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Harmonic Patterns

Silver buy given from 31.55 full book huge profit Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAGUSDLong
by JaiPrakashShuklaHarmonicTrader
Gold buy given from 76000, 77780 Target hit book profit go nutrlDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!Long
by JaiPrakashShuklaHarmonicTrader
Gold 2715 Target hit book profit on but trade avoid carry farwadDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
WHY DO TRADERS FAIL?Why Most Traders Fail: Common Psychological Traps Many beginner traders enter the market with a lot of enthusiasm but often leave disheartened after experiencing losses. One of the main reasons for this is not a lack of technical skills or strategy, but rather the inability to manage the psychological aspects of trading. Let’s dive into some of the most common psychological traps and how you can avoid them to become a more successful trader. 1. Fear of Missing Out (FOMO): FOMO is a powerful emotion in trading. It happens when you see a stock or asset rapidly rising, and you feel the urge to jump in late just because everyone else is. This often leads to entering trades at poor levels, where the risk of reversal is high. Why It’s Dangerous: You end up making emotional decisions, ignoring your strategy. How to Avoid It: Stick to your plan and predefined entry/exit points. Remind yourself that opportunities in the market are endless; chasing a missed trade could lead to a bad decision. 2. Revenge Trading: This occurs after a loss, where you try to win back the money immediately by placing irrational trades. Instead of accepting a loss, traders emotionally double down, hoping to recover quickly, often resulting in even bigger losses. Why It’s Dangerous: Trading becomes emotional rather than strategic, leading to a cycle of poor decisions. How to Avoid It: Accept that losses are a part of the game. Take a break after a significant loss to clear your mind, and only return when you can trade objectively again. 3. Overconfidence After a Win: After a string of successful trades, traders may feel invincible and start to ignore their risk management rules. They increase their position size without realizing that the market can turn at any moment. Why It’s Dangerous: Overconfidence leads to taking on more risk than you can afford, which can wipe out profits or even lead to significant losses. How to Avoid It: Stick to your trading plan regardless of recent success. Don’t increase position sizes without a valid reason and proper risk management in place. 4. Greed – Holding On for Too Long: Sometimes, traders hold on to winning trades far too long, hoping for even bigger profits. Instead of taking profits at their target, they let greed take over and end up losing a significant portion of their gains when the market reverses. Why It’s Dangerous: Greed blinds traders to the signals that it's time to exit. How to Avoid It: Set clear profit targets and stick to them. Use trailing stop-losses to lock in profits while allowing for potential additional gains. 5. Not Accepting Losses – Holding on to Losing Trades: Many traders struggle with cutting their losses because it feels like admitting defeat. They hold on to losing trades for far too long, hoping the market will turn in their favor, which often results in deeper losses. Why It’s Dangerous: Holding onto losing trades can drain your capital and emotional reserves. How to Avoid It: Have a strict stop-loss in place for every trade. Accept that small losses are part of trading and necessary for long-term success. Conclusion: In trading, your mindset and emotions can be as critical as your technical analysis or strategy. By recognizing these common psychological traps—FOMO, revenge trading, overconfidence, greed, and refusing to accept losses—you can manage your emotions better and make more objective trading decisions. Always remember: successful trading is not just about big wins; it’s about consistency, discipline, and emotional control. What psychological traps have you experienced in your trading journey? Share your experiences in the comments below and let’s learn together!
NSE:NIFTYEducation
by keshevdugar
2
DOUBLE TOP EUR/AUDThe double top is a classic bearish reversal pattern. Picture it like this: the price peaks, falls back, peaks again at about the same level, and then declines. This pattern signals that the upward trend is likely over and a downtrend might be on the way. Key aspects to look for: Two Peaks: Price hits a high, drops, and then hits a similar high. Support Level: The low point between the peaks forms a support level. A break below this level confirms the pattern. Volume: Higher volume on the second peak and a decline confirms the bearish sentiment.
Short
by Faizgazi
BEAR FLAG NIFTY The bear flag pattern is a bearish continuation pattern that signals the potential continuation of a downtrend1 . Here's how it works: Flagpole: The pattern starts with a sharp decline in price, forming the flagpole1 . Flag: After the decline, the price enters a consolidation phase, moving sideways in a flag-like shape1 . Breakdown: If the price breaks below the lower boundary of the flag, it confirms the pattern and suggests that the downtrend will likely continue
NSE:NIFTYShort
by Faizgazi
TRENT DOUBLE TOP (1HR)You DOUBLE TOP Copilot The double top pattern is a bearish reversal pattern that appears on a chart when the price reaches a high point twice with a moderate decline between the two highs. It looks like the letter "M" and signals that the asset might be losing its upward momentum. Here's how to identify and interpret a double top pattern: Two High Points: The price reaches a high level, pulls back, and then rises again to the same high level. Support Level: The low point between the two highs forms a support level. If the price falls below this support level, it confirms the double top pattern. Volume: Look for higher trading volume on the second high and a decrease in volume on the decline, which confirms the pattern.
NSE:TRENTShort
by Faizgazi
NIFTY Intraday Trade Setup For 18 Oct 2024NIFTY Intraday Trade Setup For 18 Oct 2024 Sell_1- From 24910 Invalid-Above 24960 T- 24750 Sell_2- Below 24690 Invalid-Above 24740 T- 24470 NIFTY has closed on a bearish note with 0.89% cut today. It has approached hourly support zone near 24700 zone. Post bounce from hourly support index can dive below 24690. Index is probably heading towards 23700 zone in the coming days. 25250 is hourly resistance and a reversal level too. Coming to Friday's trade setup, if index opens flat and 24910 is tested then one can short from the same. T- 24750 In case of flat opening one can short below 24690 on 15 Min candle close. T- 24470. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Banknifty will fall to 50550 then take support sell on riseDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:BANKNIFTYShort
by JaiPrakashShuklaHarmonicTrader
Infosys results bad support and resistance levels on chartDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:INFYShort
by JaiPrakashShuklaHarmonicTrader
Nifty 24765 Target hit next 24450, 24135 ,23840 trail sl 25050Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:NIFTYShort
by JaiPrakashShuklaHarmonicTrader
NG sell given at 229 ,198 Target hit 189-188 final Target Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:NATURALGAS1!Short
by JaiPrakashShuklaHarmonicTrader