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Niftylong

BLUE TARGET ACHIEVED NOW WHAT NEXT IN NIFTY SEE YOURSELF ?Hi Traders, 1. On 10th July 2020, I mentioned in my blog of nifty in point no. 1, of a trading plan, is quoting as proof of what you saw in two days has already manifested two days back in form of support, resistance, zone, and conditions for trades. " the price was expected to come down to the red-green zone the red line is replaced with a blue dotted line. To better understand I set the previous fig below. Now it is less probability to move the price to the green line. If the price takes out a white red zone in a 15 and 1-hour time frame then it can move to a lower blue dotted line. If this condition is not satisfied then the price will resume its uptrend." . Can you pay attention to the wordings of my July 10 statement how clearly I said less probability to visit green line and gave a clear target of the blue dotted line? How many analysts provide such clear manifestation on a regular basis. Please take out one published idea in 190+ posts where My given lines did not behave magically. All targets are achieved. In their calls, check yourself the strike rates of their calls and my calls. Here What I posses need not glorify, just to motivate you all for devoting your time and hard work to learn this art is my motive. I have seen many followers who took two months three months to follow me because they wanted to check my strike rate. Ultimately they came and followed me. This is the depth of manifestation of moves. There are many traders who write their good & bad trades in the comment box of every post. Where the ratio of good is more than bad. So invest your time in education that will make money in the future. 2. Setting the previous posts to make you understand the complete move in comparison with the current. Trading Plan For Next Session. 1. One yellow line is made if this is taken out in 15 mins then the price will move to the white-green zone. Otherwise down move will continue to blue dotted line downside. 2. In any case, price takes out white and green zone upside in both time frames then the pink line is the target. If the pink line is taken out in both time frames 15 and 1 hour then the upper blue dotted line is the target. 3. If the blue dotted down line is not taken out in both time frames then the price will remain range-bound from this line to the pink line. 4. If price takes out the lower green line then both time frames then I will be bearish on nifty. Right now neutral. For new readers, it is important to understand taken out conditions properly because that is the base of analysis. Writing the same for you. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. 5. Old followers if you still feel the condition is not clear in your mind, please see the 8th July post of nifty where explained in detail when price becomes range-bound. It is easy to implement when the price is trending but in rangebound really difficult that needs practice. attaching the same post. The rest price will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:NIFTY
by yvatsji
51
IS NIFTY READY TO MOVE UP SEE HOW ?Hi Traders, 1. Let us compare my previous post statements with real price moves in two days. In point no. 1 of the trade plan I mentioned is quoting for your consideration."If taken out in 15 min time frame then the price will move to the red dotted line . in case this line is taken out in 15 min then the blue upper line is the target. Green arrow showing this condition from the green upper line." you can see price after two days broke green resistance and in 15 min time frame, the condition gets fulfilled. Aggressive traders can take positions but timing their trades on a lower time frame of 5 min with stop-loss. I many times wrote in my conditions that they are made up of two-time frames. 1h and 15 min. when I talk about taken out then by default, I am talking of two frames, not one. In today's case how one has to deal with it. Showing 15 min time frame to understand how one should take an aggressive trade after fulfilling 15 min condition. 2. See in fig green line is taken out by bullish white candle closed above green is the first requirement to be watched circled in green. closing is always watched for breaching line. second, see next candle did not close above-breached candle so wait for next that candle gave close above breached satisfied the condition. Now go in 5 min time frame to find buy set up with the stop loss of breached candle low on closing basis. This is how one should take the position on both time frames. The same condition applies for 1 hr also. Pink color line in 15 min chart is the sl for long trades on closing basis. Many traders are confused about taken out now I want you to help others replying in the comment box when any new traders ask about taken out in a practical way. Trade plan for the next day. 1. See fig I made a triangle of red color showing the candle qualifies of taken out condition. The previous candle breached the green line but not closed above it so does not qualify. when triangle candle high is taken out by any candle in the next session on a closing basis then taken out condition will qualify. the stop loss will be low of red color triangle candle on a closing basis. some times price moves very fast crossing the low of the breached candle then covers your position immediately rather than to wait on a closing basis. There is no hard and fast rule in trading sometimes one has to see price action at this stage. Because the time frame is 1 hr so if you wait for one hr then the price can go very deep. 2. If in any case price takes the pink color lower line in 5 min time frame then the trend will change to the downside. look for a sell setup. Do not jump into the trade. 3. Upside red dotted line is a target if takes out in 15 min time frame then the blue line is the target. The rest market will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:NIFTY
by yvatsji
29
NIFTY IS RANGE BOUND WHICH SIDE ARE CHANCES TO BREAK OUT SEE ?Hi traders, 1. Let's compare my previous statements on 25th June 2020, with today's real move. I mentioned in point no. 1 of trade plan is quoting for your consideration "If price takes out red support line with white trend line in 30 min time frame then short can be initiated with the target of green-blue lower end of this zone. Tomorrow can be trending down day if next condition in point no. 2 gets failed .'" You can see white trendline was taken out but red support was not. This how is how conditions are manifested with the formations os structures keeping in mind with choosing perfect support and resistance. Sice price could not take out red support. so obviously it has to move up. Same happened. To make you better understand the statement with real move I set the previous post fig. You should compare both figs with the highlighted statement. 2. Trading is simple and full of logic else you know the unique language. People make it complex by adding indicators and many more automatic setups still can not earn consistently. Because they themselves do not believe in hard work and not ready to burn night oil. But they want money from market. How ridiculous approach for the market. I try my level best to make trading easy for new traders and struggling traders who can not earn profit consistently. If you follow my charts with conditions and read the books I recommended with lots of hrs practice, You can stand in this market your own. Previous losses can be recovered. Just put your sincere efforts. I suggest every trader to share good and bad trades. Why so that I can correct their flaws in trading and others can learn reading questions and replies to correct their trading style. Hard work is yours and the results will be yours. Trading Plan for Next Session. 1. I made three green circles to show you the red color support reacting so perfectly that it helps to understand the price movements correctly. trading in upside will be easy. For this side, the condition is of the upper green line. If taken out in 15 min time frame then the price will move to the red dotted line . in case this line is taken out in 15 min then blue upper line is the target. Green arrow showing this condition from the green upper line. 2. Those who are new and not aware of taken out condition please follow below para:- Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. 3. Downside condition will implement when price takes out blue support line on 15 min chart and then 1 hr. Then downtrend will resume. Red arrow showing from where the condition has to be applied. The rest market will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:NIFTY
by yvatsji
13