Gbp/usd Update Looking for Much Higher Targets.

I will update the text later, Chart is updated with  Fakeout of previous demand Pockets and Price looking for another Decision point.

Yesterday I lost about 100 pips on Aud/nzd trade but there are no regrets but we should always respect every market move and market compensate today with that trade. I was busy analyzing the sterling chart, So I update late but still there is potential to make much more or even wait for next update. I would surely be looking to see reaction at demand levels right from the bottom if Price reverses or I expect a consolidation and accumulate this big move .

Price Action always a challenge but not for those who knows that price will certainly create few bugs before moving strongly and yesterday reason for downrally was never specified in any cause because supply was already consumed I really expect a move at demand or fakeout to give me least risky entry and It happened so quickly that I took couple of entries in a hurry with two pending orders at previous decision point which was ignored.


I will update the text when the session day trading sums up.

Why do trader Overanalyze too much rather than Look for Quality trades

Hi, trades My last post of Crude Oil does not pick up from the new demand but It will be updated again as We will now look for failure or Fakeout at the top of trend If an opportunity would be provided I would update the blog.

Over-analyzing & trades & there subsequent results will leave most people in a situation of no action, or what we like to call Analysis Paralysis. You’re going to make mistakes in trading as well as life as there would be much more stress if you look to compensate for your earlier losses as a result of anlayzing charts too often.

There is no doubt that professional traders has a lot of edge over novice because there learning capabilities from mistakes, and to never repeat them, as they are more commit to the process and they move ahead with confidence & with much more enthusiasm.

Loosing and winning are part and parcel of trading or any other game. But like other sports or game you can keep loosing & in the end you can still win the game. Traders forget to take into account all the other events a and plays that preceded that moment which also had an effect on the outcome of the game. Just like the aforementioned example, trading successfully is the sum of a lot of small things and decisions taken over a prolonged period of the time that can bring success & overall profitability over a long period of time.

Trading Opportunity Of Aud/Nzd With the potential stop and Target

Pair Aud/nzd
Entry 1.0950
Stop 1.0850
Target 1.1200

Trading should be based on Probabilities that works according to plan

As I said, In the above example that I never Overanalyze the charts too much,as crude setup was only valid if Price got rejected and we trade that fakeout after confirming the new high but it did not play according to plan.

Quality Traders Learn from such mistakes and never mess with charts of setup too much and we as a trader should not look around when things go wrong and still looking for trade setups out of failure trades.

I often look at charts at the end of the day and as the daily trading sums up, I found another setup but It has much more to go as setup is already got rejected from current supply level and still I think has much more to travel than it has done so far.

Week Ahead Update and Substantial Crude Rally

Hi traders,

Its quite a while since I last update my Blog, but there has no price action to follow except recent Crude and Riskier Assets rally and there could be medium or long term bottom be placed, and the biggest clue is recent rise in rally of Crude is the biggest weekly gain since the late 2009 in November.

Big Clue was the recent Canadian Dollar strength across the board and that has to happen when crude and Canadian dollar are strongly negative correlated Currencies and Riskier Assets Like Aussie Dollar and Its counterpart Cousin Kiwi dollar recent rally is quite a big clue as We have not witness such rally in the past six months or so.

Let's begin with Crude Daily Chart, as they said there is clearly strong double bottom that failed and then with a break below that bottom we witness strong rally and that is bigger clue that stop hunting below the low was the reason of the last decline.

WTI Crude Hourly Chart Update

Basic Idea of presenting or posting charts like this is to let trader's know that what is true price action which demand or expect reaction. Reaction only come If price structure is designed to let everybody aware of the fact what charts are telling us. Now, simple scenario will be the Price test the New Demand zone and get rejected with strong volumes which will surely mean that there are new cash inflow and they think that crude is very cheap and should be good price to buy as it got rejected from previous levels.

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Watch How I Trade Euro With Supply and Demand Rule

Significance of Consumed Demand And Supply Zones in Currency Trading

_______________________________________________________________________________________ Category : Supply and Demand Zones and How to use them

Tags : Supply and Demand Zones, Supply and Demand In Forex Trading, S/R flip zones, Decision Making on Demand Zones, How to trade Ignored Demand Zones.

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As it clear stated in the Article heading that What are real supply and Demand Zones and How to trade those areas which are either consumed or retest.

But Most of them are interlinked with each whether they are New Demand or supply areas, or whether they are already consumed zones.

Real time Example of Consumed and Ignored Zones in Eur/jpy

I will clear these ideas in the weekend with more articles and with clear and neat examples with explanation and help you in identifying those zones to trade them successfully to know how strong money take valid decisions based on Consumed and Ignored supply and Demand Zones.

Price action from Higer Time to lower Time and Eur/jpy Shorts

Reading price is not a science, But still we have to bring in techniques which is indeed needed to read price action. Price is fractal and there is no fact that is moving sharply down on one time frame and rising on other, It will keep moving in the direction with orders coming in If there is an Institutional Orders are still need to be triggered . But as activity can be spotted on lower time frames, higher time frames should always be supportive otherwise big players can really drive the price to next decision point.

Recent Price action spotted in Eur/jpy on Friday was the real game changer because as I spotted there was some strong synchronization from daily to h1 time frame and price was looking for a trigger to fall which happens just before the market was about to close prior to weekend. That sell-off continue when market open on Monday, and I have try to cover cover all the activity in the chart below as I have emphasis lot on decision making rather than look for trading opportunities in every strong movement.

Decision making has to be there From higher to lower time frame but If it spotted in lower time frame and we saw some strong selling or buying on higher then we just only need a trigger with small risk to spot an opportunity and trade the trending market or even caught reversals at right time. Approach should be there and consciousness is the only difference between making money or remain on sidelines when you should be trading.
Lets look at few examples of the shorts I took On Eur/jpy

We have some strong decision making process in h4 charts, the area I marked with grey box is the decision making process but how market approach it was crucial . At first attempt it already fakeout the first decision point and then test it low approach or can say compression and finally made a new Lower Low. The area of concern is the upside rally has two decision points in which One is consider to be a pause after first rally which was tested already and second was that next demand of that DP was ignored on its way down.

Now For me I would surely be watching the price for next couple of days, how price approach that ignored area of if price found something substantial at the lows and If it did then I would surely look at the pressure on buyers when they buy it low, because remember there is always buyers at lows, but we have to see the pressure how they buy or take the price to next decision point to sell it at the higher price which for me is the way institutional orders hit the market.

Tags:Price is Fractal, Price Action Techniques, Eur/jpy Updates, How to read price charts, Intraday trading techniques, Forex Intraday trading, Live Currency trading