Short term profit or Long term curve

Hi all I was busy during the past few weeks due to overload of work and trading as the volatility is at 2 years high and all the ranges on weekly and Monthly time frames finally picked up momentum and all the expected crosses turn around at last specially Eur/chf which was expected to rise But due to unexpected decisions taken by Bank and certainly safe heaven demand surges and that is what we always be ready to expect the unexpected in trading.

Article is about choosing long term trading approach or looking for short term profits and keep withdrawing from time to time and never let your account to grow but for me Trading Forex or any stocks market is all about manipulation and higher the approach the maximum the profit would be . Short term profits is a solution for those who can wait patiently day in and day out and look for short term volatility spike or any release that high the market and move the price up and down and traders take their profit from time time.

For me trading is always like any other business which needs your time and when you are consistently bringing profits then every time your equity grows with a fixed sum your profit may rise with that as well and that is how we can work less and earn more than expected. Because day trading can be very frustrated with shorter time frames and momentum changes several time a day so it is very difficult to maintain the consistency. But as you approach changes with time and you look to trade long term and changes your time frames to higher frames and that will automatically gives you benefit as there are not too much noise on higher time frames and even no need of looking price throughout the day and you can just watch the chart at the end of day or week and that will give you less pressure and hence chance of picking cherry trades would be much more than those tired minds which look for setups throughout the day.

So, It is important that mindset should be clear whether you choose long term or short term but maintaining a consistency is much more important as there could be short term trading which means 4 to 5 entries in a week and still growing you equity and targeting long term profits

Update of the Weekly and Daily chart of Aud/jpy would be posted on this page soon. So Keep checking it from time to time.

Trading for a living

Hi Traders,

Its quite a while since I have updated the blog on such matters like when we should feel confident that we are able to rely on trading to met our daily needs. So, the answers is simple when you are aware of your risk and gain factor appropriately, and also remain consistent for a definite period of time.

We feel that trading is always a psychological game

We feel that trading is always a psychological game and when we won that battle with our mind and body then we should win whatever preposition or situation we face with the outer world. Trading is the most difficult way of earning money but not the impossible one because we all make profits throughout our trading career and face losses as well but those who are aware of the risk get out of loosing positions earlier than we set a predetermined stops.

I have always try to give my best on this blog to let everybody know that trading can be easy way to earn money in the world even though it is difficult but because the concept is different from other businesses, but still much less burden is here because we should not worry about short term factors when we trade which is always on the mind with shortfall of demand and supply rules .

Forex Trading Strategies l Beginners Price Action Based On Supply and De...

Hi Traders

SNB finally gives away the idea to protect the floor of Eur/chf and the most important step they took by cutting libor rate and that certainly will effect the currency market globally because Swiss Franc is the safe heaven for  over 5-6 years since the 2008 default.

Now the point here is what we should expect further and I have an idea of most exotic moves to follow in franc crosses and Franc surely will be the most sold currency across the globe after Japanese yen in the months and years to come because no body would like to keep the money in swiss banks . Its just the idea how I approach my trading but the most important factor is technical analysis.

Chart of all the Chf pairs will be posted with the most probable scenarios and I would be waiting for the weekly candles to wind up and see how market behaves as I have already seen demand in usd/chf and gbp/chf prior to swiss bank intervention 2 years ago.

Stay well and keep watching the blog for more updates as I would involve more in currency market since last a year or two because currency market start become more and more volatile and If you remain discipline and patient in the past few years then 2015 would surely be the year to watch for.

Video before  swiss Franc Appreciation

Gbp/chf Updates

Hi,

I will update the blog later while we have wind up all positions of usd/chf longs and eur/cad shorts and looking for the the bias to reverse  in gbp/chf chart.

Update of the chart

Best Trades Setups of the Ending Quarter 2014 and Warm Wishes

HI, Traders

First of all I would like to wish everybody "Happy New Year" . May this coming year become more profitable and give you success you ever dreamed off and fulfill all your dreams.

Coming back to education portion and I would like to remind you that earlier positions of eur/cad shorts and usd/chf longs are very profitable and I would like to close both the positions and would like to continue from the coming opening of another week.

I would also put some more efforts in explaining the best setups on the basis of Supply and demand of the ending quarter of 2014 with some exclusive examples.

I will keep this blog more interesting with some new and unique updates on the basis of some mechanical systems but filter them with usual supply and demand basics and try to keep my blog readers ahead of market whatever market they trade.

Trade well and trade safe in the Year 2015.

All my best greeting for you and Your Families.