Thursday, December 22, 2016

Thin Price Action Amid Holidays--Volitality soon be pick up in Gbp/usd

Forex strategies ways to find imbalance on a currency chart

This videos of pound sterling truly signifies the two possibilities in which in one of them price is reacting before supply and the demand after the strong supply is still protected quite a number of times and it is two way price Action which describes this is first sign of accumulation retested after the price consume all the supply after "Brexit", and in second manner price is looking to react around 1.2310 the strong demand which is protected so many times as it hold the prices down and when it was broken it has been tested multiple times without an engulf but thin price action suggesting consumption of orders and If we see the breakout through it and After the holidays are over we can see price Approaching towards 1.2550.

So IF 1.2310 is broken My entry would be as follows

Sell Stops around 1.2535 Stops around 1.2560

Target first would be around 1.2300 and second would be 1.2150

That's more then 20 times reward to risk.

Good Luck Have a Nice Christmas Ahead.

Tuesday, December 13, 2016

Price Action Patterns, HIstorical levels and Trading Strategies-- A Lethal Combination

Forex strategies ways to find imbalance on a currency chart

The fact is... most traders have ample knowledge of the market but yet still can't make a consistent return. It is my belief that they're learning about the markets for the wrong reason. Instead of learning a new strategy to add another edge to their tool box, they're learning about technical analysis in order to avoid losses!

Tuesday, December 06, 2016

Decision making always help you succeed in Forex l Trade Advice usd/chf sell limit 1.0185

Hi traders, Italy refrendum really working as game changer for euro atleast for the current moments and hence we remain subdued for approaching price action to historical lows once again.

ofcourse I would like to see reaction that has always or will be on the top of everything, no matter what market makers and banks looking to do, my own decisions has help me achieve consistent success specially when it comes to trading historic levels.

We all are prone to feel excited when market take turns at historic levels and euro behavior is no different and If for strong reason of short covering, market turns and surprised speculators and investors to cover earlier positions or reverse or even hedge to protect earlier profits and that is what panic is all about.

Trader should always remain ready for such turns and if there is no level then there is no need to turn the paddle and try to enter in between a move and that is why I look to see if price action has manage to breach a level and how it reacts when a move is finished  or pause ans try to test the level once again and this is where decision-making help you gain confidence this also require much lesser stop and react with patience when such scenarios appear.

I will update the blog with video and chart for the following trade recommendation.

Trade update 7th december 2016

Usd/chf pending sell limit
Current Market price 1.0100
Trade type Pending sell Order.

entry 1.0182 (sell)
stop 1.0220
target first 0.9950
(I would like to keep my targets open as there are more important levels to target)