SEE POWER OF EDUCATION IN BNF DESPITE WEEK DOW YESTERDAY !!
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF TODAY.
1. In trading plan column I mentioned in point no. 2 is quoting for your consideration " if pink dotted line and solid zone is taken out in 30 min time frame then down trend will confirm". You can see market opened gap down and if you see chart of 30 min then things will be more clear first 30 min candle is not taken out to fulfill above mentioned condition. And price never tried to test the first candle low in whole day. Everyday I write 15 min condition and yesterday I wrote 30 min that is the beauty of education which take you to path of correct decision. Since the condition was valid whole day therefore, you saw range bound up move. Any one who could have bought with the sl of first 30 min candle would have made good amount in this range bound market. Traders ask me what next sir my clear reply is everything mentioned in chart If you have that basic knowledge You would have taken this trade today.
2, In same point I clearly mentioned that " today was simple tend day but tomorrow can be volatile range bound day'". You can see where dow was down at night 700+ points but I posted around 5 pm in evening and confidently wrote of volatile range bound trade. Same happen one hour chart confirm it. If you have that imformation, think trading will be so easy. As my was today , Since I knew it is going to be range bound I took two positions and booked as soon as possible because price can eat my earnings any time as range bound market. Many of you have seen plenty of analyst in your trading life where did you find that depth and consistent strike rate without fail. All free no charges for this service. Because market is ocean for me with lot of money. I have that skill to earn from market rather than to sell my knowledge. Why would I earn in name of education. Only those will earn who can not perform consistently. I manifest the move one day advance with marking important points and conditions, Next day market react on these points. See today case I circled in white first hour candle took exact support on lower end of green zone. How perfectly out of plenty of supports and resistances on chart I draw only one every day which woks accurately. This is the power of education that is why I gave today title same.
3. New followers , I suggest you all to get ready for hard work by reading and practicing first level of three books by steve nision , candle stick course , advance candle stick and Japnese candlestick. Down load from pen drive.com free ebook site. These there books reading on regular basis will take at least 6 to 8 months with lot of practice to recognize all pattern mentioned in books. If you read like story book and finish soon then with my experience , You would not be able to build your base of this unique language. So take your time . Remember Rome was not build in one day.
Trading Plan For Next Day.
1. Yesterday In point no. 1 trading plan I mentioned one condition That will remain valid for next day also. See Upper green small line if it is taken out in 30 min time frame then this down trend can change to uptrend. But that area is no direction zone so I will not like to trade until I get clarity. Aggressive traders can trade this area with the sl of that candle which breach green line but price should fulfill mentioned condition with the target of upper blue zone.
2. I made a red channel If price break this and pink support on 15 min time frame then you have to apply taken out condition only to short with the target of green zone lower band.
3. If green zone is taken out in 30 min time frame then price can move down that target I will provide tomorrow while in trading hrs by update my idea. Those new kindly configure settings of right side bulb by selecting all options of whom you want to follow. otherwise all ideas will flash.
Rest market will decide.
YOGESH VATS
Disclaimer :- All trading positions should only be taken with consulting your financial planner. This study is for educational purpose. I can be wrong any day any time.
1. In trading plan column I mentioned in point no. 2 is quoting for your consideration " if pink dotted line and solid zone is taken out in 30 min time frame then down trend will confirm". You can see market opened gap down and if you see chart of 30 min then things will be more clear first 30 min candle is not taken out to fulfill above mentioned condition. And price never tried to test the first candle low in whole day. Everyday I write 15 min condition and yesterday I wrote 30 min that is the beauty of education which take you to path of correct decision. Since the condition was valid whole day therefore, you saw range bound up move. Any one who could have bought with the sl of first 30 min candle would have made good amount in this range bound market. Traders ask me what next sir my clear reply is everything mentioned in chart If you have that basic knowledge You would have taken this trade today.
2, In same point I clearly mentioned that " today was simple tend day but tomorrow can be volatile range bound day'". You can see where dow was down at night 700+ points but I posted around 5 pm in evening and confidently wrote of volatile range bound trade. Same happen one hour chart confirm it. If you have that imformation, think trading will be so easy. As my was today , Since I knew it is going to be range bound I took two positions and booked as soon as possible because price can eat my earnings any time as range bound market. Many of you have seen plenty of analyst in your trading life where did you find that depth and consistent strike rate without fail. All free no charges for this service. Because market is ocean for me with lot of money. I have that skill to earn from market rather than to sell my knowledge. Why would I earn in name of education. Only those will earn who can not perform consistently. I manifest the move one day advance with marking important points and conditions, Next day market react on these points. See today case I circled in white first hour candle took exact support on lower end of green zone. How perfectly out of plenty of supports and resistances on chart I draw only one every day which woks accurately. This is the power of education that is why I gave today title same.
3. New followers , I suggest you all to get ready for hard work by reading and practicing first level of three books by steve nision , candle stick course , advance candle stick and Japnese candlestick. Down load from pen drive.com free ebook site. These there books reading on regular basis will take at least 6 to 8 months with lot of practice to recognize all pattern mentioned in books. If you read like story book and finish soon then with my experience , You would not be able to build your base of this unique language. So take your time . Remember Rome was not build in one day.
Trading Plan For Next Day.
1. Yesterday In point no. 1 trading plan I mentioned one condition That will remain valid for next day also. See Upper green small line if it is taken out in 30 min time frame then this down trend can change to uptrend. But that area is no direction zone so I will not like to trade until I get clarity. Aggressive traders can trade this area with the sl of that candle which breach green line but price should fulfill mentioned condition with the target of upper blue zone.
2. I made a red channel If price break this and pink support on 15 min time frame then you have to apply taken out condition only to short with the target of green zone lower band.
3. If green zone is taken out in 30 min time frame then price can move down that target I will provide tomorrow while in trading hrs by update my idea. Those new kindly configure settings of right side bulb by selecting all options of whom you want to follow. otherwise all ideas will flash.
Rest market will decide.
YOGESH VATS
Disclaimer :- All trading positions should only be taken with consulting your financial planner. This study is for educational purpose. I can be wrong any day any time.
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Today's trade in bank nifty remains in a very tight range, therefore, did not violate any conditions either sides. So nothing new to add-in previous post, I feel no need to make a new post. All conditions will remain the same act accordingly in the next trading session. Enjoy weekend. Happy trading!