Good opportuniy to invest in GOLD.All observations on chart.
MULTIPLE CONFIRMATIONS & EXPLANATIONS OF DRAWINGS
As you can see gold bounced tom 38.2% fibonacci level a good level to buy the dip.
19% correction from the top till pre covid levels
Falling channel pattern visible on charts, usually gives good move on the upside.
Double bottom pattern breakout given today.
Price comfortable above 20 moving average & made a new swing high
Overall this is attractive price to enter from long term view.
Beyond Technical Analysis
Know When To Stop Trading !!!!🎯When to Stop Trading?
We have spoken up to now about when to stop trading on a particular day. However, it is important to know if you should stop trading altogether – in other words, quit. It is not simple to find the right time to quit because often people quit when the going gets tough, but this may be just before success arrives. However, there are times when quitting is important:
--You can’t see any possible positive outcome for a trading
--You constantly feel overwhelmed and negative about your trading
--Trading takes preference over your health or your family
--Your financial situation is negatively impacted by your trading so that your family is suffering or your mental health is impacted.
These are all red flags. At a minimum, take a break from trading in order to rest, relax and recharge. Save up some trading capital, assess your goals and reflect on your failures and successes. Use this to formulate a new trading strategy, while working on your perspective and objectivity. You may then be ready to try again. The markets are certainly not going anywhere if you need a break and quitting does not need to be forever.
DEEPAK NITRITE TREND ANALYSISI have done a trend analysis of deepak nitrite , where i am long on the stock however it clearly shows that according to the trend lines the stock may test 1530 very soon before going up again, another positive factor for the company is that this company produces some elements (not going deep into the business) which are necessary for manufacturing of hand sanitisers and it might lead to crediting into the company`s wallet; hence it might be a good bet.
Nifty 50 Companies List 2021 weightage wise!!!!!1. HDFC Bank Ltd. – 10.24%
2. Reliance Industries Ltd. – 10.19%
3. Infosys Ltd. – 7.98%
4. Housing Development Finance Corporation Ltd. – 7.08%
5. ICICI Bank Ltd. – 6.34%
6. Tata Consultancy Services Ltd. – 5.18%
7. Kotak Mahindra Bank Ltd. – 4.05%
8. Hindustan Unilever Ltd. – 3.42%
9. ITC Ltd. – 3.01%
10. AXIS Bank Ltd. – 2.76%
11. Larsen & Toubro Ltd. – 2.70%
12. State Bank of India – 2.20%
13. Bajaj Finance Ltd. – 2.15%
14. Bharti Airtel Ltd. – 1.97%
15. Asian Paints Ltd. – 1.80%
16. HCL Technologies Ltd. – 1.68%
17. Maruti Suzuki India Ltd. – 1.44%
18. UltraTech Cement Ltd. – 1.22%
19. Mahindra & Mahindra Ltd. – 1.20%
20. Sun Pharmaceutical Industries Ltd. – 1.02%
21. Titan Company Ltd. – 1.02%
22. Tech Mahindra Ltd. – 0.97%
23. Wipro Ltd. – 0.96%
24. Nestle India Ltd. – 0.96%
25. Tata Steel Ltd. – 0.96%
26. Bajaj Finserv Ltd. – 0.92%
27. HDFC Life Insurance Co. Ltd.- 0.91%
28. Power Grid Corporation of India Ltd. – 0.87%
29. Grasim Industries Ltd. – 0.87%
30. Dr. Reddy’s Laboratories Ltd. – 0.86%
31. IndusInd Bank Ltd. – 0.85%
32. Tata Motors Ltd. – 0.85%
33. Adani Port and Special Economic Zone – 0.81%
34. NTPC Ltd. – 0.80%
35. Bajaj Auto Ltd. – 0.75%
36. Hindalco Industries Ltd. – 0.75%
37. Divi’s Laboratories Ltd. – 0.73%
38. JSW Steel Ltd. – 0.71%
39. Britannia Industries Ltd. – 0.67%
40. Cipla Ltd. – 0.65%
41. Bharat Petroleum Corp. Ltd. – 0.63%
42. Shree Cement Ltd. – 0.62%
43. Hero MotoCorp Ltd. – 0.60%
44. TataConsumer products Ltd. – 0.42%
45. Oil & Natural Gas Corporation Ltd. – 0.59%
46. Eicher Motors Ltd. – 0.57%
47. UPL Ltd. – 0.56%
48. SBI Life Insurance Co. – 0.54%
49. Coal India Ltd. – 0.43%
50. Indian Oil Corporation Ltd. – 0.37%
The beginner's SchoolAre there any hidden or magical theories to win every trade?
Every person has his hidden technique to trade and that technique he will never reveal! Hehehe, I am asking you that which magical formula you have? Unfortunately, there is no hidden technique to become consistently profitable in every trade. If you had that magical trading technique you never surf on tradingview.com, yeah, why you surf here? You have that technique that will give you 100% accuracy, but believe me, there is not! Everything is open and nothing is hidden.
Which indicator is good and which indicator do you use?
The most asked question ever! Mostly I don’t use an indicator. Because it gives everything late, we often call it a lagging indicator. Indicators are like clock it will keep changing. But more often it depends on your trading style that indicators are suitable for you or not! If you are a necked price action trader or Elliott wave analyst you don’t need to check indicators, not even for confirmation. I was using indicators for confirmation, but they were changing my bias and trading decision that’s why I stopped checking indicators. I have one very successful indicator which is my trained eye, I used to identify reversal, and it may be more accurate than other indicators.
I am not agreed with your answer madam! Likewise, I am getting good profit with indicator, why you are criticizing indicator?
I already maintained that it depends on your style, there are lots of people who spend money on buying indicators, but they are still unsuccessful even with paid indicators. Maybe your trading style is profitable with indicators, neither I am criticizing nor I stopped you to use indicators. If you are very familiar with that indicator, and you are getting profit then you must stick with those indicators which will good for you! And the person who is not getting enough returns with indicators, they have 2 ways,
1. Choose an indicator that is suitable for you then back test consistently. Don’t mix up more than 3 indicators because it will be confusing to take a trade decision. Add solid risk management (you have two techniques (1.) Risk per trade (2.) percentage of the portfolio)
2. If your mind has decided the indicator don’t work, use price action and become naked(Is the term of technical analysis)traders who don’t use the indicator, but they follow price and volume and momentum manually.
Can you tell me the best setting for indicators?
Well, there is no magical setting that will give you 100% accuracy, if you are using RSI you will find that you are getting very good buying signals on bank nifty and nifty but if you will apply it on stocks, or forex market it will be useless. I don’t prefer to find new settings because a new setting will affect your trading decision.
How can I trade without indicators?
Indicators are not everything! You can also use,
Chart patterns,
Candlestick patterns,
Elliott wave theory,
Harmonic pattern,
Price action
Gann Theory
Dow Theory
Fibonacci & geometry tools (fan, arc, channel, etc.)
You can choose any as your primary trading theory. Mostly I use Elliott wave theory as my primary tool.
Can we combine 2 or more theories to get good results?
Yes, you can! For example, if you are using price action + Elliott wave + time cycle analysis, you can easily find where the excess can be formed. An excess will tell you that this corrective wave is to complete. And time cycle will guide you that when the new impulsive wave is going to start! Sounds easy but it will take very hard practice. Probably yes, we have to convert our knowledge into action which needs regular practice. Regular practice helps us to build a good habit. And also don’t try to use all the theory otherwise you will never become a master in any strategy.
I am taking profit without putting SL, is it good?
Maybe you are used to, but I strictly follow risk: reward ratio. And as per my trading, SL is a must in every trade. My favorite r: r is 1:3, 1:5, and 1:7. I just stick with it. If you are putting SL your risk is calculated and without SL you are risking all capital.
How can I learn to trade?
If you want to learn any theories and techniques you can read books. It will help you to gain knowledge for trading. There is a lot of famous and back tested book.
If you want to learn to trade just apply your knowledge to a demo account if you are not comfortable with a real account. Mistakes will guide you to success.
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if you have any questions you can ask me in the comments I will upload in Part 2.
Nifty 50 Analysis 09/04/2021Two Critical Points. By Analyzing Nifty 50 Chart on 09-04-2021
1) Wide Demand Zone , But Weak Support Area . 14263 - 14517
If Price breaks any of the nearest Trend Line / Supply Zones In Days Closing
Then, It is expected The price will fall to this support Area .
(Price broke 14829 on 09/04/2021, Price may trend down after retest)
2) Strong Supply Zone , And Strong Resistance.14829 - 14881
(The Retest Done on 09/04/2021, Downtrend Pennant is formed)
****A Target of 14735 Can be achieved on 12/04/2021*******
Disclaimer : All Views are Personal And Educational Purpose Only.
You are exclusively responsible for your Profits and Losses.
Use the Ideas with your own Risk.
Nifty 50 Chart Analysis 07-04-2021Two Critcal Points. By Analyzing Nifty 50 Chart on 07-04-2021
1) Wide Demand Zone, But Weak Support Area. 14263 - 14517
If Price breaks any of the nearest Trend Line, In Days Closing
Then, It is expected The price will fall to this support Area.
2) Strong Supply Zone, And Strong Resistance.14829 - 14881
If Price breaks this resistance at Days Closing, Then
The Ascending Triangle Pattern will be broke and index may become bullish.
Disclaimer : All Views are Personal And Educational Purpose Only.
You are exclusively responsible for your Profits and Losses.
Use the Ideas with your own Risk.
MANIPULATION IN NIFTY INDEX (Search And Destroy)This idea is inspired by a strategy often used by market manipulators called Search And Destroy from the book named " How To Triple Your Money Every Year with Stock Index Futures " (1984) .
In this book, According to Author George Angell's Search and Destroy day is "...When both previous time high and Low would be taken out..." (p.217)
In our analysis we will understand this strategy used by market manipulators with very good example of NIFTY 50 Index .
In the above chart market on 19th March market opened Gap Down by around 100 points and created a low at 14350 and from that point and it went bullish and made a good support at that level. One can consider 14350 level as a good support because market was bearish at the time of opening and it went bullish from that particular point.
Now from 14350 , market went upside and came back to that same level after taking strong resistance at physiological level of 14900
from the upside.
So if we think from the point of view of retail traders who deals in intraday trades they certainly consider that point as an support level and put their stop loss at that level for taking long trades.
But here Market Manipulators enters in the market and aggressively take price down by around 100 points and what happens next is stop loss of all the retail players were triggered at that point and now Manipulators have that enough liquidity for execution of their big trades.
At last because of big lots were bought in the market by those manipulators Automatic Rally happens and as we can see in the chart there were two Gap Ups in two days in continuation. DO you think retail traders can do this ? Definitely Not.
The term Automatic Rally means when heavy selling occurs in the market at same point to catch that liquidity high amount of buying also happens in the market and as a result of that prices goes upside.
There is a also term called Wake- off Trading . You can also relate some steps above with the phases of that concept also.
Happy Trading. :-)
Note :
Trading foreign exchange and stocks on margin carry a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stocks you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all risks associated with stock and foreign exchange trading and seek advice from an independent financial divisor if you have any doubts. I am not a licensed financial advisor and this content is not financial advice.
Updated tradingview list of futures and spot Binance pairsBINANCE:BTCUSDTPERP Hi guys,
I have ben searching the internet to get the complete lists of binance futures and spot crypto. it was boring to add each asset manually ! I decided to make it myself.
i'm gonna copy and paste the list for futures as available at time of writing. You can download complete crypto lists and updated every day on my website, it's free.
TUTORIAL:
1/ GET THE LIST :
- Copy the list and pasteit in a .txt file
- Alternative: download an updated one from my website
2/ IMPORT THE LIST
- go to your list management dashboard in tradingview
- clic on 3 dots
- choose "import list"
- select your list txt file
3/ Few pairs would be in red because there are not integrated in tradingview yet.
********************************FUTURE BINANCE LIST******************************
BINANCE:BTCUSDTPERP,BINANCE:ETHUSDTPERP,BINANCE:BCHUSDTPERP,BINANCE:XRPUSDTPERP,BINANCE:EOSUSDTPERP,BINANCE:LTCUSDTPERP,BINANCE:TRXUSDTPERP,BINANCE:ETCUSDTPERP,BINANCE:LINKUSDTPERP,BINANCE:XLMUSDTPERP,BINANCE:ADAUSDTPERP,BINANCE:XMRUSDTPERP,BINANCE:DASHUSDTPERP,BINANCE:ZECUSDTPERP,BINANCE:XTZUSDTPERP,BINANCE:BNBUSDTPERP,BINANCE:ATOMUSDTPERP,BINANCE:ONTUSDTPERP,BINANCE:IOTAUSDTPERP,BINANCE:BATUSDTPERP,BINANCE:VETUSDTPERP,BINANCE:NEOUSDTPERP,BINANCE:QTUMUSDTPERP,BINANCE:IOSTUSDTPERP,BINANCE:THETAUSDTPERP,BINANCE:ALGOUSDTPERP,BINANCE:ZILUSDTPERP,BINANCE:KNCUSDTPERP,BINANCE:ZRXUSDTPERP,BINANCE:COMPUSDTPERP,BINANCE:OMGUSDTPERP,BINANCE:DOGEUSDTPERP,BINANCE:SXPUSDTPERP,BINANCE:KAVAUSDTPERP,BINANCE:BANDUSDTPERP,BINANCE:RLCUSDTPERP,BINANCE:WAVESUSDTPERP,BINANCE:MKRUSDTPERP,BINANCE:SNXUSDTPERP,BINANCE:DOTUSDTPERP,BINANCE:DEFIUSDTPERP,BINANCE:YFIUSDTPERP,BINANCE:BALUSDTPERP,BINANCE:CRVUSDTPERP,BINANCE:TRBUSDTPERP,BINANCE:YFIIUSDTPERP,BINANCE:RUNEUSDTPERP,BINANCE:SUSHIUSDTPERP,BINANCE:SRMUSDTPERP,BINANCE:BZRXUSDTPERP,BINANCE:EGLDUSDTPERP,BINANCE:SOLUSDTPERP,BINANCE:ICXUSDTPERP,BINANCE:STORJUSDTPERP,BINANCE:BLZUSDTPERP,BINANCE:UNIUSDTPERP,BINANCE:AVAXUSDTPERP,BINANCE:FTMUSDTPERP,BINANCE:HNTUSDTPERP,BINANCE:ENJUSDTPERP,BINANCE:FLMUSDTPERP,BINANCE:TOMOUSDTPERP,BINANCE:RENUSDTPERP,BINANCE:KSMUSDTPERP,BINANCE:NEARUSDTPERP,BINANCE:AAVEUSDTPERP,BINANCE:FILUSDTPERP,BINANCE:RSRUSDTPERP,BINANCE:LRCUSDTPERP,BINANCE:MATICUSDTPERP,BINANCE:OCEANUSDTPERP,BINANCE:CVCUSDTPERP,BINANCE:BELUSDTPERP,BINANCE:CTKUSDTPERP,BINANCE:AXSUSDTPERP,BINANCE:ALPHAUSDTPERP,BINANCE:ZENUSDTPERP,BINANCE:SKLUSDTPERP,BINANCE:GRTUSDTPERP,BINANCE:1INCHUSDTPERP,BINANCE:AKROUSDTPERP,BINANCE:CHZUSDTPERP,BINANCE:SANDUSDTPERP,BINANCE:ANKRUSDTPERP,BINANCE:LUNAUSDTPERP,BINANCE:BTSUSDTPERP,BINANCE:LITUSDTPERP,BINANCE:UNFIUSDTPERP,BINANCE:DODOUSDTPERP,BINANCE:REEFUSDTPERP,BINANCE:RVNUSDTPERP,BINANCE:SFPUSDTPERP,BINANCE:XEMUSDTPERP,BINANCE:BTCSTUSDTPERP,BINANCE:COTIUSDTPERP,BINANCE:CHRUSDTPERP,BINANCE:MANAUSDTPERP,BINANCE:ALICEUSDTPERP,BINANCE:BTCUSDTPERP,BINANCE:ETHUSDTPERP,BINANCE:HBARUSDTPERP,BINANCE:ONEUSDTPERP,BINANCE:LINAUSDTPERP,BINANCE:STMXUSDTPERP,BINANCE:DENTUSDTPERP,BINANCE:CELRUSDTPERP,BINANCE:HOTUSDTPERP
*******************************SPOT USDT LIST***************************************
BINANCE:BTCUSDT,BINANCE:ETHUSDT,BINANCE:BNBUSDT,BINANCE:BCCUSDT,BINANCE:NEOUSDT,BINANCE:LTCUSDT,BINANCE:QTUMUSDT,BINANCE:ADAUSDT,BINANCE:XRPUSDT,BINANCE:EOSUSDT,BINANCE:TUSDUSDT,BINANCE:IOTAUSDT,BINANCE:XLMUSDT,BINANCE:ONTUSDT,BINANCE:TRXUSDT,BINANCE:ETCUSDT,BINANCE:ICXUSDT,BINANCE:VENUSDT,BINANCE:NULSUSDT,BINANCE:VETUSDT,BINANCE:PAXUSDT,BINANCE:BCHUSDT,BINANCE:BSVUSDT,BINANCE:USDCUSDT,BINANCE:LINKUSDT,BINANCE:WAVESUSDT,BINANCE:BTTUSDT,BINANCE:USDSUSDT,BINANCE:ONGUSDT,BINANCE:HOTUSDT,BINANCE:ZILUSDT,BINANCE:ZRXUSDT,BINANCE:FETUSDT,BINANCE:BATUSDT,BINANCE:XMRUSDT,BINANCE:ZECUSDT,BINANCE:IOSTUSDT,BINANCE:CELRUSDT,BINANCE:DASHUSDT,BINANCE:NANOUSDT,BINANCE:OMGUSDT,BINANCE:THETAUSDT,BINANCE:ENJUSDT,BINANCE:MITHUSDT,BINANCE:MATICUSDT,BINANCE:ATOMUSDT,BINANCE:TFUELUSDT,BINANCE:ONEUSDT,BINANCE:FTMUSDT,BINANCE:ALGOUSDT,BINANCE:USDSBUSDT,BINANCE:GTOUSDT,BINANCE:ERDUSDT,BINANCE:DOGEUSDT,BINANCE:DUSKUSDT,BINANCE:ANKRUSDT,BINANCE:WINUSDT,BINANCE:COSUSDT,BINANCE:NPXSUSDT,BINANCE:COCOSUSDT,BINANCE:MTLUSDT,BINANCE:TOMOUSDT,BINANCE:PERLUSDT,BINANCE:DENTUSDT,BINANCE:MFTUSDT,BINANCE:KEYUSDT,BINANCE:STORMUSDT,BINANCE:DOCKUSDT,BINANCE:WANUSDT,BINANCE:FUNUSDT,BINANCE:CVCUSDT,BINANCE:CHZUSDT,BINANCE:BANDUSDT,BINANCE:BUSDUSDT,BINANCE:BEAMUSDT,BINANCE:XTZUSDT,BINANCE:RENUSDT,BINANCE:RVNUSDT,BINANCE:HCUSDT,BINANCE:HBARUSDT,BINANCE:NKNUSDT,BINANCE:STXUSDT,BINANCE:KAVAUSDT,BINANCE:ARPAUSDT,BINANCE:IOTXUSDT,BINANCE:RLCUSDT,BINANCE:MCOUSDT,BINANCE:CTXCUSDT,BINANCE:TROYUSDT,BINANCE:VITEUSDT,BINANCE:FTTUSDT,BINANCE:EURUSDT,BINANCE:OGNUSDT,BINANCE:DREPUSDT,BINANCE:BULLUSDT,BINANCE:BEARUSDT,BINANCE:ETHBULLUSDT,BINANCE:ETHBEARUSDT,BINANCE:TCTUSDT,BINANCE:WRXUSDT,BINANCE:BTSUSDT,BINANCE:LSKUSDT,BINANCE:BNTUSDT,BINANCE:LTOUSDT,BINANCE:EOSBULLUSDT,BINANCE:EOSBEARUSDT,BINANCE:XRPBULLUSDT,BINANCE:XRPBEARUSDT,BINANCE:STRATUSDT,BINANCE:AIONUSDT,BINANCE:MBLUSDT,BINANCE:COTIUSDT,BINANCE:BNBBULLUSDT,BINANCE:BNBBEARUSDT,BINANCE:STPTUSDT,BINANCE:WTCUSDT,BINANCE:DATAUSDT,BINANCE:XZCUSDT,BINANCE:SOLUSDT,BINANCE:CTSIUSDT,BINANCE:HIVEUSDT,BINANCE:CHRUSDT,BINANCE:BTCUPUSDT,BINANCE:BTCDOWNUSDT,BINANCE:GXSUSDT,BINANCE:ARDRUSDT,BINANCE:LENDUSDT,BINANCE:MDTUSDT,BINANCE:STMXUSDT,BINANCE:KNCUSDT,BINANCE:REPUSDT,BINANCE:LRCUSDT,BINANCE:PNTUSDT,BINANCE:COMPUSDT,BINANCE:BKRWUSDT,BINANCE:SCUSDT,BINANCE:ZENUSDT,BINANCE:SNXUSDT,BINANCE:ETHUPUSDT,BINANCE:ETHDOWNUSDT,BINANCE:ADAUPUSDT,BINANCE:ADADOWNUSDT,BINANCE:LINKUPUSDT,BINANCE:LINKDOWNUSDT,BINANCE:VTHOUSDT,BINANCE:DGBUSDT,BINANCE:GBPUSDT,BINANCE:SXPUSDT,BINANCE:MKRUSDT,BINANCE:DAIUSDT,BINANCE:DCRUSDT,BINANCE:STORJUSDT,BINANCE:BNBUPUSDT,BINANCE:BNBDOWNUSDT,BINANCE:XTZUPUSDT,BINANCE:XTZDOWNUSDT,BINANCE:MANAUSDT,BINANCE:AUDUSDT,BINANCE:YFIUSDT,BINANCE:BALUSDT,BINANCE:BLZUSDT,BINANCE:IRISUSDT,BINANCE:KMDUSDT,BINANCE:JSTUSDT,BINANCE:SRMUSDT,BINANCE:ANTUSDT,BINANCE:CRVUSDT,BINANCE:SANDUSDT,BINANCE:OCEANUSDT,BINANCE:NMRUSDT,BINANCE:DOTUSDT,BINANCE:LUNAUSDT,BINANCE:RSRUSDT,BINANCE:PAXGUSDT,BINANCE:WNXMUSDT,BINANCE:TRBUSDT,BINANCE:BZRXUSDT,BINANCE:SUSHIUSDT,BINANCE:YFIIUSDT,BINANCE:KSMUSDT,BINANCE:EGLDUSDT,BINANCE:DIAUSDT,BINANCE:RUNEUSDT,BINANCE:FIOUSDT,BINANCE:UMAUSDT,BINANCE:EOSUPUSDT,BINANCE:EOSDOWNUSDT,BINANCE:TRXUPUSDT,BINANCE:TRXDOWNUSDT,BINANCE:XRPUPUSDT,BINANCE:XRPDOWNUSDT,BINANCE:DOTUPUSDT,BINANCE:DOTDOWNUSDT,BINANCE:BELUSDT,BINANCE:WINGUSDT,BINANCE:LTCUPUSDT,BINANCE:LTCDOWNUSDT,BINANCE:UNIUSDT,BINANCE:NBSUSDT,BINANCE:OXTUSDT,BINANCE:SUNUSDT,BINANCE:AVAXUSDT,BINANCE:HNTUSDT,BINANCE:FLMUSDT,BINANCE:UNIUPUSDT,BINANCE:UNIDOWNUSDT,BINANCE:ORNUSDT,BINANCE:UTKUSDT,BINANCE:XVSUSDT,BINANCE:ALPHAUSDT,BINANCE:AAVEUSDT,BINANCE:NEARUSDT,BINANCE:SXPUPUSDT,BINANCE:SXPDOWNUSDT,BINANCE:FILUSDT,BINANCE:FILUPUSDT,BINANCE:FILDOWNUSDT,BINANCE:YFIUPUSDT,BINANCE:YFIDOWNUSDT,BINANCE:INJUSDT,BINANCE:AUDIOUSDT,BINANCE:CTKUSDT,BINANCE:BCHUPUSDT,BINANCE:BCHDOWNUSDT,BINANCE:AKROUSDT,BINANCE:AXSUSDT,BINANCE:HARDUSDT,BINANCE:DNTUSDT,BINANCE:STRAXUSDT,BINANCE:UNFIUSDT,BINANCE:ROSEUSDT,BINANCE:AVAUSDT,BINANCE:XEMUSDT,BINANCE:AAVEUPUSDT,BINANCE:AAVEDOWNUSDT,BINANCE:SKLUSDT,BINANCE:SUSDUSDT,BINANCE:SUSHIUPUSDT,BINANCE:SUSHIDOWNUSDT,BINANCE:XLMUPUSDT,BINANCE:XLMDOWNUSDT,BINANCE:GRTUSDT,BINANCE:JUVUSDT,BINANCE:PSGUSDT,BINANCE:1INCHUSDT,BINANCE:REEFUSDT,BINANCE:OGUSDT,BINANCE:ATMUSDT,BINANCE:ASRUSDT,BINANCE:CELOUSDT,BINANCE:RIFUSDT,BINANCE:BTCSTUSDT,BINANCE:TRUUSDT,BINANCE:CKBUSDT,BINANCE:TWTUSDT,BINANCE:FIROUSDT,BINANCE:LITUSDT,BINANCE:SFPUSDT,BINANCE:DODOUSDT,BINANCE:CAKEUSDT,BINANCE:ACMUSDT,BINANCE:BADGERUSDT,BINANCE:FISUSDT,BINANCE:OMUSDT,BINANCE:PONDUSDT,BINANCE:DEGOUSDT,BINANCE:ALICEUSDT,BINANCE:LINAUSDT,BINANCE:PERPUSDT,BINANCE:RAMPUSDT,BINANCE:SUPERUSDT,BINANCE:CFXUSDT
Create Alerts (And Wait Patiently!)There are two key steps to creating alerts:
1. Find Important Price Levels
Do your research. Find a price level that looks important and wait. Patience is everything. You have all of the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools to make better decisions.
2. Create The Alert
Once you've found a level that interests you, create an alert and walk away. Right-click on that exact price level and then select "Create Alert" from the menu. You can also use the keyboard shortcut Alt + A or on a Mac option + A. Lastly, at the top of every chart is an alarm clock icon ⏰. Click that to open your alert menu and get started.
The chart in this example shows a level we're watching. It also shows the alert we created. We have our eyes on a possible Double Bottom and we made an alert to watch that level. We'll get notifications on our TradingView mobile app, through email, and on our desktop. We won't miss it. 😁
Alerts can help you plan ahead and wait. We all know patience is important. So use alerts to express that patience.
Thanks for reading and we look forward to hearing your feedback in the comments below!
How to categorize trends?In times like these when markets are moving down so much from the high point, it is important to understand this chart.
In a Bull market, the market consistently makes higher highs and higher lows. When the market starts moving lower, people start fearing an incoming bear market or a crash. But it is important to note that, if the market is down <10% from all time high, it is not enough to be considered a correction.
A correction is when the market is trading between 10% and 20% lower from the all time high. Currently Nifty 50 is only down 7.5% from the high point. Hence, it cannot really be termed as a correction yet either.
A bear market is defined when the prices are trading more than 20% from the all time high. This point is very very far away for Nifty and it would have to go down below 12,350 for it to be considered a bear market.
In my opinion, if one is a long term investor, all dips on the market are good opportunities to start buying more shares. It is not possible for any one predict and buy right at the bottom of the dip. Hence, I consider the current market situation to as a time to accumulate small quantities of stocks which you can keep adding to if the market dips further.
MARUTI SUZUKI| Wyckoff Events and Phases explained 🎯Wyckoff developed a price action market theory which is still a leading principle in today's trading practice.
The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown.
👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases👈
And this is the accumulation stage -
1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move.
- Volume increases and price spread widens, signaling that the down-move may be approaching its end.
2) SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom.
- Often price will close well off the low in an SC , reflecting the buying by these large interests.
3) AR—Automatic Rally, which occurs because intense selling pressure has greatly decline.
- A wave of buying easily pushes prices up.
- The high of this rally will help define the upper boundary of an accumulation.
4) ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand.
- If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC .
- It is common to have multiple STs after an SC .
5) SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume .
6) LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS.
7) BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume .
INVESTMENT TRAP- Anchoring Bias (Educational) INVESTMENT TRAPS- Anchoring Bias
Describes the tendency to only rely on top piece of information and getting anchored to it while decision-making. It causes a lot of oscillation and hinders the decision-making ability.
For instance- You had a good return on a stock in the past, your perception on the future returns would be similar, even when the prices might take a dive.
Escape the Trap by:
1.Acknowledging the bias.
2.In-depth research and analysis.
3.Delaying the decision.
4.Dropping down the anchor.
Stair Steps Pattern | ULTRACEMCO 🎯The stair steps pattern overview
The stair steps pattern forms along with the trend .It shows an uptrend where the price rises and falls abruptly. The graph reminds the stairs, thus a name of the pattern
In the uptrend, you may notice long consecutive bullish candles. Then, the price adjustment takes place and the cycle starts all over again. The price correction areas create new levels of resistance which soon will be broken again so the uptrend continues.
Best of luck!
IOC| Wyckoff Events and Phases explained 🎯Wyckoff developed a price action market theory which is still a leading principle in today's trading practice.
The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown.
👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases 👈
And this is the accumulation stage -
1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move.
- Volume increases and price spread widens, signaling that the down-move may be approaching its end.
2) SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom.
- Often price will close well off the low in an SC, reflecting the buying by these large interests.
3) AR—Automatic Rally, which occurs because intense selling pressure has greatly decline.
- A wave of buying easily pushes prices up.
- The high of this rally will help define the upper boundary of an accumulation.
4) ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand.
- If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC.
- It is common to have multiple STs after an SC.
5) SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume.
6) LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS.
7) BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume.
All the phases of accumulation stage-
Phase A:
Phase A marks the stopping of the prior downtrend.
-- Up to this point, supply has been dominant.
-- The approaching cutback of supply is evidenced in preliminary support (PS) and a selling climax (SC).
-- A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC.
-- If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation.
-- Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above.
Phase B:
-- Phase B serves the function of “building a cause” for a new uptrend
-- In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup.
--There are usually multiple STs during Phase B'
-- Institutional buying and selling impart the characteristic up-and-down price action of the trading range.
--Early on in Phase B, the price swings tend to be wide and accompanied by high volume.
Phase C:
-- It is in Phase C that the stock price goes through a final test of the remaining supply.
-- this marks the beginning of a new uptrend, trapping the late sellers (bears).
-- It indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position.
-- The appearance of an SOS shortly after a spring or shakeout validates the analysis.
Phase D:
--During Phase D, the price will move at least to the top
--LPSs in this phase are generally excellent places to initiate or add to profitable long positions.
Phase E:
--large operators can occur at any point in Phase E.
--These are sometimes called “stepping stones” on the way to even higher price targets.
👉PRICE ACTION BASED ANALYSIS 👈
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IRON FLY STRATEGY FOR NIFTY 10 MAR EXPIRYIron Fly is a non directional strategy that works very well in a sideways market. I was of the view that the market would be sideways for the reasons mentioned in the video. This worked very well for the weekly expiry and it is used very often in confusing markets such as this.
This was one of my first attempts at vocally explaining strategies so I may not have been as clear in the details.
Let me know if you have any questions about this strategy in the comments. Please LIKE if you would want to see more content like this. :)
Trader's Queries - Trading Index OptionsThis is one of the most asked queries. It resembles the doubt in many newbie traders mind.
Query: I have a small capital “Y” amount. If I trade in stocks, my profit will be 0.1 to 0.5 % of my capital. But index options are cheap. And it has the potential of giving more than 10% profit of my capital in few trades. But I keep on losing money. What to do?
Let us see the different scenarios.
Factors to consider:
Understanding the price movement.
Emotional balance.
Flexibility and adaptability.
Person A is a newbie trader with 1 to 2 years of experience in trading. He get tensed during live market and unable to take right trading decisions which results in losing the capital.
Person B has more than 2 years of experience in trading. He can understand market movements, but lacks the flexibility in trading which results in losing money.
Person C is an experienced trader and he is good in understanding market & has the ability to adapt any market situations. He makes more than 10% profit in few trades consistently.
Experience in trading is important in deciding profit. That too in index options. Any one can make money in share market if he develops the qualification for it.
GU trade breakdown of my thought process for the key area and PTThis is a recent trade on GU that i took earlier this week.
This is a go to set up that ticked all of the boxes perfectly, the key takeaways from this post is about the importance of using the higher time frames to find key areas to enter from as well as key areas to set a PT at.
The entry was refined on the 1min chart however the information that we gather from the higher time frames need to be taken into consideration first. This is because we only want to be dropping down the lower time frames for the entry when we have our bias and key areas already worked out from the higher time frames 1hr and above.
We need to get a clear bias from the 1hr chart before we are even considering to drop down and look for an entry. This is why my key area was marked on the 1hr IMB fill and i waited for this to be hit before dropping down a time frame.
I then waited for a 15min Break of stucture before then dropping down even further to the 1min to look for the actual entry.
This was a short term trade, however because of the 4 pip stop loss i was still able to take 10% from the market in only a 40 pip move.
Because the higher time frame structure was so bearish it would be silly to try and push for any more then 10% on this trade.
Trading parallel channel breakouts.NSE:BAJAJ_AUTO
Simple guide on how to trade breakouts from ( parallel channel ) trading range.
This example illustrates how the parallel channel breakout ideally works out. Please try and spot stocks and index that are currently either trading in a range or about to breakout for trading opportunities, Keep plotting, keep learning and trade with confidence.
Feel free to message me regarding any doubt you might have.
Please comment, like and share the post if you find it useful.
Line tool Customized for Multi Timeframe view.Professional Price action trader's analysis will be from higher time frame to lower time frame.
Higher time frames like Monthly, Weekly, daily, 4Hour are acts as Major Supply & Demand levels for any script.
Lower time frames 1Hour, 15min, 5min are used to enter the market.
In the chart of USOIL, I have mentioned the major Supply & Demand ranges in line and its text options.
MSR - Monthly Supply Range
WSR - Weekly Supply Range
DSR - Daily Supply Range
DDR - Daily Demand Range
4HDR - 4Hour Demand Range
For Positional traders, it will be help full to see all major time frame Supply & Demand ranges in 1Hour chart to proper entry with good Risk to Reward ratios.
Also no need to switch between Higher time frames every time.
Hope everyone will utilize this content & take your trading journey to the next level.
Take care & Trade wisely.
Trader's Queries - Manual for trading - Part 5Query : How to over come losses and become a profitable trader?
Answer : This is Part 5. If you are new, refer Part 1, 2 , 3 & 4 for better understanding.
Step 10 : Develop an unbiased mindset. Why it is important? Let’s see how biases affect Person A’s trades.
Example 1 : Confirmation bias.
This happens when we believe what we want to see instead of the fact.
Person A is having bullish view about the market and ignores all the bearish signs the market give him. He goes long even though the market shows the signs of weakness in uptrend. This type of bias gives loss.
Example 2 : Recent bias.
This happens because of the recent happenings which make us to forget the past completely.
Person A had consistent profit for few days and he start to take all the trades with the expectation that it will give him profit only.
Another example is once the market fall continuously for 2 or 3 days, 4th day most traders start their trade with the expectation that the market will fall that day too.
Check whether your trades are influenced by your biased mind and start to see the real facts.