My first video is for all my followers. Hope you will enjoy it and would be able to make money next week.
For new readers writing taken out condition. 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.
One small request sir, some of your lines are not fully horizontal(example last week green line) it would help if you can put the number. For me it is not a problem because I keep reloading bars and zoom out to confirm levels but some new people may face some confusion
Also my query about a failed taken out condition ( breakdown around 29400 levels ) was answered clearly in your video around the 4.05 minute explanation. I also studied this in a 15 min timeframe and clearly even for intraday this condition was not fulfilled. It was a trade for aggressive trades and yes it did hit my small stoploss. But I am happy after hearing ur explanation as I now understand where my mistake was in reading it.
Overall across all these last months market behaving within ur set of observations which is absolutely stunning. Its upto us to find our setup to trade these and make profits.
Thank you and god bless