----------------------------------------------------Trend---------------------------------------------------------
Trend Indicates the direction in which prices are going. Trends are of following types.
1.Up trend: - Uptrend Make higher highs & higher lows
2.Down Trend: - Downtrend Make lower highs and lower lows
3.Sideways Trend (Ranging): - Highs and Lows are...
Overview & Observation:
1. Setup was based on a simple Breakout ad retest entry.
2. With Less than 10% SL 1:2.5 RRR already achieved, a further 25% upside target can be taken after trailing near the entry price
This is my today's (13-06-24) trade on #BPCL .
Booked 1:1
Stock was on strong uptrend,Entry based on Pullback at good Demand zone with confluence of proper signals moving averages and volume.
Overall Market was in sideways today so stock was not giving strong movements.
Then booked 1:1 &close.
Im hoping 1:2 hits tomorrow
This post is only for Educational Purpose.
Just to remind you all the Power of technical Analysis.
What a picture-perfect move by National Aluminum with,
- Wave Theory
- Bullish Continues Divergences with MACD
- Double Bottom & Top Chart Pattern
- Tringle Pattern Breakout with Retest
- Reversed Bullish Divergence with RSI
All these together works perfectly here.
Q: What is a supply zone in trading?
A: A Supply Zone is a Price level or Area on a chart where Selling pressure is expected to be strong enough to overcome buying pressure, causing prices to fall.
It is typically identified by a concentration of previous price highs where sellers have historically emerged.
Q: What is a Demand zone in Trading?
A: A Demand...
Once you learn one of these strategies, you will be able to analyze the market on your own and trade self sufficiently.
learning these strategies will allow you to have better understanding of price action and the overall market structure.
Here are the 7 Strategies to learn ⬇️
1. TheStrat By Rob Smith
2. Smart Money Concept ICT
3. Supply & Demand
4....
ARE YOU A TRADER OR A GAMBLER?
TRADER
1. Focuses on long-term growth, profitability, and consistency.
2. Has a valid trading plan and a back-tested strategy that they use use all the time and optimizes along the way.
3. Strictly obeys risk management principles and does not over-leverage their account.
4. Trades only when there are high-probability setups...
Price Action vs Indicators: A Fresh Perspective
The comparison between price action and indicator trading has been a topic of debate for a long time. In this article, I aim to debunk some popular beliefs and provide traders with a new outlook on this ongoing argument.
1. Price Action is Better Than Indicators
Price action traders often claim that their method is...
Conclusion. Trade is a primary economic concept which involves buying and selling of commodities and services, along with a compensation paid by a buyer to a seller. In another case, trading can be an exchange of commodities/services between parties.
How To Become a Professional Trader :
Learn the trading basics. ...
Learn the advanced basics. ...
Develop...
What are the 5 steps of risk management?
5 Steps to An Effective Risk Management Process
Steps of the risk management process
Identify the risk.
Analyze the risk.
Prioritize the risk.
Treat the risk.
Monitor the risk.
1. Add an indicator named Forex Session by Blackwolf by FXCM
2. Now mark support resistance on the first two session
3. Whenever the price breaks or respects any support resistance take a trade
4. Risk Reward should be 1:2
A 50-day moving average (50 DMA) is a technical indicator that shows the average closing price of a security over the last 50 days. It's a popular indicator because it's realistic and effective at showing historical price movement trends.
Concept of 50 Moving Average
1. Entry
- Candle crossover 50 MA: This refers to a situation where the closing price of a...
I have been following the simple technique of Daily EMA Crossover for my long & short trades-especially for Trading NIFTY& BANK NIFTY
-Choose 15 Min Timeline
-Plot 4EMA viz 10/20/50/100
-Initiate long Trade when 10DEMA decisively crosses above all other DEMA Viz 20/50/100-which is known as Golden cross over
-Similarly initiate short trades while the 10DEMA cuts...
#StopLoss : The Safety Net You Need
Ever danced with volatility?
Without a stop loss, it's like tightrope walking without a net.
Here's why it's a MUST:
✅ Protect Your Fund: Keep that hard-earned Money safe
✅ Sleep Tight: Close your eyes without the market nightmares
✅ Plan Your Exit: Know when to bow out gracefully.
Remember, it's not just about making...
Investing in the stock market can be both exciting and overwhelming. There are so many stocks and strategies are there that make it hard to decide where to invest. That’s where technical analysis comes in. It’s the study of market data to find patterns, trends, and potential opportunities.
To get started with technical analysis, you need to first understand...
Opening: The nifty futures opened almost flat (GAP is the adjustment) and formed a BIG bull bar as the 1st bar indicating a bullish strength which was confirmed as bears weren't able to pullback to the MA even after 20 bars
Mid day and closing: The market behaved like a typical bull trend day closing near it's high
PROFITABLE TRADES:
One good trade which i...
