Hello TradingView Community! I'm excited to share some valuable insights on trading pitfalls and how to navigate them effectively. Trading in financial markets can be a challenging journey, but understanding common pitfalls and methods to avoid them can significantly enhance your success. Here are 10 pitfalls traders often encounter and actionable strategies to...
Welcome To Trend Talk😊 How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems and techniques. ... Gain trading experience. ... Consider paper trading. ... Choose a reliable broker. ... Learn to focus. ... Understand risk management. Understanding the basics of trading can help you gain...
Crude oil is very interesting instrument Trying to make impulsive move after corrective wave if it crossess previous month high and sustains then bullish journey may continue
Ways to identifty a multibagger and a good stock for positional trade: The stock should fulfill the following criteria 1.It should be from a booming sector and the broader index should be uptrending 2.The relative strength of the stock to Nifty 50 should be in uptrend 3.RSI should be above 40 4.The stock should be in a stage 2 uptrend structure (breakout with...
Rules Of Elliott Wave Theory: #1.Wave 2 never retraces more than 100% of wave 1. #2.Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. #3.Wave 4 never enters the price territory of wave 1.
1. January - The Value at Play Before we start discussing the different technical chart patterns, we need to have some clarity on how buying and selling happens on stocks and options. Every trade has a buyer or seller. That means at a specific point in time, for a specific price there are 2 conflicting thoughts Someone who thinks the price is too cheap ...
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...
" GOD MUST BE A MATHEMATICIAN " If we look at the construction of universe and movements of the planets & other celestial objects movements, flowering & fruiting cycles in trees etc. everything has a pattern and they are cyclical in nature. That very same assumption is applied and works well in stock market, commodities and forex as well. Identifying the time...
Let’s take this labelling as a case study. The red ABC pattern is a 3-wave pattern. It’s a correction. Corrections happen in waves 2 and 4. This entire correction happened in wave 2. After wave 2 comes wave 3. That sharp upward spike on the right is wave 3. Wave 3 will help price to resume its upward trend. Now, inside that ABC correction is another correction....
Hello Everyone, Welcome to you all, this is an educational post in which you will learn how to trade with our neowave trading chart. For better understanding also watch the video which will be available soon. See the below image ## This is how a Neowave structure looks in which a stock price goes up and down. ##These no 12345, I called them motive waves...
Hello Everyone, Welcome to you all, this is an educational post in which you will learn how to trade with our neowave trading chart. I also made an post of it for quick learning. If you like it than give us boost and share the content. Thank You
The US Dollar Index (also known as DXY or USDX) measures the value of the US dollar against a basket of foreign currencies. Therefore, it provides us with an insight into whether the dollar is strengthening or weakening compared to other major currencies. This index has a positive correlation with currency pairs where the dollar is the base currency. Conversely,...
A Hammer candlestick is a single-candle reversal pattern that indicates a potential change in the trend direction. These candles are typically characterized by a high or low that is significantly distant from the closing price, with the shadow being at least twice the size of the body. Like any candlestick pattern or analysis tool, its reliability increases with...
When to use Logarithmic chart while analysing, its clearly mentioned on chart. Hope it will be helpfull. Thank You.
all setup work in a market ,everyone make money but some case trader trap ,avoid this type of case .trade when setup says ,baki time ignore kro,,,or market ka maja lo,,,,, NSE:CNXFINANCE NSE:CNXFINANCE
Hello Friends, Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes. Before we begin, please remember that trading carries risks,...
in this video i mainly focus on confirming high and lows with proper logic
Shooting Star is a bearish candlestick reversal pattern. It signifies the end of an uptrend and the potential start of a downtrend. Its opposite is the Morning Star. When analyzing this pattern, we should observe if the confirming candle closes within the lower third of the range formed. This condition acts as a filter when deciding whether to initiate a trade or...