Monday, March 27, 2017

Price Action is quite subdued in Loonie ---Look for short setup around 1.3470

Hi, Its quite a while since any recommendation, the reason  being busy schedule. Beside being a currency trader I have my own business of selling products to e-commerce sites.

Recent price actuon has not changed quite a lot in Euro and pound as market still searching for yearly low and high.

Point of concern here is usd/cad and I am still watching rejectuin around 1.338 quite thin one and every effort beyond this line has been rejected and today's price action was no different.

I would soon try to lost a chart as  my target still is 1.3200 and we would see how price unfolds from here.

If we see new low below 1.3270 and then we will plan to sell around 1.3380 and stop would be 13405 and target would be straight off around 1.3190

Stay tuned for the chart and levels

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)

Friday, December 02, 2016

Price Action approach to trade supply and demand l Forex Strategies to trade approach at supply

Forex strategies ways to find imbalance on a currency chart

Hi fellows readers, Its quite a while since I have updated blog with any chart or suggestions but the situations did not allow me as I really waited desperately for the Nov. 30 OPEC meeting to see If there is still holdings on crude can really move the market and create the panic and create risk and that is what has happened. But I really focus on charts to see the reaction and my last week entry to Aud/cad was the reason why I wait and concentrate a lot and there was no risk and reward is already 10-12 times as I mentioned areas on the chart very clearly.

Why I see reaction on historical chart when background is easy to read

As I mentioned above, you can watch as clearly on chart there was strong reaction while first supply hit the market and the reaction after breaking those areas was quite strong and you mentioned the first break and approach and price fell 400 pips and then we see reaction to few pips away from main supply and price fell to the bottom and from there we see reaction to supply which was consumed and another reaction to same consumed level to the demand which confirms that the true supply is somewhere else and that pin point react to the red line which I mentioned the was the real area of clean orders.

Price Action approach to true supply and to clean orders. Video can change the way you trade Forex

Wednesday, November 16, 2016

Understanding price action means collecting pieces of puzzles to fit them into the overall context l Forex trading without indicators

Forex strategies ways to find imbalance on a currency chart

While trading is not the difficult but even as not as easy as we first anticipate while we make decision to trade Forex, We build several forex strategies, search several resources online for knowledge and opt for different style of trading with taking help of several indicators. But none of them work at all and atlast we left with nothing but to start it all over again.

Chart should be clear as crystal and context should fix with every price action move

While I spend years looking for help and certain methods to help me build any system that can help me make some money and built a successful career in Forex and Future market but all those years.

Let's understand the whole chart step by step and see what are the rules we need to know to use supply and demand in Forex trading. First of all we saw a strong bearish pressure and a recovery which calls it bearish flag and this bearish flag has two strong supplies as mentioned in the above chart.

While price test the first supply and got rejected and found demand and when price test it the second attempt then because of the fact it was consumed so price had to find demand at the last big orders where price spiked off. After price went through this first supply it met with the second supply area and the rejection was obvious but we never expect them in real as price can ignore strong supply and demand areas anytime.

While price rejected of this supply it use to behave at the previous supply turn demand and price found new buyers there and now we see the approach to the real supply of the flag which was also a strong bearish pressure and top of the bearish flag and approach to this flag was quite compressed and all the orders get filled and we can short at this strong supply when we have such context fiting into the background and we don't need any indicator and trendlines to tell us what to do in such scenarios.

In the following video you will Learn and understand How to read a currency chart with no help of any indicators and how it all fit into context with no risk

Thursday, November 03, 2016

Forex trading strategies for beginners l Supply and demand rules to trade

Forex strategies ways to find imbalance on a currency chart

I will update the blog for the rest of the month to help you find imbalance and some rules you need to follow to trade supply and demand in currency trading. It is not that difficult to trade currency with supply and demand but still it has to be patience that you need to test everytime you find setups on a chart.

Price Action is quite subdued in Loonie ---Look for short setup around 1.3470

Hi, Its quite a while since any recommendation, the reason  being busy schedule. Beside being a currency trader I have my own business of s...