Short term Trade Idea & GUide to Scalping with good Risk Reward

It has been quite a while since I've updated the blog but the situation requires me to wait for war to finish and lot of things happening around like 'Brexit, China-U.S trade war, Euro zone bank decision etc. So, I decided to wait on sidelines after trading usd/chf last week. It was one hell of a trade which fetch very good risk reward and trade was spot on after there was news that turn the market on its heels, when Trump warn China that if there is a deal, then this is the time and again opposing 10% tariff on $300 billion of goods & market react shockingly specially USD bears & crude oil & all other commodities.

That seems to be a order of the day with such rumors coming out of every corner & market react and collapse in one trading session & recovers in other. So, we are now not relying on economies but on one economy and truth is one INdividual .

Lets talk about chart. My chart of the DAy is Aus/Usd

Price has left so many clues around. IT will collapse once again around 0.6870-90 area. I would post chart and video once again when ready and will explain it one by one that why I take decisions based on my values not based on how market react to news. Price will rise and fall and then again rise and rise but we need to look out for areas where we can stop and reverse the trade. I'm a prolific seller & hardly buy in the market except when I'm given an opportunity with low risk swaping zone to buy with a good trend otherwise 90% of the time I'm handling my trading with sell trades.

More on that on coming weeks and months as I'have decided to kick on and start updating the blog on regular basis and look to help everyone the best way I can.

Dollar & Usd/chf approaching Crucial selling Zone Ahead of FOMC meeting on Wednesday

We are waiting for much awaiting FOMC meet tomorrow & people are awaiting the policy changes and Rate Cut But I dont bother such annoucements as markets are already priced in for moves like such big event.

Guess! Who provide liquidity ?

Banks, Hedge fudns & institutions & they already know what lying ahead .

Usd/chf Chart tell us a different story

I would surely look around breach of area. We see there are couple of strong moves on the left & down . Both sides approach is quite panicful with so many things happening around & people are awaiting for price action & FOMC to give market direction to be more precise with easing & Rate cuts in the coming weeks & months . It just could be a start for overall bear market for both stocks & U.S dollar futures.

I'm not a bit too fundamental lover but rather I try to pinpoint such entries which gives you and an edge over different market conditions and that is why I always look for such charts which signals reversals or continuation with small risk. I would soon post my Fxbook link here to tell you the growth rate & formula which I use .

My max number of trade in a quarter is 4 & in a year is 12 & I target anywhere around six times of return on remaining capital.

Calculation of Risk management & Risk to reward

Let's start with a capital of $200 with risk 10 percent & profit six times of risk.

$20 for a target of $120 atleast (Assuming you are risk 10 pips per trade & targeting sixty pips per trade ! Do we need to risk more ! Ask yourself after scroll through the blog for few days )

Now you have $320 total capital

(If you manage to win first trade which I most often do )

Total you have $320 (With max three trades in a quarter ) Now risk 30% to get 180% Let say $100 to get $600

We loss the first one and win the second So total overall we have $320-$100 =$200 +$600=$800 (Now lets trade another one in third quarter with 30% Risk & six time reward)

Total Now we have $240*6=$1500 +$800 ( Captial) = $2300 Do we need to trade in forth quarter ( If yest then Only Risk 20 %) which comes around exactly at $450 & target $2700

If we manage to won that one also then our ending captial would be around $5000 Start with $200 & earn $5000 in one year is amazing performance . Return of over 20 times.

Next year start with $1000 & repeat the process & I can promise you get 30 times return & then so on.....Learn the trick & see where you can reduce the risk & where you have edge on the market. & keep commenting & subscribing for complete free guidance.

Update on 6th August 2019

As I update above, about usd/chf selling, look how price has reacted to the zone of 0.9970 area & fallen more than 300 points in three days. I would keep the blog updated and mean time you keep scrolling & commenting on what you expect of future price action on any pair

In the meantime here is again the chart update of usd/chf

Usd Franc Upate Possibly eyeing 0.9931 source of the origin for the next leg down

Check The Usd/chf chart here

Technical analysis with an edge Trade Idea gbpjpy

I would like to explain this with better explanation with more charts through the weekend to help you understand better the trade idea and stops with potential targets.

Next One

I would like to explain the reason behind the second chart failure to engulf was seen below the source of first engulf and finally when it was engulf it hold on to price and location S/R flip twice & that was good reason to set sell limit around the area of first locationo of S/R flip.

Tricks were played out twice & I would explain the reason behind trapping traders and how to locate these areas with limit orders. Stay tuned for more charts of this type & learn the art not trading.

Why I called forex Liquidators the world's best Trickers

You hear it right !

I use to call Forex liquidate providers the world's best tricker & reason being they always suck orders from market & then give it a go when there are no need to rush & price turns exactly opposite direction when turn comes to safe entries.

Let's speak in Charting language

Will come back to that once orders get picked.

Order did not manage to get excecuted but still I've pending orders at the level which will remain Activate till Monday U.S Session close.

Techncials update of Aud/usd

Take a look at the chart first. Price is reacting to the zone and I would expect that zone will hold as .7089 area is the strongest of support turned resistance and ultimate target will be 120 pips & stops around 30 pips higher.

Trade Well & Best of luck USD bulls.

OPEC mettings , Trade War & Crude Oil futures

U.S president Donald Trump & his counterparts from G20 meet today in Japan for having discussions about world growth & other factors influencing the global slowdown. China Trade talks is most focus issue in the talk & if in case Donald Trump does not initiate any improvement talks in future, we will surely see some hurdles in the stock & future market.

Gold futures has already shown the no result of talk in today meeting & hedge funds already showing their safe heaven to put in their money where it belongs to.

I would surely be looking for Curde oil future reactions if there is not enough steps taken towards Iran in the meetings.

Most Aggressive entry would be around 58.70 with stops around 60.40 & First target should be 56.70 & breach their would open the doors for further decline to 53.80 & I would prefer to take my profit around that level.

Definition of Price Action zones in Forex

I would like to be more ellobrate on if I could but keeping things simple and easy is the way to trade Forex or any stock or future market. Trade location, Risk & managing the risk , trailing entry & targets should be define advance to taking a trade. I have done everything to provide every type of help readers need & things won't be much easier than defining the price action zones.

Looking at the clean price action chart is really an art . Specifically when you are looking to reduce the risk and try to locate a trade & for me left shoulders are the best way to keep and eye always specially when it has history.

Traders might ask what to look for an history . History could be lean away zone on weekly chart or area where price has gone too far up or down is the best way to locate a zone on weekly & all my entries are derived from weekly chart or daily chart but no lesser than that. For entry I always look to h4 chart which for me is the best way to maximize your profit .

Chart below is of Chf/jpy which is daily chart & on the left you can see the the price created a zone & then retrace back to the left shoulder and create a price action zone when return to test the high & finally breaching that high. Trade location was just below the test when market turn to test the demand on the left. These are the location I like most because the target was more than 70 pips & stops below was not more than 12 pips.