Friday, September 23, 2016

Long term updates of Euro-dollar. Approach to trading levels ---Forex trading strategies

Forex strategies ways to find imbalance on a currency chart

In this article, I have taken the example of euro-dollar chart to let everybody know that price respect strong rejections and strong levels while approaching those levels and taking these into mind can really improve you as a trader, and when you have similar things in mind then You are surely going to approach every trade like a pro.

Euro dollar sitting on strong level of 1.1150-1.1190

Last week we had a test of 1.1110 and that level was faked out with a rally above 1.1190 and since the time pair has breached that level we have seen strong rejections out of the level and reason been not too many traders or institutions interested in trading these levels and they trap traders with trendlines, fibos and patterns and recent downtrend line could set another example of rejection getting bought out strongly once again and we will see rally towards 1.1390 area once again and we can again see downside rally towards 1.1100 area, and we will see how price behaves on those levels to make them possible tradable opportunities.

Wednesday, September 21, 2016

Us dollar Futures and Federation policy---- A strangulation for traders

Forex strategies ways to find imbalance on a currency chart

It has been quite a while since federation has hike the rate in sequences but It has been while since last fed make any changes in policies and that is why US dollar futures has been in ongoing extended consolidation, and there would be no changes whatsoever till we start the next financial year and trader fed will have enough data to rule out any further hike or give traders what they want. But talks of december hike is again on the cards and it has been quite a long way to go and we can witness fall in US dollar till we got firm indication from FOMC that rate hike sequence is just about on its way.

Wait and watch policy for US dollar traders and don't expect anything

We can witness bit panic rallies today from on 21st of September 2016, but I won't expectation anything more than retail traders panic rallies and don't think any institution or banks would enter the market and make those rallies much smoother one.

I still waiting to federation to be more dovish today and area of 96.40-50 hold any upside rallies and then we can soon witness US dollar to find headwinds and rally towards 94.90 area and I would post a video and update If we don't see upside rallies which break through 97.10 area, but I have never witness such extended consolidation and may be us election could be the prompt reason that come to my mind and that is how I approach my trading activity and hence we still can see downside rallies towards the mentioned target and today retreat from higher levels could just be the start of downside in coming weeks or even months.

Also watch out for RBNZ rate decision couple of hours after FOMC

Saturday, September 17, 2016

Reason of failure in Forex --- Trade Possibilities not expectations

Forex strategies ways to find imbalance on a currency chart

There would be certain eyebrow raised when you read the title of this article. But there is lot of difference in expectation and trading possibilities and that is why lot of traders do tend to fail and most probably 90% of the traders fail and the reason being not on the right track but keep looking for assistance of indicators fibos trendlines but do you really thing there is any need of such tools to be used in trading or chart tells you different story altogether when you just look to see what is being presented to you.

Reason of me ignoring mechanicals systems like EMA's RSI and Fibos

I started trading in 2009 when I was presented with certain methods of predicting the price and different failure mechanical system brought me to the reality and wonders of Trading and I started feel about the system being controlled by few bunch of individuals providing liquidity and facilitate trading but there has to be few ways where they trap retail traders and I started working the real manipulation of trading and found the real way of trading and meet few individuals who thought the same way like I do.

Gold Index futures technical analysis and long term view

I have several plans to trade gold in the long run and I would still think that gold has fair way to go to the upside before it crashes down once again But I trade possibilities but not expectations as it is mention in the article heading as well. I have prepared a special chart video at the end of this article which will show How to approach trading and use technical for your own benefit but if you don't consider risk reward and money management techniques then You should take a closer look at this chart.

How I manage to apply money management rule in my recent trade setup of gold futures


When you see price spiking off the consumed demand or even climbing after engulfing the source the most probably it will fall of the new supply or even ignore demand and supply level historic levels or levels where price had history and that is what Gold has done and after engulfing the source of the upmove price has rejects off the capped supply and Now I would watch closely how price behave of 1302 and 1351 levels and inbetween there are no trading levels.