here we have discussed what are the important things that you will need to become a successful trader. 1. Techinical Analysis Skill: Understanding the chart behaviour; Price Volume Support and resistance Trendlines 2. Risk Capability How much money you can afford to lose on a single order, and on a single day. 3. Peace of Mind Are you having...
What is a BEAR-TRAP? --> BEAR-TRAP is a condition in the market where the Price gives a Breakdown below a Potential Support zone but quickly Reverses back above the Support without giving a follow up bearish candle. Why a BEAR-TRAP occurs? --> Big Players who are bullish on a specific stock would be wanting to buy a big quantity of shares at the...
Triangles are one of the best continuation patterns. They are normally seen in the middle of a trend as the price halts and rebuild energy to resume in the direction of prevailing trend. In this particular variation shown on the chart, the price breaks against the trend. It would look like as if the pattern is about to fail but the breakdown ends up in a trap. It...
✨SCALPING TRADER :> The main advantage of scalping is the ability to gain profit from small price changes within the shortest time frame possible, which is often amplified by a larger position size. This is an intra-day type of trading which means that positions are closed before the end of the trading day or session ✨DAY TRADER :> A day trader buys and...
1.The Quick and Silent Sniper- The sniper is a trader who has a lot of patience, who sits quietly and waits. At their side are the predefined perfect conditions for entry and exit. The sniper waits and waits for specific levels. *2. The Scalper- This type of trader is very aggressive. They find themselves in many intermediate levels in the range of the rally...
For each U-term , this stock is created TAIL . Look at the box, I have drawn TAIL so you can easily check it. Suppose, wave(2) has Tur n then it will create a tail on hrs chart . Resistance 423 nearby. Predicted waves if everything fine.