Blog is about Forex Trading for beginners. . Build forex trading strategies and make a living with Forex Trading.supply and demand price action, supply and demand zones, Price Action Techniques & learn to trade like banks and institutions
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.
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
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
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!
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)
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
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
