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...
Hi 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...
Hi 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...
Hi 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....
Hi 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...
