disclairmer - only personal view
We can use 200EMA line as a major support or resistance. 200EMA level is most reliable for your trading decision.
1) Cryptocurrencies: Highest Risk, Highest Return :- There are 3 main types of Cryptocurrencies in the market now which are the most actively traded – Bitcoin, Ethereum, and Litecoin. Think of this as a new version of a stock, where the underlying thesis is the idea of decentralized ownership and value. For any other currencies in the market, for eg. USD , it...
Nifty Made a three black crows pattern/ pattern activated after today low break. 1) What is Three Black Crows Pattern ?? Three Black Crows got its name from its resemblance to three crows looking down from their perch in a tree. This signal, occurring after a strong uptrend, indicates the crows looking down or lower prices are to come....
Query : How to over come losses and become a profitable trader? Answer : This is Part 3. I have attached the links for Part 1 & 2. If you are new, read those and then continue Part 3. Step 6 : Develop self awareness. Knowing what type of trading suits you give an edge in trading. Example Swing trade Intraday trade Momentum trade Break out trade Once you start...
Archive of Discussion - Now, Our core assumption is - It will eventually give a breakout (or, breakdown) and will continue the trend. So, in short, Flag Pattern is a trend continuation pattern that allows you to catch a trend in the middle! If We revisit the recent amazing Uptrend of Wipro, You can see there are three clear Flag Formations in the W...
* I am always trying to avoid trend lines when Open a chart. * You can find Support and Resistance with help of trend line but if want to initiate a trade trend lines are less reliable as compared to Horizontal Boundary. # Thats why i always preferred Horizontal Boundary lines when initiate my trade. Kindly let me know if you have any questions.
Trying to understand charts, does my way of understanding the charts is correct? seems here it is going to breakdown ascending trend channel
My personal experience on Swing trade Why i choosen swing trade.. How Long i am in trading business reason to post this video for trading knowledge Complete Mind game
📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to...
Idea just to identify the pattern. Homing pigeon, is a pattern where a small body candle is formed inside a big candle. It indicates weakening of the down trend. Wait for confirmation candle.
Conclusion :- 1. Trailing stop loss is an order that locks in profits as the price moves in your favor. 2.You can trail your stop loss using: Moving Average, Average True Range, percentage change, market structure, and weekly high/low as well . 3. Investors uses above way to ride the trend till the last, & enjoys profits 4. as a investor you can ride it with...
This is pure educational post, and this post is not for analysing further movement. Many viewers think why I am analysing Nifty on 15 min candlestick, well actually I analyze in multiple TF. If you're a nifty trader, then you need to realize the importance of even 5 min candlestick. One strong 5 min candlestick can be of 50/60 points of nifty. Imagine this one...
See Although Godrej Prop has triggered that has triggered as per the mechanical methods of Bollinger Band. Now it can obviously fall. We always have our 50% chance of being right. But this is a case I will avoid as “I think” it is a continuation of the uptrend. This is a short timeframe analysis and if we see the higher timeframe - The short triggers on the...
Points to be remembered !!! ENTRY :- * Wait for your signals * Avoid FOMO * Do not revenge trade * Use correct size * Do not chase price EXITS :- * Let winners run * Cut losses quickly * Do not add to a loss * Accept losses and move on * Use targets but stay flexible OTHERS :- * Take trades with a good RRR * Think long term * Establish clear rules for...