Saturday, January 18, 2020

How I mark supply and demand zones as best trading Zones on a Forex Chart

Forex supply and demand zones I always use to find trade locations first and then I mark the areas which can be traded. By this, I means that whenever a level is breached and that area is of high impact zone, then I usually watch the approach to that zone. Usually price usually spend time to the high order area, which is also know as price Action zone, but when these levels are usually ignored or there are short term bounces, I always marked these type of zones & then I watch the approach to that level.

Price Action zone as support and resistance in Forex or future trading

I always use to trade supply and demand in Forex and Future trading because there is never too much sideways price as there is demand and supply always there on a Currency and commodity chart. Recent Examples are of Eur & Aussie Chart which is quite rare, that you get entries on two chart on a same day. But this has happens once in a while and reward was as good as 10 times specially in Euro Chart.

Synchronization of engulf and retest zones is the concept you need to used in Forex


Best thing I love about Forex and commodity trading is that there are strong engulfs and retest of the zone, leaving some areas to be retest after ignoring. When an area is engulfed and retest, then we should look for the areas above or below which has strong moves and looking for fakeouts around that zone or MPL level. Euro chart is so neat and clear above that tell us the reason, why you should jump into the trade without being thinking twice. Risk was calculated but rewards is around the area of 1.1020 area, I wish that would be reached soon next week.

Best thing when you trade Forex Chart, is the bearish price action which has to be strong before testing any QM zone or even MPL level, which is why I suppose to take the trade and I often don't take two trades at a time, but this price action forces me to take the trade and take profits at 1.1090 zone & Now I'm trailing another entry around 1.1135 to check the test of strong zone around 1.1020, If you're presented with an opportunity to retest the 1.1125 area, then I would open another entry with 8 pips stops & look to take profits around 1.1020 area.
Chart will be updated again next to see if we manage to bag the big move from 1.1172 & If and when this happen, then this trade would be of highest risk reward in last three months, because stops were around 1.1182 area & initial target is still 1.1020 area.
Stay tune for more
Raat chanda ki rahi ya phir sitaron ki... Koi Aankho se kahein to koi Tarano se....

Monday, November 18, 2019

Pounding stalling ahead of 1.3020 area, looking for shorts to trigger around 1.3040

Top down analysis in pound I have decide to let you know how to trade top down analysis from higher time frames to lower time frames.

We all have seen pound is looking for resistance around 1.3010 area, & I think this area is going to hold ahead of vote count & any pressure on this area will trigger shorts soon & that is no longer away from as we are already seen breach of 1.2950 area.

Trade plan to trade pound

My trade plan would be limit around 1.3040. I would put a sell limit around 1.3040 area & would put my stops just above 1.3080 area & look to target 1.2710 & 1.2550 respectively.


Pound is showing headwinds followed by strong momentum from lows but as we have seen news about brexit giving pounds strong bullish momentum , but that news is already fading and we can see no buying interest ahead of 1.3020 area, so I've seen strong momentum break through 1.3050 area and now price flagging the area already as we have seen strong bullish breakout is much awaited but that breakout could or should turn out to be just a Fakeout (FO)

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