15min
intradayis Petronet on a downfall?????
wait and see if it breaks support at 247.30
Only my view. trade at your own risk and stop loss
BAJAJFINSV LONGThe chart is forming higher lows gradually on the 15 min chart.
Strategy:
Wait for bullish confirmation and make and entry around 6300.
The strategy will fail if the lower trendline is broken and keep the SL at 6100.
The target is 7150, presenting a 3:1 RR opportunity for this trade.
GOLD1! Short TermGold has corrected well from the recent highs and if it sustains above 54850 levels then take the trade with the following targets
T1 - 54997
T2 - 55143
T3 - 55299
with SL - 54690
USOil Symmetrical triangle pattern formation in 15 mins TFUSOil Symmetrical triangle pattern formation in 15 mins TF
USOil parallel pattern formation in 15 mins time frameUSOil parallel pattern formation in 15 mins time frame based on breakout you can go for short of long
EURUSD - LOOK FOR VOLUME & PRICE ACTION AT RESISTANCEFX:EURUSD
(FOR LEARNING PURPOSE ONLY)
Clearly we can see expanding volume whenever the price moves up & declining volume on down move
But in most recent up move (inside channel),price increasing on declining volume
Considering the volume pattern,the resistance zone becomes crucial .
If price holds on to the resistance and moves down,if volume confirms,price might fall to next support
If price breaks the resistance on volume confirmation,bullish trend may continue strongly for next few sessions
HDFC BANK - SHORT - INTRADAY (JULY 15 2020)NSE:HDFCBANK
(FOR LEARNING PURPOSE ONLY)
Price crossed previous HL to form a correction wave
Price Might reach 1015 (next support)
CRUDE, XABCD Bearish Pattern, Position: ShortOn technical hand, Crude oil has formed a XABCD pattern, which gives strong trend reversal signal.
The target would be as follows (shown by green dotted lines):
T1: 55.29
T2: 53.62
T3: 52.93
T4: 51.73
Stop loss (shown by red dotted line): 56.67
On a daily time frame frame as well, crude oil has a pennant formation, which can break at a downside.
LT Long Setup [Intraday]NSE:LT Long at 1335.70 with SL at 1329.10 and three potential targets
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
BTC-USD Bitfinex TIK TOKSo where are we heading in the couple of hours, probably seeing more downside, since alot of early levels are already been tested.
Aiming for 3200 or lower, at the moment i opened an big short position in bfinex!
Short the ponzi :)
SHORT ENTRY ON AUD USDPotential short entry on AUD USD, It is moving in Range, and expected to Break Support. Potential Entry on either on breakout or when Price retrech to support and retest support level.
intraday view buy nifty around 10405 stopless 10385 target10430 target2 10455
book partial profit after 1st target
Nifty: A Simple Strategy Yielding Lacs.I am surprised to see how this simple strategy could yield such handsome return in the Index futures.
Time Period= 1 June till date
Chart= 15 min.
Rules:
1. Divergence on Stochastics associated with inverse price movement
2. Entry @ break above/below immediately preceding "minor" swing high/low
3. Stop @ below/above immediately preceding "significant" swing low/high
4. Target @ immediately preceding "significant" swing high/low point
5. Would not trigger entry on gap openings, wait for price to pull back to entry or else trade will be missed
6. After entry, if target missed by few points then close position on break of a succeeding minor swing or consolidation pattern, whichever hits earlier
7. Minimum Risk to Reward Ratio should be 1:1 or else trade will be missed.
8. No support or resistance from higher time frame taken into account
9. All the entries taken with Stop loss and Limit orders.
10. Carry forward as long as target or stop is not hit.
Trades:
Trade1=33 pts.
Trade2=16*
Trade3=31
Trade4=34
Trade5=32
Trade6=13*
Trade7=47
Trade8=37
Total= 243
Profit on single lot= 243*75=18225
For earning 1 Lac or more one should have traded at least 6 lots.
* In Trade 2 and 6 target was missed by a few points so as per rules the position is closed at the break of succeeding consolidations pattern.
#Trade missed @ Divergence 3 because of poor RRR
Although this strategy yielded 100% success with no Stops hit yet it should be noted that we totally missed the shorting opportunity from 9700 to 9565 on 22nd June. The strategy might be successful in sideways to moderately bearish/bullish environment. Will it be good in a trending market is still a question mark for me, perhaps we will get the answer in coming days.
Kindly cooperate if am wrong in my calculations somewhere but i suppose the purpose of this post is clear to everybody.
Trade safe, stay healthy.
Best Regards
Afraidtotrade
