If you are a stock or options trader, you might not have taken the trade without analyzing the charts. Gone are those days when traders punch orders just by looking at the prices. All professional traders prefer to take the shot after viewing the chart and that too after analyzing multiple timeframes.
There is one player who has made a heck of a difference in...
The analysis base on Elliott Wave Theory in weekly and daily time frame.
Elliott wave has three parts :
a) Impulse wave (Point 0-1, 2-3, 4-5), which net travels in the same direction (higher high) as the larger trend, always shows five waves in its pattern.
b) Corrective wave (Point 1-2, 3-4), on the other hand, net travels in the opposite direction (higher...
Includes,
2, 6 rule
Iron triangle of risk control (How many shares to trade?)
The concept of risk control (Where to stop?)
In the markets it hardly matters how good your trading system is..
What matters is if you can count or not.
Confused? Even i was for many years before understanding the importance of Risk management in trading. There is one missing element...
WEEKEND SPECIAL: NUMBERS TO KNOW BEFORE THE OPENING BELL TOMORROW 24/12/2018
At 7.10 PM IST, 23rd DEC 2018,
GLOBAL MARKETS UPDATE
NORTH AMERICA
Dow Jones Industrial (USA) 22,445.37|−414.23 (1.81%)|
Dow Jones Transportation (USA) 8,874.79|−155.15 (1.72%)|
Dow Jones Utility (USA) 722.38 |−7.04 (0.97%)|
NASDAQ100 (USA) 6,046.56|−196.64...
It is important to understand that primary trends of stocks, bonds, and commodities are determined by the attitude of investors during unfolding of events in the business cycle. An understanding of the interrelationship of credit, equity, and commodity markets provides a useful framework for identifying major reversals in each.
MARKET MOVEMENTS AND BUSINESS...
Before the article, i would like to mention something.
I made the account on tradingview 2 years ago. But its the last 6 months that i have completely fell in love with this platform. Apart from tools, no other platform gives opportunity to connect with a community of traders like this. I like to call this 'Facebook for traders.' I have been spreading the word...
