Shifting the base

Hey guys,

I am now giving my analysis to a private group that traders a decent size fund. They have blogs in this http://priceactionreader.webs.com/ & trade calls are made free here... so do visit this blog & continue to follow me there.

Cheers

EURUSD

Yo Boys !

I got really busy schedules now a days. So regular updates is becoming little difficult, but got some time today so lets get into some trading. EURUSD is now into a several upside downside swing setup. You can see the chart & plan your action accordingly to get into this swing setup. Use your own entry techniqs to get into this swing play.

Cheers

Hey guys, basically just updating about my previous call on EURUSD, the pattern got little wider than my expectation but nothing really invalidated it. I traded that 1st swing to upside sucessfully & now I am shooting for 2nd swing to downside. In the process of establishing my longs I got burnt couple of times & lost  15-20 pips in two trade. But such small losses are well worth as the big winner in the process will pay for themselves. Well I have already got 60 pips from initial short swind, 60 pips from current long move & now hoping & shooting for another good no. of pips for short move. Catch you later for futher updates.

Cheers

 

EURUSD Intraday play

An intraday play setting up for EURUSD short. Eur is so bullish that only fools will short it at this moment. But the risk of only 10 odd pips makes it worth a try at this level. Risking about 10+ odd pips we will explore an opportunity of 60+ pips to downside. Saying that we are not at all gambling here guys, its very well exlored trade opportunity. Potential of bears level is what we are talking about here. 1.3560 handle belongs to bears, only PA of bullish momentum will disregard it. Risk is above 1.3575 handle, so watch this out carefully.....

Cheers


Edit : Post result commentary.... Got out with +20 pips in half lot & BE with another half lot. PA was very unpleasing & yet was able to cover 1:1 risk:reward on this trade.

 

GBPCAD

GBPCAD,

Feel lucky to have spotted this pair at the right moment.....Was roughly checking the charts before leaving my PC & saw this pair setting up wonderfully for up thrust...& got in & next minute was up by 50 pips, half lot have been secured & waiting for PA.... if price happens to retraces to my entry again then I will look to add again, but with cautious of PA....let PA tell you that the block will hold & then buy it.....

NZDUSD.... missed to post :(

Sorry guys,

This one is just for your view....cannot post this one in time for you all to take advantage off, as I was really running busy this entire week....But never the less, see it & get the feel of analysis which gave 60+ pips. Because in near future I may start to explain [post] what you should look for trading, means strategies.

USDCAD update

Well guys, welcome back....!!!

Its been a while since I have updated this blog, really life has kept me busy & happy. Hope you all had a great holidays. Lets begin with the update on my last blog...so where we stand in terms of our outlook in USDCAD...... HURRY! we are 100+ pips in profit.....well I covered that profit & now added new short to it. Really guys trade management is everything in trading. If you dont know when to enter & when to close then you cannot make a dime trading. It doesnt matter if your analysis is 100% correct. So keep taking profits where it makes you comfortable....I do the same....take profits from levels to levels & add new trade to that level.