This is why it is important for Price Action traders to exercise caution and not rely solely on historical price movements. While price action analysis can still be effective in predicting market movements, it may be less reliable in scenarios where unexpected news or events can impact the market.
The third tenet of Dow Theory states that trends have three...
Here is a special case of a snapshot of Nickel Futures. It is entirely illiquid but from our naked eye, We can see a pattern here.
A range of machine learning algorithms and statistical models are employed to detect such underlying patterns.
From our naked eye, We can spot tradeable opportunities as shown in the dotted lines in the above chart.
How to select stocks for Intraday or short term.
We can do this in two ways.
First one, using manual method and the second one is using screeners
For day trading, we need to complete the trading in the first 1:15hours or last 1:15 hours i.e at 2:15 pm as the volume tends to be more by this time, in between, the market will be in the consolidation oe else, it...
Hello to all mates so here am sharing about something that two important things in trading are contradicting each other and that is price and strength so I am trying to explain this by daily chart of Nifty and that I mentioned previous top to new top price is up by almost 900 points but the relative strength index it is down by 10 major points and this is an...
When to retake the calls given and how many times?
Once the SL hits, we need to wait until the price reenters the buy zone with an increase in buyer volume.
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Hello everyone, letit is in touch and today we want to tell you about one very cool indicator.
MFI - (money flow index) is a technical indicator designed to demonstrate the intensity with which money is invested in a security and withdrawn from it by analyzing trading volumes and the ratio of typical prices of periods.
it shows how attractive the asset looks....
Hello friends and mates today I am sharing an Idea about an indicator which is you can say very much loved and popular indicator used by all stream and time frame traders and that is BOLLINGER BANDS sharing below about this
𝐃𝐄𝐒𝐂𝐑𝐈𝐏𝐓𝐈𝐎𝐍-:
Bollinger Bands are a type of price envelope developed by John Bollinger (Price envelopes define upper and lower price range...
Bollinger Bands are a type of technical analysis indicator that are used to measure the volatility of a financial instrument. They are plotted two standard deviations away from a moving average, which serves as a measure of the instrument's midpoint. The bands are plotted on a chart, usually alongside the price action of the financial instrument being...
Hi folks!
Often Traders like to think that their set-up or strategy is 'superior' that helps in identifying opportunities and put them on good trades better than other strategies employed by other traders. They vehemently defend their approach, their indicators and strategies. While some may put total faith in Fibonacci Sequences, others on RSI + MACD with...
In this tutorial we have learned about Bollinger Band trading concept.
When the price is above the 20 MA always think about buying the call/futures or selling the put options.
When the price is below the 20 MA always think about buying the put and selling the futures/call options.
If the 20 MA is flat - Sideways Market
If the 20 MA is upwards - Bullish (Trending...
RSI - Relative Strength Index Indicator:
The Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a...
The fact that GPT can generate Pine Script™ code has garnered much attention lately. While the perspective of making natural language requests to an AI to generate code is understandably attractive, it is unfortunately not something traders should use as a substitute for learning to program or finding a freelancer who will program for them if they are not...
Trading is a waste of time - until you do this!
Welcome back for another exciting video, an educational video, and an eye-opening video for a lot of traders, and I have given it a very, very interesting title that is Trading a Waste of Time.
Let's find out in this short video. Recently reading a book called The Best Loser Wins.
It's written by Tom Hoggard , he...
Pullback Trading Strategy over 80% Success Rate
Rules
Moving Average - Price should above 200 Period Moving Average
Entry - 10 Period RSI Below 30
Exit - 10 Period RSI Above 50
Stop Loss - Recent Swing Low
I hope you understood the pullback trading rules.
Chart 1 : Reliance 9.68% Up
The price was clearly above the 200 Period Moving Average...
What is divergence?
Divergence is a method used in technical analysis when the direction of a technical indicator, usually some form of oscillator ‘diverges’ from the overall price trend. In other words, the indicator starts moving in the opposite direction to the price and the trading oscillator signals a possible trend reversal.
Once divergence appears, there...
Definition:- As the name suggests pause candle is the candle formed in between the trend, the change is usually opposite the trend
i.e. if the underlined script is moving in an uptrend then the pause candle will be of negative change and the color will be red and vice-versa.
The pause candle indicates a pause in fresh positions by market participants and an entry...
Educational video as how to identify a double top pattern.
A double top is a bearish technical reversal pattern which is not so easy to spot as one needs a confirmation of a break down point.
Question comes, How to identify the target of Double top pattern!
After the confirmation of the pattern, your minimum target is equal to the size of the formation. In...
