Steps To Follow - 1- Open The Chart In DTF (Daily Time Frame) 2- Switch To Line Graph To Capture CLOSING PRICE Of Stock 3- Now Take Trend Line From Your TOOLS and Construct A Trend Line (Joinig the CLOSING PRICE of Stock) 4- After Constructing The Trend Line ( SEE ALL POSSIBLE CLOSSING PRICES IN THE CHART ) 5- Now Switch to CANDLESTICK CHART 6 Now see where your...
THE INTRODUCTION As you all know the waves always moves in zig zag fashion, either it moves up or it moves down, but the pattern always remains same i.e. Zig zag. So, the most important question is, with which method one can define the trend or some meaningful pattern, which can help anyone to plan his trade & other opportunities. There are multiple technical...
Hi all 👋 We all know about three types of trading styles -- investment, swing trading and day trading. Yet most traders remain confused when it comes to trading timeframes. Through this post I just want to eliminate this confusion once and for all. Let us understand some basics.... ✅ Anchor Chart This is the chart used to determine the trend of the market....
Most traders and investors treat trading as a hobby, because, they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Anyone who wants to become a profitable stock trader need only spend a few minutes online to find such phrases...
Bitcoin Drops Subsequent To Powell’s Inflation Remarks ✅ In the previous day, the price of Bitcoin fell by 6.3%. The majority of cryptocurrencies also lost value after Powell’s remarks. Bitcoin and other cryptocurrencies fell on Friday as traders reacted to hawkish remarks made by Federal Reserve Chairman Jerome Powell during a major address...
Hey everyone! In this post, we are going to talk about different types of charts that are used in technical analysis. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading! Charts are used to illustrate change in prices over...
Tried to capture Elliott Wave Theory Patterns:- Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). 3 Cardinal Rules of the Elliott Wave Theory Rule Number #1: Wave 3 can NEVER be the shortest impulse wave Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 Rule Number #3: Wave 4 can NEVER cross in the same...
Diamond Chart Pattern in Classic Technical Analysis is associated with Trend Reversal. However, in Elliot Wave it may act as a Trend Continuation pattern. In this case the pattern mostly occurs in wave B. Since this is a very powerful pattern which occurs rarely, should not be missed as gives a very fast move. The pattern occurred in Adani Enterprises Hourly...
Hello Everyone, Before Starting we will Know about the Strategies of working at 50 and 200 Ma with an Indicator well known to you 🤜 So Lets Start Strategy of 50 and 200-day Ma's WIth the Indicator Stochastics In the strategies, we would take a simple moving average of 50 and 200 days and take Indicator Stochastics, Now whenever you see a Crossover of 50 and...
3 Parameter Strategy is a very powerful strategy based on 3 indicators. This strategy works best with Daily Candlestick Charts It can be traded with different styles of entry and exit. Instruments Futures Cash Indicatos Used: Bollinger Band MACD RSI
Hello Everyone, Before Starting we will Know about the Derivatives Of Morning star and Evening star So Lets Start Morning Star Derivatives (Remember it is on the Bottom side) 1. Abandoned Baby 2. Doji Star 3. Star and Gap 4. Hammer 5. Reverse Hammer 6. Doji Hammer We will talk more deeply in the Next Part Also, I suggest 50 and 200-day MA take into use on...
#RolexRings tried to cross 1350 levels three time in 6 months of 2022 and as successful in doing that 3rd time. After which it gave 40%+ return in 2 months
Hello Everyone, Before Starting we will Know about Opening and Closing Marubozu So Lets Start Opening and Closing Marubozu An Opening Marubozu is a White Candle that has shadows only on its Closing Price and A Closing Marubozu is a Black Candle that has shadows only on its Closing Price, Remember they are not showing weakness that the stock is definitely will...
Hey everyone! Last week we talked about the basics of derivatives and what all different derivative instruments are available in the markets. In this post, we will talk about the types of people who use derivatives and why they exist. There are broadly three types of participants in the derivatives market: → Hedgers → Traders (also called speculators) →...
Using Indicators to Display Buy and Sell Signals It's difficult to tell which ones to trade and which ones to avoid on the chart, so this is my idea of how I traded with this indicator when I was new to trading. I hope you enjoy it. Plot two indicators : (1) Buy Sell Indicator (2) Option Volume Indicator (it consists of average RSI and it has already...
The stock is about to breakout from a big resistance from December 2015. The price tried to cross the resistance several times but was unable to do so. This time the volume has been rising as seen in the chart so there seems to be a very possible chance of a breakout. Note - This is not a recommendation, it is just for education purposes. Trade at your own risk.
✅Almost all traders read books and tutorial over the internet regarding technical analysis and patterns. After reading a lot of literature, traders start believing that some patterns ought to work 100% of the times. But according to my personal experience, this is just a mistaken belief. ✅The chart patterns are based upon human psychology, which the pioneers of...
Hi all, hope you guys are doing well. We retailers spend a lot of time in searching for that "holy grail" in trading. The majority of the time our search is centered around different strategies. However, in my opinion, "Strategy is overvalued whereas risk management is undervalued" . A chart can be analyzed in different ways by different traders. A trader...