CHA$E CAPITAL

  Hello and happy weekend traders, I hope you're all doing great and enjoying your weekend from the hustle of analysis during the busy week. As you enjoy your weekend, here are some nuggets to think about concerning our psychology as traders in relation to the mind, one's higher self and forex. Trading forex is more of a mental and emotional game than it is a physical game. Most traders focus on the technical and fundamental analysis and neglect the psychological aspect which is very important. One's ability to perform technical analysis may be good but the psychological and emotional aspect may be missing hence leading to unprofitable results even when presented with profitable setups. This reaction is usually linked to previous losses and holding on to the emotional pain caused by losses in the markets that one should instead convert into lessons to learn from positively rather than giving negative energy towards them as losses are part of the business and how to handle t...

  Good morning traders, it's another day in the markets as this week has started off right with the EURJPY shorts that have been banging since Monday. Into the charts today I'm looking at USDZAR where price rallied into a key H1 & H4 supply zone at 17.72061 & 17.58050 which is the origin of the previous drop to the H4 demand zone at 16.79439 & 16.69594. Price has filled the H1 & H4 range from the key H1 & H4 supply zone at 17.2061 & 17.58050 to the H4 demand and back to the key H1 & H4 supply zone. Price rallied into supply and formed a rejection wick with candle close inside supply followed by a strong drop away from supply to the 1st H1 low at 17.45830. Price retraced to retest supply at 17.58050 before a continuation of the drop. Took sell positions during London session at 17.58050 with SL at 17.68000. Setup taken is a rally base drop, a reversal setup and my target is at the H4 low at 16.98450. Price faked out a drop and failed to break the H1 l...

Hello traders and welcome to another Monday, the start of a new week in the markets with fresh opportunities to kick it this week. I hope you all had a good weekend and you're ready to tackle the markets. Into the markets this week, I'm looking at EURJPY where market opened this week with price inside a key H1 & H4 supply zone at 142.655 & 142.122 which is the origin of the previous drop to the H4 demand at 138.256 & 137.510. Price has filled the H1 & H4 range from the key H1 & H4 supply to the H4 demand and back to the key H1 & H4 supply zone. Price gapped into the zone then rallied and formed a rejection wick on H4 with candle close inside supply followed by a strong H4 bearish candle to 142.122 showing a potential reversal. Price activated my pending sell limit orders during Asian session at 142.700 with SL at 143.050. Setup taken is a rally base drop, a reversal setup. Price dropped in 4 strong H1 bearish candles to 142.122 confirming the bearish rev...

Good morning traders, this has been quite a week with highly volatile fundamental news releases that are causing a lot of volatility in the markets so trade cautiously.   Into the markets today I'm looking at GBPUSD where price rallied back into the key H1 & H4 supply zone at 1.24326 & 1.23933 which is the origin of the previous drop to the H1 & H4 low at 1.22660. Price has filled the H1 & H4 range from the key H1 & H4 supply zone to the H1 & H4 low and back to the key H1 & H4 supply zone. Price rallied to supply and formed rejection wicks with candle close below supply. Took sell positions during London session at 1.23951 with SL at 1.24200. Setup taken is a rally base drop, a reversal setup and my target is at the H4 demand zone at 1.21315 & 1.20943. Price strongly dropped away from supply in 4 strong H1 bearish candles to 1.23200 confirming the bearish sentiment and still showing more bearish potential as I await the BOE monetary policy news today...

  Good evening traders, January is the 1st month of the financial year and 1st month of the economic quarter hence being crucial as it helps set the tone for financial year. As the year started, the markets opened on 3rd January and each day has been an opportunity to either take trades, hold and manage trades or simply sit out and observe the charts for a potential opportunity in the future. A review into my January I've taken 17 trades this month and the most traded pairs have been GBPUSD, GBPJPY, EURJPY, NASDAQ, USDCAD, NZDCAD and EURCAD. The largest win I took was GBPJPY with 480 pips in one trade and the largest loss I took was EURCAD -35 pips in a trade. In total I took 17 trades in January and out of all of them, I had 13 wins, 3 losses and 1 breakeven which is quite a good way to start the year and the details of all the trades I took are here in this blog. That gives me the fuel to start the year right and also to realize there's more room for improvement to become a b...

Good evening traders, I'm looking into GBPUSD where market opened this week with price inside the key H1 & H4 supply zone at 1.24316 & 1.23954 which is the origin of the previous drop to the H4 demand zone at 1.21315 & 1.20881 and the major H4 & daily demand zone at 1.18529 & 1.17548. Price filled the major H1 & H4 range from the key H1 & H4 supply zone to the H4 demand zone and back to the key H1 & H4 supply zone. Price formed rejection wicks on H1 & H4 with candle closes below supply. Took sell positions during pre-London session at 1.23940 with SL at 1.24240. Setup taken is a rally base drop, a reversal setup and my target is at the H4 demand zone at 1.21315 & 1.20881. Price faked out a rally deep into supply and formed a strong H1 bearish engulfing candle with candle close below supply hence forming a rejection wick on H4 followed by a drop away from supply. Price gained more bearish momentum during NY session dropping 50 pips to the 1st ...

Good morning traders, it's another Monday, the start of a new week in the financial markets and that means new opportunities. I'm looking at NAS100 where market opened this week with price inside a major H1 & H4 supply zone at 12162.40 & 12034.89 which is the origin of the previous drop to the minor H4 demand zone at 11604.23 & 11505.36 and the major H4 & daily demand zone at 10828.52 & 10677.46. Price rallied into the major H1 & H4 supply and formed a strong rejection wick on H4 with candle close inside supply followed by a slight drop. Took sell positions during pre-London session at 12106.60 with SL at 12230.05 and pending sell limit orders at 12162.40. Setup taken is a rally base drop, a reversal setup and my target is at the H4 demand zone at 11604.23 & 11505.36.