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Mastering Trade Setup with simplicity of dow theorySimplifying Trade Strategies with Dow Theory Wisdom Welcome to the world of trading, where the Dow Theory can be your trusty guide. Let's break down an easy trade strategy that suits different market situations. Dow Theory Insights Dow Theory, a key tool in technical analysis, says understanding trends is crucial. Figuring out the trend is where we start, setting the stage for smart trade decisions. Bullish View If we're feeling positive Higher Lows: Check if prices keep going up. Near Support: Make sure prices are close to a support zone. Reversal Signs: Look for any candle patterns signaling a turnaround. Buying Setup: Stoploss: Think of it like a safety net, set it at the recent lowest point. Execute a buy trade when these factors line up, always keeping an eye on that stoploss. Bearish View If we're feeling negative Lower Highs: Check if prices keep going down. Near Resistance: Make sure prices are close to a resistance zone. Reversal Hints: Look for any candle patterns signaling a potential shift. Selling Setup: Stoploss: Your safety measure, set it at the recent highest point. Execute a sell trade when these conditions come together, always mindful of that stoploss. Sideways View For a market that's just hanging out Draw Lines: Sketch lines above and below the current prices (Support and Resistence Trendlines) Be Patient: Hang tight until prices break above or below those lines. Only jump into a trade when the market decides where it's going. In the lively world of trading, Dow Theory keeps us wise. By using these strategies, along with clever stoploss placements, you can navigate the markets with ease This post is for educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always do your research and consider consulting a financial advisor before making any investment decisions. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:NIFTYEducation
by RK_Chaarts
25
NIFTY Trading Cycle - Accumulation/Markup/Distribution/Markdown Educational: According to Dow Theory, the bull markets are trade with three distinct phases, which are self-repeating. These are called the Accumulation phase, the Markup phase, and the Distribution phase. Initial 2 phases we seen 2 time repeating on the nifty's bull rally. Now we need to focus on 3rd phase which can be distribution phase after this 2 cycles. Disclaimer: Consider this post for educational purpose only. Which helps you to understand different phases of market. Not recommended to buy/sell any position by considering this post. Before taking any decision firstly take advice from your financial advisor. Thank You!
NSE:NIFTY
by TradZoo
4
Nifty View To do ATH or not to do ATH, that is the question?Nifty broke our bearish DOW theory and made a HH (higher high) than previous LH (lower high) If this bullish DOW theory has to continue, expecting a HL and then continue upwards. Cautiously Bullish view here. Though if on a broader outlook, it has not crossed high and we can consider today's high as Lower high compared to yesterday's High. So, on broader view, it is still making LH and we may expect a LL and for trading that move we must see a breakdown of 15690 (HL level) Today's high is also 78% retracement of yesterday's dip (which could also be wave B).
NSE:NIFTYShort
by NeelamN
HGINFRA: DOW Theory UptrendNSE:HGINFRA Current Market Price : 358.45 Accumulate Between 378.40 to 353.50 Target 1 : 400, Target 2 : 500, Target 3 : 600+ Stop Loss : 310 Time Frame : Within 90 Trading sessions roughly as per Technical Analysis Principles. Logic behind this idea: Higher Highs and Higher Lows formations as per DOW Theory, It is long term Bullish Disclaimer Risk is Yours and Reward is too yours totally. This idea is being posted here by me for educational purpose only. Thank You. ...
NSE:HGINFRALong
by Kuldeep_Share