shiv2798
Education

How i take trade based on structure No indicators

NSE:TORNTPHARM   TORRENT PHARM
People / Traders , i have been asked by many traders why i always mention about my wins so loudly? there is reason which i am going to explain what i am doing and why i get success more than any traders who try to take trade based on some indicators or some one chart or even some time they force the trade to take some profits and end up in losing the money


01) I do not use any indicators
02) i do not follow any laws of trading or so called laws which do not work , like support or resistance
03) i do not trade because the candlestick pattern is formed
05) i do not trade because of news events , or what so ever i do not trade
06) i do not follow any theory of Dow John , R.N. Elliott , or Richered waykoff or any theory in the trading world which is highly effective or highly preferred
i Just do not follow any thing
i only follow structures which repeat by them self , they give clear picture of price action , they represent the entire seen on price movement
there is huge psychology behind identifying the price action in specific structures which can not be explained in simple way
but i have tried to explain how i make my trade more profitable then any one
Rules
" Price analysis form Monthly to Weekly , Weekly to Daily , Daily to 4 Hour , 4 Hour to 30 Mints "
There are no rules in this further
so do not try to take the trade when things are congested , or not evenly in order for trading
avoid Options trading which is not meant for Small retail traders
Please try to identify what i have done in the chart and try to learn if possible ,
The most important message is get educated yourself with basics at least , before taking trades
All the best
Comment: Wow what a reversal ,
Do you still believe it will reach your target area? Can you please share more updates?
Reply
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