yvatsji

CREATING DEPTH IN ANALYSIS IS A WIN-WIN SITUATION SEE HOW?

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NSE:BANKNIFTY   NIFTY BANK
HOW I TRADED IN BNF TODAY WITH YESTERDAY PLANING\
1. AS YESTERDAY I TOLD YOU DID NOT CARRY ANY POSITION IN EITHER SIDES . THE OPENING OF MARKET GIVES THIS ANSWER WHY? YOU ALL KNOW IN MORNING SGX NITY WAS ALMOST 65 PTS UP INSPITE OF THAT BNF OPENED 331PTS DOWN FROM PREVOIUS DAY HIGH .I WAS EXPECTING SUCH THING IN PRICE STRUCTURE THAT IS WHY DID NOT CARRY. TO PROVE MY POINT I GAVE YOU RED COLOR SMALL LINE AND CLEARLY MENTIONED WITH GRREN TREND LINE . THAT IF GREEN TREND LINE IS BROKEN AND PRICE DO NOT RECOVER IN FIRST 15 MIN THEN TREND WILL CHANGE. RED LINE IS BREACHED AND PRICE DO NOT RECOVER IN 30 MINS THEN GET READY TO SEE RANGE BOUND TRADE. SEE PRICE OPENED GAP DOWN AND RECOVERED IN FIRST 5 MIN MARKED IN PINK CIRCLE. A RED COLOR ARROW WAS SHOWN TO RED COLOR ZONE AND TOLD YOU IF THESE CONDITION WERE SATISFIED THEN UPPER BAND OF RED ZONE WAS PLACE WHERE ALL POSITIONS SHOULD BE SQUARE OFF. YOU CAN CHECK AGAIN YESTERDAY POST. SEE EXACT WHITE CIRCLE CANDLE TOUCHED UPPERBAND AND PRICE GOT BIG REJECTION. EVERYDAY CHECK MY PREVIOUS POSTS WHATEVER IS MANIFESTED ONE DAY IN ADVANCE AS MY PLANING TO TRADE NEXT DAY SAME HAPPENS. THIS IS WHAT THE DEPTH OF ANALYISIS WHICH I WOULD LIKE ALL STRUGGLING TRADERS TO LEARN FROM MY POSTS.
2. NOW COME TO TRADING SEE WHOLE DAY STUCTURE WAS LITTLE SCARY SO AFTER THE WAIT OF 4 CANDLES WHEN 5 TH CANDLE TOOK SUPPORT ON TREND LINE I GOT CONFIDENT THAT A MOVE WILL COME. THERE I TOOK MY FIRST POSITION AFTER SUCH LONG WAIT AND BOOKED NEAR UPPER BAND OF RED ZONE INFACT GIVEN TWO WEEKS AGO. YOU CAN CONFIRM FROM MY PREVIOUS POSTS OF THAT PRRIOD. YOU ALL HAVE NOTICED ZONES I PROVIDE WORK FANTASTICALLY IN TRADING EVERY DAY.
PLAN FOR NEXT DAY TRADING
1. TODAY ALSO DID NOT CARRY ANY POSITIONS. BNF IS IN IMPULSIVE WAVE SHOWED YOU YESTERDAY. UNTILL AND UNLESS TRENDLINE IS TAKEN OUT, MEANS CAN BREACH BUT SHOULD RECOVER IN 15 MINS TILL THEN THIS WAVE IS INTACT. CAN SEE NEW HIGH . ON THE CONTRARY PRICE DO NOT RECOVER THEN TREND WILL CHANGE TO RANGE BOUND TRADE.
2. FOR RANGE BOUND TRADE ,RANGE IS ALREADY SHOWN. IT IS VERY TRICKY TO TRADE IN RANGE BOUND MARKET .SO I WILL WAIT FOR PRICE TO COME NEAR BLUE TREND LINE THERE I WILL FIND LONG SETUP FOR THE TARGET OF UPPER RANGE LOWER BAND OF RED ZONE.TWO STRUCTURES SHOWED IN FIG BNF WILL FOLLOW ANY OF TWO. LET THE TRADE CONIRM THE STRUCTURE THEN FIND THAT SIDE ENTRY WITH SL. YOU HAVE NOTICED TODAY WHEN RED COLOR ARROW DIRECTION GOT CONFRIMED ONLY THEN I TOOK LONG AFTER LONG WAIT. REMEMBER TO CREATE DEPTH IN ANALYIS IS 24/7 PROCESS NEEDS DEDICATION ,HARD WORK AND PATIENCE. ROME WAS NOT BUILD IN ONE DAY. REST MARKET WILL DECIDE IT IS SUPREME . BUT I LIKE TO MAINTAIN MY STRIKE RATE.
YOGESH VATS