Unit_of_Technical_Analysis: Weekly Cycles Chapter 4: Trading Fibonacci Levels & Extensions of the Bull Cycle Fibonacci levels Tools used: 1. Fibonacci Time Frame: Weekly Method: 1. We have got the Bull cycle of 2016-2020 here and we are measuring the moves on Fibonacci Retracement on 2012-2016 cycle. 2. We have got the Bull cycle of 2020-2023 here and we are...
When every u see a strong trending or trending market so alway enter on PULLBACKS because it protect Your stoploss from hitting before market move in ur favour MAKE A RULE IN UR TRADING RULE BOOK THAT IS (I ALWAY ENTER ON PULLBACKS) Keep learning from ur stoploss
Patterns have been in use for as long as technical analysis have existed and are working today also, traders all over the world try to find patterns in chart to anticipate the possibility of the next move for any Index or stock. Pattern have a reason for working this greatly because all the patterns have an underlying psychology behind it and all these are driven...
Unit_of_Technical_Analysis: Chapter 3: Bull Cycle: how to identify prior phase, The Bull Cycle, How to trade the Bull cycle. Tools used: 1. Fibonacci 2. Relative Strength Index (RSI) (36) 3. Moving Average Convergence Divergence (MACD) (18, 36, 9) 4. Moving Average (MA) (36) Time Frame: Daily Method: 1. Bullish Divergence & Falling Wedge (or...
Preceding Trend: Up Time Frame: Daily Chart Pattern: Falling Wedge Breakout Bullish Reversal Observation: Breakout of down trend line Closing outside falling wedge Breakout on decent volumes 15% potential upside from breakout Pattern fails, if price closes below Falling wedge low
Preceding Trend: Down Time Frame: Daily Chart Pattern: Breakout of Downward Channel Bullish Reversal Observation: Total 5 touch points 3 touch points on highs 2 touch points on lows Partial Decline making Higher Low confirms beginning of fresh uptrend Breakout on decent volumes 25% potential upside from breakout Pattern fails, if price closes below the higher...
In this video, I explain how myself and KR exited partially in Infosys as well as TCS earlier this week. I hope this video helps. Best wishes, Umesh 5-1-22
HOW GOOD ARE STAGGERED INVESTMENTS? BACKGROUND We all know the catchy word “SIP” which stands for Systematic Investment Plan. This may well be the most frequently used word in the Mutual Fund business and for savings as well as investments in general. And there is nothing wrong about it as a large retail investor base would not be able to invest in various...
Let's talk about each waves of Triple Zigzag: Wave W (5-3-5) impulsive: ((a)) = ((b)) at 17709 which is close actual low 17613. Its a sharp zigzag. Wave 1X corrective: Wave ((b)) 3-3-5, Running Correction which is little complex. Wave Y (5-3-5) sharp: ((a)) = 0.786 ((b)) at 16824 which, is very near actual low as 16782 Our first question is, What is the...
Bajaj-Auto Analysis and Buying reason. How not buying near support can save money and time.
Trading Psychology behind Conviction. Trading Psychology behind Conviction
The high tight flag chart pattern is an extremely bullish formation. It is formed once a stock rises sharply by 50-100% within a few weeks or 1-3 months. After that stock pullback is small i.e. 25-30% In the next step the price tightens up i.e. small candles or less volatility in the price Finally, the stock breaks out with heavy volume The stop can be...
Are you confused as to how BTST trades work? Firstly, BTST trades simply mean "Buy Today and Sell Tomorrow." That is, you simply buy a particular stock today and exit it tomorrow. I would like to clarify that every broker allows you to take BTST trades and there are no extra charges for executing such trades. Like intraday and swing trading, it is just one of the...
The majority of short-term trading results are just random. In the long term the money ends up with those that can trade and manage risk. Why Risk Management is Important? People who don’t follow Risk Management they can blowout their account easily. For instance, they are taking 20 % risk of trading capital, then only 5 wrong trade can blow their account....
Dow has created Island reversal Candle stick pattern on its daily charts. This pattern suggest that the down trend will continue and bulls are trapped. As mentioned in the previous tutorials, 34100 is extremely crucial level for Dow . Closing below this may form a head and shoulder trend reversal pattern which will be much more worse than this pattern....
Hello Traders, in this post I will be talking about our entry signal which we will use in our strategy. Most of us already know about candlestick pattern but we don’t apply in proper manner. Firstly, we should use candlestick pattern in Support and Resistance or Trendlines that’s where it provides good entry point. Secondly, size of candle is important compared...
1. Head & Shoulder pattern formed after good upmove. 2. Price clearly facing resistance after that. 3. Price may move down to 16550 which is target for SHORT side as per Head & Shoulder pattern.
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