COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN NIFTY TODAY.
1. In point no.4 of trade plan I mentioned that is quoting for your consideration " if price takes pink dotted line upside in 15 min time frame then upper end of zone will be the target.. You can see the taken out condition in 15 min was completed and price moved towards target. I have seen in comment box traders not getting taken out conditions properly . It can happen one day when you feel mentioned condition is fulfilled according to you but in real not , and price deceived all those who could not understand. See taken out conditions are made up of two time frames which I share time to time in analysis. On completing one in lower time frame First you look for buying setup in lower time frame of min . If you get setup then go for buying or selling. Not jump into trade without seeing set up and risk to reward ratio. Plus if bigger time frame does not fulfill that condition then exit with whatever you are getting. To move any side both time frame conditions should be valid. see how pink color dotted line first resistance turned into support circled in white.
Trade plan for next day.
1. Market is near to change its trend so be careful for long side trades. I provide some conditions till nifty fulfill you remain long side as soon as condition gets breached cover your long.
2. A pink color trend line is the first sign of weakness If it is taken out on 5 min time frame only cover your positional long. pink dotted and blue line is taken out in 15 min time frame only then second clue of weakness. when you get this clue find sell setup with risk to reward for target of yellow trendline.
3. If yellow trend line is taken out on 15 min time frame only then tend will change to shorts. Red arrow indicates that.
4. A red dotted line upside is not taken out on 15 mins chart only then this area can reverse long sentiments to shorts.
5. price can be range bound between yellow trendline and blue pink dotted zone. Rest market will decide.
YOGESH VATS
Disclaimer :- All trading should be done with consulting your financial planner. This is for educational purpose only.
1. In point no.4 of trade plan I mentioned that is quoting for your consideration " if price takes pink dotted line upside in 15 min time frame then upper end of zone will be the target.. You can see the taken out condition in 15 min was completed and price moved towards target. I have seen in comment box traders not getting taken out conditions properly . It can happen one day when you feel mentioned condition is fulfilled according to you but in real not , and price deceived all those who could not understand. See taken out conditions are made up of two time frames which I share time to time in analysis. On completing one in lower time frame First you look for buying setup in lower time frame of min . If you get setup then go for buying or selling. Not jump into trade without seeing set up and risk to reward ratio. Plus if bigger time frame does not fulfill that condition then exit with whatever you are getting. To move any side both time frame conditions should be valid. see how pink color dotted line first resistance turned into support circled in white.
Trade plan for next day.
1. Market is near to change its trend so be careful for long side trades. I provide some conditions till nifty fulfill you remain long side as soon as condition gets breached cover your long.
2. A pink color trend line is the first sign of weakness If it is taken out on 5 min time frame only cover your positional long. pink dotted and blue line is taken out in 15 min time frame only then second clue of weakness. when you get this clue find sell setup with risk to reward for target of yellow trendline.
3. If yellow trend line is taken out on 15 min time frame only then tend will change to shorts. Red arrow indicates that.
4. A red dotted line upside is not taken out on 15 mins chart only then this area can reverse long sentiments to shorts.
5. price can be range bound between yellow trendline and blue pink dotted zone. Rest market will decide.
YOGESH VATS
Disclaimer :- All trading should be done with consulting your financial planner. This is for educational purpose only.
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www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g