SEE IMPORTANT CONCEPT HOW MICRO ZONES ARE FORMED IN TRADING !!COMPARING MY TRADING PLAN OF YESTERDAY WITH REAL MOVE TODAY.
1. Before I stared this blog, I want to discuss some genuine problem which I am facing with new followers. See I published my ideas for all my followers. Sothat you all can be motivated in trading those who want to make career in stock market and earn from this.To make you familiar with this unique skill I share my personal analysis with you all. Stock market is my career that is first for me else is later. In market working hours my total attention is no changing phases of market .When some of followers send their queries in that time I get distrubed. Especially related to when entry and exit. See entry and exit is related to timing , I share complete outlay of movement in fig. Now its your responsibility to read each and every instruction carefully. And act accordingly. I every day try to post before 6 pm sothat you all have sufficient time to study and ask any query regading fig. I am available after market hrs. I can guide you, hard work burning of night oil is your job. Generally people ask silly questions why they have not done their home work properly. When i reply to see chart carefully then they reply yes sir got it. In working hr if trade is stuck with heavy loss then write me with complete entry level and quantity, i will happy to help you. But spoon feeding of entry exit on the spot is not my job. So those followers who are intrested in this sort of psychology , they are not at right place. Maintain social decorum of followers & publisher. Hope those followers can understand my situation. Ask any query after market hrs. Any educational query can leave in market hrs not trade related . That will be answered ater market hrs.
2. Now come to trading plan. In first point of plan i told tou the condition of green dotted line. That is fulfilled by taking out of price after opening flat. Next 45 mins completed taken out factors. so it was clear that trend is in short direction. So question arises of timing. How to time the trade. See after gap up or gap down i do not try to be parrt of trade in any side in first hour. But here situation was diffrent market open flat. But see first 15 min candle it was big volatile. since it covered that much price which was not good in point of risk reward. Plus long tail. One more thing for our taken out condition was not fulfilled in first 15 min we require next 15 min candle to close the low of first 15 min candle. See in 15 min time frame second candle is inside candle which did not close below the low of first candle.This means next !5 min required to confrim taken out condition. Next candle closed here we got confirmation of down direction. But at this satge risk reward ratio got distrubed so can not short as profit to book first level is very near. So this trade is gone. Now i waited for next trade. Around 11.30 I updated that direction is changed to up side and trade in that side. Why i told this see chart carefully second candle of one hr should travel to green solid line. But momentum lost and made new micro support zone with red dotted line.This gave me clue with sgx nity chart in which i told you yesterday it will test red zone lower end. The price of sgx was at that level. Thereore, I updated this change of trend. Next 3rd candle was indecisive confrimed the micro zone as price did not go low.I waited till 5th candle . 4th & 5t trapped bull and bears both side that gave me confimation to go long . Here i took 1 position which i booked at upper micro resistance zone. some guy was asking the target of upper side . Ater some time when he read chart carefully got that red line mentioned in comment box. In Fact my target of upside was green dotted line as it is now resistance once support. But the monnentum was not good so when it touched red box lower band I became clear of upper micro zone. This is how i traded today . All reasons mentioned of entry and exit with comp [lete details. I really want you all learn and earn.
Trading plan For next day.
1. With the structure available i feel chances o gap down open because all factors to take price down are now complete . May possible to trap bulls so can give you gap up open that should fizzle out instantly . If gap up is above white trend line then chances of trend change to up if white trend line acts as support.
2. If market go down then blue line would be my traget to book shorts. Here market can make micro zone which i showed you how they are made.
3. Today i am not going tom check this lenthy blog . pl forgive me for any mistake. Rest market will decide.
YOGESH VATS
