Beyond Technical Analysis
✨TERM OF THE DAY✨ = TIME VALUE OF MONEY (VIEW SHARED AS READ)... is the concept that
money available at the present time
is worth more then the identical sum
in the future due to its potential earning capacity.
This core principle of Finance holds that
provided money can earn interest,
any amount of money is worth more then sooner
it is received.
disclaimer - shared what i read, learnt, applying
USOIL can give Bullish breakout, And CRUDEOIL too.USOIL can give bullish breakout, because it is forming bullish wedge pattern, and because of this we can expect same from CRUDEOIL too, on Tuesday. But we can not predict market, so we have to keep analyzing, it can also give bearish breakdown.
It's just my personal view, not a call.
TERM OF THE DAY ==EXIT STRATEGY (SOME VIEW SHARED AS READ WHILE)💨An Exit Strategy is a contingency plan
that is executed by an
Investor, Trader, Venture Capitalist, or Business Owner
to liquidate a position in a financial asset
or dispose of tangible business assets once predetermined criteria
for either has been met or exceeded.
💨An Exit Strategy may be executed
to exit a non-performing investment
or close an unprofitable business.
In this case, the purpose of the
exit strategy is to limit losses.
disclaimer - its only shared with intent to share something which i read and has helped me
How I Catched RR 1:14 in 1 Month | BAJAJ FINANCE In My Journal I Also Have Chart Of Entry Time
But Because Of Reputation <10 , I Am Not Able To Post It
I Entered In Date 27-Oct-2020 , Using Expiry Of Nov.26.2020 , At Price 3335
I Placed SL. At Price 3236.50
& After Holding Patiently I Catched RR Of 1:14
At The Same Time Stock Jumped 40-45% From My Entry.
While Entering My Target Was At = 3700 & I Holded It Till Now..🤑
I Hope You've Learned Something From This Post Of Mine.
Key Things About MEe.👇
I Started Trading In The Start Of Sep.2019
I Lost A Lot Of Money In Day Trading.
But Swing Trading Works Well For MEe.
I Follow Checklist Made In "Notion" While Selecting Stock.
I Journal My Trades & Also Take Screenshot While Entering & Exiting.
I Think I Have Winrate Of 50-60% RightNow.
HINDALCO: ALGO SIGNAL DEMONSTRATIONHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
How World Trend Performed Before Indian Stock Exchanges opensDo you Ever Wonder How world Trend is Performing Before the Indian Market Opens.
How Major American Stock Exchanges performed ?
How Major Asian Stock Exchanges are performing ?
How is Major European Stock Exchanges are performing?
It will be great if you get to Know all these in one place.
Major American Stock Exchanges
AMERICAN Region Stock Exchanges
INDEX NAME
Dow Jones Industrial Average
S&P 500 Index
Nasdaq Composite
Russell 2000 Index
NYSE ARCA OIL INDEX
S&P/ASX 200
NYSE AMEX COMPOSITE INDEX
S&P/TSX Composite index
IPC MEXICO
S&P/NZX 50 INDEX GROSS
picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the American Markets Trendline.
X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST.
drive.google.com
ASIAN MARKET
SENSEX
Hang Seng Index
Nikkei 225
Kosdaq Composite Index
Taiwan Capitalization Weighted Stock Index
Thailand
Israel
turkey
indoneshia
KOSPI Composite Index
X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST.
The picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the Asian Markets Trendline.
drive.google.com
MAJOR INDIAN INDICIES
NIFTY
NIFTY BANKnifty
NIFTY AUTO
NIFTY METAL
NIFTY FMCG
NIFTY PHARMA
NIFTY MEDIA
NIFTY INFRA
NIFTY IT
NIFTY ENERGY
The picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the Indian Markets Trendline.
X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST.
drive.google.com
The picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the Indian Asian Trendline.
X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST.
drive.google.com
EUROPEAN MARKET
DAX PERFORMANCE-INDEX
MDAX
FTSE 100 Index
IBEX 35
CAC 40
FTSE 100
ESTX 50 PR.EUR
swiss market index
MOEX Russia Index
How BANKNIFTY include or exclude the Banking stocks ?If you ever wonder how BANKNIFTY selects the Banking stocks so Here is the answer:
The NIFTY Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries
a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed
on National Stock Exchange of India (NSE).
NIFTY Bank Index is computed using free float market capitalization method.
NIFTY Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variant: NIFTY Bank Total Returns Index.
currently Banking stocks in BANKNIFTY are :
SBIN
INDUSINDBK
AXISBANK
ICICIBANK
HDFCBANK
RBLBANK
KOTAKBANK
BANDHANBNK
BANKBARODA
PNB
FEDERALBNK
IDFCFIRSTB
INDEX METHODOLOGY
Eligibility Criteria for Selection of Constituent Stocks:
i. Companies should form part of NIFTY 500 at the time of review. In case, the number of eligible stocks representing a particular
sector within NIFTY 500 falls below 10, then deficit number of stocks shall be selected from the universe of stocks ranked within top
800 based on both average daily turnover and average daily full market capitalisation based on previous six months period data used
for index rebalancing of NIFTY 500.
ii. Companies should form a part of the Banking sector.
iii. The company's trading frequency should be at least 90% in the last six months.
iv. The company should have a listing history of 6 months. A company which comes out with an IPO will be eligible for inclusion in
the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
v. Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.
vi. Final selection of 12 companies shall be done based on the free-float market capitalization of the companies.
vii. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be
more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.
Index Re-Balancing:
Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of
indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of
change.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE
Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
References : NSE INDIA official website
4 MOST COMMON TRADING PERSONALITIES 1.The Quick and Silent Sniper-
The sniper is a trader who has a lot of patience, who sits quietly and waits. At their side are the predefined perfect conditions for entry and exit. The sniper waits and waits for specific levels.
*2. The Scalper-
This type of trader is very aggressive.
They find themselves in many intermediate levels in the range of the rally cycle and often try to exploit and take advantage of many trades, expecting to make low profits.
*3. The Artillery* Barrager -
Bust out the big and loud guns for these guys.
These are traders who go with trial and error and just put as much out there as possible. They go on a specific level and then try multiple entries around key levels until it works.
*4. The Hobo ( or Trainhopper )-*
Imagine you’re in the wild west at a train station. A train just began to leave when you see someone run up alongside it with their bags slung over their shoulder.
The train speeds up, but they manage to toss their belongings in an open door. They pick up speed and haul themselves in as well.
disclaimer - shared whats read and learnt
Reliance- Cracks 3% - Has Wave 4 started? Downside (Top-2093)Not A Trading Call. Just for Educational Purpose
Last Price-2010 / 11:46 Hrs / 11th Nov2020
------------------------------------------------------------------------------------------------------------------------------
Recap
Fall Below 2060/2065 which was updated in the last idea published as mentioned looks like an impulsive Wave-3 down finished the fall from 2310 to 1835 lows.
-------------------------------------------------------------------------------------------------------------------------------
Present Day @ 11th Nov2020
-----------------------------------
From 2370 Highs - It can be counted as 1-2-3rd wave done at 1835 lows - wave 4 possibly done today @2095 & falling in wave 5 next
Current upside move from 1835 to 2095 retraced close to 50 % can be possible wave-4 done at the tops (not confirmed yet)
Next Support (Don't forget) -1990-2000
Question to ask - Was that Wave 4 done at the tops today or a part of corrective sequence
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Early Snapshot
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#RISEnSHINETOGETHER-SHARE WHAT U READ TO UNDERSTAND MORE DEEPLY Part 1 – Methodology Plan
This is the framework of your trading plan. Without thoroughly making these decisions, your plan may not be fluid.
Part 2 – Your Money Management Plan
Money management is the most important part of the plan. This is where you should understand how “risk of ruin” relates to your trading.
When calculating your risk of ruin, any number above zero is too high. That means you will eventually blow up your account in a matter of days, weeks, or months.
Part 3 – Trading Psychology
Psychology is the journalism section. Journaling is a mental support system, gives way to ground yourself and your thoughts. It helps to place you in a mindful state to clear clutter, bring clarity and problem solve.
Part 4 – Using the best tools for trading success
Lastly, which tools will you be going to use in order to facilitate your trades?
PLEASE LIKE, SHARE, LEARN
EDUCATE OUR OWNSELF AND OUR FELLOW MATES
#RISENSHINETOGETHER
INDUSIND BANK : ALGO DEMONSTRATION (FINALLY GAVE EXIT SIGNAL)HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
INDUSIND BANK : ALGO SIGNAL DEMONSTRATIONHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
JUST DIAL : ALGO SIGNAL DEMONSTRATIONHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)