Hi Traders, 1. As usual first I will discuss, last week's statement. On 20th Nov 2020, in point no1. of trading plan section, what I wrote is quoting for your consideration. "A white line is made if the price takes out in both time frames in 15 and 1hr then you will see the upside move.". Here you can see in fig after crossing the white line the taken-out condition got activated and gave you approx. 570 points. The yellow line showing you this journey. Generally, after the condition got activated, we see a good move in that direction. This move would also give more points, Had the spinning Top in a pink circle would not be made after Gap up. Maybe most of you do not know if after a gap up a spinning top is made that is a signal to book profit and expect a reversal. Those who knew it would have booked profit after taken out got activated. In fact, for the last two weeks, I have been skeptical about the scene after taken out condition got activated. That I informed those who follow me through links given in below box. And both weeks after giving moves price come back in the region from were taken out condition gets activated.
2. I made a white box covering the cluster of many reversal candles this shows price might open gap down. Setting the previous fig to match with the current fig and my statement.
Trade Plan For Next Week
1. I made a red line if it is taken out upside in both time frames then you would see more upside move.
2, On the contrary, if the green line is taken out downside in both time frames of 15 min and 1 hour, then you will see a fall. The level which I mark on the chart will never let you down with implementing with conditions. Once activated will give you a good move on that side proving in 229+ posts.
3. For new readers writing taken out condition how is this implemented on chats. 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 the taken-out condition, the 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.
-Yogesh Vats Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Thank you sir for the voice explanation. Its helpful.
Sir on 5 mins chart, the EMAs used are 9, 27 and 63? Are these to be used in some method on small timeframe for intraday? Thank you.
@yvatsji, sir this can be used like we use 27 & 111 EMA on hourly?
Chart_Asset
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Hi sir,
On weekly chart forming hanging man pattern so if Monday taken out condition is satisfied can we initiate long or we wait for weekly candle to be taken out for taking for long position.
Chart_Asset
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sir,
at 10:25 price reached ar red line and formed reversal candles then entered the trade 29600 PE and booked 100 points with 4 lots and i have done this with 5 minutes chart...
ChipsK
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गुरुजी,
आज आपका वीडियो लेसन देखा, जितनी सरलता से और बिना किसी कठिन शब्दो का इस्तेमाल किए आपने समझाया वह काबिले तारीफ है। ऐसा लग रहा था कि मार्केट में खड़े हैं और आप बता रहे हैं कि कौन कौन ट्रेडर क्या सोच और कर रहा है।
काफी दिनों से मैं ट्रेड नहीं कर रहा क्योंकि दिन में समय निकालना कठिन है। पर सीखने के लिए रात पूरी अपनी है।
आपका धन्यवाद करने के लिए शब्द कम हैं , निस्वार्थ भाव से जो आप कर रहे हैं उस से कई लोग अपने सपनो को पूरा कर सकेंगे और कई लोग अपना घर भी चला सकेंगे।
प्रणाम
harryreddy
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🙏🙏🙏 second Audio is as usual wealth of information. Big Thank You and God bless.
Last two days I am following your method but not trading as I want to learn discipline first. I was able to identify one of the entries just before fall but didnot trade. I was so tempted when I saw that high pressure candle at bottom and after it closed above the swing. Bought a lot for scalping
ghorpadenikhil
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Thk u sir , for ur second audio lessons. As u said, it looks easy while u explain but difficult to trade, that's so true. A new trader like me was searching for entry the whole day, but was not confident. Lesson like this will really built a positive mindset and will give immense confidence. God bless u sir.
Goutam5196
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Your lines are working like LAC for bulls n bears 🐻 😅😅 both loaded with their firearms
Chart_Asset
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Sir,
Today I felt really tough to find trade as price has been hovering over our red line for whole the day. Neither of the conditions satisfied. Whenever I want to take trade it is coming back to red line.
Sir on 5 mins chart, the EMAs used are 9, 27 and 63? Are these to be used in some method on small timeframe for intraday? Thank you.