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How to Journal as a Trader or Investor on Trading View ? Summary of this video There could be Two types of people Journaling, one who is daily journaling and one who is weekly journaling; both will do the job. You can make two notebooks for the same: Feelings-based Journal and Stats-based Journaling. Both serve different purposes. A feeling-based journal helps you to create a daily habit of writing some compulsory things like pre-market, vix, post-market, and setups, and ask why in terms of positions - if taken and if not taken, whereas to get into the habit of writing a feelings based journal also dig deep into some really important terms like cpi inflation, ppi of some significant economies which effects your markets. These things won't affect your trading, but such add-ons help you give a direction to your journaling power. A Stats-based journal contains different columns, as told in the video; feel free to add more of your favorite ones and change them as you wish, but every single trade should be respected in such a manner. Journal every single trade like this in terms of numbers. Remars is very important in this journal as it will guide your Fear and Greed. In conclusion, Finally, if you can do this for at least one month, you will see good results, but what exactly do you have to see? After one month, read your first-day feeling journal and the first two or three trade remarks. You will be amazed to see how silly mistakes you made in the past or how efficient you were back then and now you are making those mistakes; either will help you grow in mindset and profitability. It enables you to become a better trader by 1% daily. Feel free to put more ideas and thoughts below in the comment section. Good luck journaling
NSE:SBINEducation
by Averoy_Apoorv_Analysis
2
IEX - entering Stage-2 after long accumulation- trade/investmentThe analysis is done on Weekly TF. The purpose of sharing this analysis is to make viewers understand the stage concept Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock. A stock goes through 4 stages in its lifetime and the cycle repeats. The stock has been in accumulation phase for past 2 years almost and now seems to be coming out of its stage-1 and entering into Stage-2 A stock moves fastest in its stage-2 and hence a stock entering stage-2 should always be on our radar for opportunities if we want to make good money. This concept of Stage analysis has been used by many traders/investors like Mark Minervini and others. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:IEXEducation
by TradewithAditya
2
What do you think of this swing trading approach?Hi TV community. This view is based on my own approach to swing trading. METHOD Select 60 PSU stocks Trade only on the Weekly Timeframe Exit trade when price hits 6.8% over entry price. (The 6.8% corresponds to one year FD interest rate of SBI) There is no concept of stop loss with this approach as we give 52 weeks time for the stock to hit TP level of 6.8%. In most cases, TP level will be hit well within that period. OPPORTUNITIES After taking out all trading holidays there are 50 weeks of opportunities every year. So, with 60 stocks you will have hundreds of opportunities in 50 weeks. I have personally experienced that this presents ample opportunities for regular trades. Since I trade only on PSUs, even if price slips for a couple of months, then also there is no stress because I know I will get dividend while waiting for price to hit my target price. RULES THAT I FOLLOW My capital is always 1,00,000 per trade. Profit target is always 6.8%. ADVANTAGES This approach ensures that trading is very organised and systematic as the universe of stocks consists of fundamentally strong ones. As trading is on weekly time-frame, it helps in relaxed trading. Trading rules ensure that reward and waiting period are known in advance - so expectations are always grounded. Because the trades are only on PSUs, bigger capital can be deployed per trade with confidence. This discipline ensures that trading is approached with a business-like mindset. So, as an ex-Banker, I always approach every trade with safety in mind and found that only trading PSUs as per the approach outlined above has helped me be profitable in the stock market. Hope this idea makes sense and appeals to some of you. All the best with your trading.
NSE:GMDCLTDEducation
by PriceCatch
'SWING' your losses into profits with 'SWING' trading strategiesIn 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 for their prior moves. They are good at identifying the shifts in market trends with the help of various techniques which are explained throughout this idea. Swing trading strategies include the use of Fibonacci, Bollinger Bands, Channel Trading, Moving Average, MACD crossover, and better understanding of chart patterns like Head & Shoulder, Flag, and Triangle Patterns. We will discuss chart patterns, later on, now let's focus on the indicator strategies. - >Swing trading strategies -: ->Fibonacci Retracement: The stock price tends to retrace, and swing traders use this retracement as an opportunity to enter a trend. The retracement levels could be identified using Fibonacci Retracement, all you need is to identify the prior trend and if the price retraces to the 0.618 level and again resumes the trend jump on it and ride the position till it reaches 0.236 level. ->Bollinger Bands : Most probably, the stock price tries to move in the Bollinger band, which is used by swing traders to initiate and terminate their position. Firstly you need to identify the major trend, let's suppose it's bearish than when the price reaches the upper bound and there is a formation of a bearish candle you could initiate a short position also when a bearish candle is formed at the median, there also you can initiate a short position. ->Channel Trading: Sometimes, stock price trades in a channel now this channel is used by swing traders i.e. when the trend is bullish they try to take long position at the lower range of channel and book partial profits on median and wait for the price to reach the upper end. ->Moving Average: Here traders identify the major trend and take position according to it, with help of crossovers they generally prefer 10DEMA crosses 20DEMA. ->MACD : This is a simple strategy where the trades are initiated when there is MACD crossover but the cross should correlate with the trend. My Observation-: These strategies could be more accurate if used to trade with the trend, i.e. if the stock is in an uptrend only take positions for a positive signal and just avoid negative signals. Another basic strategy is to take a position when a script moves above the swing high or below the swing low, here the only thing to ponder is to manage your risk. Don't take over positions understand your risk appetite then take positions.
NSE:NIFTYEducation
by Chaser30
20
Trading Style verses Trading TimeframeHi 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. It conveys a trader whether the market is in uptrend, downtrend or sideways. It sets a bias for the trader. It also conveys us the information about the major support and resistance levels. These levels may provide excellent trading opportunities in future. ✅ Trading Chart Now that we know the trend through the Anchor chart, we have to take our trading decisions. Anchor chart is too big to take trading decisions. Reason being your stop loss would be too wide if you trade on the basis of Anchor chart, so we have to shift to a lower timeframe. This time frame is usually 4-5 times lower than the Anchor chart time frame. This lower time frame helps a trader to pinpoint his entries and decide upon his stop-loss to avoid unacceptable losses. Also minor support and resistance levels are more clear on this chart. ✅It is your trading style which determines your trading timeframe. For more clarity, refer the chart above. ⏰ Bro tip 🚩Anchor chart helps you to trade in the direction of trend. 🚩When the trend is up on the anchor chart we should look for only buy set-ups on the trading time frame. 🚩When trend is down on anchor chart, we should look for only selling opportunities on trading time frame. 🚩When trend is side ways, buy at the support and sell at the resistance. Hope this post will be useful for some traders and to the very least reduce the confusion regarding timeframes. Thanks for reading @Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
5
'SWING' your profits with 'SWING' trading strategies !!! In a series of educational posts we have covered so far the candlestick patterns and moving average crossovers, in this post we will elaborately cover the swing trading strategies. Let's start !! ->Definition of swing trading - : Swing trading is generally referred to a trade which is carried out for a short duration of time. Swing traders do not wait till the price action opposes there direction, they are known for there prior moves. They are good in identifying the shifts in market trend with the help of various techniques which is explained throughout this idea. Swing trading strategies include use of Fibonacci, Bollinger Bands, Channel Trading, Moving Average, MACD crossover and better understanding of chart patterns like Head & Shoulder, Flag, Triangle Patterns. All the above said patterns has been covered in the previous ideas on continuation patterns. ->Swing trading strategies -: ->Fibonacci Retracement: Stock price has an tendency to retrace, and swing traders uses this retracement as an opportunity to enter in a trend. The retracement levels could be identified using Fibonacci Retracement, all you need is to identify the prior trend and if price retraces till 0.618 level and again resumes the trend jump on it and ride the position till it reaches 0.236 level. ->Bollinger Bands : Most probably, stock price tries to move in Bollinger band, which is used by swing trader to initiate and terminate there position. Firstly you need to identify the major trend, let suppose it's bearish then when the price reaches the upper bound and there is a formation of bearish candle you could initiate a short position also when a bearish candle is formed at median, there also you can initiate a short position. ->Channel Trading: Sometimes, stock price trades in channel now this channel is used by swing traders i.e. when the trend is bullish they try to take long position at lower range of channel and book partial profits on median and wait for price to reach upper end. ->Moving Average: Here traders identify the major trend and take position according to it, with help of crossovers they generally prefer 10DEMA crosses 20DEMA. ->MACD: This is a simple strategy where the trades are initiated when there is MACD crossover but the cross should corelate the trend. My Observation-: These strategies could be more accurate if used to trade with trend, i.e. if the stock is in uptrend only take positions for positive signal and just avoid negative signals. Another, basic strategy is to take position when a script moves above swing high or below swing low, here the only thing to ponder is to manage your risk. Don't take over position understand your risk appetite then take positions.
NSE:NIFTYEducation
by Chaser30
HOW TO RIDE HUGE RALLIES & MOMENTUM! Hello Traders! This is a learning analysis for 'How we can capture momentum & ride huge rallies in stocks.' I've taken the example of HFCL. As per the chart you can the current bullish candle closes above the green line (6ma). Whenever this happens near any support of demand zone or any moving averages stocks become bullish. In this stock it is bouncing back from the 50 ma net(red - blue - red lines). For SL we can keep it below the low of the current weekly candle. Entry can be taken @cmp. The 1st target considered is exactly 1:3 RR. Further move is expected in this trade. So SL can be trailed as per price action. How? If any weekly candle closed below the 6ma, SL will be exactly triggerd and we should exit there or should book partially. For instance see the same chart during May-July. You'll see how it worked.
NSE:HFCLEducation
by Cruoso4u
2
How to better time your entry and exit in Swing Trading?This charts shows the possible areas where one can look for trading opportunities (through Price Action Strategy) and be profitable from it. Swing Trading is better for beginners in Stock Market and Price Action is one of the ways to approach Stock Market. Through Price Action, one can identify the current market structure (uptrend/downtrend/sideways) and so better trading decisions can be made, which will pave way to better time entry and exit. Drawing trendlines, patterns, support and resistance and reading candlestick patterns are some of the ways in Price Action Trading. A good price volatility of a stock is essential especially from the traders perspective, as traders tend to make profit from the market using its volatility. Another important thing in taking up a trade is choosing the right Time Frame because in terms of volatility many of the stocks would fit into 1 Day time frame, some stocks would fit into 1 hour time frame, 4 hour time frame or 30 mins time frame etc. With all this in consideration, one can be expected to make entry in breakouts and shorting in breakdown. One should manually go through as much charts as possible and add to their watchlist that fits into their strategy. This roadmap is one of many ways to approach trading in Stock Market. This is just for Educational purpose. Thank You
NSE:HDFCAMCEducation
by Sivabharathi03
[Educational] Building Your Weekly Price Action WatchlistThis post helps you to understand how you can project any pattern formation in earlier stage. Also, It helps you to build your perfect weekly watchlist. Create Your Price Action Weekly Watchlist in Following Sections: 1) Early Stage Price Action(Waiting Phase) 2) Mid-Stage Price Action(Reversal Entry Phase) 3) Final Price Action(Breakout/Breakdown Entry Phase) Just spend few hours of your weekend and you don't required any screener to find perfect entry stock. You can build this watchlist according to your trading style. Timeframe to be consider: Intraday Positions: 5 Min, 15 Min, 1 Hour Short Term Positions: 1 Hour, 1 Day, 1 Week Long Term Positions: 1 Week, 1 Month
MEducation
by TradZoo
1
How to ride on a swing trade ??? Ex :AMZNHow to ride on a swing trade? One good strategy in price action is to use 21 EMA and ride on swing trades for short or long terms. 21-day EMA can be called as the Goldilocks of all moving averages. 5,8,13 can be too tight and 50,100,200 are too loose for looking at moving averages, hence 21 EMA can be considered as a powerful average. In this strategy 21 EMA LOW and 21 EMA HIGH are plotted on the graph forming a channel. Any channel breakout up or down triggers a buy or sell respectively. The bar which detaches with the bar which pierced out of channel can be used as a buy or sell. Please remember this bar should be in the trend up or down respectively to the earlier bar which is piercing out of the channel and not at same levels. In uptrend, high of that second bar can be used to buy and in downtrend, low of the second bar can be used to sell. Put stop loss of one bar below for uptrend and one bar above for downtrend. Keep trailing as per the risk appetite. We can add during the trend when the candlestick bars touches the channel line and again detaches itself to follow trend, same second bar high should be used as explained earlier for buy or sell respectively. Keep raiding this trend until the bars touch lower channel in uptrend and upper channel in downtrend respectively. There are many ways to take profit as per your money management. Book profit at 1:2 or 1:3 or 1:4 etc as per the risk. One best way is to put trailing stop loss at high of every bar, it can also be at low but if the size of bar is big and in case of reversal of trend, that bar length of profit would be lost. If the bars are too big then half of the bar can be used for stop loss to average out of profit on reversal. If the bars are far away from channel profits can be booked. This works very well for 1 hour and above time period. Certain stocks may not fall into this strategy due to way they operate or may very rarely follow the above 21 EMA channel pattern. Above chart is an example and we tried to put strategy as simple as we can. Exceptions to strategies will always be there, so please back test as much as you can to understand this method. Hope this helps to gain a bit of knowledge! Please press like or thumbs up button, if you like this strategy, Thanks
NASDAQ:AMZNEducation
by AdhigamaTrading
2
MCX breakout retest successful!Resistance line is retested as support as demand has increased. From couple of months it’s been moving in that channel now it’s time for a long. Entry: above 1600 Target: 2000 SL: 1450 (It’s not an investment advice, do at your own risk) Key points: When a resistance is converted as support it means there are more bulls than bears amd demand for that has been. This can be a sign of bullish swing. We should also look for another signs like candlestick pattern or look what fibonacci says.
NSE:MCXEducation
by zavier_sk
ASTRON | WEEKLY ANALYSIS | 40%-100% UPSIDE POTENTIALCLOSELY WATCH THE LEVELS VOLUMES HAVE STARTED TO POP IN 23/6/21 - Smallcap, Material (paper)--posted negative results FY21---quarterly results mar21 is positive -W- Stock has bottomed out and started making positive price structure - Above all major EMA on D, in W, crossing 100EMA with good VOL - Parameters positive on D & W - Volume have started to increase - Breakout and close above 60-62 on closing basis with good volume will validate - Can initiate buy at lower trendline if makes bullish candle - 100EMA and Resistance confluence
NSE:ASTRONEducation
by Stockupy
Identify Trends Using Moving Average and Trade accordinglyMoving Average (MA) is a widely used technical indicator that smooth's out price trends by filtering out the “noise” from random short-term price fluctuations. The most common applications of moving averages are to identify trend direction and to determine support and resistance levels. When asset prices cross over their moving averages, it may generate a trading signal for technical traders. (In this chart when red line makes a cross over the green line on the Upside a Buy signal is generated, similar when the red line makes a cross over the green line to the Downside a Sell signal is generated) Moving Average Length: Common moving average lengths are 10, 20, 50, 100 and 200. These lengths can be applied to any chart time frame (one minute, daily, weekly, etc.), depending on the trader's time horizon. Here in this chart I have used (9,21) length to identify short term trend. Now, lets talk about how to prevent our self from taking trade on false cross over (Here in this chart what i observed is-MA tends to provide more accurate signals when the cross over happen in either upward or downward direction, while a flat crossover as spotted within the circle gave a false move and an indication of a sideways trend please do like, share and comment if you have any suggestion for me Thanks
NSE:SBINEducation
by N50-ANALYST
6