Yet another one of my Powerpacked strategy to benefit retail traders & Investors in the market to earn consistent profits!!
It is important to check swing lows and swing highs for analysing prices for short term trading, this concept of price which tells us that the support becomes resistance after breakdown, can be understood by this chart analysis. But why this happens ? See we often use this concept in our daily trading the logic behind such pattern and price behaviour lies in...
Linear Regression Line: The line that fits all the data points, in stocks is considered the line where the majority of the price action is distributed. " R Square" value It deviates in the range of 0 to 1, the closer the value to 1, the better it is It defines the Best fit of data. Upper Channel Line: A line that runs parallel to the Linear Regression Line and...
Triangles are very common and promising patterns. Normally they are considered as continuation patterns in the direction of prevailing trend. I am presenting here three useful entry techniques. None is better than the other and each one has its own strengths and weaknesses. ANTICIPATION SETUP As the name suggests, the trade is taken before the triangle...
#Characteristics of Bow-Tie Diametric pattern *It's a seven legged Elliot / Neo wave corrective pattern *Wave A=G,B=F,C=E.wave D is connector. *Wave B takes less time then wave A took to form,and can correct wave A by more then 61.8%. #Reasons for not considering this entire swing as an impulse/triangle move *Wave B has retraced wave A more then 61.8%(In an...
>Integrating this belief in your trading environment or system helps you to think in terms of possibilities for given market opportunity. >By this , you will be having neutral perspective while identifying an opportunity at given moment . This belief compel you to place a descent stop loss to defend capital in an extreme adverse movements of...
Options (Index & stock) have been double edged sword. In the hands of experienced traders, it has resulted into multi fold growth of capital but at the same time for beginners or new traders, it has been capital killer. Over the last 5 years, I have had opportunity to speak to hundreds of traders most of which have lost their hard earned money by trading options....
Dow Top Has Broken. Will market continue rally? Nifty has changed its trend today.
Hello everyone, I have tried my hands to explain Kennedy's Channeling technique (KCT), In this video what I have explained is: ZigZags ( Internal pattern & concept of channel) Flats (Internal pattern & concept of channel) Impulsive waves (Internal pattern & concept of channel) & a Example Please do comment what you guys like about the video & scope of...
1. What is the Ascending channel pattern? - Price trade within the range in an up trend, it forms a higher high and higher low. - The channel provides support and resistance - Until prices continue to advance trade within the channel - Volume Activity turns stagnant 2. How to trade it? - If it breaks above the resistance line, extrapolate the channel...
A hammer candle is very powerful and the more late it forms in a timeframe the more powerful it is! If you like my content here I will post more tutorials!
Hi You must have often heard that a resistance once taken out could act as a potential support level. Let us see through this chart how this happens. Firstly there is a strong resistance zone on the left bottom of the chart, which is also 2019 high. Price took a knee jerk reaction from that level. Many traders would have bought near the highs in a bull market but...
Hey everyone! 👋 Alerts are a key trading tool that every trader should know how to use. Check out this quick guide for more information and some secret tips! What are alerts? TradingView alerts are immediate notifications you can set for yourself when the market meets the custom criteria you create. For example, "Alert me if Nifty crosses above 16000". All...
Those 2 green bars were of 6 & 8% resp. With no follow through. Price is sideways with major pick in volume, shows strong supply is incoming n those 2 green bars were created to lure Public. There can be a pullback, but it wont sustain. Increasing of volatility is a sign of big move, since 5%+ moves have become normal since mid May 2022. Even a 6% move on 16 May...
Traditional technical analysis focuses on how to trade when a market breaks a significant high or low but never when what happens when it holds up. This is where I come into the picture. I have repeatedly posted these trades because they provide an extremely asymmetric risk reward ratio. During bearish phases, it is important to adapt to the market conditions. It...
Why It is hard to Hold a winning position. ? ---------------------------------------- Suppose You took a trade ,bought 100 quantity at price 100 , with a SL : 80, and Potential target of 120, Now what happens it goes up to 105 (you think your analysis is good let us wait) Then it come back to 100 went further down till 90 (you thinks it is ok we have to give it...
There are three types of technical indicators that I have listed in this post- Trend, Momentum and Volatility . This is not an exhaustive but selective list of indicators. The selection is based upon the most useful and the most popular ones. 🔊 General Definitions ✔ Trend Indicators : They represent the overall direction of the market. These indicators lose...
The best way to find the type of trader you are is to see the capital curve,(or equity curve) over time into your trading account. Over time it may increase or decrease depending upon your performance but the way it is increasing and decreasing will give you an idea of where you are going, towards a professional trading or still in the 95% of crowd, who overall...