IS TODAYS MOVE IN BNF TREND REVESAL OR PULL BACK SEE !!
COMPARING MY LAST STATEMENTS WITH TODAYS ACTUAL MOVE IN BNF.
1. In previous day trading plan I was expecting a gap down opening in bnf even dow closed almost 350 pts down. But in morning dow futures was up 130 pts when sgx opened. Therefore, gap down impact from dow in morning nullified by dow future that is why sgx did not satisfied supoort bule line condition mentioned in sgx post. In second point of last post I clearly mentioned " in case price takes out red dotted line then trend can change to range bound .wait for price to breach red dotted line and book immediately." I myself did same as I also carried shorts. See market spend almost four hrs in range bound trade to move down side was the right condition for bears. candle no 4 was providing perfect conditions to go down. At 5th candle bear got trapped (when they were trying to take market down.) This candle gave me imformation of change of sentiments and I booked all my shorts . Pink color circle is showing that imformation that I wrote. See stock market is game of switching of sentiments when market changes. Those who followed my instruction of red dotted line ,I am sure did not book shorts at loss as I booked in Profit of yesterday shorts.
2. I every day try to make traders decisions simple by sketching support ,zones and resistance. I claerly mention all conditions of trade. You just have to find entry and exit points from my analysis. I am sure you would be able to learn and earn. One more thing for new followers , please don not enqiure about entry and exit while in trading hours. I can not spoon feed . I am here to help you in understanding markets. Please burn night oil to mark your entry exit on fig which I share every day to make your trading easy. I will not respond to query related to timing of market that you have to take out youself. I will reply all educational points .
Plan for next day trading.
1. See this up side move in last two hrs in market , I feel is bull back that should be end near blue resistance line. If that resistance is taken out then my biased will change into up side. A green arrow showing up side territory. Otherwise sell on rise is market. Every pull back should be used for shorting.
2. Till now no trend revesal . See market move tommorow and follow conditions mentioned for trade. Rest market will decide.
YOGESH VATS
1. In previous day trading plan I was expecting a gap down opening in bnf even dow closed almost 350 pts down. But in morning dow futures was up 130 pts when sgx opened. Therefore, gap down impact from dow in morning nullified by dow future that is why sgx did not satisfied supoort bule line condition mentioned in sgx post. In second point of last post I clearly mentioned " in case price takes out red dotted line then trend can change to range bound .wait for price to breach red dotted line and book immediately." I myself did same as I also carried shorts. See market spend almost four hrs in range bound trade to move down side was the right condition for bears. candle no 4 was providing perfect conditions to go down. At 5th candle bear got trapped (when they were trying to take market down.) This candle gave me imformation of change of sentiments and I booked all my shorts . Pink color circle is showing that imformation that I wrote. See stock market is game of switching of sentiments when market changes. Those who followed my instruction of red dotted line ,I am sure did not book shorts at loss as I booked in Profit of yesterday shorts.
2. I every day try to make traders decisions simple by sketching support ,zones and resistance. I claerly mention all conditions of trade. You just have to find entry and exit points from my analysis. I am sure you would be able to learn and earn. One more thing for new followers , please don not enqiure about entry and exit while in trading hours. I can not spoon feed . I am here to help you in understanding markets. Please burn night oil to mark your entry exit on fig which I share every day to make your trading easy. I will not respond to query related to timing of market that you have to take out youself. I will reply all educational points .
Plan for next day trading.
1. See this up side move in last two hrs in market , I feel is bull back that should be end near blue resistance line. If that resistance is taken out then my biased will change into up side. A green arrow showing up side territory. Otherwise sell on rise is market. Every pull back should be used for shorting.
2. Till now no trend revesal . See market move tommorow and follow conditions mentioned for trade. Rest market will decide.
YOGESH VATS
t.me/tradengrow
www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g
www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g