Waiting is one of the most difficult things for traders to do. Traders are generally high-energy individuals and the time
spent between trades can often seem like unbearable agony. But it is important to remember that the market is always
trending and when it is in a resting phase , waiting is usually the prudent thing to do. Positions initiated while
the market is resting are generally "guesses" about the eventual breakout of a congestion area by a trader-and guesses
are generally not very reliable. Rather than guess, one should rather wait for the market to show him which way it has
decided to go before jumping in.
In the chart swings are showing both higher lows and lower highs-which means the range is narrowing as price restores its energy. Price will break out of this congestion area but at the moment, we can only guess whether price will break out to the up side or the down side.
This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly as market progresses, in the ideas mentioned in Related Idea. Occasionaly I post the idea separately also for educational purposes for me and others who want to benifit from my experince.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
spent between trades can often seem like unbearable agony. But it is important to remember that the market is always
trending and when it is in a resting phase , waiting is usually the prudent thing to do. Positions initiated while
the market is resting are generally "guesses" about the eventual breakout of a congestion area by a trader-and guesses
are generally not very reliable. Rather than guess, one should rather wait for the market to show him which way it has
decided to go before jumping in.
In the chart swings are showing both higher lows and lower highs-which means the range is narrowing as price restores its energy. Price will break out of this congestion area but at the moment, we can only guess whether price will break out to the up side or the down side.
This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly as market progresses, in the ideas mentioned in Related Idea. Occasionaly I post the idea separately also for educational purposes for me and others who want to benifit from my experince.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Trade active:
Long initiated
Comment:
Prices are at warning line.
Comment:
ITC IS GOING TO REPEAT THE BIOCON STORY? NO WORRIES I HAVE KEPT THE STOP LOSS BELOW MARKET STRUCTURE. A LEARNING FROM BIOCON STORY.
Trade closed: stop reached
Comment:
Rhythm of Swings:
