What we basically try to find in a long-term cycle chart !
Either a low to high or a high to low otherwise high to high /low to low. Let's take a time cycle of High to high in this chart.And let's see what happens in the future. This is a MAXHEALTH stock chart. we take 31st Dec,2021 High price 458.05/- & last date of this cycle is 21st April, 2022( high price 432/).
In this cycle, 122 days are calendar dates and 75 are trading dates.
When you go to the Tools area of Trading View, you will find the Cyclic Lines tool under the Cycles division within the pattern section. Plot the tool correctly in the chart according to the dates.
now you find out the beautiful things in this chart. Every cycle give you a good swing trading opportunities, now I told you how !
You can mark the candles of the time cycle as per high and low. As shown on the chart.
You need to enter when the price starts moving above the high of this candle for buy or below the low of the candle for sell.(remember here sale is possible in future stock(FNO) only.)
In this trading you can use two roles of stop loss, for buying side one is cycle date candle low or recent low before that, and for sell side try to use high of the cycle date candle as a stop loss.
What happens is that the cycle date, means there are more chances of a reversal. There is no 100% guarantee that it will happen, but you can think that a reversal is somewhere close.
The best thing is that you do not set with any mindset prepared in advance.Only then will you be able to enjoy and take profit from the cycle of trading. You don't have to be more technical than yourself to do such trades.
Here you will get a lot of opportunity to trade with calculative risk. Because Maximum Time Cycle Date Candle will be too small
Let me tell you two more advantages. Firstly, you will not have to trade every day and in the entire cycle, you will get maximum two or three trades only here. You can use 9 EMA for trailing stop loss, if you want you can make it smaller than that.
Friends, how did you like this topic, and if any question related to this comes to your mind then do write to us, we are going to discuss this topic with you a lot in the future also.
Thank you all.
Either a low to high or a high to low otherwise high to high /low to low. Let's take a time cycle of High to high in this chart.And let's see what happens in the future. This is a MAXHEALTH stock chart. we take 31st Dec,2021 High price 458.05/- & last date of this cycle is 21st April, 2022( high price 432/).
In this cycle, 122 days are calendar dates and 75 are trading dates.
When you go to the Tools area of Trading View, you will find the Cyclic Lines tool under the Cycles division within the pattern section. Plot the tool correctly in the chart according to the dates.
now you find out the beautiful things in this chart. Every cycle give you a good swing trading opportunities, now I told you how !
You can mark the candles of the time cycle as per high and low. As shown on the chart.
You need to enter when the price starts moving above the high of this candle for buy or below the low of the candle for sell.(remember here sale is possible in future stock(FNO) only.)
In this trading you can use two roles of stop loss, for buying side one is cycle date candle low or recent low before that, and for sell side try to use high of the cycle date candle as a stop loss.
What happens is that the cycle date, means there are more chances of a reversal. There is no 100% guarantee that it will happen, but you can think that a reversal is somewhere close.
The best thing is that you do not set with any mindset prepared in advance.Only then will you be able to enjoy and take profit from the cycle of trading. You don't have to be more technical than yourself to do such trades.
Here you will get a lot of opportunity to trade with calculative risk. Because Maximum Time Cycle Date Candle will be too small
Let me tell you two more advantages. Firstly, you will not have to trade every day and in the entire cycle, you will get maximum two or three trades only here. You can use 9 EMA for trailing stop loss, if you want you can make it smaller than that.
Friends, how did you like this topic, and if any question related to this comes to your mind then do write to us, we are going to discuss this topic with you a lot in the future also.
Thank you all.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.