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Thanks to the greatest teacher 'THE MARKET' !!!This publication is dedicated to thanking one of the greatest and strict teacher the ‘Stock Market’. The lessons of the market not only help one to succeed in the stock market but also helps throughout life. This 5th September i.e. Teacher’s day let’s have a detailed look at 5 Great Learnings of Stock Market and thank her for these life-awakening learnings. -> Discipline: The most important teaching in markets is discipline. As the wording of Jim Rohn states “Discipline is the bridge between goals and accomplishment” stock market develops that bridge. The market has its way of teaching and punishing, I think all of us had witnessed its punishment whether in form of not keeping stop loss or not following your trade system. Discipline plays a vital role in an individual’s life. As said by Horace “Rule your mind or it will rule you. ”The disciplined person has the power to rule his mind whereas others lack this ability. -> Patience: Another gem cultivated by markets in our personality and harvested by us throughout life. One of the familiar names of our school time Benjamin Franklin says “He that can have patience can have what he will.” market first teaches this gem to us then offer us what we wish. We all have at least once missed taking the real profit by not waiting till the target is achieved but leaving the trade in midway though it was moving in our direction the reason is we lack patience and the market gives profit only to eligible ones so, either you be eligible or market will make you fit for it by its own way. -> Ability to conquer 3 gateways of hell: According to ‘The Bhagavad Gita’ there are 3 gateways to hell i.e. Lust, Greed, and Anger. The market helps its students in conquering those strong emotions. The beginner in the stock market has a strong lust for making money very quickly and greed for making lots of money without that kind of effort and when he fails in his motive anger gets born in his personality from where degradation or hell starts. Those few people who still have not left the hands of the market get the knowledge to conquer those emotions throughout their journey in markets. -> Faith in yourself: One of the famous quotes by Ralph Waldo Emerson is “The best lightning rod for your protection is your own spine.” market strengthen that spine so that we as its student can withstand any kind of storm in our life. Before taking any trade based on your analysis requires self-belief on the early days people hesitate but later they rely on their analysis because the market has taught them self-belief. -> Crush your arrogance: Market is popular in crushing the arrogant guy along with this removing any trace of arrogance in his personality. The famous wording says “Close some doors today. Not because of pride, incapacity, or arrogance, but simply because they lead you nowhere.” market as a kind teacher keep a keen eye on her student for arrogance as she knows that as soon as arrogance arises person starts his fall. All of us had witnessed that whenever we start thinking that we have mastered markets and try to neglect discipline market slaps us badly to awaken us that we are still newbies and still had to learn a lot. According to me, these 5 are the most valuable learnings of markets but if you have any learning of market much valuable in your life please mention in comments. Also, comment which subjects teacher in your school life is as strict as the stock market, for me its 2nd language(Hindi) teacher. Finally great thanks to 'The Market' for these great teachings. The stock market gives success only to eligible ones so, either you be eligible or the market will make you fit for it in its own way.
NSE:NIFTYEducation
by Chaser30
15
Important house rules of TradingViewHey everyone! 👋 In this post, we will be taking a look at some of the most important guidelines we have on our platform when it comes to publishing. By following these pointers, you can be sure that the stage is set for you to post the most creative, alpha-generating trade ideas! Who knows, we may even select your idea for the front page 👀. In addition, following these rules will also help keep the site free of spam and low-quality content. Let’s dive in! ✅ Make ideas understandable → When publishing content, be sure to include an insightful description and a readable title so that everyone can understand your post. You probably shouldn't propose an idea if it doesn't have any underlying logic. → The description does not necessarily have to be long. It can be short and crisp, explaining what you want to convey through your chart. That said, the more you write, the easier it will be for people to understand what you’re talking about. → You can mention several points such as the concept, entry, stop loss, targets, etc. This can help out novice traders in understanding your thought process. → Do not write the title or description in all capital letters (upper case). ✅ All content should be ad-free → Your content should be free from promotions. Any form of advertisements, logos, links, or references to any website, social media, messaging or email contacts, company names, wallet addresses, giveaways, prize contests, or any other kind of announcement or solicitation is not allowed. → Do not mention your Telegram, Twitter, Instagram, Youtube, WhatsApp, or any other social handles on the chart, in the description, in the comment section, or in public chatrooms. ⏰ Exception : The only exception to this rule is for Premium subscribers, who are allowed to include links and solicitation ONLY in the Signature field. ✅ No Fundraising Any calls for donations or money-related solicitations are prohibited. Please take those requests to other platforms that are intended for such purposes. ✅ Publish in the same language as the site you're on → Please be sure to keep to the language of the TradingView subdomain you're on because writing in one language when the audience reads in another is simply a waste of time and effort. → If you'd like to publish in another language, please change the dialect by going to the language selector at the top bar menu of the screen. → You can not comment or publish ideas in Hindi on the Indian version as it is specifically an English subdomain. If you use any other language than English, then your ideas will be hidden. ⏰ Exception : The only exception is for scripts. Script titles must be in English, and their description must begin with English, followed by a translation in your preferred language(s). ✅ Don't plagiarize → Only share original content that you have created or have rights for. Do not copy or use someone else's work without getting their legal permission or without crediting them. → The ideas with plagiarized content are deleted and a harsh ban is imposed on the user. ✅ Don't fight the mods → Moderators are volunteers doing their best to keep the platform free of violations. Disrespecting moderators can lead to temporary or permanent suspension of your account from using any social features. → Mods are friendly chaps who are there to improve your experience on TV. If you have any complaints or concerns, please send them via private message in a civil manner. ✅ Don't create duplicate accounts Use only one account. All fake, spam accounts are banned permanently without any warning. ✅ Don't try to manipulate the reputation system → Creation of multiple accounts to comment and like posts on the original account is a violation. A permanent ban will be imposed on the duplicate accounts as soon as they are flagged. → Do not indulge in any like-for-like or comment-for-comment scheme to increase the reputation points. If any user is caught doing so, a reputation cut will be applied. ✅ Be respectful → TradingView has a zero-tolerance policy for contentious political discourse, defamatory, threatening, or discriminatory remarks, hate speech, or personal attacks. → Be respectful, kind, tolerant, and constructive, even when you disagree. There's no room for negativity, swearing, trolling, or conflict. → Users can flag any spam comment/message by clicking on the small flag in front of the commenter's username. The comment will be moderated and deleted if necessary. You can also contact a mod for the same. Be sure to check out the complete house rules at this link . Thanks for reading! Hope this was helpful! See you all next week. 🙂 – Team TradingView Feel free to check us out on Instagram , Telegram , and YouTube for more awesome content! 💘
NSE:ADANIENTEducation
by TradingView
3
Gold Trade forecastForecast of Gold and Analysis for future target dates. Gold is Currently trading at 1712 levels on 1st Sept 2022 at 12am IST. What we have here is a typical formation of Elliot waves in which 5 waves are already completed and we are in process of formation of corrective ABC pattern in which wave B is likely appearing to be in completion stage. So, from here we are targeting the formation of Wave C and by analysis we will find the time and price level where the Wave C is likely to be completed. The Elliot wave started on 18th March 2022 with a Daily close at 2050.17 The 5th wave completed on 21st July 2022 with a Bullish open at 1696.61 1) When we plot the Fib based trend line from 18th Mar to 21st July, a correction time range (0.382 to 0.618) is falling in the range of 12 Sept 2022 to 13 Oct 2022. Red lines plotted on the chart. 2) When we make alternate Fib time projection (ATP) from corrective pattern of Wave 5 to Wave A, we have 3 different date projections. Purple lines plotted on the chart a) 14th Sept 2022 (0.618) b) 22nd Sept 2022 (1.00) c) 6th Oct 2022 (1.618) The Alternate time projections (ATP) have narrowed down the dates to the range of 14th Sept to 6th Oct and eliminated 2 days in Sept (12th and 13th Sept) and 7 days of Oct (7th to 13th Oct) of Fib retracement time zone calculated in 1) 3) A Low to High cycle were formed till now. a) Wave 1 to Wave 2 (23 bars)(33 days) - Corrective waves b) Wave 3 to Wave 4 (20 bars)(28 days) - Corrective waves c) Wave 5 to Wave A (16 bars)(22 days) - Motive waves There is a high probability that Wave B to Wave C will form between 22 days to 33 days, i.e., 22nd Sept to 3rd Oct. This calculation has further narrowed down our target days which was calculated earlier in ATP. All above calculations are done to calculate the Time retracement. A range of date in future time where the price will retrace. 4) The following calculation is based on Fib Price retracement levels. When we select the entire Trend from Wave 0 to Wave 5, we get the Internal retracement Fib levels. When we plot Alternate price projections (APP), similar to ATP in which we measure Wave A for Fib Levels and Plot those Fib levels from Wave B. When we plot some external Fib retracement levels from Wave 5 to Wave A. We get the following checklist. Sr No. Internal retracement Alternate price projections External Fib retracement levels a) (0.382) 1831.67 (1.00) 1818.82 (1.272) 1827.06 b) (0.5) 1873.39 (1.618) 1884.38 (1.618) 1858.98 We have 2 different price zones where there is a high probability of Wave C completion. 1) 1827.06 to 1831.67 (4.61 pips) 2) 1858.98 to 1873.39 (14.41 pips) Lets see how it transpires in future.
TVC:GOLD
by rajnish_jana
10
EMOTIONS | THE SEE-SAW of GREED & FEARAs your time spent with the market increases, you start to discover things about the nature of the trading game. Why they say its simple not easy. Why do 95% of traders end up losing money? Why is consistency so difficult to achieve? Can I even make consistent profits? Only after going through huge drawdowns, it gets embedded within your psyche. You realize that only you are to blame. Not the indicators, not the market, but your own... {{ GREED }} Greed can have undesired consequences on your trading if you let it take hold of you. These points I am going to mention are from personal experience: 1. Overtrading: I suffered from this for more than 3 months. Majority of my days kept ending in profits. I was confident in my trading. But the CHARGES kept adding up. At the end of the month, my net PL was deep red. Happens when "revenge" trading, trying to "win back" your losses. 2. Taking marginal setups: Taking setups that are not there in the first place. Happens when market is consolidating. You are faced with "boredom". There isn't a specific direction or trend. But your itchy hands start to take any setup there is. 3. Expecting more as "compensation": Again happens after string of losses. Now you feel the market "owes" you a winner. So, you keep holding to your trade beyond your exit plan. It suddenly drops. You end up booking less than 1:1. You end up frustrated. 4. Overconfidence: You are the "MIdas Touch" trader. Whatever you lay your hands on, it turns to gold. You feel nothing can go wrong now. Euphoria. You increase your lot size. You don't preset your SL. Happens after when you're on a win streak. The point when you need to be most cautious, you are most careless. ____________________________________________________________________ {{ FEAR }} Fear is vital for human survival, & for survival in the markets. One must not eliminate fear to succeed. He must rather acknowledge the fear in his mind, & proceed to take control of it. Of course, everyone here knows this is easier said than done. But fear does make you do certain things that are detrimental to your trading success. 1. Under trading/ Hesitation: You pick & choose your trades. You only take the trade that "feels" right to you. If there are 3 trades you identified based on your setups, you take only 1, making sure everything is "perfect". What happens? The trade you took turns a loser, & the other two - winners. Happens on losing streaks. You feel the market is "against" you. So you trade less so as not to "anger" the market. 2. Missing Setups : You refrain from trading altogether. Happens when your losses have piled up. Although a break from trading here & there is necessary, not trading is not the solution. 3. Leaving money on the table: "Ill take what I can get" mindset. Happens when you're impatient. You so desperately want to end the day with profits. Maybe you want to post the screenshot on instagram. But the low RR that you're booking will NOT be able to cover your loss days when they come. 4. Self-doubt. You are afraid of the market. You feel like a bad omen. A "Panauti" in Hindi. You convince yourself that any trade you take, will be a loser. A string of losses can create self-doubt that is very difficult to eradicate. Or maybe you have something going on in your personal life that is affecting your trading & causing self-doubt. {{ PLANFULNESS }} I came across the term "planfulness" in the book "Psychology Of Trading by Dr. Brett Steenbarger". He asserts this to be the solution to deal with trading emotions. Being planful & rule-governed. I am trying to incorporate pure planfulness in my trading. This is what planfulness is to me: 1. Trading ONLY your setups: Not something that "looks" like or "feels" like your setup. Even if it is 99% similar to your tried & tested setup, you must NOT take it. No making up new setups on the spot. Only back-tested ones. If there are NO trades available for your setup, sit & WAIT. 2. Trusting the setup's expectancy: The term "expectancy" is elaborated in the book 'The universal principles of successful trading -by Brent Penfold'. In brief, as long as your setup's expectancy is positive, that setup is money-making. The point here is not to get affected by the outcome of a single trade, but judge your results based on a sample size of trades. You may experience a string of losses, but as long as your expectancy is positive, you will be in net profit over a sample size of trades. 3. Taking ALL instances of the setup: Straight from Mark Douglas' "Trading in the Zone". if there is a trade based on your setup, you take it. Period. Only then can you judge the strength or weakness of your setup, & change it if need be. 4. Proper exits & SLs. I am sure there are a no. of trades where you exited, only to see the trade shoot up far beyond your take profit level. Again planfulness dictates that you stick to your RR no matter what. That is the only way to move forward. You cannot predict whether your current trade will shoot to 1:20 RR or not. But if you wait, you will end up booking less than 1:1. 5. Trading in the Zone: "The best loser is the long-term winner". Acclimatize yourself with loss. As long as you're not ready to accept loss, you will always be out of the zone. I am trying to do this myself. Hopefully we all succeed & get in the Zone together. Thank you:)
NSE:AXISBANK
by Divergent_trader
19
TATA CONSUMER PRODUCT Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:TATACONSUMLong
by Rvkachhadiya
22
"Volume and Price" Trend Relationship📈"Volume and Price" Trend Relationship📈 Price Up and Volume Up ✅ The volume trend has supported the uptrend movement. Therefore, we can look for buying opportunities. Price Up and Volume Down ✅ The volume trend has not been supported the uptrend movement. Therefore, we can exit our long position Price Down and Volume Up ✅ The volume trend has supported the downtrend movement. Therefore, we can look for selling opportunities. Price Down and Volume Down ✅ The volume trend has not been supported the downside movement. Therefore, we can exit our short position
Education
by TheNewsCrypto
6
Basic patterns of Elliott Wave Theory ExplainedTHE INTRODUCTION As you all know the waves always moves in zig zag fashion, either it moves up or it moves down, but the pattern always remains same i.e. Zig zag. So, the most important question is, with which method one can define the trend or some meaningful pattern, which can help anyone to plan his trade & other opportunities. There are multiple technical indicators available which can help to identify the patterns. However, the method which I use is The great Elliott Wave Theory. In this post I would like to summarize all of the basic Elliott Wave patterns. Here, in the Elliott Wave world, waves are always of two types. 1- Impulsive 2- Corrective CYCLE Whenever one impulse and corrective waves get combined one cycle is formed. Here, I have drawn the graphical representation of same. IMPULSIVE WAVES A Impulse is the combination of five wave structure, where all five waves are termed as: wave: 1,2,3,4 & 5 SUB STRUCTURE: Here, wave 1, 3 & 5 always sub divides into five smaller waves (*) (•)Waves 1 & 5 sometimes also gets converted into leading diagonal & ending diagonal. And, waves 2 & 4 always gets completed into a combination of three wave s structure. (structures could be simple or complex) (A separate topic) (also called as the corrective waves) CORRECTIVE WAVES ZIG ZAG Zig Zags are the pattern having the combination of three waves. (Wave a, b & c) Where, Wave A, subdivides into five waves , Wave B, sub divides into three waves and, Wave C, sub divides into five waves Here, I have drawn graphical representation of same. FLAT FLATS are the pattern having the combination of three waves. (Wave a, b & c) Where, Wave A, subdivides into three waves Wave B, sub divides into three waves And, Wave C, sub divides into five waves Here, I have drawn graphical representation of same. TRIANGLES A Triangle is the side ways price moves, bounded by converging trend lines. Internal wave in a triangle sub divides into 5 sub waves, named as A,B,C,D & E which further sub divides into 3 sub waves. Triangle often called as the terminating waves patterns, as it always terminates the big wave structure. LEADING DIAGONAL It consists of five sub-waves, labeled 1-2-3-4-5, Here, waves 1 & 4 always overlaps (exception) & Here, wave 1,3,5 sub divides into 5 sub waves & waves 2,4 sub divides into 3 sub waves. ENDING DIAGONAL It also, consists of five sub-waves, labeled 1-2-3-4-5, Here, waves 1 & 4 always overlaps (exception) & Here, wave 1,2,3,4,5 sub divides into 3 sub waves The patterns explained above are some of the basic patterns of " The Elliott Wave Theory" In future I would to cover separate topic in great detail.. Stay Tuned....
Education
by ShubhamKatiyar
3
Important types of chartsHey everyone! In this post, we are going to talk about different types of charts that are used in technical analysis. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading! Charts are used to illustrate change in prices over different time frames. It’s a graphical method of showing the historical price information. Charts are two-dimensional and have an x-axis (horizontal) and a y-axis (vertical). The x-axis generally represents time whereas the y-axis indicates the price. 👉 Line chart • “Line charts” are formed by connecting the closing prices of a specific stock over a given period of time. • It is particularly useful for providing a clear visualisation of the underlying trend. • It only considers the “closing value” of the stock and ignores the open, high, and low values. • Since it only uses the closing prices, hence it less noisy as compared to candlestick or bar charts. 👉 Bar chart • A bar shows the high price for the period at the top and the lowest price at the bottom of the bar. • Each bar displays the open, high, low, and close prices (OHLC). • Small lines on either side of the vertical bar serve to mark the opening and closing prices. • The opening price is marked by a small tick to the left of the bar; the closing price is shown by a similar tick to the right of the bar. 👉 Candlestick chart • A candlestick chart provide visual insight to current market psychology. • It displays the open, high, low, and closing prices (OHLC). • The rectangular section of the candles is called the real body, which is the range between the session’s open and close. • Bearish candle- When the close of the session is lower than the open. • Bullish candle- When the close of the session is higher than the open. • The thin lines on each side of the candle are called the wicks/shadows and they represent the session’s price extremes. 👉 Heikin Ashi chart • Heikin Ashi uses a modified formula of close-open-high-low (COHL). • Normal candlesticks keep changing colour depending on the OHLC even if the price is moving heavily in one direction. But the Heikin Ashi candles stay predominantly mono-coloured during trends. • Candles with no lower "shadows" indicate a strong uptrend. • Candles with no upper "shadows" indicate a strong downtrend. • Candles with a small body surrounded by upper and lower shadows indicate a trend change. 👉 Renko chart • A new brick is created when the price moves a specified price amount. The brick only forms on the chart once the price has moved the set amount. • A brick can be of any size (called the box size). Box size can be set manually or it can be calculated using the Average True Range (ATR). • There is a time axis on Renko charts, however, the time scale is flexible. This means that the bricks are not formed at an equal pace. • Renko charts typically only use closing prices and mitigate the noise to a higher extent, making trend identification easier. 👉 Kagi chart • When the price of the asset rises above the previous high price, a thick line is formed, signalling an increase in the demand. • When the price drops below the previous low, a thin line is formed to indicate an increased supply. • When there is a price reversal of a certain threshold amount, the chart starts to reverse the direction. • Swing highs are called shoulders and the swing lows are called waists. • Rising shoulders = Bullish. Falling waists = Bearish 👉 Point and Figure chart • A P&F chart is used to visualize price movements and trends without any dependence on time. • It makes use of columns made up of stacked Xs or Os, where each one stands for a specific amount of price change. • In general, X illustrates rising price, while O represents a falling price (Some people use the reverse too). • Point and Figures also emphasize on the closing prices only. Thanks for reading! Hope this was helpful! See you all next week. 🙂 – Team TradingView Feel free to check us out on Twitter , Instagram , and YouTube for more awesome content! 💘
NSE:LTFEducation
by TradingView
10
Elliott Wave PatternsTried to capture Elliott Wave Theory Patterns:- Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). 3 Cardinal Rules of the Elliott Wave Theory Rule Number #1: Wave 3 can NEVER be the shortest impulse wave Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1 Wave 2 will develop into a zigzag, flat, or combination. Wave 2 cannot be a triangle in its entirety Wave 4 will develop into a zigzag, flat, combination, or Triangle. On rare occasions, Wave 5 will not move beyond the pivot of wave 3. This is known as Truncation Ratios:- Ratios for Wave 2 Fibonacci Rule for Wave 2: Wave 2 is always related to Wave 1. Common Ratios for Wave 2: Wave 2 = either 50% of Wave 1 or 62% of Wave 1 Ratios for Wave 3 Wave 3 is related to Wave 1 by one of the following: Wave 3 = either 1.62 x length of Wave 1 or 2.62 x length of Wave 1 or 4.25 x length of Wave 1 The most common multiples are 1.62 and 2.62. However, if the 3rd Wave is an extended wave, then 2.62 and 4.25 ratios are more common. Ratios for Wave 4 Wave 4 is related to Wave 3 by one of the following: Wave 4 = either 24% of Wave 3 or 38% of Wave 3 or 50% of Wave 3 The 24% and 38% are the most common ratios for Wave 4 Ratios for Wave 5 Wave 5 has two different relationships. Both are shown below. If Wave 3 is greater than 1.62 or extended, then Wave 5 ratios are as follows: Wave 5 either = Wave 1 or = 1.62 x Wave 1 or = 2.62 x Wave 1 Wave 5 Extended if Wave 3 is less than 1.62 X Wave One 5 = .62 X Length of 0 to 3 5 = 1 X Length of 0 to 3 5 = 1.62 X Length of 0 to 3 If Wave 3 is less than 1.62, Wave 5 ratios are as follows: When Wave 3 is less than 1.62, the 5th Wave overextends itself. From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3. Extended Wave 5 = either 0.62 x length (beginning of Wave 1 to top of Wave 3) or = length of (beginning of Wave 1 to top of Wave 3) or = 1.62 x length of (beginning of Wave 1 to top of Wave 3) Regards, SG
NSEIX:NIFTY1!Education
by subhagghosh
29
Types of participants in the derivatives marketHey everyone! Last week we talked about the basics of derivatives and what all different derivative instruments are available in the markets. In this post, we will talk about the types of people who use derivatives and why they exist. There are broadly three types of participants in the derivatives market: → Hedgers → Traders (also called speculators) → Arbitrageurs. An individual may play different roles at different times. Hedgers → They employ derivatives to mitigate the risk they suffer from fluctuations in the pricing of the underlying assets. → Institutions such as investment banks, central banks, hedge funds, etc. all use derivatives to hedge or reduce their exposures to market variables such as currency exchange rates, interest rates, equity values, bond prices, and commodity prices. Speculators/Traders → The speculators are primary participants in the futures market. → They try to predict the future movements in prices of underlying assets and position themselves accordingly. → Speculators can be individual traders, proprietary trading firms, hedge funds, or market makers. Arbitrageurs → Arbitrage is a deal that produces profit by exploiting a price difference in a product in two different markets. → Arbitrage occurs when a trader executes a simultaneous purchase and sale of the same asset in different markets in order to gain from tiny price differences between them. → The arbitrage trade is often short lives because the arbitrageurs would rush in executing these transactions, thereby closing the price gap at different locations. Thanks for reading! Hope this was helpful. See you all next week. 🙂 – Team TradingView Feel free to check us out on Twitter , Instagram , and YouTube for more awesome content! 💘
NSE:ADANIPOWEREducation
by TradingView
1
One chart, different trading systems!Hi all, hope you guys are doing well. We retailers spend a lot of time in searching for that "holy grail" in trading. The majority of the time our search is centered around different strategies. However, in my opinion, "Strategy is overvalued whereas risk management is undervalued" . A chart can be analyzed in different ways by different traders. A trader using patterns will analyze the same chart with a different perspective as opposed to a trader using pure support-resistance levels or a trader using indicators such as moving averages. The aim of this post is just to make you understand that you shouldn't run after different systems. Rather, focus on managing the risk. Exhibit 1: The Cup and Handle system Exhibit 2: The Support-Resistance system Exhibit 3: The Triangle pattern system Exhibit 3: The Moving averages system Thanks for reading. I hope you found this helpful! 😊 Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:SOLARINDSEducation
by johntradingwick
32
Nifty calculations & projectionsWhat I have tried to explain is Nifty complete cycle structure: cycle (1): wave 1, has been completed @1380 (sept 94) wave 2, has been retraced to@ 810 (nov. 98) Now against there is a good impulse ended 1816 (Feb 00) but next wave retraced below the origin of wave 1 (this could be sub cycle) sub cycle wave 2 got completed 847 (oct 01) link: Now sub cycle wave 1, 2 already completed, now its turn for wave 3 which eventually got stretched & completed @6300 (dec 07), wave 3 got corrected in form of wave 4 got completed above sub wave 1 region @ 2260 (oct 08) Wave 5 against got completed as a extended wave and got completed @ 12300 (jan 20) sub wave marking for wave 5 also mentioned in below chart Now on the completion of sub wave cycle entire structure got corrected in form of 2020 crash 7500 (Mar 20) and from 2020 nifty is in its final leg of cycle wave 5.. still uncompleted. Here also sub sub cycle wave 3 & sub cycle wave 3 is in extended mode as marked in chart Here, wave numbering can be done in multiple ways, however, I have chosen one as per my understanding. Here, wave 3(5) got completed @ 18600 (oct. 21) & corrective 4 completed as a complex correction as mentioned in chart 15100 (Jun 22) It's look like we are on the final leg for wave 5 (5) for nifty, where, no one can say either wave 3(5 of 5) completed or not. Until nifty is trading above mid line of wave 3 channel we don't recommend to shot it. chart shared I have covered the detailed post on channels, any one interested can check it out in my old TW post..
NSE:NIFTY
by ShubhamKatiyar
16
Happy Independence Day 2022Happy Independence Day! (For all the Flag patriots, know that these flag-drawings are just symbolism. These are not Indian National Flags, since they dont hv Ashok Chakra! nor official correct dimensions.) Weekly / hourly Flag patterns ! Pick your Winners! Axis(w)--> Nelco (w)--> Sbi (w)--> Bajaj Electrical (4h)--> Airtel (w)--> Jindal Stainless(1h)--> ARVIND FASHION (w)--> Jubil food->(4h) cnx_pse (w)-> HDFCBANK (w)--> EnginnersIN (4h)--> Deepak Nitrate(w)--> Polycab (w)--> Canara bk (1H)--> Godrej Consumer(2H)--> Titan(15)--> Kotak bk(1H)--> RBL bk (1H)--> M&M FIN (15)--> infy (15)--> Adani Power (15) --> HDFC bk (15)-->
NSE:INDIANB
by Einstein15
26
ABC Pattern- Optimal Entry TechniquesHi, This idea is about the very promising ABC pattern and the most optimal ways to enter into this pattern. ✅ABC Pattern This is considered as a continuation pattern. There has to be a strong trend up/down in the background. Wave A: Minor correction against larger trend, usually not more than 5-10% Wave B: Another attempt to push the price higher but could not break the previous highs Wave C: breaks the low A but has less momentum than wave A. Weak stops are taken below A I am presenting four techniques of entering into this pattern, in the anticipation of a continuation of the prevailing trend. The techniques used, however, depend upon the traders' appetite and temperament. Let's start.. ✅Minimum Risk Entry >The entry point is near the low C >C should have less momentum than A >Price barely breaks the low A >There are wicks at the low of Candles at C >Stop is placed under the low of C, so less risk more reward potential ✅Confirmed Entry >Entry is at the break of swing high B >The price makes a higher-high so structural change is confirmed >The break often comes with good volumes & strong closing candles >SL under C is wider than 1 in this case >This technique is used when, in wave C, there are few weak candle closings below A ✅Trendline Entry >Entry is at the break of TL >The break often comes with good volumes & strong closing candles >SL is wider than 1 but lesser than 2. So less riskier >This technique is used when, in wave C, there are few weak candle closings below A ✅ABC-W Entry >A unique entry technique >The price breaks deeply below B and then retests at W >At this point it seems that price will continue down but >The price could not hold down and again breaks out of W, giving us a breakdown failure entry >You would see a usually sharper continuations as many traders, who entered short positions, would start exiting in a hurry Stop loss in all the cases is placed under the low of wave C and trailed as per traders' time horizon. These are relatively small corrective patterns so you can expect sharp continuations and take targets measured equal to the strong impulsive move in the background. I hope it was useful. Thanks for reading. @Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
36