alifari's Blog

Avatar

DAY 23 - PRICE ACTION TRADERS

Here are some important points to consider, if you are a Price Action Trader:
1) Preserving win rate at the expense of risk/reward is foolish and a sign of a lack of confidence.
2) Very rarely taking a full loss on your losing trades is not something to be proud about. It very likely means your initial Stop Loss was too wide.
3) Those who consider themselves price action trader. If you can't find multiple setups per week, even as a part time trader then you really can't call yourself a good p…
Read full story
Translate to English Show original
sonjatrader avatar

Very good recommendations!!

orto leave comments
Avatar

DAY 26 - PRICE ACTION AFTER FOMC

Price action remain choppy on majority of pairs as traders awaiting for FOMC Statement and Interest Rate Decision tomorrow.
While analysts expect no change in interest rate and dovish tone from FOMC mainly due to stagnant global growth and its to early to gauge effect of Brexit and how it would effect future growth in UK and other countries in Europe.
In times of risk aversion, US Dollar & Japanese Yen is mostly in demand, as such I would be looking to buy these currencies in near future.
Read full story
Translate to English Show original
orto leave comments
Avatar

DAY 12 - Price Action Trading

Over the years my trading have changed from using tons of indicators to absolutely no indicators. At present my analysis includes combination of support & resistance and supply & demand zones and observing price action at key areas.
In my opinion, price action trading is not just trading pinbars or engulfing patterns. Rather, it’s reading the sentiment of market participants, identifying areas of value, and trading along the path of least resistance. Moreover, there is no hard and fast rule and …
Read full story
Translate to English Show original
orto leave comments
Avatar

GBPJPY PRICE FORECAST FOR AUGUST 1ST 2014

GBPJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Daily Chart
2) H4 Chart
Price Target 171.50 for 1st August 2014

Read full story
Translate to English Show original
alifari avatar
alifari 29 July

Update 1: Daily supply zone at 175.00 held and price dropped about 200 pips. Expecting further downside on this pair before end of month and getting close to my target.

orto leave comments
Avatar

EURJPY PRICE FORECAST FOR AUGUST 1ST 2014

EURJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart
Price Target 136.50 for 1st August 2014

Read full story
Translate to English Show original
alifari avatar
alifari 29 July

Update 1: Price is following similar path as predicted. The 139.00 to 140.00 daily supply zone held and price dropped heavily from this zone and into daily demand zone at 136.50. Price is currently about 50 pips above my target.

orto leave comments
Avatar

AUDJPY PRICE FORECAST FOR AUGUST 1ST 2014

AUDJPY: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart
Price Target 91.50 for 1st August 2014

Read full story
Translate to English Show original
orto leave comments
Avatar

USDJPY PRICE FORECAST FOR AUGUST 1ST 2014

USDCAD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart
Price Target 103.00 for 1st August 2014

Read full story
Translate to English Show original
alifari avatar
alifari 29 July

Update 1: Since start of July USDJPY remain in 120 pips range. However, with FOMC news event before end of month expecting price to breakout of this range. Preferably to upside and towards my target.

alifari avatar
alifari 31 July

Update 2: As predicted price broke out of consolidation and daily resistance at 102.25 and hit 103.00 level. With just 1 day to go, expecting price to remain close to my target of 103.00

alifari avatar
alifari 1 Aug.

Update 3: This is one of my best prediction this month, as price finally closed about 3.9 pips below my target of 103.00.

orto leave comments
Avatar

USDCAD PRICE FORECAST FOR AUGUST 1ST 2014

USDCAD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart
Price Target 1.0800 for 1st August 2014

Read full story
Translate to English Show original
alifari avatar
alifari 29 July

Update 1: As expected 1.0650 demand zone held and price found lot of buying interest in this zone and price is currently about 180 pips up from this July low. Price is almost at my target at present.

orto leave comments
Avatar

USDCHF PRICE FORECAST FOR AUGUST 1ST 2014

USDCHF: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Weekly Chart
2) Daily Chart
Price Target 0.9000 for 1st August 2014

Read full story
Translate to English Show original
alifari avatar
alifari 29 July

Update 1: Since start of July we have seen lot of buying interest on this pair.0.8850 SR level held and price shot up around 200 pips. Price is currently about 40 pips above my target.

orto leave comments
Avatar

NZDUSD PRICE FORECAST FOR AUGUST 1ST 2014

NZDUSD: My technical analysis is based on Supply / Demand and Support / Resistance.
1) Monthly Chart
2) Weekly Chart
Price Target 0.8550 for 1st August 2014

Read full story
Translate to English Show original
alifari avatar
alifari 29 July

Update 1: As predicted we have seen a massive sell-off on NZDUSD from Monthly resistance. Price is currently about 40 pips below my target.

alifari avatar
alifari 31 July

Update 2: After massive sell-off this month, price is currently ranging between 0.8515 and 0.8660 since last 2 days. However, expecting some bullish price action tomorrow on this pair.

orto leave comments
More