TODAY BNF WAS STRONG AS COMPARED TO NIFTY SEE WHY ?
Hi Traders,
1. On the 5th of July 2020, I posted trading information regarding BNF in trading plan point no. 1, I mentioned is quoting for your consideration " As far as the structure is negative which is going to no direction zone already discussed above. So I will wait to go in trade any sides till I get clarity on moves. I made one pink line to move up this line is to be taken out in 15 min time frame then being aggressive trader I will see buy set upon a lower time frame of 5 min and will take long with strict stop loss. But long side confirmation will be seen when the 1hr condition validates it." You can see the next-day market opened gap up fulfilling the condition of 15 min time frame but not 1 hour. You can see the whole day trading 1 hr condition was not activated and the price came down. How the pink line acted as support and today gave a good rally. New followers can not imagine this sort of accuracy in trading but my old followers have you ever thought when I make any support or resistance why price exactly follows my structures and conditions. why I made pink one at that level which is reactive why not up and down. Though I am busy nowadays and do not post regularly still manifestation guide you for profitable trades. In many previous posts, I wrote My slogan That BASIC KNOWLEDGE " + MY ANALYSIS = PROFIT " That one of my followers proved not following my instruction whereas one who followed earned today. First, see the comment of one who wrote for all of you.
"ChipsK
2 hours ago
Today I lost, I took short after finish off 12 pm candle. Considering the resistance level. But there was a huge white candle formed immediately and I booked my position with 200 point loss.
The mistake I did was there was a clear hammer formed and the price was going up. But I anticipated the price will not breach the resistance and did not wait for reversal sign or candle to finish. A lesson hard-learned..."
He is taking short at 12 pm candle near the pink line where a hammer candle was formed which I circled in white showing how pink line is working still he shorted and got trapped. He did not follow my condition and went into loss. On the other side one who followed earned money. "
wadhwaamit4
2 hours ago
@yvatsji , Sir, Are we heading toward Green dotted line today for BNF? I am holding a long position after Blue solid line was taken out." This was his first msg when he took the position of the long side and then exit msg where he talks of taking this entry after fulfilling the condition. wadhwaamit4
an hour ago
@yvatsji, I exited the position and made a 4.5k profit. I was expecting target will achieve today but momentum was not there. Thank you, sir. Fear free trade once condition fulfilled". That is why my slogan is so important for any trader who attains basic knowledge. To make you understand better the current fig I set the previous fig so that you can compare with the current. in.tradingview.com/c...END-SEE-IN-ANALYSIS/
2. One more thing I circled three more in green showing you how accurately all levels which I draw works magically. Please see white circle candles all candle took support at pink line + white 27 Ema means no shorting only buying with sl of pink line.
Trade plan for next day
1. I made one blue line If this line is taken out in 1 hr time frame the uptrend will be reversed to down. In 15 min condition if prices take out I will clear my positional longs. And will wait for 1 hr condition.
2. If in 1-hour time frame I feel the price is not going to fulfill this condition then by concentrating on the long setup I will again buy,
3. On the contrary, If the upper yellow line is taken out in 15 min then I will find the setup for long with the target of green dotted line considering the risk to reward.
4. Those who are new readers for them I write taken out condition please try to understand it otherwise you will not understand my analysis. 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. The rest market will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
1. On the 5th of July 2020, I posted trading information regarding BNF in trading plan point no. 1, I mentioned is quoting for your consideration " As far as the structure is negative which is going to no direction zone already discussed above. So I will wait to go in trade any sides till I get clarity on moves. I made one pink line to move up this line is to be taken out in 15 min time frame then being aggressive trader I will see buy set upon a lower time frame of 5 min and will take long with strict stop loss. But long side confirmation will be seen when the 1hr condition validates it." You can see the next-day market opened gap up fulfilling the condition of 15 min time frame but not 1 hour. You can see the whole day trading 1 hr condition was not activated and the price came down. How the pink line acted as support and today gave a good rally. New followers can not imagine this sort of accuracy in trading but my old followers have you ever thought when I make any support or resistance why price exactly follows my structures and conditions. why I made pink one at that level which is reactive why not up and down. Though I am busy nowadays and do not post regularly still manifestation guide you for profitable trades. In many previous posts, I wrote My slogan That BASIC KNOWLEDGE " + MY ANALYSIS = PROFIT " That one of my followers proved not following my instruction whereas one who followed earned today. First, see the comment of one who wrote for all of you.
"ChipsK
2 hours ago
Today I lost, I took short after finish off 12 pm candle. Considering the resistance level. But there was a huge white candle formed immediately and I booked my position with 200 point loss.
The mistake I did was there was a clear hammer formed and the price was going up. But I anticipated the price will not breach the resistance and did not wait for reversal sign or candle to finish. A lesson hard-learned..."
He is taking short at 12 pm candle near the pink line where a hammer candle was formed which I circled in white showing how pink line is working still he shorted and got trapped. He did not follow my condition and went into loss. On the other side one who followed earned money. "
wadhwaamit4
2 hours ago
@yvatsji , Sir, Are we heading toward Green dotted line today for BNF? I am holding a long position after Blue solid line was taken out." This was his first msg when he took the position of the long side and then exit msg where he talks of taking this entry after fulfilling the condition. wadhwaamit4
an hour ago
@yvatsji, I exited the position and made a 4.5k profit. I was expecting target will achieve today but momentum was not there. Thank you, sir. Fear free trade once condition fulfilled". That is why my slogan is so important for any trader who attains basic knowledge. To make you understand better the current fig I set the previous fig so that you can compare with the current. in.tradingview.com/c...END-SEE-IN-ANALYSIS/
2. One more thing I circled three more in green showing you how accurately all levels which I draw works magically. Please see white circle candles all candle took support at pink line + white 27 Ema means no shorting only buying with sl of pink line.
Trade plan for next day
1. I made one blue line If this line is taken out in 1 hr time frame the uptrend will be reversed to down. In 15 min condition if prices take out I will clear my positional longs. And will wait for 1 hr condition.
2. If in 1-hour time frame I feel the price is not going to fulfill this condition then by concentrating on the long setup I will again buy,
3. On the contrary, If the upper yellow line is taken out in 15 min then I will find the setup for long with the target of green dotted line considering the risk to reward.
4. Those who are new readers for them I write taken out condition please try to understand it otherwise you will not understand my analysis. 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 next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. The rest market will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
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www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g