Economic Cycles
DROP and RISING cycle in LTCUSDLTCUSD
The cryptocurrencies have the tendency to repeat its cycle and i am expecting that the sudden drop after the accumulation happens regularly and after the sudden fall we can see a gradual rising and ultimately went above the previous high level
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Eichermot | Harley Davidson leaved India Harley said in a regulatory filing Thursday that it was discontinuing sales and manufacturing operations in the world’s second most populous country as part of its company-wide restructuring, or the “Rewire” plan, a five-year strategy to reset its business, focus on high-priority markets and tighten up by streamlining models.
EICHERMOTOR now have no competition ,they will rule and planned the new model to launch soon
Go as Per Charts
You guys can change the targets and stop-loss as per your risk management
just go LONG
DON'T forget to check out the related ideas which i have mentioned below
FOLLOW & LIKE & COMMENT
COMA ( Combined Orderly Moving Average ) Friends whenever you want to trade Moving average system trading , One thing you must follow is an method called COMA that means
" Combined Orderly Moving Average " this basically help you to identify choppy and side ways market and trending market
during side ways market price moves in range where people trade it as trading in Zone system , Most retail and day traders trade it as support & Resistance
if you are looking for trending move where you will keep making money as long as you have confirmation and Trailing stop to keep your profits growing
this method is used in Wall street , and its called COMA , Most of wall street Professional like to trade trending market , they just pause or trade less in Choppy market
having an Experience as wall street Professional today i am providing you little called COMA + Trend line
Yes this method is money making method and Most Options sellers you this Method in Wall street , its simple method to understand
i will try my best to explain here in writing if you do not understand bear with me I will post after Oct 05 a video explanation
What is COMA ?
A COMA is a where all the selected moving average are in orderly manner the represent their placement in orderly manner
when all the 3 Moving average are in orderly manner the Market is in trending ,
that means any reversal at or near one of the moving average buy or sell set up
in buy set up and lowest low is stop loss , also one can use value of middle moving average as trailing stop or can book voluntary once it close below the
top moving average
in sell set up the price has to breach top moving average and then reverse which is considered as sell set up
the trend line placing exactly below the Lowest low or highest high moving average will help you to understand where the market is heading
i have posting some call out in the charts , Hope you will try to understand it
tats all friends Good luck
Momentum Analysis & Distribution Phase - Tata ChemicalsPrice Action Analysis:
Analysis of momentum is not about measuring any absolute value of momentum, but in making a comparison of current price action momentum with prior price action momentum. In the month of March price declined from a high of 340 to a low of 197. Price swings saw an acceleration and shows increasing momentum and strengthening of decline. From the low of 197 price reversed and advanced with higher swing lows and high swing highs to record a high at 325. But the price structure of the up move indicates a decelerating momentum. Decreasing slope (the violet line with) shows decreasing speed. Momentum within this price swing is decreasing, showing weakness developing in the price swing.
The swing high at 325 falls within the prior resistance zone of the 340. The present position of price appears to be in a distribution phase with the completion of five internal swings within a mother swing with a swing high at 325 and a swing low at 293, which is also visible as multiple inside bars on a weekly time frame.
Ranges that has formed at the end of a previous trend (uptrend) brings a balance in supply and demand of the market. In such ranges, neither buying nor selling activity will be large enough to create significant movement towards upside or downside. Hence in such type of ranges, Price action moves sideways for an extended time period. Big Institutional Players and Smart Money traders commonly referred as Composite Man by Wyckoff, take significantly large positions in these types of Ranges. One can witness low volumes as price entered the distribution phase but the volume has increased with significant bearish bars in the last leg of the swing.
Trade Plan:
One can initiate a short position in the zone of 300 to 306 with an Initial Stop-Loss of 323. Price can find initial support in the zone of 293. One can expect an equal measured move of the range on price break and close below the mother swing low at 293.
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
GBPJPY , Weekly analysis,Jul 6 - 10Hi traders,
Have a great trading week,
Pound against Yen pair, 134.500 remains long time key area for GBPJPY , even though this pair seen some down side on friday last week, this pair looks to retrace the resistance area of 133.00 and it may go upside towards 136.00,
Thanks to all.
Note - Prediction based on price action analysis, fundamentals also have considerable impact on price movement..
AUROPHARMA - PEAKED ? AUROPHARMA had some good run in recent times
The Price action shows, the first major jump happened with lot of volumes and then consolidation and then smaller jumps based on smaller volume hikes
again there is a smaller volume hike, so consolidation expected in the next few days
Entry, SL and Target provided on the charts
Happy trading
MSK