Short term Trade Idea & GUide to Scalping with good Risk Reward

How to scalp currencies and make a living with day trading

It has been quite a while since I’ve updated the blog but the situation requires me to wait for war to finish and lot of things happening around like ‘Brexit, China-U.S trade war, Euro zone bank decision etc. So, I decided to wait on sidelines after trading usd/chf last week. It was one hell of a trade which fetch very good risk reward and trade was spot on after there was news that turn the market on its heels, when Trump warn China that if there is a deal, then this is the time and again opposing 10% tariff on $300 billion of goods & market react shockingly specially USD bears & crude oil & all other commodities.

That seems to be a order of the day with such rumors coming out of every corner & market react and collapse in one trading session & recovers in other. So, we are now not relying on economies but on one economy and truth is one INdividual .

Lets talk about chart. My chart of the DAy is Aus/Usd

Price has left so many clues around. IT will collapse once again around 0.6870-90 area. I would post chart and video once again when ready and will explain it one by one that why I take decisions based on my values not based on how market react to news. Price will rise and fall and then again rise and rise but we need to look out for areas where we can stop and reverse the trade. I’m a prolific seller & hardly buy in the market except when I’m given an opportunity with low risk swaping zone to buy with a good trend otherwise 90% of the time I’m handling my trading with sell trades.

More on that on coming weeks and months as I’have decided to kick on and start updating the blog on regular basis and look to help everyone the best way I can.

Related Posts

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

Forex head & shoulder patterns > As I’ve already mentioned that most of the price action patterns failed because all of are probably based on fibo ratios,…

Understanding price action means collecting pieces of puzzles to fit them into the overall context l Forex trading without indicators

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…

Bitcoin Price Prediction and cryptocurrency news that will drive the price of Bitcoin

Bitcoin Price Prediction I would like to alert my Blog readers about the advancement in price of bitcoin. Bitcoin is always in news & U.S is planning…

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…

Time to Revive the Forex Education Stop hunting process

Forex Price Action with Stop hunting process As all of you know that Forex is a place where there are enough orders to execute the facilitation &…

Is this market really fundamentally driven ?

I’ve seen market takes turn based on what big players are focusing. Federation and Trump & OPEC, people with big guns turns the market at will. How…

Leave a Reply

Your email address will not be published. Required fields are marked *