Wednesday, March 30, 2016

Bullish S&P Earlier warning ahead of Yellen Speech

Bullish breakout start of new bullish trend in S&P It has been quite a interesting month already with spikes and consolidation creating bullish flags and traders keep following their trades after panic annoucements from different bank officials from various part of the world.

Global sentiments have improved but not by bit and still looking for further bullish momentum in various indexes to continue atleast till the next FOMC meet and as the trend suggests price action will remain subdued till we are subdued for another crude downfall might be witenss.



I have recently posted a video on my Youtube Channel regarding how to spot imbalance i strong trends. Technically to spot an imbalance you need to watch out for strength of earlier trend, breakout, imbalance and consumption of supply after possible fakeout.


Thursday, March 24, 2016

Gbp retail sales data and price Action Analysis of Gbp/jpy

Price Action Analysis of Gbp/jpy Waiting for Gbp/jpy data to release today and waiting for bearish sentiment to continue with more pressure.

gbp trading upcoming retail sales data


I will update the text with updated chart before the start of U.S session today.

Wednesday, March 23, 2016

Gold Technical Analysis law of consumed orders

Gold spot technical Analysis

Hi, Readers
Yesterday short on Eur/usd is till good enough for a move towards possible 1.1100 area and we already have set trade at breakeven. Take a look at the post where I mentioned recent weakness in Euro will target the previous imbalance area around 1.1080.

**Those who did not watch my previous post then take a look at it here again Euro Usd Shorts

This is about Gold and how gold price have fallen as we see in the chart that shorts were already triggered when yesterday session close and I was looking for price to reach around 1224 level and price has managed to breach that level.

We saw risk aversion arrives when news of Explosions tore through the departure hall of Brussels airport, and a separate blast hit a metro station of the capital city. The news sent Shockwaves across financial markets, with investors running for cover away from risk assets. Technical Chart posted above is an example of whatever happens if You have sound technical knowledge and not willing to trade trade spikes, should have waited for the retest and close of session to look out for opportunities .

Monday, March 21, 2016

Can you really trade forex for a living l

Trade for a Living Truth Behind it

The question people ask me most often is, not surprisingly, “Can I be successful at this?” Mostly, they ask me the question after a devastating loss. It’s a natural time to ask the question, but it’s a horrible time to answer it yourself.

Why? Because you can be successful, and every time you start to feel depressed about losing, you stop believing in yourself. If you stop believing in yourself, you stop working as hard, and if you stop working as hard, you start to make more mistakes, and a vicious cycle begins. Losses bring depression which brings more losses, and then before you know it you’ve lost your entire first account.

You don’t have to trade that way. There is a better way to trade.

I trade currency for a living, and so can you. Maybe it will take you more than a year to become successful.
Maybe more. But you can do it. You don’t have to be better than most people at math. You don’t have to score high on an IQ test. You don’t have to be the smartest person you know.You just have to be disciplined.

Come Into My Trading Bathroom

When you read a book by Alexander Elder, he invites you into “his trading room.” When you come into my trading room, you’re really coming into the bathroom. In fact, the subtitle of this introduction ought to be: A Complete Guide to Flushing Your Profits Down the Toilet.

I learned how to trade the hard way. By losing. Over and over. Think of a stupid mistake that traders make: I made that one. Think of another one: I made that one too. Only by keeping excellent records, staying determined, and learning from my mistakes was I able to being to trade profitably on a consistent basis. But along the way I learned that if you would rather flush your profits down the toilet, you should do the following things:


1. Trade as much as possible. Trade all the time.
2. Never close a losing trade.
3. Always close a winning trade as quickly as possible.
4. Never test a trading system. Trade it live ASAP

Let's talk about Euro Dollar Trade.

We might not see 1.1325 again before we see 1.1090 area. Check the chart and post your views in the comment section below.

Friday, March 11, 2016

ECB policy push Euro high and Stock Rallies

Dollar weakness and Stocks Strength Hi Readers,
Hi Traders,

Quite an Eventful week, and ending the weak some good profit from Crude Trade that I mentioned in my previous post. Still look for more gains as my target 37.50 has been breached, although there was small correction in yesterday thin trading(priror to ECB press conference) which was accumulate at the yesterday close and price went beyond 2 month's high and Now holding those gains comfortly


Now, As there is new week to start and we will see an American DST which will push the opening and closing bells an hour sooner as compare to winter season, there would be some great trading opportunities lies in the week ahead as we are approach March FOMC meeting as Focus now shifts from ECB to this week FOMC. So if rates put on hold and we have dovish FOMC tone then we will see Euro enjoy that rally as completely negative correlated banking policies from Eu and Fed will put retailer to bet on USD weakness.

Gold weakness target 1237 and 1215 levels again



My bet on this coming week is Gold and I am bearish on Gold next week to test the levels of 1237 and below 1215 because this was the base or origin of previous bull run. We see gold rally with Euro this past Thursday as Mr. Draghi completely deny the best of further ECB stimulus package as he see recovery on track but he also maintain the tone of more accomodative policy.


Prior to this decision Eurozone push the rates back to 0.00% which push the panic button in US and Eu yeilds and Euro hit hard to 1.0821 where it found support and breach 1.0926 level and post the biggest gain in almost 2 months, when previous ECB meeting was held in Janauary where the bulls finally take charge of the multi-year lows.

I have just recently prepare a video On How I manage to spot weakness at multi-months highs and after spotting today's trading activity, I manage to spot a trade which I think is the best way to confirm the top and looking for origins of the upmove. No targets are defined as we might see the level 1237 breached and further weakness cannot be ruled out If further pressure be put on precious metal as we also eye Chinese data through the weekend which can possibly create a gap towards the target so trade safe and enter again when trading activity resume om Monday if the level of 1258 is tested again.

Saturday, March 05, 2016

How to trade True Trends and Pullbacks in Forex

Art of trading True Trends in Forex Hi Reader, I have been updating the blog from time to time for trade entries and also for education purpose which always keep you ahead of what market thinks and recent trend in Crude is a prime example of why I am still bullish Crude Oil. Entry from 33.52 fetching nice profits and still looking for move towards 37.50 area when next week trading resumes.

Prime reason for this article is to let everyone of you understand what is true trend and How we can wait for pullback and continuation signals when there is imbalance in that true or strong trend which carries momentum.


Few Basics of Strong Trends


* Trend must be strong enough for you to look for pullbacks and confirmation entry
*Entry should never be aggressive or conservation
*Price Must have strong imbalance between swings (Will be discussed in detail later)
*Active session breakouts should remain well-balanced in Strong Trends
*Any strong rally against the trend must be rejected strongly off Imbalance Areas
*Must wait for session breakouts after strong rejection and pullback to test that breakout when session resume trading
These all are basics of true trend and with a live example of crude I will discuss each and every step with examples in this article.

Trade Recommendations for next week

Usd/cad is in strong downtrend and we have consolidation after strong downtrend on hourly chart and Now as 1.3465 area is strong imbalance which is retest and selling continues till the day end I would like to see a move towards 1.3210-20 area.

Stops must be place 1.3340 which gives him some strong potential or You can simple look for retest of 1.3335 levels and look to trade rejection which will shorten you risk and potential of reward is much than it is right now

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