TradingView Masterclass: How To Use The Top ToolbarIn this guide, you’ll learn about all the different tools that are available to you on the chart. Specifically, we’ll be looking at the toolbars that are located at the top, bottom, left and right of the chart:
To summarize the chart above, the breakdown looks like this:
■ Top toolbar: Chart tools
■ Left-side toolbar: Drawing tools
■ Right-side toolbar: Community tools
■ Bottom toolbar: Advanced tools
Now, let’s dive into each one starting with the top toolbar where you’ll find many of the most important chart tools for all your research needs. Keep in mind that we’ve ordered each item below as if we are moving from the furthest point at the top left to the furthest point to the top right. Let’s begin!
⦿ Symbol Search (Keyboard shortcut: type the ticker)
- Open the symbol search at the top left-hand corner to access over 100,000 global assets across equities, forex, crypto, futures, and more.
- You can find them by their ticker (e.g., type RELIANCE for Reliance Industries) or by their description names (e.g., type the name Central to find CENTRALBK stock).
It’s also possible to find your favorite symbols with partial searches, that is, to write part of the ticker or description name and then select the corresponding asset in the search results. If you want to filter by asset type, you can select one of the following: Stocks, Funds, Futures, Forex, Crypto, Indices, Bonds and Economy (economic indicators).
⦿ Time Intervals (Keyboard shortcut: press ,)
- Select the time interval for the chart. For instance, say you’re looking at a candlestick chart and you choose a daily chart. That means each trading day will be represented by 1 candle.
- The most common time intervals are: 1m, 5m, 30m (intraday setups) 1h, 4h (swing trading setups) and 1D, 1W and 1M (long-term trading setups).
- Traders can create custom intervals as well by clicking on the Time Interval arrow and then selecting the specific parameters needed. Don’t forget to add it to your favorites if you want it to be featured in the Quick Access toolbar.
⦿ Chart types
- We have more than 15 chart types available to analyze all price movements, including the new HLC area, Line with markers and Step line.
- Most traders prefer to use Bars, Candles and Area charts, but everyone has a different approach to markets. Be sure to find the chart type that fits your style.
⦿ Indicators, Strategies, and Metrics (Keyboard shortcut: press /)
- Indicators, Strategies, and Metrics are designed to provide additional insight and information that may otherwise be difficult to see.
- We have over 200 technical and financial indicators while also supporting over 100,000 custom scripts coded by our community. The best way to get started here is to start exploring the Indicators, Strategies, and Metrics menu as soon as possible.
⦿ Indicator Templates
Here, you can save your custom indicator setups so that you can load them at any point in time. This tool is essential if you utilize different forms of analysis. For example, if you chart technicals and fundamentals, you can make two separate templates that can be loaded at any point depending on your need.
⦿ Alert (Keyboard shortcut: Alt + A)
Alerts are used to create custom price alerts. Instead of watching markets 24/7, go ahead and create an alert at a precise level and then wait for that alert to trigger. Let our alerts do the heavy lifting. They’re always watching markets for you.
It is also possible to configure them different notifications so that you can be alerted through email, our free app or with a webhook.
⦿ Bar Replay
Bar Replay is a powerful, yet simple tool for backtesting. All experience levels can use Bar Replay for backtesting, practicing or learning about price history. To get started, click the Bar Replay button and then select a historical moment to rewind the chart backward to that point in time. Then, you can press play or pause, and retrade that moment to see how your strategy performs.
⦿ Undo/Redo Scroll (Keyboard shortcut: Ctrl + Z / Ctrl + Y)
Any changes made to the charts such as drawings or indicators can be deleted or recreated. This works just like a Word document you might create on Microsoft or Google. Use the keyboard shortcuts to quickly undo or redo specific actions.
⦿ Multi-chart Layout
If you have an Essential, Plus, Premium, or Ultimate plan, you can analyze multiple charts on your screen at the same time. Simply choose one of the available layouts from the menu to get started. You can also synchronize symbols, intervals, crosshairs, time and data ranges with the selected layout.
⦿ Manage Layouts
Create, rename and load all the layouts that you save. You can also share your layout and enable the autosave option, which is very handy so that all of your work is saved automatically. Managing your layouts is an essential part of your analytical process because it enables multiple different chart layouts to be accessed as quickly and easily as possible.
⦿ Quick Search
Need to find a function or tool on your chart? Open and use Quick Search to do that. The name of the tool is just as it can be used: quickly search for the things you need to edit, add or remove on your chart, and do it in a flash.
⦿ Chart Settings
This is where you can customize all of the fine details about your chart. The Chart Settings menu has everything from the chart color, to the gridlines and labels, the text of the scales, and more.
⦿ Fullscreen Mode (Shift + F)
When this is enabled, you will see only the chart. To exit Full screen mode, click ‘Esc’.
⦿ Snapshot and Publish
Here you can download your charts as images, copy links, share tweets, publish ideas, create live streaming video content, and comment on assets with our latest feature Minds. If you want to share your expert analysis or get feedback from others, you’ll surely want to learn how these social tools work. Go ahead and give it a try - join our community of traders.
Thanks for reading and we hope this post helps all traders and investors. Whether you’re an experienced professional or someone just getting started, we plan to create more guides like this to ensure you know how to maximize the features on our platform.
Next week, we’ll share part two of this series, and cover the drawing tools menu on the left-side of the chart.
- Team TradingView
Be sure to follow us on Instagram , YouTube , and Telegram for more valuable content! 💘
Community ideas
Concept of Pair Trading What is a Pair Trading ?
- Pair Trading is a market-neutral trading strategy that involves the simultaneous buying and selling of two correlated or related financial instruments.
- Traders identify two assets that historically move in tandem and take positions based on the expectation that the spread between the assets will converge or diverge.
- The strategy aims to profit from the relative performance between the two assets, regardless of the overall market direction.
How Pair Trading is done ?
- Lets take two hypothetical stocks, Company A and Company B.
- Let's say in the past Company A and Company B have shown a strong correlation in their price movements.
- However due to some market conditions there is an imbalance in their prices.
- If earlier the ratio of the prices of Company A to Company B is around 1:1, but due to some market conditions it shifts to 2:1.
- A trader may recognise the abnormal ratio of 2:1 compared to the usual 1:1.
- Trader may Sell short Company A while simultaneously buying Company B.
- and wait for the prices of the two stocks to converge back to their usual ratio of 1:1.
- When prices revert to their typical ratio of 1:1, the trader can close their positions by buying back Company A and by selling Company B.
- The goal is to profit from the convergence or divergence of the two assets rather than relying on the overall market direction.
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Pair trading can be done in various types of securities:-
1. Stocks : Pairs of individual stocks within the same sector or industry that typically exhibit a high correlation.
2. ETFs : ETF pairs that track similar indices, sectors, or commodities.
3. Options : Pair trading using options on related securities, employing strategies such as a put-call parity or a ratio spread.
4. Futures : Futures contracts on correlated assets like commodities, indices, or currencies.
5. Bonds : Pairs of bonds with similar maturities or credit ratings.
Note:- Stocks suitable for pair trading typically exhibit a strong historical correlation, often found within the same sector or industry.
For eg. Coca-Cola and Pepsi, Apple and Microsoft, General Motors and Ford.
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Pair Trading requires a deep understanding of statistical analysis, risk management, and market dynamics to identify suitable pairs and execute trades effectively.
It's crucial to continuously adjust the position/strategies as per changing market conditions to succeed in pair trading.
Lets understand the step by step process of how Pair Trading is done:-
1. Pair Selection:
Identify two correlated securities by thorough research and statistical analysis to find assets that historically move in tandem.
2. Statistical Analysis:
Perform statistical analysis to establish the relationship between these pair of assets.
Determine the mean, standard deviation and historical correlation to understand their typical behavior.
3. Deviation Identification:
Wait for a deviation from the established relationship due to some market conditions or other factors, which may lead to an imbalance in their price.
4. Entry Signal:
Utilise technical indicators (RSI etc) or statistical data to identify entry points when the deviation is significant enough to suggest a pair trading entry.
5. Position Sizing and Execution:
Take positions by buying the undervalued asset and selling short the overvalued asset.
Determine the appropriate size of each position based on factors like volatility, historical relationship, and risk tolerance.
6. Monitoring and Reversion:
Monitor the positions closely, expecting the prices of the paired assets to revert or converge back to their historical relationship.
Plan exit points for potential profits or to limit losses.
7. Risk Management:
Implement risk management strategies by setting stop-loss orders, diversifying positions, and adapting the position size based on market conditions.
8. Exit Strategy:
Exit the trade by booking profit when the prices revert to their typical relationship, achieving the expected convergence.
If the trade moves against expectations, consider reassessing the positions and exiting to limit losses.
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Advantages and Disadvantages of Pair Trading:-
Advantages of Pair Trading:-
1. Market-Neutral Strategy: It aims to profit from the relative performance between two assets, irrespective of the overall market direction.
2. Diversification: It provides a way to diversify risk by trading two correlated assets simultaneously (hedge).
3. Reduced Market Risk: Since it's based on relative performance, pair trading can reduce market risks that affect both assets in the same way.
4. Opportunity in Market Inefficiencies: It capitalises on temporary mispricings or deviations from the historical relationship between assets.
Disadvantages of Pair Trading:-
1. Correlation Risk: Unexpected changes in the historical correlation between the paired assets can result in losses.
2. Entry Challenges: Timing the entries and exits for both positions simultaneously can be challenging.
3. Unforeseen Events: Sudden events impacting one asset more than the other can disrupt the expected convergence or divergence.
4. Leverage and Margin Risks: Leveraging positions can magnify losses if the trade moves against expectations.
5. Commissions and Costs: The need for frequent trading due to short-term price movements can lead to higher transaction costs.
Note:
Pair trading requires a strong understanding of statistical analysis, risk management, and a consistent approach to identify and capitalise on mispricing between the selected assets.
Traders need to remain vigilant and adaptable to changing market conditions to effectively employ this strategy.
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An example of achieving market neutrality:-
Stock A and Stock B are generally at 100 each (as per historical data), (ratio 1:1).
But now due to some market conditions Stock A is 100 per share & Stock B is 200 per share (ratio 1:2).
Pairs trade: Buy 200 shares of Stock A for 20,000 & Sell 100 shares of Stock B for 20,000 (Net Buy/Sell = 0).
This is a true market-neutral position.
case 1 is if both stocks rise 50 percent: Stock A will be 150 per share & Stock B will be 300 per share (Net Profit/Loss = 0).
case 2 is if both stocks fall 50 percent: Stock A will be 50 per share & Stock B will be 100 per share (Net Profit/Loss = 0).
case 3 is if stocks A fall 50 percent & Stock B rise 50 percent: Stock A will be 50 per share & Stock B will be 300 per share (Trading Pair in Loss - need Adjustment or Exit to minimise Losses).
case 4 (as per our expectation) is if stocks A rise 50 percent & Stock B fall 50 percent: Stock A will be 150 per share & Stock B will be 100 per share (Trading Pair in Profit - Book Profit).
So out of 4 Case/Conditions only one case (Case 3) need adjustment.
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ABOVE SHARED EXPLANATION OF PAIR TRADING IS FOR EDUCATIONAL PURPOSE ONLY. YOU MAY BUILD YOUR OWN STRATEGY & PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE.
Hope this helps :-)
Tc Happy Trading.
The Ultimate Beginners Guide to Day TradingHello everyone My name is d3ffyduck
I am today gonna post some cool and new tips For the beginners in Daytrading.
I am gonna divide things in Chapters so you'll learn it with ease
Read it till the end Hope You learn something
Chapter-1 Timeframe selection
The choice of the best timeframe for chart analysis in day trading can vary depending on a trader's strategy, preferences, and the market being traded. Different timeframes offer varying levels of detail and may suit different trading styles.For Example
1-Minute Chart: This timeframe provides very detailed information, showing price movements within one-minute intervals. I prefer Using it for precise entry and exit points In day trading
5-Minute Chart: Slightly less detailed than the 1-minute chart, the 5-minute chart still offers relatively short-term insights into price movements. I use to determine my momentum for the trade i want to hold for like 1-2hrs only
15-Minute Chart: This timeframe offers a broader view of the market compared to shorter intervals. I prefer it to determine my next day momentum of the market
Chapter-2 Support and resistance Using RSI
I know you all knows the basics for support and resistance but today i will show you the best way. Just open your chart and use RSI Indicator and we are going to mark the overbought areas high candle and oversold area lowest candle using it for different time frames.
Just a note from my side do not mark those areas again if there have already a support or resistance line in different time frame and also you can remove those level of S&R which did not hold well in different time frames
1-day time frame=I have marked the regions where the RSI turned in the overbought or oversold areas. As you can see, I have not marked the support and resistance levels since they were already established from previous market overbought and oversold.
4-hour Time frame=In this timeframe, we will only identify the levels that are above 70 and below 30 in the RSI. We'll skip the R&S that are already marked on the daily timeframe. To reiterate, please refrain from marking those levels again if we can observe that our resistance and support levels have already been established on the daily chart.
1-Hour Time Frame = I've set my preferred timeframe to a maximum of 4 to 5 months. I don't want to go below this timeframe as it will create more noise. Additionally, I'll remove the support and resistance levels that didn't react well for buyers and sellers at this point to make the chart look cleaner
Chapter-3 Determining the Trend
Here in this chapter we are going to use only 2 Things to keep everything simple:-
SMA+EMA 200= We are going to use simple indicator or just create yourself one indicator which plots both sma and ema with same 200 timeperiod.
Rules are simple
if below both ma look for short
if above both ma look for long
You can use it for 1hr and 15 min for day trading purpose
Trendlines- Trendlines are your best friend.They are the building block for your Chart pattern look for trendlines in 15 min tf for day trading purpose
Chapter-4 Significance of market opening closing,high,low
This is one of the important chapter for day traders and i am going to tell you how an opening closing high and low effect the whole day trade.
For Example
1-Open your Chart
2-Mark the opening ,closing highs and lows for previous 3-4 days
3-Those area are going to be area of interest
Tip for the beginners. Do not take any trades for the first hour From the opening of the day For example if your market opens in 9:15 am dont take trades until 10:00-10:15 cause of high volatilty
Another Tip for the beginners.If you prefer to take 2 trades a day close your previous 10:00 am trade At around 11:45am -12:15 pm and start looking for another one after that. the reason because i have seen this is the time for the most probable reversal or continuation of trend for the next leg of the day
Chapter-5 Significance of Gaps in the market
Gaps are one of the best way to decide what will be the market trend for the rest of the day
There are two type of gaps in the market 1-Gap up 2- Gap down
Tip for the beginners Only trade in the strong gap up or down and as i said before do not trade in the first hour of the opening
Ill show you some scenarios of gap Trading with respect to opening of the day
Scenario 1st strong gap up+ Stayed above above the gap and opening for the 1 hour(9 am-10am)
We can see we had a strong opening stayed above the gap up and open for atleast 1 hour so after this the trend is decided
Tip for the beginners Always follow strict Risk and Reward ratio like i use 1:1.5
Scenario 2nd strong gap up+ stayed below the gap and opening for the 1 hour(9 am-10am)
We can see we had a strong gap up and opening but price stayed below the opening for 1 hour so we took the short as dropped below previous closing/high
Similarly we can use this for gap down scenarios
Final tip from my side are:-
Do meditation for 15 min before trading hours
Always use stoploss
Use your preferred Risk Reward ratio like 1:1.5
Do not trade in opening Hour
Gaps are like your friend
Trends are like a path to success
Do not overtrade
Dont only rely on indicators there isnt any indicator which can make you rich
Use only basic indicators such as Ema,Macd,Rsi and ATR
PLEASE UPVOTE AND FOLLOW FOR MORE EDUCATIONAL CHARTS AND STRATEGIES
Important Video For All Traders 👑🤑👑💸💸💸💸👑Royal Trend👑
Topic Trading Things
Topic - Option Trade and Trading 💸💸💸💸👑🤑
#If u Buy stock without stop loss that mean U are weak in Physiology
#Train Your self To take small trade with Stop-loss
How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Fundamental analysis using Piotroski Score and Graham NumberThese two tools may increase accuracy of selection of stocks for you keeping various important factors in these:-
PIOTROSKI SCORE:
Its comprise of "9" fundamentals used to evaluate a company's financial health.
Profitability Criteria:
1. Positive Net Income (Profitability) - (1 point)
A company should have a positive net income in the current year.
2. Positive Operating Cash Flow (Cash Flow) - (1 point)
The company should generate positive operating cash flow.
3. Higher Return on Assets (ROA) - (1 point)
A higher ROA compared to the previous year indicates better asset utilisation.
4. Improvement in Gross Margin - (1 point)
Cash flow from operations being greater than net Income (quality of earnings)
Leverage, Liquidity, and Source of Funds Criteria:
5. Lower Long-Term Debt to Assets (Financial Leverage) - (1 point)
A decrease in the ratio from the previous year signals less reliance on debt financing.
6. Higher Current Ratio (Liquidity) - (1 point)
A higher current ratio compared to the previous year indicates improved liquidity.
7. No New Shares Issued (Dilution) - (1 point)
No new shares issued, preventing dilution of existing shareholders.
Operating Efficiency Criteria:
8. Higher Gross Margin (Operating Efficiency) - (1 point)
An increase in gross margin compared to the previous year shows improved efficiency.
9. Higher Asset Turnover Ratio (Operational Efficiency) - (1 point)
A higher asset turnover ratio compared to the previous year indicates better utilisation of assets to generate sales.
Total 9 points.
For every criteria met by a stock 1 point is awarded otherwise no points are awarded.
The points are then added up to determine the best value stocks.
The sum of these points creates the Piotroski Score.
Piotroski Score range from 0 to 9.
9 being the best and 0 being the worst.
Score of 8 or 9 is considered a good value.
Score of 0 or 1 or 2 is likely not a good value.
A higher score generally indicates better financial strength.
And a lower score generally indicates weak financial strength.
Example:
Piotroski Score for a hypothetical company named "ABC Ltd".
1. ABC Ltd reported a positive net income in the current year - 1 Point.
2. ABC Ltd generated positive operating cash flow - 1 Point.
3. ABC Ltd ROA improved compared to the previous year - 1 Point.
4. ABC Ltd long-term debt to assets ratio increased from the previous year - 0 Point.
5. ABC Ltd improved its current ratio, indicating better liquidity - 1 Point.
6. ABC Ltd didn't issue any new shares - 1 Point.
7. ABC Ltd showed an increase in its gross margin - 1 Point.
8. ABC Ltd asset turnover ratio increased compared to the previous year - 1 Point.
9. ABC Ltd operating efficiency is improved - 1 Point.
The total points accumulated from the Piotroski Score for "ABC Ltd" are 8 out of 9.
Which means "ABC Ltd" is a financially/ fundamentally strong company based on Piotroski Score.
Investors may conduct further analysis before making investment decisions.
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GRAHAM NUMBER:
Its developed by Benjamin Graham - influential investor and author of "The Intelligent Investor."
It's a formula used to identify potential investment opportunities by determining if a stock is undervalued or not.
Formula:
Graham Number = Square Root of (22.5 x Earnings per Share (EPS) x Book Value per Share).
Earnings per Share (EPS) - Its a company's net income divided by the number of outstanding shares. It signifies a company's profitability.
Book Value per Share - Book value is a company's total assets minus its liabilities. Dividing this value by the total number of outstanding shares gives the book value per share.
It provides a quick way to estimate fair price for a stock.
Graham Number represents the fair valuation of a stock.
If current market price is below Graham Number - the stock might be undervalued.
Graham Number is the maximum amount that a defensive investor may pay to buy the stock.
Investors must consider other factors also before making investment decisions.
Example:
Graham Number for a hypothetical company named "ABC Ltd".
with Earnings per Share (EPS) = $ 5.5 and Book Value per Share = $ 40
Graham Number = Square Root of (22.5 x Earnings per Share x Book Value per Share)
Graham Number = √(22.5 x 5.5 x 40)
Graham Number = √(22.5 x $220)
Graham Number = √(4950)
Graham Number = $70.35 approx
Current market price (CMP) of "ABC Ltd" company stock is below $70.35 (Graham Number), its undervalued as per the Graham Formula. Which means a scope of rise in this stock, Investors may conduct further analysis before making investment decisions.
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So compiling above two examples for "ABC Ltd" indicates:
- Piotroski Score for "ABC Ltd" are 8 out of 9 (Indicating strong Fundamentals).
- CMP of "ABC Ltd" company stock is below its Graham Number (its undervalued - May rise)
- This indicates that "ABC Ltd" is a fundamentally strong company available below its fair value price.
- "ABC Ltd" is Good to buy
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This is for educational purpose only. Please consult your financial advisor before investing. we are not SEBI registered.
Hope you liked it
Happy Trading :-)
Follow Discipline- Be a Better TraderHi traders,
It's been a while since I have written something on trading psychology. So, here is small writeup that may help some traders in conquering their endeavors.
I won't and I can't discuss all the psychological aspects but would like to throw some light upon a few important ones.
You must have heard a lot about What-nots of trading- Do not fear; Don't be greedy; Don't lose your edge; Don't lose patience but there is little on What-should be done to avoid these limitations.
As per my experience, there are two paths that lead to same destination (trading success). Path1 is hit and trial method. I am sure most traders follow this path and suffer. It could be due to lack of awareness or knowledge of the stock market. This ignorance leads to greed >> losses >> fear. Eventually, ignorance develops indiscipline habits if you are not following the cautious approach and learning.
Majority of traders fail to understand the need to learn before they lose their entire capital.
Some of them strive to learn and improve slowly. The latter has good chances to reach their destination but there is no certainty.
On Path2, traders seek help from other. They know that they do not have enough knowledge about the markets and there is someone else who has better knowledge and that someone may help in making the former profitable. Unfortunately, most of the so called knowledgeable are involved in fraudulent activities and it's difficult to filter out good one. Fake Ids, fake PnL screen shots and edited videos are a common practice on social media. There are only a few genuine people and those who are able to find those good mentors or guides are just lucky.
Having a good mentor or knowledge is just primary, the real journey begins after that. Earlier you were fighting with someone else in the stock market but now with all the knowledge that you have, you are fighting with youself. You just realize that the real limitations are within oneself and hence psychological in nature.
I won't delve into those limitations as you all must have read about them at one point or the other. However, I would like to briefly discuss a few solutions to them.
🚀You must have an edge that works. When I say Edge, I mean a strategy or plan. A plan that works means a plan that may not work all the time but most or the time. It could also be a plan that works only 50% of time but with better risk to reward, at least 1:2. The best way is to find/devise such a strategy and backtest off market for its accuracy and intricacies.
Basically, a strategy has three basic elements: Entry, Exit, Stoploss and Trailing stoploss.
🚀You must fix maximum loss per day or maximum number of losing trades per day or maximum profit per day. This is particularly for day traders. If you are in front of the screen all the time, there are higher chances of overtrading. So, you have to learn the habit of discipline yourself with a few trades only. By the end of day you will see that only a couple of trades would fit into your trading plan. If you take a large number of trades per day, you will surely gain nothing by the EoD.
🚀Also its important to book profits when available. You would often notice making good profit in your first trade, losing some part of it in the second, and then closing a third one in a loss. It needs to be realised that the first good trade was enough to call it a day.
🚀Try not to turn a trade in good profit into a losing trade. The problem occurs when you have say, 5000 unrealized profit and then it reduces to 3000. Now you want that 2000 back ignoring that you are still making 3000. This is where trailing stoploss works. Develop a habit of using this locking mechanism so that even if something goes wrong, you still realize gains in a winning trade.
🚀When your trailing stop is hit and stock still resumes in your predicted direction, "do not re-enter". Try to find a second trade later that fits your setup/strategy.
🚀After taking entry, it's important to fix your stoploss as per your strategy. Do not reverse your trade just because your stoploss is hit. This may lead to worst trades in most cases.
🚀Its not bad to buy something that is cheap. You can buy it if it fits into your strategy. Just keep your position within manageable loss limits.
Although these points look simple, yet I am sure that in the beginning you won't be able to follow these few points religiously. It would need a lot of time to follow this discipline. The journey may be difficult but only a strong trading psychology will make you a better trader.
Do boost and share your thoughs in the comment section.
What is Price Action ? Beginners Guide in Easy Steps NSE:NIFTY
What is Price Action Really?
When I started learning I was using a lot of indicators and crap but then I heard about Price action, its meaning is pretty vague and confusing after a lot of effort I get to know that the simplest things work best.
Let's see a structured way to approach Price Action analysis.
1. Chart Reading Bar by Bar.
Studying the Previous candle reflects a lot of important information on the market movement and future direction.
2. Reading the Context and the whole Structure.
*The circles marked on the chart show the best location where certain candlestick formation offers good trading opportunities.
*The reading chart in the overall structure helps to eliminate taking trades in the direction of exhausted trends.
3. Identifying Momentum Increase or decrease.
4. Adding Volume Confirmations.
Volume is the better half of price and without volume analysis can be incomplete.
These are some of the factors that start the price action analysis.
By practice, one can look into the deeper significance of these factors and use them easily.
I hope this has added some new value to your knowledge,
if you like these educational ideas,
Share your views and like.
Will Upload the Next Part with more factors.
Keep Learning,
Happy Trading.
Automation using TradingView Webhooks, I got hooked on Dhan!Brokers are the last people on earth to whom we would like to give credit. Social media is flooded with posts that say “My broker did not help me square off positions…”, “My broker’s app stuck in between..”, “My broker did not help me login…” etc. I believe 99 out of 100 support tickets they get every day would be problems, glitches, and issues. Being a broker is such a thankless job, even if you are doing okay - their customers would say “They just meet the expectations..”
Maybe they should change their name from “brokers” to “platforms”, because when we hear the word broker - we relate it with commissions. It all started in real estate purchases and rentals. If you wish to rent a property, you need to pay 1 month’s rent as brokerage to the person who showed you the apartment. Similarly, the broker in stock trading connects you to the exchange - so that word rhymes with the concept of giving out some money as commissions.
My topic today is not about reducing the commissions or abolishing the list of taxes every trader faces, but something about giving credit for a job done well. This list is tracking 128+ brokers in India. Together they handle about 3,24,94,922 active customers. I assume that should be 95% of all traders. The top 10 brokers handle 80% of the customers. The top 20 handles 90%. This means around 108+ brokers handle just 10% of the customers.
Every broker has some pros and some cons. Switching from one broker to another is not that easy, so the customer will only do that if the new broker offers something extraordinary - a new tech or a pricing advantage. I am here to talk about one such tech that got me interested - Trade via Charts.
@TradingView (TV) is a firm that provides app/web based charting solutions for most of the stocks, indices, currencies, and commodities out there. Most of the brokers provide a free integration with TradingView charts. Even trade from charts is not that new - it was there for quite some time now.
@Dhan is one of the first brokers (15th in this list) that provided the TradingView integration via Webhooks. This means if we set some levels on the TV chart, it could place the orders directly on the Dhan app. This means a lot if you are serious about automating your trading plan. All we need to do is set the right levels on the TV charts via price alerts, pass the JSON script, and then set a corresponding order on Dhan app. If the stock/index crosses that price level - the system automatically places the order for you.
Dhan made this revolutionary integration and then quietly but suddenly it started gaining a lot of customers. Automated trading will attract the office-goers, self-employed professionals and part-time traders because they can set these levels on the chart and then forget it. This feature will help them take their eyes away from the trading screen and focus on their main job. Lesser screen time for trading combined with a higher focus on their main profession.
Lesser screen time also ensures lower stress levels. Sitting in front of the computer monitor for 6 to 7 hours watching the charts is not a child’s play. It not only eats up our energy but often prompts us to over-trade or exit prematurely.
This is how I created the price alert. In the message box you need to pass the correct Json as provided by the broker (for sample I have mentioned it as just TESTING..). Once this price alert is correctly set up - it places an order if Nifty50 falls below 18900. All I need to do is create a basket with the items that need to be part of the order. For example, see image below - I created a test basket with name: 111 that will place an order of 1 lot on 18900 PE when Nifty50 falls below 18900 on the TV chart.
If you are new to coding or automation - it may take some time to get a grip on what is happening. But once you have done the homework, it should work like a charm. I had no plans to open a Dhan account earlier, but as soon as this feature became stable - I wanted to try it. Now that I have been using it for half a year - I am really loving it. Once I got it working, the speed of placing the order was much better than my manual entries. I saved some slippage costs as well.
The important takeaway here is that automation is highly possible, but you need to set the command correctly. Automation is not a tool to help you make profits if you were losing manually. The logic of what should happen and when it should happen should be decided by you, how it will happen is what's getting automated.
Also, trading is a tough job. Less than 5% succeed. 99% of trading money deployed ends up in the hands of 1% of traders. The real clue is to get your research worked upon. Work hard to find your edge. If you are employed somewhere, use your spare time or weekends to research. Once you are ready with a good plan - you may be able to deploy this feature. If you get it programmed correctly - it may even give you peace of mind.
MCX Mrtal and Energy Analysis Crudeoil , Natural Gas and Silver, Its a general analysis on the basis of simple price action
NIFTY DESCENDING triangle formationHere is my overview of descending triangle forming in the price levels.
WHAT IS DESCENDING TRIANGLE??
Formation: A descending triangle pattern begins to take shape after a prolonged downtrend. Traders and analysts notice a series of lower highs forming as the price of an asset consistently makes lower peaks. These lower highs are often seen as a sign of weakening bullish momentum.
Support Level: Simultaneously, a horizontal support level emerges as the price bounces off a particular price point multiple times, creating a horizontal line. This support level represents a significant area of demand, where buyers are willing to step in and prevent the price from falling below that level.
Triangle Shape: The pattern takes the form of a triangle as the descending trendline connecting the lower highs and the horizontal support line intersect. The descending trendline acts as a resistance level that keeps pushing the price down.
Bearish Bias: The descending triangle pattern suggests a strong bearish bias. As the price continues to make lower highs, it indicates that sellers are in control, and buyers are less willing to bid the price up. The horizontal support level becomes increasingly crucial as a decisive point where traders expect the price to either break down or reverse.
Volume Analysis: Volume analysis is essential when considering a descending triangle pattern. Typically, during the formation of this pattern, the trading volume tends to decrease. Lower volume indicates decreased interest in the asset and often precedes a significant price move. Traders often look for an increase in volume when the price breaks below the horizontal support, signaling a stronger confirmation of the bearish trend.
Confirmation and Entry Points: The descending triangle pattern is confirmed when the price breaks below the horizontal support level. This breakdown is a bearish signal, and traders often look for this event to initiate short positions or to exit long positions. Entry points are typically just below the support level, and stop-loss orders are usually set just above the horizontal support or the descending trendline.
Price Target: To estimate the potential price target after a breakdown, measure the height of the triangle from the highest point (the first lower high) to the horizontal support. Then, subtract this measurement from the breakdown point. This gives you an approximate price target for the downward move.
Mastering Demand Zones : A Deep-Dive !!
Mastering Demand Zones: Advanced Techniques in Stock Market Analysis
Introduction to Demand Zones:
In the realm of technical analysis, demand zones play a crucial role in assessing price movement and making informed trading decisions. A demand zone, also known as a support zone, is a price range on a chart where a particular asset, such as a stock, has historically experienced buying interest and a halt or reversal in its declining price trend.
Demand zones are essential tools for traders and investors as they provide valuable insights into potential price levels where buyers are likely to enter the market, thereby preventing the price from falling further.
By recognizing demand zones and understanding their significance, traders can make more informed decisions, manage risk effectively, and capitalize on potential trading opportunities. However, it's important to remember that technical analysis is not foolproof, and market conditions can change rapidly, so using demand zones in conjunction with other analysis tools is advisable.
Defination: (What is Demand Zone)
In the stock market, a "demand zone" refers to a specific price range on a price chart where there is a higher likelihood of increased buying activity or demand for a particular stock or asset. It's a concept often used in technical analysis to identify potential areas of support where prices might reverse or bounce higher. Here's a simple explanation:
Imagine a stock's price chart, and you notice that within a certain price range, the stock has consistently found buyers and reversed its downward movement. This range, where buying interest is strong enough to halt or reverse a decline, is referred to as a demand zone. It's a level where traders believe the stock is attractively priced, leading to increased buying pressure.
A demand zone typically forms because traders remember that the stock performed well in that price range in the past, making them more likely to buy if the price revisits that level. Traders often use demand zones as potential entry points for buying a stock because they anticipate that prices could rise from that area due to increased demand.
It's important to note that demand zones are not foolproof predictors of price movements. They are just one tool in the arsenal of technical analysis that traders use to make informed decisions. The effectiveness of demand zones depends on various factors, including market conditions, overall trend, and the strength of buying interest.
Overall, understanding demand zones can help traders identify potential support levels where buying activity might increase, but it's essential to consider other technical indicators and market factors for a comprehensive trading strategy.
---
Chapter 1: Fundamentals of Demand Zones
In the vast landscape of the stock market, demand zones represent not only a point of intersection between price movements and investor psychology but also a nexus of potential trading opportunities. To comprehend demand zones is to unravel the intricate interplay of market dynamics and human behavior, a synthesis that lies at the heart of successful technical analysis.
Central to understanding demand zones is recognizing the core economic principle of supply and demand. When a stock undergoes a price retracement during a downtrend, buyers perceive the lower prices as an invitation to participate. As buyers enter the market, their collective demand counters the existing selling pressure, creating an equilibrium and, consequently, a demand zone. This zone marks an area on the price chart where bullish sentiment prevails and offers an optimal juncture for traders to intervene.
The historical evolution of demand zones is a journey that traverses time, reflecting the evolution of market psychology and trading practices. From the rudimentary interpretations of supply and demand in ancient markets to the sophisticated analysis enabled by modern technology, the concept of demand zones has evolved into a multifaceted tool in the arsenal of the astute trader.
This chapter paves the way for an in-depth exploration of advanced technical analysis through the lens of demand zones lets take an example now,
For Example;
In the bustling realm of the Indian stock market, consider "ABC Ltd," a prominent company that has been experiencing a downtrend in its stock price. As the stock retraces and heads toward a crucial level of ₹1,500, a demand zone materializes. This zone represents a psychological and strategic juncture where buying interest has historically surged.
The fundamentals of "ABC Ltd" remain strong, including positive earnings reports and market sentiment regarding the company's future prospects. The demand zone around ₹1,500 becomes a focal point as traders and investors anticipate a reversal in the downtrend. This illustrates the fundamental principle that demand zones encapsulate the equilibrium between supply and demand, acting as pivot points for price reversals.
---
Chapter 2: Technical Tools for Identifying Demand Zones
Embarking on the quest to identify demand zones requires a comprehensive arsenal of technical tools, each contributing a unique facet to the intricate mosaic of price movements. Among these tools, support and resistance levels emerge as bedrocks of price action analysis. Support levels, often synonymous with demand zones, represent historical points where price declines were halted and reversals were initiated. Conversely, resistance levels demarcate zones where price advances were stymied, underscoring their importance as potential areas of market reversal.
The Fibonacci retracement is another pivotal tool that elevates demand zone identification to a refined art. Derived from the Fibonacci sequence, these retracement levels mark potential demand zones by assessing the relationship between a price retracement and significant ratios. Overlaying these ratios on the price chart unveils previously hidden levels that might serve as demand zones.
Volume analysis steps into the spotlight as a complementary tool, painting the canvas of demand zones with intricate strokes. Analyzing the intensity of trading activity within demand zones provides a nuanced understanding of the commitment behind each price point. These tools, when woven together, form a comprehensive tapestry of demand zone analysis that goes beyond surface-level identification to discerning the potential strength and impact of each identified zone.
Lets take an example now,
For Example;
Applying technical tools to the case of "ABC Ltd," we find that the stock has consistently found support around the ₹2,000 mark in the past. Utilizing Fibonacci retracement levels, we note that the 50% retracement level aligns closely with this support level. This confluence underscores the potential demand zone at ₹2,000 as a significant area where buying interest could surge.
Adding volume analysis to the equation reveals that historically, increased trading volume has accompanied price bounces near ₹2,000, suggesting heightened market participation and potential accumulation. Combining these technical tools provides a comprehensive view of the demand zone's strength and potential impact on price movements.
---
Chapter 3: Characteristics of Strong Demand Zones
Recognizing the chasm between mere price levels and robust demand zones is the hallmark of a seasoned trader. Strong demand zones boast an array of characteristics that set them apart and signify their potential significance in the broader market landscape.
"Multiple touches" emerge as a defining trait of potent demand zones. These are zones where the price has rebounded multiple times, highlighting the consistency of buying interest. The cumulative effect of these touches validates the zone's status as a significant level, indicating that it holds sway over market participants.
Volume amplifies the impact of demand zones, turning the spotlight onto the intensity of market conviction. Heightened trading volume within a demand zone infuses it with a surge of energy, underlining the collective sentiment that bolsters the buying interest within that zone.
Moreover, the entwining of psychological price levels with demand zones enhances their magnetism. When a demand zone coincides with a round number or a historically significant high or low, it resonates with traders, inviting their attention and potentially catalyzing buying activity.
This chapter equips us with the acumen to sift through the market landscape and identify not just any demand zone, but those endowed with the attributes of strength and reliability.
lets take an example now,
For Example;
For "ABC Ltd," the ₹1,200 level emerges as a robust demand zone. Over time, the stock has repeatedly bounced off this level, creating a trail of multiple touches. Each touch signifies consistent buying interest, validating the psychological significance of the ₹1,200 demand zone.
Additionally, substantial trading volume has consistently accompanied these price bounces, indicating a broad market consensus on the importance of this demand zone. Furthermore, the demand zone aligns with a historically significant low point for the stock, reinforcing its strength. These characteristics collectively amplify the potency of the ₹1,200 demand zone.
---
Chapter 4: Advanced Confirmation Techniques
Identifying demand zones is only the beginning; validation through advanced confirmation techniques lends an additional layer of assurance and precision to trading decisions. Among the most potent tools in this arsenal are bullish candlestick patterns. These patterns visually encapsulate the sentiment shift within a demand zone, transforming bearish pressure into bullish momentum.
The engulfing pattern, a classic candlestick formation, encapsulates this sentiment reversal by engulfing the previous candle's range. This dramatic change in price direction within a demand zone signifies a shift in market dynamics.
Divergence analysis adds a dimension of complexity to confirmation techniques. By comparing price movement with an oscillator like the RSI, traders gain insights into market behavior dynamics. Positive divergence, characterized by the price moving downward while the oscillator trends upward, hints at an impending reversal of bearish sentiment.
Mastery of these advanced confirmation techniques equips traders with an artful finesse to separate true demand zones from fleeting fluctuations, positioning them to navigate the market with heightened accuracy. lets take an example now,
For Example;
In the scenario of "ABC Ltd," let's assume the stock price has approached the ₹1,800 demand zone. A bullish engulfing candlestick pattern emerges within this zone, marking a powerful shift from bearish to bullish sentiment. This visual confirmation is an indication that buyers have overtaken sellers within the demand zone.
Moreover, the Relative Strength Index (RSI) exhibits positive divergence during this time frame. As the stock price trends downward, the RSI moves in the opposite direction, signaling potential upward momentum. This dual confirmation through candlestick patterns and divergence analysis boosts the credibility of the ₹1,800 demand zone as a potential reversal point.
---
Chapter 5: Risk Management Strategies
Within the realm of trading, where volatility and uncertainty reign, effective risk management assumes paramount importance. Demand zones, while offering alluring opportunities, also carry inherent risks. Navigating these intricacies necessitates a comprehensive approach that encompasses various risk management strategies.
Central to this approach is the art of placing stop-loss orders. By situating these orders slightly below a demand zone, traders shield themselves from the specter of false breakouts. This strategic placement ensures that even if a demand zone fails to hold, potential losses are contained.
Position sizing enters the equation as a cornerstone of risk management. Traders allocate capital in proportion to their risk tolerance and account size, preventing overexposure to a single trade. The principles of risk-to-reward ratios further contribute to a balanced approach, ensuring that the potential rewards of a trade are commensurate with its risks.
In a realm where uncertainty looms, effective risk management strategies serve as the rudder that steers the trader's ship, guiding them through the ebb and flow of the market's tides. lets take an example now,
For Example;
Suppose you decide to trade "ABC Ltd" with the demand zone at ₹2,500 in mind. To manage risk effectively, you set a stop-loss order just below the demand zone, at ₹2,480. This buffer guards your trade against potential false breakouts and limits potential losses.
Position sizing comes into play as well. You allocate a portion of your capital for this trade based on your risk tolerance and overall account size. This ensures that your exposure remains within acceptable limits and aligns with your overall portfolio strategy. By managing risk through these strategies, you protect your capital and minimize potential downsides.
---
Chapter 6: Demand Zones in Different Market Environments
The dynamic nature of markets mirrors the shifting winds, prompting traders to adapt their strategies to different environments. Demand zones, as malleable indicators, respond in unique ways to various market conditions, underscoring their versatility.
In a trending market, demand zones operate as veritable launchpads, propelling prices further in the direction of the trend. Here, demand zones transform into essential support levels that act as stepping stones for continued price movement.
In contrast, the world of sideways markets presents a different challenge. Demand zones within a sideways range serve as both potential entry points and zones of caution. As prices oscillate within a confined range, demand zones offer traders the chance to participate in potential breakouts or capitalize on range-bound price action.
Volatility ushers in a realm of both opportunity and danger. Demand zones become focal points of not only entry but also vigilance. In this environment, traders must remain nimble, ready to adapt their strategies in response to rapid market shifts. lets take an example now,
For Example;
Now consider "ABC Ltd" in various market environments. In a trending market, the ₹1,600 demand zone acts as a catalyst for trend continuation. As the stock retraces to this level, it offers an attractive entry point for traders looking to capitalize on the ongoing uptrend.
During a sideways market phase, the ₹2,200 demand zone takes on a unique role. It acts as a pivot for price oscillations within the range, offering potential buy and sell opportunities. As the stock tests the upper or lower boundaries of the range, this demand zone could signal a potential breakout or reversal, highlighting its versatility.
---
Chapter 7: Incorporating Demand Zones into Your Trading Plan
The culmination of demand zone mastery lies in the integration of this knowledge into a holistic trading plan. A comprehensive strategy that incorporates demand zones can serve as a compass, guiding traders through the tumultuous waters of the stock market.
This chapter walks us through the process of crafting such a trading plan.
Setting objectives is the first step, aligning trading goals with personal aspirations and risk tolerance. Establishing clear risk thresholds guards against unforeseen market shocks, ensuring that trading remains within predefined boundaries.
The harmonious integration of demand zone analysis with other technical and fundamental tools is pivotal. This convergence results in a strategy that's not only robust but also adaptable, capable of navigating a range of market conditions. lets take an example now,
For Example;
Integrating demand zone analysis into your trading plan for "ABC Ltd," you set clear objectives. Your goal is to achieve a 1:2 risk-to-reward ratio for each trade. Considering the demand zone at ₹2,200, you set your stop-loss at ₹2,180 and identify a profit target at ₹2,260. This alignment between demand zone analysis, risk management, and profit-taking strategy ensures a comprehensive and calculated approach to trading.
---
Chapter 8: Case Study and Practical Example
The true litmus test of knowledge lies in its application. This chapter dives headfirst into the practical realm by presenting a series of case studies that illuminate the effectiveness of demand zone analysis. Real-world scenarios—ranging from triumphant victories to humbling challenges—offer readers a firsthand glimpse into the art of demand zone trading.
For example.
Persistent Systems.
In a recent case in the Indian stock market, "Persistent" encountered a demand zone around ₹4620-4760. The stock's price had been declining, but within this demand zone, a bullish pinbar candlestick pattern formed. This marked a shift in market sentiment, as buyers stepped in and overpowered sellers.
Adding to the confirmation, the RSI displayed positive divergence, hinting at an imminent price reversal. Subsequently, "Persistent" rebounded from the demand zone, validating the power of demand zone analysis combined with advanced confirmation techniques in real-world scenarios.
This case study unravels the dynamic interactions between demand zones and price movements, capturing the essence of trading in action. By observing the strategies employed and the outcomes achieved, we can gain an experiential understanding that transcends theoretical knowledge.
Follow InvestYourAsset and boost your trading knowledge ! Please give it a like to motivate us if you appreciate the educational content.
XAUUSD Elliot Wave LabelingLet’s take this labelling as a case study.
The red ABC pattern is a 3-wave pattern. It’s a correction.
Corrections happen in waves 2 and 4.
This entire correction happened in wave 2. After wave 2 comes wave 3. That sharp upward spike on the right is wave 3. Wave 3 will help price to resume its upward trend.
Now, inside that ABC correction is another correction. It’s a 5-wave pattern called a triangle. A triangle is a wave that is always before the last impulse in a given cycle.
In this case it happened as wave B which was before the last impulse (wave C). It can also happen as wave 4 which is before the last impulse called wave 5.
DATA TRADING WITH SIMPLE LANGUAGE 👑💸👑Royal Trend👑
what is data trading ?
DATA-Trading is like a GPS system while you navigate the treacherous Ups and Downs of the markets. DATA is your guide to gain knowledge and make better decisions in the markets.
Topic Trading Things
Topic - Option Trade and Trading 💸💸💸💸👑🤑
#If u Buy stock without stop loss that mean U are weak in Physiology
#Train Your self To take small trade with Stop-loss
How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Clear All Technical Concept For Option👑👑Royal Trend👑
what is data trading ?
DATA-Trading is like a GPS system while you navigate the treacherous Ups and Downs of the markets. DATA is your guide to gain knowledge and make better decisions in the markets.
Topic Trading Things
Topic - Option Trade and Trading 💸💸💸💸👑🤑
#If u Buy stock without stop loss that mean U are weak in Physiology
#Train Your self To take small trade with Stop-loss
How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
DATA TRADING PART 2 BY PROFESSION'S 👑👑Royal Trend👑
what is data trading ?
DATA-Trading is like a GPS system while you navigate the treacherous Ups and Downs of the markets. DATA is your guide to gain knowledge and make better decisions in the markets.
Topic Trading Things
Topic - Option Trade and Trading 💸💸💸💸👑🤑
#If u Buy stock without stop loss that mean U are weak in Physiology
#Train Your self To take small trade with Stop-loss
How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Happy Maha Navami and Vijaya Dashami to Everyone!I did not trade this week nor I shared any setup due to festival and time spent with my family. Looking at chart now seems like downside target for whole week has been achieved in a single day, hence no more trades unless there is bullish reversal or further breakdown. I will share my setup by this Sunday. Till then, shop for fundamentally sound stocks available at discount in this correction.
Wish everyone Happy Maha Navami and Vijaya Dashmi, Enjoy the festivals!
Thank you!
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INSIGHTS:
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As usual, I will keep sharing my insights which are based on my personal experience in trading.
1. Please stop watching foreign markets, it won't help but will corrupt your viewpoint and ultimately you will either lose an opportunity or make a loss.
2. Market will not keep taking SL again and again, it has to decide a trend after some time. But if it takes 2-3 SL, just stop and wait for another opportunity.
3. In case you have 2-3 SL hits, immediately stop looking at market, leave your computer, watch some movies or go some place with family or do any other leisure activities, but just get the market out of your head, believe me it helps a lot.
4. If there is a SL, DO NOT THINK TWICE, JUST EXIT, IT IS JUST 20-30 POINTS, you will be getting 100 - 300 points in another trade if you simply take SL this time without thinking twice. But if you show ego to market or think that let me watch for some time, you will definitely regret it. Sometimes you may be right, but that will be just pure luck and gambling.
5. Trade with long term view point, even if you are initiating an intraday, have a weekly viewpoint, so that you will have conviction to either carry forward or just exit if you are not convinced.
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SPARC : Breakout Soon#sparc #swingtrade #momentumtrade #patterntrading
SPARC : Swing / Momentum Trade
>> W pattern clearly visible
>> Volumes building up
>> Good Strength in stock
Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Dual Bollinger Band Jackpot Strategy.This is a strategy for Swing Traders who just want to capture the swing and don't want to hold the stock for months. This strategy requires 3 indicators:-
Bollinger band (20,2) and Bollinger band (20,1)
Volume
MACD
Trade Setup for Long:-
1] The candle which closes above UB 2, we will call it BREAKOUT CANDLE.
The BREAKOUT CANDLE should have following properties;
a) The volume of this candle should be greater than previous TWO CANDLE's volume.
b) MACD histogram and MACD line should be greater than zero.
2] There should be minimum TWO CANDLES just before the BREAKOUT CANDLE which closed
between UB 2 and BASIS. Those TWO CANDLES should consists of atleast one RED CANDLE.
And that RED CANDLE should not touch the BASIS.
TIMEFRAME:- DAILY CHART.
When all of the above requirements is fullfilled we can BUY above the high of BREAKOUT CANDLE.
STOPLOSS is 1 point below the low of BREAKOUT CANDLE.
TARGET is 2 times the STOPLOSS.
DISCLAMER:- this is for educational purposes only.
DON'T apply this startegy directly with real money. First do paper trade and see the results and analyse the profitability of this strategy.
Option Trade and Trading 💸💸💸💸👑🤑👑Royal Trend👑
Topic Trading Things
Topic - Option Trade and Trading 💸💸💸💸👑🤑
#If u Buy stock without stop loss that mean U are weak in Physiology
#Train Your self To take small trade with Stop-loss
How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Indian and US G Sec Yields and impact on USDINR and EquitiesBond Yields in India are anchored at 7% whereas in US the curve is inverted and interest rates are going to be 'higher for longer'.
Inspite of this Rupee is not getting hammerred, due to huge forex reserves and even the Indian stock market is fairly resilient, thanks to deluge of local money.
So going forward, a long term investor is likely to benefit if he/ she keeps buying the dip and just stay invested.
Channeling Types & Identification in Technical AnalysisHi friends, Mates and Colleagues today i am sharing an easy to understand publication on Channel patterns commonly seen and used during charting and in technical analysis, hope it might be helpful for the new entrants in the world of Tradingview and technical analysis sharing below the description about channels, visuals and some insight about already shared on provided chart.
Ascending Channel-:
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern, Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs.
Key factors-:
An ascending channel is used in technical analysis to show an uptrend in a security’s price.
It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively.
Descending Channel-:
What Is a Descending Channel?
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels.
Key Factors-:
A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend.
Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries.
Parallel Channel-:
A parallel channel pattern is a technical chart pattern that is often used in price analysis to capture a counter-trend move, It is one of the highly observable patterns and gives multiple trading opportunities to traders and A parallel channel pattern showcases a directional rally wobbling between two trendline barriers and is most likely to provide a counter-trend move.
Key Fcators-:
A price channel occurs when a security's price oscillates between two parallel lines that are either horizontal, ascending, or descending. The channel is formed when a security's price is buffeted by supply and demand.Traders can sell when the price approaches the price channel's upper trendline and buy when it tests the lower trendline.
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How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
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