Low volitality amid year end Holidays Still bullish on gbp and canadian dollar

Volitality has been very low amid new year & christmas but as this period will pass by I would be up and start buying both pound and usd/cad.

Buy usd cad around this level or look for a retrace towards 1.2650-70 level and set the stops 1.2590 & target should be around 1.2950 and 1.3070 area.

Usd cad entry based on weekly bullish candles and last rejecting weekly candle was strongly bullish and woukd like to see buying interest coming up again.

Gbp/usd - Price action is very range bound looking at weekly and strong momentum candles on weekly put the resistance and support on the both extrmes & I would expect price to find buyers again around 1.3270 level.
Stops around 1.3190
Target would be first 1.3490 & Second 1.3610

Merry Christmas to all and stay tuned for charts of both the pairs.

Forex Signals Majors Euro Dated 20/12/2017

Our signals valid only for four hours when they are posted. Issue time 12:10 GMT : Valid till 15:50 GMT
Eur/usd sell@- 1.1846 stop 1.1872 Target 1.1820

price action anylysis of Euro amid low volatility

Volatility has been very low but direction has been very clear in Euro after breaching of 1.1830
Buy order 1.1760 stops @ 1.1740
Target Ist 1.1860
Second 1.1925
Stay tuned for Euro short entry from caps @ 1.1960

Forex Top down analysis for trend from Monthly, weekky to Daily

Position weekly
Pair Gbp/cad Buy 1.7216
Stop 1.7140
Target 1.7650
Pair is approaching the mentioned resistance with breaking of recent s/r flip which was tested multiple times on weekly and I have placed my stop beneath the daily support line and will keep an eye to add more to that if an intraday opportinity is seen
Stay tuned to the blog for updates

Forex Intraday updates & Price Action Signals

Forex Trading signals for usd/chf & gbp/chf on  12/12/2017 GMT (8:30  GMT) Trading signals for gbp/chf sell @ 1.3240
Stop loss 1.3270
Target 1.3210
Signal is valid only for 4 hours as usual
Trade closed at 9:15 GMT (+40)
Intradayforexacademy

Forex Trading :- Where to look for entries PA ZONES

Euro/ usd Trend
Weekly Up Monthly Down Daily Neutral Intraday Down Trend is sideways on daily & Intraday is down. I would look to buy euro again above 1.1850
Bias neutral to bullish. But due to low volitality swings can fake up the whole PA.
Price action zone is between 1.1675 to 1.1710 & 1.1810 to 1.1860.
For Free Intraday Entry & exit Please click. Trading signals

Forex price Action analysis and guide on how to build forex strategies that work in forex

I would start the explanation as a novice. What should a novice trader look to react in a Forex market -its expectations, excitement and emotions and interpertating power to think that every trade is a winner.
Not every pair and market is rated proportionally, say if there is a particular currency is being sold or being bought there has to be a given reason for it to move. Always remember that not all currencies move in tendum. Its about need and targets of institutions when one area is breached, they often look for next target and that really is not possible with all the pairs as some might have hit their targets.

Technical Analysis of Pound for the next week starting 10-12-2017

In the following chart, As per my Analysis a particular zone is engulfed but there are few strong candles that are catching reactions but if those areas are consumed with spikes then price will drop more strongly.

Forex Trading :- Euro Sell stops seen around 1.1795

Sell stops around 1.1795
Stop 1.1815
Target 1.1778-65

Forex Trading :- Truth about candlesticks patterns & how to confirm entry & exit

 Hi Readers, Traders have tried to trade candlesticks patterns without even cnsidering the fact that what should be right way to trade candlesticks patters. For me, it always tell you who is in control don't guarantee that how long will remain in control.

Like every other mechanical system, candlesticks alone are not reliable. You need to consider the strength of the trend.

Trend is the first way to catch the reaction

First thing to remain in mind while considering the fact we need to look the current trend strength as we should not look for reversals and try and pick bullish or bearish pin bar at the extreme levels. This means when you trade candlesticks chart, you must need to understand the strength comes in while existing trend is in full control. Fakey pattern is my favourite pattern and when it happens at a level within the strength, then it is a high probability trade.

Trading signals for 07-12-2017 Eur/jpy, US dollar

Please Note :-- Signals are valid for only 4 hours taking over from one session to another.
Sell usd/chf Pending sell limit @0.9912
Stop @0.9935
Target 0.9875 (SIGNAL ISSUED @ (8:00 GMT) Trade closed -10 ==================================== Eur/jpy Buy @ 133.55
Stops @ 133.18
Target 133.92 Trade Closed + 28 ====================================

Gbp/aud trading analysis & signals issued on 6th december 2017

buy gbp/aud 1.7510 Stop 1.7460
Target.1.7650
+150 Pips =====================

Price Action Analysis & Trade Alerts for December-06-2017.

Signal for Gbp/chf on 6th December 2017
Sell Stop aroud 1.3262 (GMT 05:14)
Stops 1.3310
Target 1.3210

Trading signals for eur/jpy & gbp/usd

Buy eur/jpy 133.50 stop 133.15 Target 133.90 Signal issue 8:00(GMT) ( -10 pips.)
WAIT for gbp/usd signal

Forex Trading signals for usd/chf & gbp/chf on 04/12/2017

Forex Trading signals for usd/chf & gbp/chf on  04/12/2017 GMT (7:30  GMT) Trading signals for usd/chf sell @ 0.9846
Stop loss 0.9892
Target 0.9792
Intradayforexacademy

Trading signals & price action analysis of eur/jpy

Forex Trading signals for eur/jpy on  04/12/2017 GMT (7:30) Trading signals for eur/jpy Pending sell limit @ 134.02
Stop loss 134.32
Target 133.72-60
Trading signal valid till (GMT 11:00) Trade Closed +30

Trading signals & price Action analysis of gbp/us

04/12/2017 GMT (06:00)
Sell Gbp/usd @1.3480
Stops 1.3515
Target 1.3440
Valid till 09:45 (GMT)

Forex Trading secrets How does technical analysis helps a trader to predict the future price in stocks & Forex trading

 Intraday Trading signals

There has been a dialema of techical analysis when it comes to forex trading to predict future prices of a currency, futures or commodities. But how does it help us in an extent to entry & exit and all we can rely on Few techical aspects like fibos, trendlines, Indicators and support and resistance.

But what about few market conditions that drives the market & risk which always hovers when it comes to live market conditions. We still have 50% of the chance that market will react in the same manner on what we expect it to do. Then, why we need to stick around charts for hours and apply hundred of technical strategies to look for outcomes.

What I personally do is to pick my hours of trading & rely on reactions of previous sessions & work on risk rewards may be two times of the risk. Interesting fact is this that still I have 50% chance of trade going my way. Si, if I pick 3-4 pairs a day & try to apply money management skills there is a good chance thatbI end up with profits everyday & that is why I start backtesting of trading few days ago for next two months and seriously it is rewarding

-If you like to take the benefit of all my trades  in a real time, then stay tuned in the blog or for real time entries to your email open an account with  CMStrader & post your emails address in the comment section and not only I'll train you to become full time trader by guiding you to where to look for price action but also provide you complete support for next three months.

Forex Trading : you need to read this article before try to make money through hediging.

Trading signals

Hi Readers,

What I am about to discuss is the most important part of trading which is known as hedging. Hedging can be of two types. One is hedge the lossing pair with double lot or hedge the correlated pair in the oppposite direction and if you do it for long term investment purpose then it is the biggest threat to your account capital as it put all your account equity at risk if one of the position will be driven by risk.

Hedging don't work in long term position trading as you can see a pair in full flow take time to reverse and other correlated pair might reverse at pace leaving you to start showing fear & mistakes will start showing on your account equity. Same can be said about recent trends in Aussie & Loonie. These two pairs trend almost oppositely since decades but recent reversals in canadian dollar is way to sharp Australian dollar is in long term consolidation perhaps investors or banks taking a breather for big moves.

Loonie or candian dollar post a multi year high around 1.4750 area, and fallen to  the low of 1.1950 area, but Aussie has not recovered from the lows of 0.6500 area leaving hedge fund too start looking to move other currencies like Euro &  Yen or perhaps inject some cash in Bitcoins.

Ema Trading With example of current price Action of Usd/Jpy

Following the backtest of EMA price action as I mentioned in my previous post Recent pair to watch usd/Jpy.
Price is being strongly supported by EMA 72 and 20, & Price action occurs only when we see a break of yeaterday's high & that can happen at today US Market open.
PA will be strong break with outside pattern and retest of the broken area or EMA.
Check the chart.

Trading signals for 30/11/2017 & price Action Analysis of Major Forex pairs

Sell nzd/usd @0.6830 Stops around 0.6860
Target 0.6800
Price manage to break through yesterday low and test today low and rejecting off the EMA 72, On hourly timeframe.
Signal around 5:30GMT and valid till Gmt 8.00 AM Till EU market open. UPDATE ====>>》》Trade Closed for +7 Pips. ===================

Bitcoin Trade l Price Action analysis and signal for bitcoin

Bitcoin ha manage to recover from 9269 to 1.0290 at the time of writing. Buy Bitcoin @ 10350
Stop around 1.0150
Target 1.0550
Signal issue at 3:30 AM GMT(0:00) Bitcoin Target hit +200

Bitcoin Trading chart Analysis

Chart shows test of EMA and rejection and that also was previous swing. Price started to consume the sell orders and also keep checking the demand with the test of EMA. At the time of entering price pullback to check the strength of trend & post strong bullish candle and the test of orders at this candle was reason to find bulls again.

Forex trading with Ema and support & resistance l Forex trading strategies for beginners

 Hi Readers,

I have been testing a system based on price action support resistance to trade for Intraday scalping & result of previous couple of days are quite encouraging. I've practice on more than hundred of mechanical systems in my trading career of over 9 years but non of them is profitable except couple of them which I've shared with you earlier & I would like to share the antanomy of trading forex with EMA. h3 What is EMA & why support and resistance is important to filter trades.

First of all, I would like to tell you that EMA is the average price of past number of candles and its concept quite vague without the help of price action & support and resistance. Ema actually is used differently for different pairs as different pairs react differently on EMA settings for different period so you should always check back history with different EMA settings to see which settings should be used for a pair which is trending.

which EMA settings should you used & other important tools to confirm entry & exit.

While trading EMA one need to make sure to use technical indicators like trendline, candlesticks & accurately mark support and resistance on two time frames higher than time frame you are trading. Marking support and resistance is important to set stops and targets as without its use you cannot develop any profitable strategies no matter how accurate systems you developed.

Chart I posted above is gbp/usd chart, and EMAN settings I used for this chart is (72,20) SMA to close. This is a perfect example of how PA should hold when trend is picked up. There are arrow marked when EMA reject the low values and EMA is providng strong value and value shifts higher.  There was one break below EMA which was yesterday and immediately after that close we saw a strong outside bullish bar to reverse the prices higher again clean and high probability trade came when US market was about to take over London market.

When market test the EMA we already had breakout of a bullish flag & that time we were entering the most productive market session and target was daily high at 1.3438 & entry came at 1.3385 which was above the yesterday. If you move down to m5 chart you would see the outside bullish bar contained 13 pips, which breaks above a falling trendline and that was our entry point. You can easily set your stops below the swing low of that rejection or few pips below yesterday high and get good reward for your scalping trade & that is how price action with support and resistance should be traded with the help of EMA.

For Intraday scalping in Currency trading, one should always look to use pivots or good support and resistance or fibonacci tool or trendline if it is providing good support and resistance. Always look to trade logic with good risk reward. Although I don't consider this method a completely one dimension mechanical system but still aim for good rewarding trade increase the probabability & help in money management calculation.

I would keep updating the blog for next few days with some scalp on different pairs and would also update you if there is any other filter that can be used with this power combination of EMA price action support and resistance method.

Pound dollar intraday outlook & trading signals of gbpusd & usdjpy

Trading signal of pound dollar
Sell stop @ 1.3435 stops around 1.3465
Target 1.3372 & 1.3346
Target achieved + 45 Sell stop usd/jpy @111.52 stops at 111.85
Target around 111.25 Stop loss hit -27

Price Action Analysis for Euro for 29/11/2017.. 09:45 A.M (GMT+5:30

As,I mentioned in my previous update that euro is following a pattern rallies & pause and it is the best way to trade the trending and reversing markets.
My trade for euro today would be Short @ 1.1852 with stops around 1.1886
( Market protect this area whole day except in the last session)
Target first would be 1.1825
Target second would 1.1775

Price Action zones are the areas where we should look for entries l Forex trading strategies.

Its been quite a while since I talk about the trading education, busy with my new scalping experiments but still the prime motive is to let everybody aware to where to look price action. Price action zones are the best way where to look for reversals. I always look to trade reversals in forex as I always look to jump into the trend on pullbacks keeping in view monthly, weekly & daily supply and demand zones.

Below I have posted Australian dollar h4 chart which is trapped between zones and looking to take stops both sides of the market. When a pair is trapped between rallies drops and drops & rallies then we should always wait for the unfilled orders after market hit the next extreme.

Price is capped between two zones below the historic level 0.7730 which holds the price down for two years. When price look to stay time below or above a level the reaction to these levels are imminent as first attempt to this level bulls rallies to 0.7900 area, but there was lot to come when you shift to monthly level which clearly shows a false bull candle and I would now keep a watch on monthly trend line perhaps to the end of this month and see if price react again with the same approach on daily & hourly time frames.

Scalping opportunity for eur/jpy on28/11/2017 1:36 pm (GMT +5:30)

Buy eur/jpy @132.36
Stop around 132.02
Target 1st 132.65
Book first around the mentioned & trailed the rest
Trade valid till 4.00 PM (GMT +5:30)

Eur dollar technicals & signal for 28/11/2017 11:43 (GMT +5:30)

Euro signal for 28/11/2017

Buying euro @ 1.1902 for retest of 1.1935 with stops around 1.1870

Trade is valid till 2 hours after european open & if target is achieved within that period then we will close the trade immediately.

Expect a test of cap around 1.1935-40 area which hold till New York open & when it was breached with a false breakout price tumble & now I expect yesterday lows to hold the price for retest.

-10 pips. Trade closed. Price went up from lows to test 1.1930-40 area, but found sellers around 1.1920 area. Hence, trade end with a loss.

Eur/jpy is the pair to taget for sells @132.90

Pair Eur/jpy sell@132.90
Stop @133.20
Target first 132.00
Target second 131.50
Trade closed with +70 pips at 10:00 p.m. (GMT +5:30)

Eur/jpy is the pair to taget for sells @132.90

Pair Eur/jpy sell@132.90 Stop @133.20
Target first 132.00
Target second 131.50

Forex signal for Eur/usd 27/11/2017 03:00 AM UTC

Buy Euro@ 1.1915 stop @ 1.1890
Target 1.1940
Target hit 1.1940 + 25 pips.trade close @ 2P.M (+5:30 GMT)

Forex trading signals for 27/11/2017 +2:30 GMT

Price Action signals for 27th november.
Sell usd/cad @1.2722
stop 1.2738
target 1.2692

Target hit trade close at +30 pips 2P.M (+5:30 GMT)
wait for this cap to hold the price above 1.2680 Note :-- Price capped around this area bullish move from 1.2715 can extend for stop hunting but will be limited to 1.2730 and that is protective stops are around 1.2735 Target 1.2690 is set to the origin of up move and first engulf of price action zone.

Euro usd might face rejection near 1.2036 Banks & institutions capped rallies & drops

limited time offer !! Open an account with Cmstrader.com with this link & fund your account with $250 & get free three month signals from Elitesignal.com

I would like to see more Price action to unfold if we see a test of 1.2040 as failure. Price really capped between two zones 1.1650 to 1.2040 & if get entries both ways then I would surely look to post an update.

Price action zones and swings are very clear

Forex patterns & principles to profit from Market

Patterns To Profits Webinar where the attendees heard how Coach’s Corner partner, Darko Ali, completely transformed his trading since becoming a pure pattern trader. He is now enjoying unprecedented success, and he showed a few examples of the kinds of trades that we look for. Forexmentor Coach's Corner 6 Months (Online)

Understand the Forex market profile & its structure

Trading is not a science as there are people above everyone controlling the market. Banks & institutions share and hint signals where they are manipulating. Session start with manipulation and end witg short term trend and next session look for entries which can fall back to previous session lows or continuation if it is tested the previous highs or lows.

For me, As a scalper m5 chart is as important as trading monthly chart. Trading in the zone tells the story that you need to be good enough to match synchronzation in between time frames. Monthly rejections or trend can set limits for weeks and even months but as there are mostly consolidation after big moves you need to fine tune lower time frames for better understanding.

Same can be said for hourly and m5 time frames and if you know where institutions and banks put their limit orders on then probably you don't need any other hint to trade in the zone.

One best thing you can do is to stay versatile and don't ever look to trade same pairs over a period of time as banks and institutions target different pairs everyday. If there is a strong  sell-off seen in yen today, then probably they can target franc or canadian dollar as they don't ever put easy money on table.

As of 21st November, I've witness strong selling of franc after japanese yen buying seen on friday & Draghi drama on Monday, Markets have taken a breather and look to continue with different choice and manipulation can be seen in franc crosses specially in Gbp/chf.

If you understand the market profile & behavior and struggle with direction bias in Forex trading, then I would recommend you to leave the chart reading for few days & start looking to prepare notes on different market behaviours on different crosses.

Starting from Asian session to London close   note down activity for couple of weeks on which pairs follow the trend that started on Asian and how many times you see market continue the trend on the following day

Leave you with the thoughts of.buying gbp/chf around 1.3140 and carry the trade till close and if you missed it somehow, then wait for new york trappers to try and reverse it at yesterday's high and buy the patterns after rejections or look for counter trade on other franc crosses.

Risk management and quality of trades depends on how you time your trade

Trading is not only about entries  as it depends on how you manage your risk. There are several entries are always on offer but do we need to take or consider all of them even as to practice or check trades ?

Understanding price action is way beyond making consistent profit. You can analyze multi pairs at a time to make best use of the entries on offer but we must think of the risk we are taking on so called cherry trades. There is no doubt that big players, banks and institutions manipulate traders as they can push the price in any direction but as a retail trader we must accept the fact that our trading activity should be limited considering the fact play a waiting game.

-As far as my trading is concerned, I usually don't trade too often as I don't have to but if there is a reward of 15-20 times of the risk and reaction don't let me wait for weeks for choppiness then I always put the foot on the paddle. Higher time frames does help but if even they are looking direction then I don't bother to look at daily activity.

-Forex trading is somewhat different in a way that it can move in a week from downtrend to uptrend but as we know market trends 30% of the time and we have to take decision that when we enter market trends should resume or keep moving the way it was earlier.

Daily time frame is good area to watch as I told.in my previous post. Price action does require fuel to trend and there are some late entries when targets are reached and happens stop hunting before  another big players resume the trend and this type of activity is usually done within a month.

What is Price Action ? Multiple time frames Top Down Analysis

 Its has been quite a dialema that what price action. Is it a self-emphasis trader's curse. Trading price action is something like analyzing top to middle level management and then the quality of the product itself telling the story.

Understanding top down analysis from reaction on timeframes 

Top to down analyzation is meant by looking at monthly chart to see who is in control and looking to weekly determines the strength of the recent moves and daily is very good for entry level and nothing below that I have ever traded nor recommended.

Daily time frames downtrend or uptrend is most of the times is temporary as 22 daily candles consists of one monthly candle and imagine a powerful uptrend or downtrend on daily finish as a dozi candle on monthly.

We make things complicated by day trading isn't we ? I hereby will help you understand the top to down trading analysis filtering the quality of trades that we must take.

As you see in the chart above,weekly trend is up. Several higher highs followed by fail to make a new low. Rejection at trendline tells us that price will probably look to pick up strength soon atleast on lower time frames.But still there has to be a reason to catch the reaction with entry which offers good reward. I still expect price to make a new high soon above 1.7600.

Lets look on lower time frame

Price reacted at support which is also the source of previous down move and it was also completely ignored in the upmove as we can expect weekly and monthly moves just use to ignore lower time frames orders and trading higher time frames use to wipe those whispaws from your trading. Take a look at the chart.

Decision & Price Action zones Understanding Institutional oder flow

Understanding price action zones to trade forex market is the most important thing. Price has to breach zones for pa to react as I mentioned in my last chart where I clearly stated that price can hold this area for further advance.

U.S employment data & price action opportunity with canadian dollar

We are approaching for october us employment data & perhaps the one to focus before next fed meet to raise the expectations of next fed rate hike. But I really don't put my focus on fundamentals as its always the charts which draw my attention. Recent choppiness has not provide any clear price action opportunity as price has been paused after big moves looking for market to respond and we can witness strong volatility when data will be released.

Price Action is looking reaction in Usd/cad cross.

I always look for recent trend strengths and see if there is cautious recovery is on proceed to look for opportunity to trade with the trend.  I have explore few charts ahead of the NFP reports and found usd/cad lovers looking for breach of important support of 1.2300 & then you can short on return it but it entirely depends on Pa how it approach the support but a classic trade opportunity is waiting to be traded.

Institutional Traders Left shoulder price action -How to trade Head & Shoulders pattern

As I've already mentioned that most of the price action patterns failed because all of are probably based on fibo ratios, trendlines or head & shoulders breakout patterns & that is why they all are prone to fail most of time. Failed failures patterns are best to try out sometime if we follow strong Drawdown rules and don't carry loosing trades too far.

But As I said there are few rules to trade every pattern exist and well worth practising.  In this brent oil chart price spent lots of time inside boundries and coming out of strong breakout and then price consolidate abouve that & once we saw this breakout a pattern build and this is how we can see market never lets you trade pending orders above breakouts.

After market breaks out something was left on the table and that was taking out stops of  retail traders and those who trade breakouts once again had to covered but market demand or orders was just below the pattern where I mark red rectangle and once first test was completed we need to notice if price could desperate to recover & that is what happened and market build another one and second entry was offered at test of the previous holding resistance.

I would update the chart as market has reached the pa zone again for oil as this could another move up if it hold and if we see market give it away easily then we can see this breakout could be target for shorts.

Stay tuned for updates.

Price Action Analysis for Gold Futures & Crude Oil

Price Action Analysis for U.S dollar, Gold Future & Crude Oil.

Its has been quite a while since I've updated the blog but the situations are sometime quite messy. Been busy with the schedule and recent site launching price action courses and Forex signal services free of cost for complete year.


Coming back to the updates. I didnt trade for  last six months but now I've taken or eyeing few positions & looking for price to enter those zone. Recent move of gbp/jpy has been astonishing as we've witness a 700 pips move down & 1300 pips move from there in no time. I would have caught one down as I see a bullish trap and clearing out buy orders and then bang it goes on the day of Probably August UK employment data & keep following after the release of Non-farm payrolls.

It is not easy to pick up rhythm righy away and see whatz happening but those who've spend time in market got glimpses of things to come and thatz why I always look for big boys always have their eyes on Gold & Crude Oil. Rally of Brent oil also has been inspiring as well with a false pullback around 52.55 oil.

Trading Australian Employment data -Price Action suggesting to short

Price Action in Australian dollar is quite rangebound as it can be expected due to high impact release of Australian employment data.

What will be hit first 0.8000 or 0.7962 and I would look for breach of 0.7962 to short at return to 0.8000 with stops around 0.8030 and targeting 0.7860 but it all depends on how price will react as hit of 0.8030 first will cancel trade opportunity.

Will post the complete update and chart after the release.

Euro bulls have not finished yet look to add more longs

Hello traders, Its quite a long time since I have updated the blog but recent assignments and training did not allow me to complete all tasks assigned.

But everything apart, Trader should never let his/her eyes let off a trade and thats being the most important point of concern and also the fact that there were not too many opportunities to help you all explain the PA.

I would update the blog again with euro and kiwi dollar nzd/usd offers fresh long oppprtunity.

Why rumours move the price of currencies and truth behind such moves.

Forex market always move with sentiment and that sentiment can depends on various factors happening globally, and there can be short term rumours on tops and bottoms and beleive me they do work only in the opposite directions once the storms settled.

I have seen few of those moments in recent time and huge gap in strong downtrend in Euro when first round of French election ends and results were to be published on Sunday whe Forex markets were close and we see few more spike following the start of new uptrend when price consolidates for months after "Brexit", vote last year in June 2016.

In those election momemts, nobody believe the majority but Forex market already was ready for shock as we already witness move from lows of 1.0490 to 1.0750, and till date Price has moved upto 8% in two weeks and the fact is beleiving the facts not rumours.

Few more things we need to know about the market that we must understand that price is random in nature and it has nothing to do with past and history, but logic and synchronize moves does help traders to sight setups that requires low risk.

Believing in patterns is the real mistake as every move is unique in nature

It might seems strange that as if every move is different and price react differently by pip and ratios but our mind has to be trained to view what is happening on charts rather than assuming what might happen if an area is breached, as move depends on action move and then reaction as series of events constiutes a movement

Things to do for novice forex traders Facts to know is the secret

Why Forex traders fail The truth behind success and failure

Everyone in this financial market looking to make profits and they work very hard to succeed and make a living out of it, but only few of them succeed. There are rise and fall in every trader's life and practice is the only way to learn skills and keep a record of facts that are repeatedly manipulated.

But wait ! does really we see repeatedly moves in forex market or any other financial market and those support and resistance, indicators, trendlines and fibos really work in forex market. My answer is 'no'! Reason being simple as we are trained to visualize only those things which are used to trap.

Believe me or not as big movers don't have any charts and they simply throw signals on chart to institutions to trap traders and do stop hunting.

Truth of Forex market is bitter than experienced

Its been 9 years of struggle for me till I found articles that really helped me lot and consistent help for 1 and half years, totally change the way I approach the forex market.

Interestingly, in the meanwhile search through tons of blogs that sells crap resources and still make millions and they dont bother what happens to traders using that material.

I myself used them a lot but directional bias was my big problem and even though I had good cherry pick trades once in a while and excitement to trade the same patterns was another reason for me falling for same trap but you will be shock to know that they still keeps the traders interested by couple of move favoring their lgging techniques but in the long run, they hardly let any easy money off the tables for retail traders.

Risk has again hit the market and drives safe heavens and riskier assets

Forex market is always driven with risk so we need to remain sundued and learn to stay on sidelines for a while and wait for opportunities to come again on our side.

Intersting fact is this which come as a surprise which is us dollar strong sell off which noone expect and as a result usd/jpy fall 4% in two days as euro also find bids on the last day of the week.

Market has still not come out of any conclusion and news from us and chinese data still be eyed for riskier assets.

Point to follow for price action traders here is what to expect from market at the start of the week when trading resume, so good signs are always seen when market ends the week on highs and lows and pound and euro did exactly that.

We can see accumulation in Dollar before trend resumes

So, for me I would like to see more accumulation on shorter time frames and see if there are enough space for low risk opportunities but even if trend is matured there would be more consolidation and stop hunting before price finally reverses, but chances are too low but market often hints before it start planning its next move.

Trade updates Kiwi and S&P 500

If you did

If you did not read my last post then you can read and have an idea about my trade recommendations. Take a look at the previous post trade recommendations
New zealand dollar is about to hit its first target and in that situation I will put my stops around 0.6920 and look for next target 0.7030 If price did reverse from here, then still it would be nice 25 pips profits. Stay update for another trade update.

Nzd dollar Price Action Update support and compression levels holding price up

Hi,

I am quite keen to let everyone update about the recent price Action setups and the one I found today is kiwi dollar or NZD/USD.

I am still bullish on the pair towards the move 0.7030 for the short term, but the problem we are having is to breach the 0.6950 area, and once it is breached as price has compressed to 0.6880 support and once this supply is engulfed we should look to buy the pair towards the retracement 0.6990 levels.

So, Entry should be like :--

Buy Limit 0.6890-95 level

Stops 0.6870

Target !@ 0.6970

Target2@ 0.7030

Technical analysis and trade opportunity of S&P 500 Futures

Hi,

I would like to make this post short and simple with pending order of S&P futures and possibly explain the reason why I took that trade in a day or two.

Set pending buy order around 2388

Set Stops around 2380

Target First 2410

Second 2418

Chart to help you understand why I took that trade

Price Action is wasted without Liquidity Gap and reaction

Hi Readers,

I have been quite busy recently in my other financial projects, so I did not post quite often but whenever I have time I do my best to post and update about recent price patterns and oppprtunities.

I would cover this topic in the next 30 days, and like you all to bookmark this page for every update that possibly will change the way you approach price action.


To be continued.....

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