Everything is explained on chart .. the start of the possible harmonic happens at the end of the C leg to find that you need to identify and keep an eye on the B leg Train your eyes to identify the Structure. Latter comes the logic and understanding.
Educational Post Hammer candle stick pattern is important pattern shows counter attack of bulls. This pattern has significance when price is near crucial support or near long term moving average. Hammer shows that bears are unable to beat the bulls and not able to make close in bulls territory. Bulls also shows their presence when price enters in their...
1) Double Top, a Bearish reversal chart pattern It is a trend reversal chart pattern formed after good bullish price movement (a continuous upward price movement for a good duration) where the upward price movement loses its steam (formed a first top) and it retraces a bit (to neck line or mid point). Then again it moves in direction of original trend and...
Previously, DXY encountered a fail downside attempt. Upon reversing, I entered the trade when RMO indicator (RMO by Lazybear) turned green Stop loss : - Low of the Bar - (Range of the bar) The index was initially supported by Kijun Sen but later it gave in. Lower Time frame DMI was also choppy. But, I stayed in trade as it didnot hit the SL I took out the profit...
📚 LEARN MORE 💰 EARN MORE Inverse Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does...
On this day let us take an oath to fight and conquer our bad trading habits. Let us take a look about the most important bad trading habits. Un prepared for the market : Never start a trading day without having a plan or doing analysis on the stocks/index you are trading. Stop loss : Always place stop order once you entered a trade. Over thinking : When your...
Beginners Guide.. Anyone who comes into Share-market before initiating any trade they should be aware of what is a trend ?? and How to Identify the trend !
Volume Analysis Series-1. How to read volume along with price. We are covering all aspect from trading point of view.
A Back-tested Profitable Strategy for Free!! A PIVOT INTRADAY STRATEGY for 5 minute Time-Frame , that also explains the time condition for Indian Markets The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more. The commission is also included in the strategy . The basic idea is when , 1) Price crosses above ema1...
In prior posts, we have covered some great teachings about the market and, in this post, we will elaborately cover the swing trading strategies. Let's start !! ->Definition of swing trading -: Swing trading is generally referred to as a trade carried out for a short time. Swing traders do not wait till the price action opposes their direction, they are known...
OK let's get started , A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets . The commission is also included in the strategy . The basic idea is , 1) Price crosses above upper band , indicated by a color change (green) is the Long condition 2) Price crosses below lower band , indicated by a...
Hey everyone! 👋 This month, we have been theming our posts around the concept of building a solid trading plan. Our first post asked you to think about the kinds of factors that can predict long-term success. Our second post looked at why trading plans are so important. Both of these posts you can find linked at the end 👇 Having talked about the *what* and the...
Hey Everyone, Today we are again with a lot of information and a bunch of topics, so consider following us for regular ideas and market updates Let's go Strictly into the idea So What is a Fib Retracement ? Now You might think it is just making lines and deciding on support or resistance but it's way too far, as shown in the thumbnail " The Major Levels " it...
Be it RSI, MACD or any oscillator this is how you need to identify the Pattern with its strength What you see above is Bullish Divergence ... With this understand how a bearish divergence will be. Train Your eyes... then train you mind..
Hello dear friends and mates many regards to all of you What I observed in Hdfc bank I am sharing with you that firstly it breaks a horizontal resistance which I mentioned as R1 for more confirmation I waited for breaking the second the second resistance mentioned R2 and took a trade so after taking the trade I kept a stop loss in my mind and in mine system too...
Hey everyone! 👋 Last week, we took a look at a hypothetical scenario, where a rich acquaintance of yours needed help deciding between two traders he's thinking about staking. This led to the question: "Who would you stake?". This post will continue right where that one left off. - After getting the contact info, you reach out to interview the two...
It is chart showing how RSI & Overbought & Oversold Zones help visually in finding low risk setups Example chart Used - Karnataka bank Indicator Used - RSI Color Zones by Feroz Indicator link Note: Not suggesting any Investing/Trade Idea. Its just for Educational Purpose.
30 mins candle sticks strategy for next day trading setup : I want to share a strategy which is based on candle sticks price action and the time period we should take as base. If we are able to find the setup at right time (trading sense) then win rate would be 60%+, works well in trending market; side ways market this setup may not work. Stop Loss is key and...