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How to plan and manage trades?These are the factors that I personally take into consideration before placing a trade. These are personal views and every trader trades differently and considers different factors while planning their trades. Always follow proper money management and trade with discipline. It is important to have a clear head while trading to avoid making mistakes that you will later regret (speaking from personal experience). Hope you found this helpful :) Enjoy the process.
NSE:BANKNIFTY1!Education
by ArcherDAVIS
2
IRCTC, in tight zone, use AVWAP to get BUY/SELL signalAnchored volume weighted average price or simply AVWAP is a previous meaningful benchmark price on a chart chosen by traders that quantifies the average price a market has traded at through a time period, based on both volume and price. This metric is important because it provides traders with a visual into the nature of the trend and the average technical value of a stock from a defined starting point. An anchored VWAP can thus be used to represent the ‘pain/pleasure’ limit of an average purchased share since that event, top or bottom. Anchored VWAPs turn out to be very good resistance and support lines. A confluence zone on AVWAP from top and bottom shows value area, where both buyers and sellers are in equilibrium. IRCTC is has taken multiple resistance from AVWAP from top, but it has not resulted in selling pressure and it not trading in tight range of ~3% between both AVWAP (ie 1410-1366). When price goes above top AVWAP (red line), one can go LONG with trailing SL based on AVWAP from bottom (green line). Similarly as SELL would be generated when price goes above below bottom AVWAP (green line), trailing SL based on AVWAP from top (red line).
NSE:IRCTCEducation
by nitinshm
💡Ascending Triangle in ZECUSD - "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern . If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance. But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows . TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
POLONIEX:ZECUSDEducation
by ForecastCity_ME
4
💡Ascending Triangle in USDTRY - "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An u ptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern. If price can break through the resistance level , that level will now act as a support level . Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows. TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
8
💡Ascending Triangle in GBPNZD- "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern . If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows . TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
4
ADANIPORTS ANALYSIS200 DMA is a great simple strategy which provides good RR trades such as this one. The idea here is simple. Markets tend to be range bound 80% of the time, which is called the contraction phase. The other 20% of the time the market is breaking out, called the expansion phase. To win the game, it is important to understand the probabilities and play the probabilities. For the price to breakout above key resistance levels and breakdown below key support levels, there has to be a catalyst that enables this to happen. The catalyst can be macro-economic news, good/poor earning reports, breakout of war, elections etc. Such news comes about often but is still rather rare. Range bound trades enable a higher probability of success and lower risk as the stop loss that one can place is closer to the price. A breakout trade on the other hand will have a stop loss on the other extreme of the range, increasing the risk significantly. Hammer pattern which has been formed on this chart is a good indication of a a fresh bearish move starting. It shows that the higher prices have been rejected yet again. DM me if you have any questions and LIKE if you found this helpful! :)
NSE:ADANIPORTSEducation
by ArcherDAVIS
Ascending Triangle in USDCAD - "Learn More Earn More" With USUSDCAD is coiling for its next move. The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area. Keep an eye on 1.33720 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
12