Hey everyone! 👋 This week, we will be taking a look at the ingredients that go into creating and posting high-quality trade ideas. While many think that a good trade idea begins and ends with finding a high probability chart setup in a liquid, volatile asset, the *best* trade ideas often combine multiple disciplines - which could include macroeconomic analysis,...
This post is about simple entry,stop & exit,adapting the market movement. It will be useful to new traders. Watch it fully so that you wont miss important points. Most of the time we do analysis and market give completely different scenario to handle. In this post I have explained about the trading execution using my yesterday’s analysis. I have explained the...
One trade cannot make you rich, therefore it is important to not run behind every breakout trade and risk too much on a single trade. By working equaly on all the 3Ms of trading we can balance our emtions and trade effectively. Let's see how with the help of 3M framework we can trade above range breakout pattern. 1- Method Management Simple range breakout...
understanding market psychology and market structure 1] price can take pause ,rejections and acceptance at imp psychological levels -round figures, previous day high ,low ,close and pivot level. 2] 15 min hammer candle can triggers huge rally.
🛑in Yesterday market analysis i told that there's indecision between buyers and sellers at high level , and today also market is rejected from 38800 - 38900 levels and if you see the BANKNIFTY in Day frame chart we can clearly observe that it forming bearish candles at higher levels -in today market we can observe that there's is indecision between sellers and...
Query 1 : I start the day with profit, but at the end of the day I am in loss. How to avoid it? Query 2 : My profit is going to brokerages only, I am not making enough profit. How to over come it? Answer : One of the biggest causes for a trader to lose money is over trading. The emotion which causes is nothing but greed. A fearful person who hesitates to place...
The above chart is that of a Weekly Timeframe. Here we can see that a Rounding Bottom is formed at the top of Reliance when it is trading at all time high. Why a Rounding Bottom is formed? A rounding bottom marks a struggle between buying demand and selling pressure that is almost equal. In the first part of the formation, the sellers overpower the buyers...
The above chart is the daily chart of Bharat Electronics . Here we can observe that the stock has formed a Cup and Handle Pattern. Now I shall elaborate in detail on how to trade the Cup and Handle Pattern with appropriate Trading strategy and Psychology. In the above chart, we can observe a stiff resistance at 160 levels for the stock. Hence it needs to be...
I get a lot of questions about Elliott Wave but a particular question often received from the followers: Where to start wave counting on the chart? How do I begin/start wave counting on the chart? How do you do Wave Counting? I’m going to introduce working 3-tricks which are used by me while establishing Elliott Wave Counting on a chart. These are my...
The quality of our life depends upon the quality of the question we ask. I think it's the same with trading also, successful traders ask better questions, and as a result, they get better answers. They get answers that help them to know exactly what to do in any situation to produce the results they desired. Below are the 5 questions that will help you to stay...
Queries are in the chart. When you enter/take any trade, you should know your stop loss, targets and duration to carry on with the trade. The direction of the price wont affect your capital if you have a proper plan about the trade. It will save your capital and will make you profitable in long run. No one knows how long a trend will have strength, how many...
Look for Low risk, High reward, and High Probability setups. – Richard Weissman Scenario Many traders get destroyed by fighting the trend, insisting that the market is due to reverse itself or they try to chase the market. They may try to catch short-term countermoves in hopes of making a few quick points, or they may always look to catch tops and bottoms in...
PNB Analysis: Probability Of Patterns
A breakout trade will work almost right away from the start, if the breakout happens with huge momentum and then you see Doji candles or hammer then there is a problem with follow-up. A bullish breakout must always be accompanied by a good follow up, else it cannot sustain. Bullish breakout needs good bullish candles, not Doji. Note-As soon as you enter a...
Inverse Head and shoulders Pattern is the mirror image of head and shoulders pattern. Read about Head and Shoulder Pattern here: Inverse H&S Pattern is bullish reversal pattern. Signals the traders to enter into long position above the neckline. Volume play a major role in both H&S and Inverse H&S Patterns. Usually the spike in volume on breakout is...
Leveraged trading allows even small retail traders to make money trading different financial markets. With a borrowed capital from your broker, you can empower your trading positions. The broker gives you a multiplier x10, x50, x100 (or other) referring to the number of times your trading positions are enhanced. Brokers offer leverage at a cost based on the...
Trading Journal is the only key tool to develop your strategy by time, by reviewing & not repeating the same mistakes again. Here i shared my Simple Trading Journal (Format & Example) for your reference. Keep Journaling & Never Stop Learning. Think & Trade in Probability. Note: I Personally use Google Keep to JOURNAL & REVIEW my trades.
Lets start this week’s chapter with the story of “rabbit & tortoise” Rabbit & tortoise decided to have a running race. Race 1 : In between the race rabbit slept & tortoise won. Moral of race 1 : You should take continuous efforts to become a successful trader. Race 2 : This time rabbit did not sleep and won. Moral of race 2 : No strategy will work 100%. Accept...