isn't that happen too quickly, i mean just before around 40 days bitcoin prices pumped meteorically from 4200 to 4800 on a rumor of a fake news which was circulated as april fool joke that SEC approves Bitcoin's ETF, and weird thing is that no one panics even after this news was refute. recently we've also seen the tether fud which could have great impact on...
Support in the 20 and 100-day- moving averages and the 61% level of the Fibonacci, demonstrating so the beginning of the wave 3 (Elliott Waves) in the daily timeframe. The trend- Based Fib Extension show to us the $5.166,00 price level as our exit target, coinciding with the 200-day-moving average.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=133.55.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=133.35.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Risk:Reward = 8-12 times
AS PER THE WEEKLY CHART, THE EXCHANGE RATE MAY BE GOING TO THE VALUE OF 70.2-70.5 RANGE IN THE COMING DAYS.
IT HAS GOOD SUPPORT AT THESE LEVELS.
ONE MAY ENTER WITH TARGETS OF 71.3-71.5 AT THE ABOVE MENTIONED LEVELS.
DAY CHART HAS A "DOJI" SORT OF MOVEMENT ON FRIDAY. GO LONG, WHEN PRICE CLOSES ABOVE 71.1 FOR TARGETS OF 71.4. STOP LOSS MAY BE KEPT AS 70.8 (DAY...
Sharing for educational purpose to learners.
As per my idea of selling Asian Paint in the below linked ideas.
Took the position on 12 Sep.
Example of Professional Trading involving patience and precision.
Losses will come but profits will outshine them in the long run.
Raising Wedge Pattern Formed.
Analysis:There are 3 different Possibilities as below.
Buy above 203.9
can go For Longs
Targets are 204.9,206.25,207.5,211.45,212.1++
It may fall From CMP till 195.9 and due to support there can be PRZ From 195.9 to 205.05.
It may Fall From CMP till 186.85 in coming days.
The reason why I mentioned trade today is one should enjoy trading intraday.
Don't guess tomorrow - Price is a subset of EVENT/NEWS + VOLUME, so we are not certain about the News/Events that flows into markets.
So keep guessing about tomorrow disturbs our sleep and peace of mind.
If you are trading in F&O, World's renowned statistician Steidlmayer mentioned...
This current geo-political development (or crisis) will definitely make us look at our markets with different perspective. Till yesterday, we were assured that crude was in check (i.e. less than $60/barrel), rupee was recovering, FIIs might be now buying and even though fundamentals were not good, those were discounted in prices. And suddenly due to ARAMCO...
Nifty has been trading in a very small range on the daily chart and basically forming a contraction zone. This being an important support level, hopefully will not be breached.
However, the 2H chart suggests some down move as depicted and it provides a good risk reward ratio for the bears.
Will be looking for the short trade entry 2morow.
As I mentioned I'm Expecting a small or minor retracement towards 6330- 6290 level, I'll be a buyer on maruti and looking for the target of 6730 TG1 and 7000 level TG2. With a stop of 6200.
Currently chart patterns are looks good and nice flag pattern formation I have seen on the charts.
Support us by hittin Like , & few suggestions on Comment, & Pulish the...
This idea is dedicated to Late Shri Arun Jaitley- Ex, FM (Finance Minister).
If Index opens gap up – hold you long positions with 10795 as stop which was mentioned in status update on 23rd Aug 2019
Look for target 11025-11050 / Going above 11050 – Expect 11090-11120
Note – Do not hold your long positions in 11050-11100 zones
Winning trades and gaining profits in trading is not impossible, however having gross profits superior to gross losses is what make trading challenging, it is logical to think that it is better to open a position when the probability of winning the trade is high, such probability can’t be measured with accuracy but a lot of metrics have been proposed...
It's been a long time coming, but here is a versatile vline() function applicable to PSv4.0+ utilizing line.new(). I decided to finally figure this out at the request of another member recently. I have been waiting myself for months, but it's now time for an idea who's time has come to unleash upon planet Pine Script. It's a handy little function I believe will be...
Example how to automatically set the date range window to be backtested from X days or weeks ago to present. Additional options are also included to manually set the date range or to show entire range available.
Normally when you change chart period it changes the number of days being backtested, which means as you increase the chart period (for example from 5min...
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial...
Query : I am trying to be a perfect trader, but my efforts are making me more depressed. How to handle it?
No trader can get profit in all trades. How you handle loss is important for your growth. Whenever I get loss I check whether I followed rules with discipline, then I learnt a new trading concept when I was a newbie trader. So at the end of the day, even...
Its gaining popularity as a Value based trading method and people are considering it as a Next generation trading tool.
You know it's largely kept secret by elite groups. Because this can help you understand the Price acceptance and rejection zone.
Certainly more reliable than traditional technical trading methods.
Understanding value area high and value area...