Canadia dollar Trade locations with possible Outcomes Outllook strogly bullish

I posted on Friday that 'Reversal' in trend of Canadian dollar is on the cards and According to my Forex Intraday Trading strategies I would like to remain bullish on the pair. After I posted, Price break the point of equilibrium straight away and Now I am posting two charts with two possible outcomes. With BOC not a lot concerned about the 'BOC Policy Decision', and they are ready to enjoy its weakness for Growth and Recovery.

Take a look at the Chart of Canadian Dollar Hourly Chart

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Tuesday, July 15, 2014

Forex trading Price action based on supply and demand Levels

How to trade basics of price action

As Long as charts are not Uploading on my blogs, I have used My youtube channel to let you explain the reason of entry and exit and that video was posted on my Youtube channel yesterday and It has behave the same way which I have anticipated.

Gold Updates As we have some strong accumulation

Gold Comex Updates

I would like to update the Gold chart as I have seen some "Strong accumulation" before the next move. In Forex trading "Momentum can reverse the trend but Only In Forex we have some strong supply and demand Scenarios which makes this place full of opportunities. My "Intraday Forex trading strategies" always tell me what I am doing and Why I am making such Observations. If you have strong downside rallies ahead of strong "Protection Area", then need to have first clue of price holding downside pressure.

In this case we have some strong protection area after the breakout(upside) around 1298.00 and After price manage to hold the higher price so strongly for few days It build up some strong "Reference Points" Marked by blue rectangle and the upside rally sustained after the test of "Accumulation Zone", the price has again start reacting at lows and also holding further downside rallies.

I would rather recommend and test of lows of failed with strong momentum coming in again and we have only one supply zone which is around "1321" and then "1336". Risk is not that much when we see any momentum coming but reward is very good and that what should be the case while we trade any currency or metal to offer you strong reward and low risk

Take a look at the updated gold Chart

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In this chart shaded blue rectangles are the trade locations which strongly hints about the test of atleast supply zone on Intra-day basis and Price is still in range after the strong downside rally yesterday and I would recommend you to see whether we see strong breakout and test of the range and continuation of "Uptrend".