Hi All, This is the last post on Trading view, I have decided to stop for now. I will finish my Study on Stock Market then i will think of posting. Why half cooked ideas, we will have master class Ideas, This was just a demo. Many Analysts and masters find it wrong.
To all my supporters Happy Trading and keep learning. Just to give explanation to you all my supporters I am not able to concentrate on my research because of some...
Some of my posts i have shared here for the heaters!! just see once if you have guts. When i share big picture that was the over all trend and when i tell daily that is for intraday, hope you will understand one day by blowing out all your hard earn money. Just count have you ever seen this consistency? In all of my posts only one day i lost, and you started trolling. Rally it is bad, very bad, Don't want to waste energy by sharing my knowledge and thoughts.
Cheers!!! Some of my posts check the dates haters!!
Trade closed: target reached
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So finally reached the point i shared the last time!!! Cheers!!
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So now you know what to look for next!!
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The below link was shared with some of my friends, check the timings night around 2AM 19th Sept. how to trade today for Intraday, though i had work could not trade the whole fall. s3.amazonaws.com/tradingview/snapshots/v/vF34QpxN.png
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For 21the Sept 2019, As it has reached the lower boarder. be cautious. It will have a depth to reach 10500. But i personally dont think it should go.
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Hope All enjoyed my Analysis, If you have seen it. Otherwise missed this rally. Now try to understand Demand zones and Supply zones. and Apply with Trends and patterns.
Really? You are stopping because of one mistake? So all the profits you made is nothing in front of a lose? This s how u are going to inspire all these people? Your strageies were good. Your entry points were good. Your intracting with traders were good. And if you think you havent completed your studies and ignore all the traders who s followng you for some trollers then you should grow. You are giving recommendations. Following them is their choice. If it s the real.reasson for you to stop posting then you should not have posted anything.
Tradepro_MoneyFlow
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Bro, many traders don't engage on a daily basis. But you spend time with everyone, That's really a good thing.
Though I am not a person who believes drawing lines and animals and call it as technical analysis. But you are doing a lot of work around price action.
Though I didn't comment on your previous posts, I used to watch them.
Some friendly suggestions.
As many of the other traders, you are used to suggest buy above and sell blow, what exactly does this means. Trading is a simple auction that happens at that moment. So I suggest people to trade and not wait for some price point.
In most of your charts, you suggest people wait for confirmation, what does this confirmation means. Hope you know trading is a game of probability and nothing called confirmation. These words are by Dow.
Tradingview got knowledge and talent. And we don't know each other, we are here just to learn new things from others. Even someone writes a negative point, just take it in a learning mode and respect them.
Believe me and think everyone as our peers.
So think about it :)
Once again, you engage people for some good reason.
Sarsans
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@Tradepro_MoneyFlow, good evening.
Thanks for the write up.
I have few questions to you. If trading is a chamce what then are the numbers?
Buy/sell , if they are just levels , as you say, what are those. In any chart the moving averages resist support diverge and converge , do they are dont? Confirmation isnt it
crossover s? Patterns ny harmonics, levels by gann, fibo retracement etc what are they for.
My opinion on nifty is , its a 3 year old kid which runs here and there. Ppl try to patternise that wayward running into a square or circle or rectangle. Isn't it.
Teach that probability theory to me too
Regards
To me Price is an advertising mechanism of the Value.
With the above statement, I am not a price action trader and honestly I don't use even a single indicator sma, ema, RSI, divergence, convergence, stochastics.
While coming back to patterns, they change on every timeframe, 5 mins, 15 min, 1 hr, 1 day everything has a different pattern.
Gann theory is just a failure point, please read history of gann and he never made Money.
Fib retracement also changes by timeframe that you use. Isn't it.
Every market in this world works only on one principle auction market theory, and according to auction market theory price is a subset of event or news + volume.
So to me, only acceptance and rejection of value matters and nothing else.
Once again, with the above statement cross over, convergence or anything that changes over with timeframe is not a confirmation.
Hope I clarified your questions. Once again appreciate for your questions.
Sarsans
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@Tradepro_MoneyFlow, thanx for the reply.
As a day trader nothing else than the crossover, in few indicators matter to me, for scalping 15-20 points per day. Too good people in trading view dont teach US to fish, instead sell us fish. Abishek sing CMT exception
Tradepro_MoneyFlow
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@Sarsans, If something works for you always follow that.
One suggestion, Nifty is not a 3 year old kid, it's mamoth that represents our economy.
eashish93
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@Tradepro_MoneyFlow, every indicator and patterns had some probabilty rate. By combining the best of all, @manotrade28, he is giving us the points. I suspect if you've ever win in your life with your gamble trading.
Tradepro_MoneyFlow
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@eashish93, Dear Author, In my comments I never mentioned trading as gambling and I always look in it as a business.
I created breadth indicators and algo trading strategies for Nifty, BankNifty based on free float market capitalized weightage. This is the same concept used by NSE to frame any index. And this is the sole logic for all capitalized indices.
While coming back to winning or loosing it doesn't matter.
In the world.95% of indicators are around price action of the asset. And Nifty and BankNifty are not assets and trading them with the same asset based methods.might not be successful.
Generally I don't comment, but Mano used to engage traders in a good way.
One last friendly suggestion think beyond price action.
3 years back I used to think that a combination of indicators is successful for trading. But as mentioned above I missed to see that input for all these indicators is price action.
After that I stopped using all the indicators.
I understand you are supporting for a reason and I never gave a negative comment till date.
eashish93
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@Tradepro_MoneyFlow, hmm, one good point here. Breadth indicator. While I'm new to trading, but not to programming. It actually make sense that breadth indicator has much more probably than other for indexes.
Tradepro_MoneyFlow
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@eashish93, I am the first one in India to create them using Capitalized weightages.
I faced a lot of criticism and I never gets disappointed and I always tries to answer questions in a humble way.
Anyway we are all here for on good reason share knowledge and I always say that I learnt a lot from @bearishbull1968 - He always tells that chart tells you everything. That changed my way of thinking and tried to see beyond price action and technical analysis.
I am happy to say that now I am value based trader.