Monday, July 20, 2015
Saturday, July 11, 2015
Tuesday, July 07, 2015
Forex Trading Strategies l Beginners Price Action Based On Supply and De...
I have recently built a video on my Aussie dollar trade that I took and all the important information is mentioned in the chart. Bit sluggish, but that's all I have at the moment and Will surely built professional videos in the time to come.
But nevertheless Idea is to keep you all updated on How I trade and What approach we should apply in sideways market structure. One should always keep and eye on always watch the decision points and How price behaves when it returns to those decision points and Its really worth it to take a trade with limit orders when price returns to those areas and Price has rallied or lean away from those areas and market is very hesitated visiting those areas in adverse market condition or fear of things to come.
Aussie Trade Setup
Thursday, June 11, 2015
NewZealand Dollar Rate Cut by 0.25 bps l What's next
Newzealand bank cut the deposit rate by 25bps
After leaving rates on hold for 6 straight meetings, Finally RBNZ cut deposit rate by 25bp to 3.25%. Dairy auction pricing has remained on the soft side and inflation expectations remain stuck below the 2% threshold, but the primary driver of the easing convictions is the announcement made with the latest RBNZ stability report. As expected the central bank sought to curb property inflation in the overheated Auckland area by boosting LVR requirements to 30% effective this October, thereby diminishing the primary deterrent to easier money.
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- Along with decision on policy, markets will monitor the latest projections for growth, inflation, and 90-day bill rate forecasts made by the RBNZ on a quarterly basis. Last time in March, FY15 GDP was cut to 3.2% from 3.5%, CPI cut to flat from 1.1%, and 90-day billl rate target reduced 30bps to 3.7%
After leaving rates on hold for 6 straight meetings, Finally RBNZ cut deposit rate by 25bp to 3.25%. Dairy auction pricing has remained on the soft side and inflation expectations remain stuck below the 2% threshold, but the primary driver of the easing convictions is the announcement made with the latest RBNZ stability report. As expected the central bank sought to curb property inflation in the overheated Auckland area by boosting LVR requirements to 30% effective this October, thereby diminishing the primary deterrent to easier money.
<br>
- Along with decision on policy, markets will monitor the latest projections for growth, inflation, and 90-day bill rate forecasts made by the RBNZ on a quarterly basis. Last time in March, FY15 GDP was cut to 3.2% from 3.5%, CPI cut to flat from 1.1%, and 90-day billl rate target reduced 30bps to 3.7%
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| Weekly Chart has lot to travel till it find the last imbalance point |
Wednesday, June 10, 2015
usd/chf update l Possible Scenarios
It is not a cause of concern for me as I always trade what I see and I have seen some strong rejection of levels in Usd/chf and I don't care what Euro do in coming days or weeks I expect Euro to be lower and I have not seen any movement in Euro bunds which means strong or smart players are sitting aside and hence dollar demand can dominate any time.
Here is the Usd/chf chart update that I see
I will try and update as I have seen price flagging after rejection of strong demand and If this rally has to continue then we need another rally of that line which has some history in the past and I see only supply around 0.9440 so there is good amount of pips you can bag and risk is only 10-15 pips or psychological levels 93 cents which is just few pips away.
Trade Alert
Usd/chf trade closed with 52 pips. Check the updated chart with Trade plotter.
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