1. On the 9th of October 2020, What you saw in BNF could have earned 1800 points without my help. You just had to follow religiously my marked levels and taken out condition with price movements. That I will show in the latter part of this blog. As usual, I will prove my last blog's conditions to you. Let's checkpoint no. 1. of trade plan section is quoting as proof, what you saw in the previous fortnight had already been manifested meticulously " I made a pink color resistance line if it is taken out in both time frames then you will see a small up move. And the price would come below the pink line. Technically 27 will act as support the first time and will provide a weak bounce". Here you can notice, I talked about taking out the condition for the pink line to go upside means till this condition gets activated one should not go long. See I marked two attempts of price crossed pink line but could not activate price condition in both time frames circled in the green circle. The first circle is showing a pattern and the second circle . A white circle showing a big candle breached this pink line in the third attempt, I mark to use this candle as a stop loss for long. When price fulfilled taken out condition this time did not stop giving you 900 points trade by making . circled in yellow. I did not give an upside target of where to book profit. In condition, I talked about bounce and told you that price will come back to 27ema same happened after 900 points it took support on the same. As many of you have been following me for the last six months and quite familiar with how to see resistance and support.
2. Now come to the second trade, both trades I marked in green arrows. See second trade the pink line one taken out means will act as support with the logic of change of polarity principle. See carefully a is made on this and the next day tested this support, here one needs to go long. And see results again 900 points. This is how one could take a total of 1800 points in two weeks just follow my marking with taken-out conditions. Many messages I get on a regular basis where trades write by following my marking on charts and following religiously earned a lot and recovered their losses from time to time I share in the group. Though I took a break from trading for 15 days, I had already manifested the whole analysis for you in advance. One need to make trust in my analysis with basic knowledge of the market can earn a lot of money. Never ever trade without stop loss.
3. In point no.3 I wrote clearly that the market will remain range-bound between two given limits. "I feel the price will remain range-bound between the upper and lower limit." You can see the pink line was the upper limit and price could not cross one complete week and price remained range-bound. Again I take your attention to the same point What I manifested you saw in terms of price movement. Ask yourself How many chartists you saw in your life who can manifest the whole advance 15 days so accurately without knowing how the news will flow in these days. That is the power of correct analysis. For your easy comparison of the previous moves with the current setting chart for you,
Trade plan for next week.
1. In the current fig I marked one red line upside If this is taken out in the next session in both time frames then this downtrend will convert into the upside But always use Fridays low to stop loss even if the takeout condition gets activated upside.
2. On the contrary, if the taken-out condition does not activate then get ready to see fall. and the target I will not share find yourself. I gave you two points and marked everything on the chart. this is your trade for next week, Those who would follow my analysis, definitely they will earn a lot. For new readers writing about taken out condition how you have to implement. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
today you haven given amazing info regarding taken out conditions , previous day low and high importance and once breaks any side price needs to spend some time in the same direction
for the trend to continue after these coaching today i am so much confident and bought futurers after 10:15 long legged doji engulfued by 11:15 bullish candle with 3 lots and booked exactly 250 points amazing trade today.. This is my first big profit and increased lot size.. Your teaching made this...
Thanks is not enough for you..
Anyways will not post anything going forward. Lesson learnt.
Even Gods were criticised in our Puranas. So we are mortal beings. For every ONE critic you have several followers who admire you. Dont worry about critics.
God has blessed you already and will keep blessing you for selfless service. Sometimes it is frustrating when we cannot understand your language. IT is true. But its not your fault. We need to learn your language to understand what you mean. So accept our gratitude and forgive the few who are not grateful.
Thanks a ton for your selfless service.
Right now, studying the books you had shared.
I'm hoping and positive that One fine day I'll start making profit ( incurred huge losses by my own mistakes and following tips without prior knowledge). I will post my analysis here to others as you suggest to help the community.......