Updates on the trades during the week

I want to remind that I have posted two updates in the week and both went exactly what I thought and eur/jpy went from 136.20 to 140.70 (at the time of update, And usd/chf recent trade from 0.9460 is still going strong and I expect after minor correction price will clear the new yearly high which is the only obstacle in its way and I have moved my stops from 0.9500 to 0.9575.

Idea was to go long at the breakout and Intermediate false breakout while prior trend was still strongly bullish(see chart above for better understanding i.e Usd/chf), And momentum was strong and the only resistance price was facing the yearly high and It has once again hold for minor correction and As of Month end, we can expect that the momentum to loose some space and Once things settle and big week ahead in which the focus turn once again on ECB meeting, NFP Payrolls and few other high Impact release, So expect big swing to carry on the momentum through.

If you Like My posts, Then watch my other Recommendations

Usd/chf update

As I mentioned in my earlier post, that Breaks often tells us which way price will go and If you have such activity and then it became easy to define why price has been moving so strongly in one direction.

If you closely watch the chart then you find that after strong downside activity, price accumulate for days, and then we had some strong breaks both Initiative and Liquidation , Then we saw before the FOMC Rate statement,We saw an Responsive break on previous day and that type of breaks often trap traders, when they look to sell the rally and just before the release we saw more selling activity, and then we saw immediate strong candles coming out false Intermediate breakout.

Scanning Activity in Usd/chf

I just watch the chart closely as I post in my previous post, As We have seen and the activity is the same as told and that is why I need to prefer to wait and watch before I enter and exit and couple of good entries in a week matching such activity is good for me and I always try my best to post all what I see in the chart.

Type of Breaks In currency Trading

I have explained in my earlier posts that I would try to cover most of the aspects in trading and Which can help us in determining the various Institution activity and when we see strong breakouts then we should see the background whether there is any entry to be offered by market makers, And Breaksoften give us clue which way price would go after such strong momentum.

Initiative,Liquidation and Responsive Breaks.

If You see such strong Initiative Breakouts which are followed by ranges at the bottom then this is know as Initiative Break, And when such breaks followed by immediate sell-off, then it give us clue that this market is driven by fear or some news release and Liquidation was a part of that release. But If you found the daily range and during the final hours of day close we saw strong breaks to the range to the upside or downside, Then It is know as Responsive Break

Most of the times when we see such activity, the after scanning all the activity we see momentum comes again and drives the price and momentum came again from lows to the upside and that momentum is strong then we should feel confident that earlier "Responsive Break", was a trap and price will be driven strongly to the upside as market as "Accumulated", whatever supply it holds and then value again shifts to the upside and price is drive more strongly.

For more help please check this update of usd chf chart

Update of Post Eurjpy : Value Migration

For those who did not check my earlier post How Value migrates, Then take a look at the post I made two days ago of Eur/jpy

Simple technique when value migrates it really won't lean around the areas for too long and we did need strong Initiative Break and strong candle off from the area I marked was the one we needed.

When Price reverse in strong trends then it does take time to consolidate and accumulate the supply but not in this case and we have several Intermediate breakouts and reversal from those lows were strong and final breakout after Value Migration was strong as rally to the downside lack momentum and we just need a strong Rotation center violation candle that did the trick in this case.

Updated Chart of eur/jpy

In above mentioned chart, I have clarify How Value migrates and that is how we need patience to trade the trend reversals but we should not be in hurry to trade only candles patterns breakouts as we should give time to breakout to see whether or not the part breakout has follow through.

Tips For Becoming A Better Stock Trader

All the advice here, from the simplest tip to the most complicated, has been written with you in mind. Our goal is to help you make the most profit possible, with the least amount of risk. All of these tips should assist you in building a strong strategy, which will do just that.

Stock market investments should be kept simple. Reduce your risk by keeping all investment activities, including examining data points, predicting and trading, extremely simple.

Do not look at investing in the stock market as a hobby. It is something that has a lot of risk involved and it should be taken very seriously. If you do not have enough time, effort and patience to take it seriously, then you should not get yourself involved with it.

One fund to consider when investing in the stock market is an index fund. Index funds simply track a segment of the market, most popularly the S&P 500. It takes very little effort and it guarantees that you, at least, pace the market at large. Studies show that actively managed funds largely underperformed index funds. It is hard to beat the market.

Diversification is the main key to investing wisely in the stock market. Having many different types of investment can help you to reduce your risk of failure for having just one type of investment. Having just that one type could have a catastrophic effect on the value of your entire portfolio.

When it comes to purchasing shares, there are two distinct types to choose from: preferred shares and common shares. There is a greater risk factor of losing money with investing in common shares if the company you own shares in goes out of business. The reason for this is that bond holders, creditors and those who own preferred stocks will be first in line to regain some of their money from a company that stops functioning since they have a higher ranking than a common shareholder.

Hopefully, you've understood everything written here and can assimilate these tips into your current investing strategy. Whether you're just starting out or just want to do better, these tips should enhance your current ideas and lead you down the road to success. Whatever your goals are, continue to reach for the stars.

Correction In Eur/jpy Might have ended earlier than Expected

I watched the activity in Eur/jpy chart trade and watching that Intraday rally from the Bottom is very weak and Price once again holding higher prices strongly and I would like to see a test of 136.30 area again and then I would expected bigger rally would be on the cards once again on and Intraday Bulls will come In the market once again move the price higher.

We can once again see Value Migration to the upside, But depends a lot on that Price maintain the "Imbalance" in the market, and don't fall sharply and If it does we can see much more consolidation before next move higher or lower.

Candlesticks Patterns Continuation And Reversals

I was busy during the weak but I saw an opportunity to explain the Role of simple "Candlesticks patterns", and doing it by posting an example. In the above chart we seen that price has been in range and try to rise off demand areas and all the attempts are either faded out or either don't had any follow-through.

When we trade such scenarios we need to see overall relation of candlesticks with the context, As seen in the chart price has been bullish on the pattern breakout and then next candle almost completely engulf the prior breakout candle and opportunity was offered.

I would try to cover most of candlesticks patterns which offer continuation or reversals in the next post of my blog and other trading segments and aspects as well.

Price Action Without Candles

Hi traders! I am bit busy these days but still I always try to give my best to cover most aspects of trading and its style and During next week I will try and cover several aspects of trading as mentioned below.

*Momentum Trading

* No supply Imabalance

*Candlesticks Pattern traps.

*Context reading overall picture

*Trend confirmation after correctional bottom.

*Price Action in Balance Market conditions.

*Overbought and Oversold Market conditions.

*Roll Of Indicators.

*Breakouts and its types

I will try and cover each and every style with examples so next week its the best way to watch price action techniques which is really helpful in determining the versatility of a trader, and helpful aspects of trading.

Intraday scalping Opportunitiy

I try to make my blog posts as easy to understand as for me trading is more art than science and I never try to complicate things and If you have continously watch the updates, then It should have helped you enhance you trading knowledge and develop a lot of skills.

Scalping Need consciousness and easiest way around

When we saw strong trends tries to reverse and Had several attempts to back off from supply area and again tries to build momentum third time, then it is know as triple Initiative break and that type of breaks are clear form of "Imbalance", Where market went against the strong money and again driven back to areas where previous sell-off happened.

It is so important that we remain patience and look to go with trend unless we find this type of chart which tells you that infact a reversal is on the cards, And it happens with strong Initiative break which happens in this case of pound dollar chart.

Hints when Imabalnce is forming

Example of usd/jpy : Strong Imbalance

I have try my best to keep this blog updated on every clue of Where "Strong Institutional buyers" are eyeing to step in the market and absorbed the whatever supply there is and "Imbalance" is first clue of any such activity happening.

Even though we are in strong trends market and we saw some candlesticks patterns then it is not necessary it offers continuation of trend as for me candles at adverse market conditions are traps (most of them), unless you saw strong "rotation center" Violation and prior trend is strong to sideways for number of days.

So, pattern is the lower level in decision making process, the higher level is understanding context. We can't really evaluate our decision if we always operate from lower level of this process. It is only possible to evaluate it when we try and understand what patterns is offering and what prior market conditions is and overall context is also very important.

Price Trend reversals In Rangebound Market conditions

We have seen massive volatile market conditions after the release U.S retail sales data yesterday But It did not matter a lot to me because I hardly watch any news and watch charts and behavior of strong money and When you look for such strong moves it hardly had carry through and Eur/usd reversal off from supply area ends the day with giving away half the gains.

In order to look for massive opportunities in such big moves day one should be ready to look out for entries that suits you trading style otherwise there is no reason You should try to enter without any knowledge and stops get hit so many times after you enter.

Take a look at the nzd/jpy chart

Trader's assumptions don't pay and this is the truth of trading as You should be ready to step in when such strong movement days don't push the price of certain pairs and price end up with false breakouts as traders who left behind try to force the price higher but where strong money is eyeing to sell and get a better price, they will do it with ease and that is what "liquidation" is all about.

I would update the chart if I am stopped out after any exhaustion bar or any reversals as we should be ready if market finds demands again and price look to get momentum .

Update Section Reversals

I will update the text later .

Currency Market Guide That Will Work For Anyone

Money. It's what drives people to achieve more, reach higher and fight for what they deserve. It fuels our society and yet, causes immeasurable heartache if you don't have any. What does it take to get money? Investing is one avenue you can take to gain profits, but only if you know what it takes to do it right, so read on.

Keep in mind that there is a variety of stocks available. Compared to bonds, commodities, real estate and certificates of deposit, stocks might seem like a singular venture, but within the stock world there are many options. Common divisions within the stock market include specific sectors, growth patterns and sizes of companies. Stock investors routinely discuss things like small and large caps and growth versus value stocks. It is good to learn the terminology.

Companies with wildly popular goods or services that seemed to gain visibility overnight should normally be avoided. Instead, wait to see if the business does well in the long term, or it could easily lose its value as quickly as it found it. You might want to stick to reliable products instead of fads when choosing stocks.

When picking stocks, find a strategy you enjoy and stick with it. For instance, you may choose to ignore the market's behavior for the most part and focus only on a company's earnings potential. Once you settle on a personal set of rules, you can seek out prominent investors or financial gurus who share your philosophy, and you can learn from them.

Whatever your original investment portfolio size might be, and no matter how large your end goals are, you can do it. The insight you now have, after reading this article, hopefully, has given you the power to take your financial future into your own hands and mold it into everything that you have dreamed of. Now all you have to do is to just do it!

Tracking Demand and Supply l Oversold to Overbought

As I have mentioned in my previous blog posts that We just indeed need one clue of rejection in ultra motion strong trends to trigger the entry with the trend, Even though the past rallies are strong enough, Which could be a part of "Exhaustion".

Currently I have tracked as such activity in Recent Intra day setup which is worth watching as I have seen Institutions or Strong Money selling it right from the top till pause and then selling activity resume.

That's a fact that at the time of writing this post price had already rallied 30 pips from 0.8860 to 0.8830 and that is how consciousness has a part to play in Intraday trading.

Five Qualities Of Successful New Traders

"In your opinion what are the starting qualities needed to be a great trader?"Let's not complicate the process, because different kinds of trading require different skill levels. For example, many of the best hedge fund portfolio managers have superior analytical skills and abilities to detect setups that retail traders can't. Many of the best market makers have an uncanny speed of mental processing and level of concentration that enable them to stay on top of order flow throughout the day. This is why I emphasize, that matching one's style of trading to one's strengths--talents and skills--is an essential component of success.

If I had to identify qualities that distinguish "starting qualities" that are important across all traders, the following come to mind:

1) Capacity for Prudent Risk-Taking - Successful young traders are neither impulsive nor risk-averse. They are not afraid to go after markets aggressively , when they perceive opportunity;

2) Capacity for Rule Governance - "Successful" young traders have the self-control needed to follow rules of stress-battle, including rules of position sizing and risk management;

3) Capacity for Sustained Effort - Successful young traders can be identified by the productive time they spend on trading--research, testing systems, preparation, work on themselves,Consciousness--outside of market hours;

4) Capacity for Emotional Resilience - All young traders will lose money early in their development and experience multiple frustrations. The successful ones will not be quick to lose self-confidence and motivation in the face of loss and frustration,which gives them edge over emotional traders;

5) Capacity for Sound Reasoning - Successful young traders exhibit an ability to make sense of markets by synthesizing data and generating market and trading views. They display patience in collecting information and do not jump to conclusions based on superficial reasoning or limited data.

Finally, I would say that successful developing traders approach their work with a kind of humility. They don't know it all and they don't pretend to know it all. They absorb wisdom from mentors and markets, and they are quick to acknowledge when they're wrong, so that they can get out of bad positions and learn from their experience. Show me a stubborn young trader with a defensive ego, and I'll show you one who will fight his or her learning curve every step of the way, with predictably poor results.

If you want to identify potentially successful young traders, look at their trading journals and gauge the amount of time they spend behind the screen. The good ones will have detailed entries about markets and about themselves, with constructive ideas, goals, and feedback. The less successful traders will have sparse entries that display little effort or analysis, with no goals, no constructive direction. The good ones watch markets closely, even when not trading. The less successful ones find little reason to watch markets if they don't have a position.

Effort alone won't make a trader successful, but lack of it will almost certainly ensure failure.

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Price Action Basics Educations purpose

Strong holders vs weak holders

Ok, now if we have distinguished weak holders from strong holders. And what we really have to do - we want to know, at least to assume what professional players are doing. By professional players I mean dealers or institutions that have to consistently deal with big volumes and give their clients at least average good fills. Institutional activity When we are talking about institutional activity, we are talking about strong holders. That guys have almost unlimited buying power at their disposal, but it doesn't mean that they want take money from you, they usually have large order from their clients. It not always means that they want to purchase from weak holder, squeeze them and hunt for their stops. They just want to accumulate position not squeezing price against themselves. First of all, if you look at this chart, how do think, where (on what prices) institutional player was buying (if he was buying at all here)?

Expected answer is that they were buying at lower level. But think about their volumes. They are big enough, and they simply would not have enough liquidity to build a position there. They usually have to accumulate - to buy several times, to absorb somebody's sell orders. Otherwise they will not have enough liquidity and make prices grow immediately So, their buying will be distributed within whole trading range:

And the first clue of institutional activity is acummulation on moving market (rising or falling market). They don't have enough order flow going down to absorb, so they have to squeeze prices a bit, but nevertheless they have good average price, not the worst of the period. It's a wave-like process. It ends with a breakout

Forex Trading Strategies l Shift in Value in strong trends offer continu...

Forex Trading Strategies lHow to identify price trend reversals

Shift in Value in strong trends offer continuation

I have stated in my earlier posts that it is always necessary to see what market is doing in strong trends and some strong points to note down that If there is still "shift in Value" on neutral days, means that there is still Imabalance there in the market and recent rally IN usd/cad point out the same scenarios

Shift in Value Or Demand

You can clearly see in the chart that market has offered continuation when paradigm shift to the low side again on a neutral day and Market traps enough traders to cover in the long entries or go short with the momentum and Price has again market up and even with strong force.

Although it is not easy to visualize such entries but it should be a part of your trading strategies when you try to trade basic supply and demand but there are few points that you need to cover when you decide to trade shift in Value.

* Market should be in strong trend already

* There should not be strong sell-off (strong sign if sell-off days ends up as Neutral day)

* First sign of shift In value should be there After primary breakout

* Price is usually Marked up again without testing the shift in Value

How to identify price trend reversals

Few days ago, I posted a chart of gbp/usd to clear the doubts when you have found the Mature trend and want to "Identify a reversal" in such trend amid strong liquidation which is often good clue in reversals.

First of all those who don't check my earlier post check it here

Real Time Updates How to identify Reversals Chart posted Gbp/usd

As I have stated in my earlier posts, Its easy to spot trend reversals but most of them don't really happened before we start anticipating that reversal is on the card. Difference between success and failure of such traders depends on the overall picture attempts made and also the breakouts that failed. In the above mentioned charts, We clearly can spot that there was too many False breakouts that happened and fall short of supply areas which finally was good enough to offer an excellent risk reward ration before price Creates a overbought condition.

Those who visit the blog updates, have idea what is real overbought market conditions created by Bunch of traders to trap traders both sides of the market rather than depending too heavily on oscillators.

Time to wind up the week for more updates.

In the mean time check what is Continuation patterns offered by Shift in Value.