Learning
Learning about Exponential Moving AverageEMA full form is *Exponential moving average*. you can google this for detailed explaination and formula.
I use 30 week EMA for my stoploss that means, the length chosen is last 30 week on weekly timeframe.
if you are using daily timeframe you can use 150 Day EMA (as 5 working days for week * 3o weeks).
NOTE- The length choosen is not an fix and not compulsory for use. i use this length from trader whom i follow. Try and backtest different lengths (EX. on weekly-12,30,40 and on daily-21,50,150,200) use which suits your style and pace
TO SET EMA ON YOUR CHART- choose Timeframe as W (week)
1. Go to indicator and strategies on top of chart
2. search Exponential moving average select first inbuilt option
3. Set length as 30 click OK.
Now you are ready to use.
✨TERM OF THE DAY✨ = MARKET MOVER (VIEW SHARED AS READ)A MARKET MOVER IS AN INDIVIDUAL
OR A FIRM
READY TO BUY OR SELL A PARTICULAR SECURITY
THROUGHOUT THE TRADING SESSIONS,
PROVIDING BIDS AND ASKS ALONG WITH THE MARKET SIZE OF EACH.
MANY MARKET MAKERS ARE OFTEN
BROKERAGE HOUSES THAT PROVIDE
TRADING SERVICES FOR INVESTORS
IN AN EFFORT TO KEEP FINANCIAL MARKETS LIQUID.
MARKET MOVERS ARE PROFITING ON THE BID-ASK SPREAD,
WHICH IS THE AMOUNT BY WHICH
THE ASK PRICE EXCEEDS
THE BID PRICE OF A MARKET ASSET.
CENTURYTEX Bullish Breakout above horizontal resistance (top one) with good volumes after long contraction in price range and volumes.
Support on 200ema identified.
HDFC BANK - SHORT - INTRADAY (JULY 15 2020)NSE:HDFCBANK
(FOR LEARNING PURPOSE ONLY)
Price crossed previous HL to form a correction wave
Price Might reach 1015 (next support)
USDCAD short 1.35030USDCAD is run at boundary condition and this renge is very strong. if price break the level 1.35030 then stock go down other wish the is back and go up.
Best pattern and candlestick formation Kindly notice how the candlesticks are following Fibonacci Pattern and also forming Head & Shoulder pattern
Keep Learning #Like&follow
long on reliance buy with SL of hourly close above 1458-60Reliance is taking support from bottom trendline take position if hourly candle close above 1470-71 with SL of hourly candle close below 1458-60
Nifty long double bottom and symmetric triangleNifty Symmetric triangle forming. double bottom at yesterday's low. chance of re-bounce from here.
TCS Intraday - 30 AprBuy above 1904
Target - 1912 , 1923 , 1930,1940
Sell below 1891
Target - 1883 , 1872 , 1861, 1850
NIFTY Weekly ViewBelow is my view for NIFTY for coming week
1. April 14 : Trading Holiday
2. April 13 : Lock down extension news
3. There could be some news on stimulus package, but I think it is not going to be enough to create sudden jump on the upside.
4. But with current momentum NIFTY could well go up first 9400 - 9600.
5. Hence intraday positions should be on the long side.
6. No reversal trades without change confirmation.
Since 10000 - 10100 zone is not broken and sustained, I still keep my view as this bounce is going to fail. I cannot know when.
1. This means no long position is carried overnight.
2. NO naked PUT selling overnight.
3. Profits to be booked aggressively even if it may feel that its just missing the large uptrend.
Trade Log NIFTY Trapped ShortsTrading trapped shorts
Learning
1. After decent uptrend, the first lower low is not actually shorting opportunity.
2. Second short could have been avoided if waiting for trend line break is confirmed on shorter time frames.
HERO SHORT SIDEINVERTED CUP AND HANDLE pattern is seen in weekly. may able to see more down. last hope for bull is 2364. or may see 1900 in 2020.
STAR @ Support zone good support zone 400. if sustains may reach 424, 450 in coming days. if goes below may see 380 & 364, enter above 404 with SL- 390.
BANKNIFTY , Most Powerful Tradeline , Double resistancelately i also notice strong weekly trade line now, banknifty have to cross 2 major resistance
