Hi Traders, 1. On the 22nd of Aug 2020, in my blog on BNF series the point no. 1 trading plan section is quoting for your consideration as proof that given targets on upside precisely achieved by index as usual without fail. Every word was written so meticulously that proves the presence of perfect manifestation of the move six days prior to the real action. " The red dotted line if taken out in both time frames then you see the price going to green dotted line and blue zone." you can see when taken out the condition on both time frames activated then the target was achieved. see the red dotted line was taken out with a white bullish candle and this time price did not dare test this red dotted line level and reached to green dotted and blue zone.
2. I did not stop here to manifest the whole move in advance here in point no. 2 of the trading plan section what I mentioned is quoting as proof of further visualization of the move "In case the price falls from the lower end of the above-mentioned zone that is a green dotted line and gets recovers after consolidation then the importance of blue line that is the upper end of green dotted line blue line zone will be mitigated. And the target, in that case, will be a green solid upper line." Here you can see how crystal clearly I mentioned the condition where if price falls from green dotted line then the blue line that is the upper line of zone gets mitigated otherwise has importance. See price did not fall from green dotted line whereas took the support of the same green dotted line and reached the blue line where took resistance showing in the pink box for continuous 5 hours. See condition was how precisely written that actual price action showed not filling from green dotted line fall has importance and held price here for 5 hours. when I manifest all moves so meticulously then you should earn money from my analysis. Who can give you all moves in advance so precisely on any platform available across India? I am using these words because consistently proving all my analysis since I started to write without fail. whether stocks or indexes. One of my motives is to make your trading easy.
3. On every support or resistance, I apply taken out conditions because among many I select those which have the potential to work. If any random resistance or support selected then instead of giving a clear perspective of trading they will confuse you by activating and going wrong later on. Now see the pink color circle which is showing a breached candle on the green line. Here I am showing how one has to deal with the taken-out condition a candle showing activation of taken out the condition on both time frames. The next candle is an entry point. And a stop loss of this entry is shown in the pink line. After that see had you followed my conditions religiously, you would have been the part of boom... I showed the same entries many times in my blogs again showing for new readers. If you apply the same logic of entry on all given support and resistance I guarantee 80 % success rates rest is the cases of sideways moves of price but only with my support and resistance.
4. Now I show you what you see this week I already knew and not only showed in manifestation of my analysis. Even one of my followers wrote all his feeling in capital letters which reached my heart. And I had to disclose the same move on a week ago in comment box of nifty Agust 21, post. ckirtane Aug 22 DO YOU WANT TO SAY IF YELLOW SOLID LINE(11571) IS NOT TAKEN OUT THEN UPTREND (STARTED FROM 7500) IS OVER FOR THIS BULL RUN? AS PER CONDITION NO 2.& NEW DOWN TREND WILL START . SECONDLY IF WHITE SUPPORT LINE(11112) IS BROKE THEN NEW BEAR TREND WILL START? PLEASE CLARIFY FOR THE HELP OF ALL FOLLOWERS. PLEASE ALSO COME ON BOARD AT LEAST ONCE IN 3 DAYS TO GUIDE US AS I STOPPED TRADING WITHOUT YOUR GUIDANCE.
yvatsji Aug 22 @ckirtane, I am awfully sorry not posting on a regular basis. Your message the last line affected me much " stopped trading". My mission is maximum people make money by trading. That is why started providing clues so that they can understand and create money for themselves. I was against of it as is used for tips not for creating education. Though I started for the sake of traders. Now come to your query. See I posted three months back when nifty was at 7500 that bottom has made that I wrote in many posts of nifty. All available on record. In today's post, you are taking the wrong impression of a big fall. See price is in the impulsive wave it will give you small correction but will make a new high. The correction will be small. For your confidence, I disclose to you that the condition which I gave for the downside will not activate you will see the price going to 11700 in next week. If there will be a change in it I am capable to know the same time. Just your last line made me compelled to disclosing otherwise I do not prefer to give this concrete information to anybody. Start trading take clues by joining Trade "n" Grow.
Cheers.
setting the previous post fig by comparing it with the current fig above.
Trading plan for next week.
1. A blue trend line is seen in the current fig that is important to take out on both time frames of 15 & 1 hour. Then target would be a pink line green arrow showing this journey of price. Here I would like to mention sometimes condition gets activated and price moves in the upper side but after some times it converts its movement to the downside to test the trendline and if not consolidate here above the breached candle and does not cross the recent high, then chances to get failed will prevail. this trendline will give you false break out. so be cautious with stop loss even after activation of taken out condition.
2. on the contrary a white line is shown in fig if it is taken out in both time frames of any day then positional long should be covered. The complete structure could change to deep correction. But here also one condition that taken out condition is not met then you will see a bounce if that one could not take out august 28 high then get ready for a deep correction.
3. My words in the form of condition are valuable if could not understand properly then ........ 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 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.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Thanks a lot sir, Your explanation is nourishing our interest to learn more. Can you please explain us how the blue trend line is constructed.
Candle_Burn
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Trade on 03-Aug after seeing price rejecting in higher level and forming doji star(5MIN) near resistance(23740) at 13.05 as same confirmed by next candle bought 23600pe at 20 and sold near support 23500 for 100.
Thanks MASTER for you timely enlightening message.
Candle_Burn
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By seeing price opened gap up but unable to sustain that level, price immediately reached the trend line and little bounce in 5 MIN,
here were I see a inverted hammer in 15MIN chart and 3rd candle confirmed it by closing near low, were I opened my position 24500pe at 260 and waited for specified target level and I closed near 23700 at 910.
Today is very special day to me were I never trade like this before in past, again I see the power of candle knowledge with MASTER.
Good Day
Master.
sharmaumesh1967
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"A good teacher is one who can inspire hope, ignite imagination and instil a love of learning."
You are doing all of these
Thanks sir,
Happy Teachers Day
Warm Regards
yvatsji
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@sharmaumesh1967, Good bless you with this unique knowledge! Thanks
harryreddy
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Sir, Great analysis last week as usual. let me summarize how it played out. Line 1 says market will test blue trend line and this happened within an hour. White line and Green line fought hard to support the market. Once it failed green line is hit and is finding support at the green dotted line. Wonderful analysis and the lines you draw are so powerful. During the day when they are taken out most of the times movement is swift.
Two great trades this week both short trades one near the blue trend line and again near the solid green line made my week. Thank You so much. Bow before you for the knowledge you have.
Candle_Burn
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Trade on 02-Aug bought futures at 23600 after no taken out condition satisfied near support and sold near day High 23900.
Candle_Burn
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Today after seeing hammer candle in 15MIN near support, were waited for entry near support & entered trade of buying 24500ce at 160 with stop loss of yesterday low but after intraday trend broke and price went into consolidation trend changed to neutral were I still hold my position till 3.20pm and closed it near 130.
Today I learned that if my direction is right even trend change to neutral I can still exit with minimal loss.(option premium corrodes with time)
thanks for your training on timing entry MASTER.
Good Day
Master.
bhaskarrao
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sirji , today at 10.05 the 5 min candle closed below the trend line and 9.45 candle 15 min also below trend line i bought 24800 pe at 473 and exited by seeing green hammer candle at10.20. made a profit of rs 1500. afterwards due to retirement function of my friend i have gone out. for this trade the inspiration is ur analysis. i am trying to learn slowly with the help of ur guidence and efforts.thank you very much.