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4stech

Emotions You Also Have To Deal With !Hi Friends and Traders, Thought of sharing this interesting trade that really tested my patience and invoked all sorts of thoughts (that one has to control) to win over the markets. Perfect Entry Good Risk to Reward Market was not in the mood to reward me yet :-) Went completely sideways for almost 20 days Stuck with the trade as the price was in HH , HL formation and way above my SL levels As per my analysis 140 level was crucial and breakout above that was needed to sustain at higher levels Stock attempted multiple times and my conviction grew However as time progressed , movement became more sluggish Stock started making LH , LL Swing Highs started moving lower Crucial Support Zone started being tested by SELLERS multiple times No Matter What My Initial Exceptions Were - Market was NOW indicating that It has no Steam left to give me the MOVE I expected...Expiry was 2 days away and margin requirements would HIT THE SKY. IT WAS Time to Cut The Trade - All and All a PROFITABLE TRADE (approx. 10 K Per Lot) Lots of Learnings that a starter should take from this : NEVER EXIT YOUR UNLESS YOU HIT STOP LOSS OR TARGET PROFIT DO NOT LET YOUR THOUGHTS MAKE YOU DO TRADING ERRORS DO NOT OVER ANALYSE THE TRADE ONCE YOU ENTER TRADE WHAT YOU SEE AND NOT WHAT YOU THINK CONTROL YOUR EMOTIONS (FRUSTRATION , PANIC , ANGUISH , GREED ) P.S: ROLLOVER TO JULY ON THE CARDS
NSE:IGLEducation
by FourSTechnicalAnalysis
MAKE MONEY - NEVER TAKE SUPPORT AND RESISTANCE FOR GRANTEDHi Friends and Fellow Traders, The Simplest , Age Old technique of Support and Resistance , Time Proven and Tested and Deployed By Institutions. MOST IGNORED BY RETAIL TRADERS : STOP AND LEARN NOW !!! NO NEED FOR FANCY INDICATORS , TOOLS AND ALGORITHMS Pure Price Action Can Do Wonders To Your P&L. Watch and Learn With Me. Comment If You Have Any Doubts #PriceAction #SupportandResistance NOTE : This is the output of back testing in REPLAY MODE and NOT by simply marking these positions by looking at the prices post occurrence. This is a real world demo for your to practice on LIVE charts and not on staged data. TRY THIS ON ANY CHART IN REPLAY MODE AND SHARE YOUR FEEDBACK
NSE:TITANEducation
by FourSTechnicalAnalysis
1
BANK NIFTY POSITIONAL | LOSING TRADE | BREAKDOWN AND SETUPHi Traders, Everything seemed Perfect for this positional Trade. Price attempting to breakout resistance for the 3rd time Build up at resistance Price moving in an Uptrend Support taken from Trendline Hammer like formation showing buying presence Entry on 7 Jun Exit on 10 Jun LOSS PER LOT - INR 7500/- PROFIT PER LOT : INR 23000/- This Futures position was hedged with a PE of the index. Though we had multiple confluences , I never trade without a stop loss Now in the case of bank nifty , the daily volatility is in the range of +-300 points , hence it did not make sense purchasing naked futures and maintaining a Stop LOSS Trigger as any normal move of bank nifty could trigger a stop loss A PE was purchased to CAP the maximum loss per lot to 7500 /- Now if you notice on the charts , without PE , I would've been stopped out immediately on the same day Because the position was HEDGED , I was able to carry the trade for 4 days Also note the margin requirements for a HEDGED position reduces significantly (Almost 1/4th) Respect the Markets and Trade with a strict stop loss. LIVE ANOTHER DAY !! Keep This Information Handy and Happy Trading. NOTE : HAD THIS BEEN A NAKED FUT TRADE , THE PAIN OF SEEING A NEGATIVE P&L OF 20000 /- PER LOT WOULD MAKE TRADERS TAKE EMOTIONAL AND IRRATIONAL TRADING DECISIONS. ALWAYS TRADE WITH STOP LOSS AND ENJOY WHAT THE MARKET OFFERS :-) ******* KEEP A CLOSE WATCH FOR A BREAKOUT ABOVE THE LEVEL OF 35500 AGAIN FOR BUY *****
NSE:BANKNIFTYEducation
by FourSTechnicalAnalysis
1
NMDC 30% MOVE CAPTURED | PRICE ACTION | PRACTICE AND PATIENCEHi Friends, Wanted to share this learning of SIMPLE PRICE ACTION Techniques that once practiced with patience yields results !!! #FANOFTRIANGLES #PRICEACTION #SWINGANDPOSITIONAL PRICE ACTION USED BREAKOUT FROM DESCENDING TRIANGLE IN DAILY RETEST IN DAILY FORMING SUPPORT BREAKOUT AND RETEST IN HOURLY FORMING SUPPORT ENTRY Thanks For Your Time. Feel free to reach out to me for any queries. Join me as I teach and impart my learnings on my channel..
NSE:NMDCEducation
by FourSTechnicalAnalysis
1
Power Of Triangle Breakouts and the Phenomenal Risk to RewardHi Friends and Fellow Traders, Sharing a closed position today and the associated learnings. The P&L is marked on the charts for your reference. NSE:CADILAHC I have been a big fan of triangle patterns on 1H Frame or Higher. They take time to materialize but provide phenomenal risk to reward ratio. I have been holding this trade for close to 60 odd days and the result is in front of your eyes. Did test my patience and also a few instances of recalibrating my position, however your Conviction to the trade , Trading plan Observation of the information being provided by the market structure and price action Risk management Position sizing eventually decides the success of a trader. This was a breakout from a descending triangle hence it was a counter-trend trade. Such trades can go south pretty quickly if the breakout fails. In this case , there was an area of earlier resistance which had the potential of turning into a major support as the market had gone in a range as per the recent price action. I was banking on this as the final fall back. Combined with Support and Resistance Breakout and Retest, I saw value in entering this trade and risk reward was favorable. In the end the strategy paid off and the market responded to the support , breakout and major rally. Note : Though you see the SL being triggered on the charts , the position was not exited
CEducation
by FourSTechnicalAnalysis
1