Wednesday, September 14, 2016

Forex trading strategies- Education portion and analysis of us dollar

Forex strategies ways to find imbalance on a currency chart

In this chart I have explained what is risk reward and what is potential fakeout and complete understanding of the chart and you don't need to wait daily for such setups as they are properly planned and you just need to understand the logic and then react.

Please do check the video series of my channel and I would every effort to daily update everyone about trades and potential opportunities. Do like and subscribe my youtube channel

Tuesday, September 13, 2016

Qualities of a Forex trader - Timing Reward and good money management

Forex strategies ways to find imbalance on a currency chart

Hi traders,

I had few weeks off and again here to update the blog with the best of the services I can offer. Today, I am here to discuss with you the qualities of a traders which you or me all need to work and It could be really daunting task to change the habbits but once You are good at doing what professional traders do, You don't had to follow the instructions from anybody else.

Forex trading is rewarding but facts we all must know

There is no denying the fact that trading is rewarding and that is why lot of institutions organizations are putting lot of efforts daily to facilitate trading and take their part and they don't care what others win or lost and that is the best quality a trader can have. You should never look for what you put at stake or what others are doing and you should know what your strengths are and should always look to act when needed.

Risk Reward in Trading is the best thing a trader can work and if you are strong in getting high rewarding setups, and look for the low risk opportunities and have patience to watch out for such setups, then that it is the best thing we can do. A setup below really explains it all for a trader and such setups are rewarding when there is complete understanding of price action and you have such strong Risk Rewards and I always like 10 times or more reward and that setup certainly had the potential.

U.S dollar futures looking for direction

Its quite a while since we have seen rallies from dollar index and its counterpart Euro and reason being the dovish Fed and key data awaited and no hikes in recent months after the first hike in December last year, But I think its just a matter of time when Dollar future will find direction and when It rallies it would be the strongest in the recent weeks and months. I have a trading plan to trade dollar Index and Gold Futures and I will keep the blog updated from time to time or when the opportunity arrives and that will help you to find low risk high rewarding setups.

Chart

Gold and Silver Looking for breakouts up or down Key level for Gold Future 1300

Price has been trading in range from 1300 to 1380 for quite a while and I am still expecting that support to hold the price for a move towards 1340-55 area from where we could see another rally downwards from the Gold and there are no global clues of improvement and signs of growing global economies and economies like China, Australia biggest importer of gold are struggling from growth and hence banks are looking for tightening and it really needs a lot when they start expanding their balance sheet or we can see this type of reaction till the U.S election but I am expecting the ranges might be over in a week or so when we enter the last quarter of the year and that for me is always the most volatile quarter of all the year's trading activity.

Trading signals or recommending trade opportunities for the week 12th september 2016

Saturday, August 27, 2016

Time to know about potential fakeouts l gbp/usd overview for the week 28th August 2016

Forex strategies ways to find imbalance on a currency chart

Trading has been quite choppy during last but as chart speaks to you and there was no institutional and Banks involvement was seen and hence we don't seen price move strongly in one direction. Up and down both sides price found support and found sellers at the top. I really found a chart of gbp/usd, which I found of my liking and I think it will be better off to share.

Price Pattern to trade Potential fakeouts

If you take a look at the chart you will find reason there was strong rejection of the particular area on the top marked with blue rectangle and when price bounced of the lows this area hold the price for three consecutive rallies and then finally we see a break of the area and then price retreat of these levels and It was quite evident that we will see some reaction when this area will be again test and hence price found resistance again.

Friday rally was very low risk and Now I expect price to find support between 1.3120 and 1.3040 area, and rally again to 1.3280 for a test and this time If it got rejected we will set pending sell limit orders around those levels for another rally towards 1.2950 area, but IF price could not found support then we won't bother to look at this potential fakeout.

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