Folks, Now we are seeing price bumping along the lines as previously explained. Buyers had not fully taken control yet - quite nearly but not yet. This Thursday is ECB rates announcement but the bigger one should be the FED dot plot next Tuesday. When you start trading/gambling with Forex, it is quite important to take note of some already established FACTS from...
Folks, Buyers has been very aggressive indeed. There are 2 resistance line on the way up. They managed to push through 1. As of now, they have been trying to overcome the last RESISTANCE line. If they succeed, they will be in CONTROL. P/S : Do not just believe what I say. Use your common sense.
Folks, Final part which is self explanatory whenever trading short term. Knowing when to stop is important - AB = CD. Thanks. P/S : Do not just believe what I say. Use your common sense.
Folks, I know that many of you guys love trading short term which is much more risky due to price fluctuations. Anyway, just be extra careful. You need Volume and Price Action to be your GUIDE. Always have DOUBLE CONFIRMATION in your approach. You just got to wait until the price structure is complete. Take your time. There is no need to hurry. Being impatient...
Folks, There is no short cut to trading. We have got to learn to see the BIG and SMALL picture. There are actually only 2 things to focus, which can be categorized into LONG and SHORT TERM. In the LONGER term, only 3 things make a difference. They are 1.GDP and 2. INFLATION . 1 + 2 = 3. FFR . The war in Ukraine is not of consequence. Understanding this not...
Hi friends, It feels great to write to you again. Recently, things have been very volatile. It is in such situation that we know if our trading ideas work. After going through the last 2 months, I would say what I have shared in the past to hold true. I have learned a few more things that I would like to share with you in the hope that you may find it useful in...
Hi followers, Since the Ukraine crisis on 24 Feb 2022, things are quite volatile. The current MSM suggest that USD will continue to rise. At such time, we must be extra careful. Price movement is based on how AGGRESIVE the buyers/sellers are. Almost all the time, price will move UP when there are more buyers and DOWN when there are more sellers. Since 1 April,...
The question is, When will the crisis in Ukraine end?
Hi followers, Recent events have been quite interesting. Many of you would be asking what the future holds. If you follow mainstream, you would be told that the war in Ukraine is to be blamed. People are rushing to dollar safety. Do any of you actually believe the news? Do any of you really believe the fake gurus - the ones who make you believe that they can...
Dear followers, Using VP itself is a good way of identifying area where price might react. Then you add in the area where the market deems to be the Demand & Supply zone based on past experiences. This would make your analysis stronger. Finally, you may add in AB=CD. As you can see, there is a strange way in which price behave especially when it is moving...
Dear followers, Probably at this stage, you would want to ask one question. Does it work? Well, I think that should be fairly easy to answer. Just look at the facts - results. As I have said before, in this business, you must constantly seek out what works. When you find out what can work, then practice it constantly to hone your skills. You will know that you...
HI traders, The picture looks nice and says it all. I do not have to add anymore words to it. Lets continue to track this especially when US CPI is going to be released today. Happy trading. P/S : As usual do not not just believe what I say. Use your own common sense. :)
Hi traders, Just something to ponder about. $30T is $7T more than last years GDP $30T is more than the combined GDP of China + Japan + Germany $30T is more than 26x the combined GDP of the 46 least develop countries $30T divided by 330m population means $90,000 per person If the debt reach $35T, then you can stack up enough S10 notes to reach the moon 1%...
Dear traders, Price is now trading horizontally and is supported by the Demand Zone. A time goes by, we can see things better. The question on all our minds would be if price would continue on its way up or fall again like in the previous occasion. A lot of people may be expecting a 'double top' to take place. If we look at the price action, things may not be...
Hi traders, This is my 13th posting. Today, I am going to talk about something I find to be very useful. If you are here for the first time, please take some time to read all the preceding ideas. If you do not read the previous ideas, then you might not appreciate the flow. Remember. Only 20% of traders manage to make money from trading forex. Traders are those...
Dear traders, The real deal since 12/2021 is still the EURODOLLAR futures getting inverted sometime in first week of December 2021. This itself has put a stop to the uninterrupted rise of the dollar. EURUSD went into a prolong horizontal channel until a breakout to the top on 12 Jan 2022. Yes, you may say that the FED is accelerating tapering and will hike rates...
Hi traders, I hope you catch good profit from the drop yesterday when price broke the Support. There is no need to be emotional/nervous. Just trade with the facts. Now we are all wondering what had happened and what is next. As you can see, price is revisiting the POC and a corresponding strong Demand Zone. This is a normal occurrence which means that the market...
Hi traders, If you are here for the first time, please take some time to read all the preceding ideas. If you do not read the previous ideas, then you might not appreciate the flow. At the moment, Bulls and Bears are fighting it out to gain control. We must watch things closely to gather clues/facts as to the potential outcome. Our trades depend on our findings....