alifari's Blog

Avatar

NZDUSD BULLISH PRICE ACTION

Since markets opened after new year we have seen overall USD strength against majority of pairs with Euro, GBP, JPY all losing ground against USD. However, the price action was completely opposite on NZDUSD with an almost 200 pips bullish move.
In my view this move is purely based on fundamentals, as some recent reports suggest that New Zealand is likely to raise interest rates this year. Moreover, the Reserve Bank also laid out a plan to bring rates from the record low of 2.5% to 4.75% by the f
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

Today's Price Action

Despite no major news even today, we have seen whipsaw price action on lots of forex pairs taking out stop loss on both sides, which is very common practice amongst smart money in time of low liquidity, as it is easier for them to create volatile price action, as the quantity of orders on the opposite side is thin, hence it is an ideal situation to create such volatile price movement.
Many retail traders would be looking at price chart now and would be upset and thinking, as to how they missed t
Ler história completa
Traduzir para Inglês Mostrar original
agddivisas avatar

"Day's like these test the patience and discipline of a trader" ... very real!!!

alifari avatar
alifari 29 Dez

One thing traders tend to forget is that markets will be there tomorrow and day after and after and there are going to by lot of opportunities too, so if you miss a move don't bang your head and get upset and take a crap setup just because you don't want to be in the market.

oudeixar comentários
Avatar

How to think like a Price Action Trader

Since market volatility is very thin, I thought there is no point in looking at charts and trying to find trade opportunities in a trade a 30 pip daily range. So I did some reading and here are some interesting points which could be helpful for price action traders :
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 SL was
Ler história completa
Traduzir para Inglês Mostrar original
Daytrader21 avatar

It is always good to remember some valuable advice, you are never to old to learn new tricks in this game, but the most valuable advice is: Cut your losses short and let your winner run.

alifari avatar
alifari 26 Dez

"Cut your losses short and let your winner run". I agree but the fact is it is the most easiest thing to say in trading, but most difficult one to implement.

geula4x avatar
geula4x 26 Dez

+1 Liked: Nice post with very interesting ideas! Thanks for sharing and happy trading :-)

oudeixar comentários
Avatar

Today's Price Action on EURUSD and GBPUSD

Yesterday’s taper announcement by the Fed was no doubt a significant change of course in US monetary policy and should in the long run prove positive for the dollar, assuming US growth remains on track. However, but maintaining a resolutely dovish bias towards rates and by stressing their concern over disinflation, the Fed muted the impact of their actions on the FX market and limited the downside in EUR/USD and GBP/USD for the time being.
Moreover, we have seen muted price reaction on USD pair…
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

REVIEW OF EURUSD PRICE ACTION

As expected price reacted at Weekly Supply Zone at 1.3420 - 1.3500 and thereafter had a sharp fall straight to my predicted target of 1.2750.However, price was instantly reversed and is currently sitting at 1.3200 zone. I am not expecting price to hit my target by 1st August 2013 instead I am expecting an up move into 1.3300 to 1.3350 zone which is a Daily S/R flip zone and fresh supply zone. Once price hit this level than I am expecting some bearish price action.
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

REVIEW OF GBPUSD PRICE ACTION

Price is currently at my target of 1.5335. However, in next few days, I am expecting continuation of bullish price action and price might test ignored weekly supply zone at 1.5500 before heading down to 1.5300 area.
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

REVIEW OF AUDUSD PRICE ACTION

As expected price reacted at Monthly Demand Zone at 0.9050 - 0.9000 and currently consolidating between 0.9000 and 0.9300. I am expecting bullish price action in next few days and hopefully reaching my target of 0.9350 before 1st August 2013. Moreover, current price action suggest price is aiming to hit daily supply zone at 0.9500 to 0.9550 in next couple of weeks.
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários