Beyond Technical Analysis
Uranus Aspects and NiftyUranus Aspect brings in trend change in Nifty.
This can be tested for as long in past as your want.
Here I showcase the aspect combination for the last 2 years, and you will be surprised at the accuracy.
Start using these combinations with your technical indicators and make good progress.
US100 NAS100I see Nas100 buying from the discounted region - Buys for a long term - analysis based on structure - That area is likely to hold because it cleared out liquidity before it created the last high - Safe Trading _ Risk profitably
BTC last leg down!!From the downtrend we have seen the first sign in change of character on the daily chart . The price then failed to create a new low, rather it broke the structure again to make a higher high.
Currently the price has come down near the demand level as well as the Fibo 786 to 850 level which is the golden zone. This should be the last leg down before the jump.
If this fails then we could see break below 34k down to 30k as well as the price could still be in a downtrend on the weekly time frame
Trader's Query - What capital I need to trade better ?Query: I am new to trading. How much capital I need to trade? What I need to trade better?
Trading account: Anybody can open trading account and it needs a small process.
Trading capital: Capital depends on how you trade. If you are completely new, start with small capital as per your financial strength. Because at the early stage you will explore the order types and you will be learning how to use each order type. And also at the initial stage taking trade with confidence is a challenge. For example in this chart lets say your planned entry was 1830 and you missed to enter at the first chance. Then price fall down and again the same level comes. At that point unless you know the trend strength, taking entry is risky as price may be reversed. And by experience you understand about trend in a better way.
Trading Knowledge: Technical knowledge is important to trade better. And when you practice the knowledge with discipline, then you can be profitable.
Chart : Chart is needed to analyse & trade in live market.
Trading Strategy: You need trading strategy which gives you entry, stop and targets. Your trading strategy should be back tested at least for 6 months. Most traders back test their strategy for minimum 4 yrs. I have shared a link, refer it to get an example strategy.
Trading plan: You should be ready with trading plan before market opens as it will reduce the confusion, tension during trading.
What other things help you to trade better?
There are lot of indicators available. You can use any indicator if you understand and back test it. Also updating your knowledge continuously by learning daily will help you to trade better. I have shared a link below, refer it to know about indicator. Dont use too many indicators. Too many indicators will confuse you. 2 or 3 indicators are more than enough.
And lost but the most important thing in trading is, you need proper mind set to trade better.
Review your trades : Daily or weekly review how you traded. It will help you to find your strength and weakness as a trader.
What not to do ?
Dont trade during important news announcement as that time movement will be volatile.
Trading is simple if your strategy is simple with good accuracy and your mind is simple without fear or greed. All the best...
NIFTY VIEW FOR NEXT WEEK (11-04-2022)NIFTY IS LOOKING VERY BULLISH IF SUSTAINS ABOVE 18020 LEVELS, If it sustains for 45 Minutes, we can go long for a good Bullish rally in upcoming week. Also, One can enter an Intra-day trade as it is forming a INVERTED HEAD & SHOULDERS pattern on 15 Min time frame. Entry - 17797 SL- 17745 & target - 17926.
Also if Nifty breaks our Intraday level, we can see a good move from FIB golden level zone marked on 2 hour Time Frame.
This idea is only for educational purpose, Do consult with your Financial advisor before entering.
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Thank you.!