Markets decoded!

After years of research, sleepless nights and tons of screen time just viewing the market structures, finally I m able create my own profitable trading system. I sincerely believe, I have created something special and so I have decided to start this thread to test myself and this strategy to the fullest. I would like to thank all the mentors and well wishers who helped me get this far but before naming them, I would like to prove myself and my system first.

So, from 12th September,2016 (Monday), I will be posting charts with entries and stops respectively.For now, two other vital parts of trading will be overlooked i.e. Money management and psychology as for now we are testing our edge in the demo account. My analysis is based solely on Price Action and the structure of the markets. I m primarily a Swing Trader but do prefer scalping from time to time.

Lets see where it goes from here.

All the best

Subscribed.. will watch this closely.. good luck Ashutosh

Thank You

Thx bro

Now as stated before, from today, I will be positing charts and testing my strategy to the fullest... I sincerely believe simple trading is the best way to move forward so from right now on, I will be positing charts with my simple strategy... More to follow

Its really easy to trade when we specify what to look for or not to look while trading... First of all, here goes the chart of XAU/USD (Gold). Gold is one of my favorite instrument to trade as it offers huge volatility and PA tends to be smooth.

It's fascinating to see the structure in which the markets moves... Market always moves symmetrically and I always start by analyzing Higher TF like Monthly and weekly to daily and 12H.... If we are able to identify one specific signal in a higher TF then its simply a domino effect from there on.

In the context of Gold, simply stating, its a downward move for the moment and unless price close above $1233-34 level, I m not even thinking of buying this market.... So, does that mean it is time to sell? No... I m biased towards sell at the moment but I need some more conformation so its a waiting game for the moment....

Charts attached:

Regarding WTI Crude Oil, all signals are pointing down as well, but after analyzing charts, feel like there's some support in the region 44.40- 44.70..... so unless its breached down this level, not taking any positions...

Regarding EUR/USD, it just bounced off the support zone and have taken buy @ 1.12491... lets see

AUD/USD

EUR/GBP buy position taken.... Ignoring correlating pairs and positions... Just checking the signals created by the system....

USD/JPY 4H Trade

Two trades closed for a small loss i.e Eur/USD and Eur/GBP

Gold Shorted!

Regarding yesterday's remaining trade of Gold and USD/JPY, Closed out Gold for a small loss and USD/JPY for a small profit.....

Now lets review yesterday's trading before moving forward. My first chart was about how Gold was in between Support and Resistance and needed to close pass one of them before signal became clearer. Yesterday before any bar being closed out , I impatiently took sell and got burned. Anyways analysis was correct and its still in the range so from next time learn from this mistake.

Second one was WTI Oil. From analysis predicted it to find support at around 44.30 - 44.70 and it did bounced back from exact 44.70. That's great. Keep it up. No position was taken so nothing more to comment upon.

Third one EUR/USD.... Its funny because looking back at it now, it still is respecting my support line. Before taking buy yesterday, I though I would play it as a swing trade meaning giving it enough room and not moving my stops but but but again psychology played it parts and from no where I closed it out just looking at lower TF. It shows, one must be fully prepared and control emotions while trading... Anyways from today, I will make this right.

And finally AUD/USD, yes it did bounced back from my intended level and analysis was great....

Summery: Each and every analysis I performed yesterday morning turned out to be valid this morning! But looking at my trades , its 3 loss and 1 profit from overall 4 trades! This goes to show I need to fix my trade management and psychology then anything else.... I now understand the power of keeping Journal and it shows the thing one is missing. And I think, yesterday I was too excited and though I would easily take profits from this system without giving any attention to my psychology.....

From today, I will post analysis with specifically mentioning whether its a Swing trading or scalping and will monitor my psychology as market moves regarding to my trade.

First trade of the day USD/JPY... Its a scalp trade for now but seems like it can turn to a swing trade as Double bottom is forming in the daily chart... lets see

Update about yesterday's only trade.... Due to some pending work, was unable to take more trades and in the process missed some great trades.... Anyways yesterday only one trade was taken and its going well and have moved stop loss to break even this morning .....

New Position of USD/CHF

Interesting. I would never go into BUY on the last4 bars. There is a red Bearish pin, price rejected pivot zone at the level you entered. Then you have 12h inside bar. If playing inside bar you play it a few pips above or below the inside bar, being very careful for false brake. I don't want to sound negative, but... Good luck!