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Can you predict such falls? Fibonacci Retracements - (bad audio)Market fall may have taken few by surprise, but followers of price action techniques should have this scenario in their plan. Trend analysis (or Elliot wave analysis) along with Fib Retracements could be of enormous help if used in tandem with price action. They at least give you minimum target and levels, so that you are able to ride the trend and also do not make impulsive entry decisions. (Disclaimer: the audio quality is really bad. Somehow the system is not allowing external mic and using internal mic which is capturing lot of noise. Tried typical methods but not working. If you have solution let me know)
NSE:NIFTYEducation
by jay21shah
Trader's Query - What capital I need to trade better ?Query: I am new to trading. How much capital I need to trade? What I need to trade better? Trading account: Anybody can open trading account and it needs a small process. Trading capital: Capital depends on how you trade. If you are completely new, start with small capital as per your financial strength. Because at the early stage you will explore the order types and you will be learning how to use each order type. And also at the initial stage taking trade with confidence is a challenge. For example in this chart lets say your planned entry was 1830 and you missed to enter at the first chance. Then price fall down and again the same level comes. At that point unless you know the trend strength, taking entry is risky as price may be reversed. And by experience you understand about trend in a better way. Trading Knowledge: Technical knowledge is important to trade better. And when you practice the knowledge with discipline, then you can be profitable. Chart : Chart is needed to analyse & trade in live market. Trading Strategy: You need trading strategy which gives you entry, stop and targets. Your trading strategy should be back tested at least for 6 months. Most traders back test their strategy for minimum 4 yrs. I have shared a link, refer it to get an example strategy. Trading plan: You should be ready with trading plan before market opens as it will reduce the confusion, tension during trading. What other things help you to trade better? There are lot of indicators available. You can use any indicator if you understand and back test it. Also updating your knowledge continuously by learning daily will help you to trade better. I have shared a link below, refer it to know about indicator. Dont use too many indicators. Too many indicators will confuse you. 2 or 3 indicators are more than enough. And lost but the most important thing in trading is, you need proper mind set to trade better. Review your trades : Daily or weekly review how you traded. It will help you to find your strength and weakness as a trader. What not to do ? Dont trade during important news announcement as that time movement will be volatile. Trading is simple if your strategy is simple with good accuracy and your mind is simple without fear or greed. All the best...
NSE:NIFTYEducation
by vanathi
14
Trader's Query - Over tradingQuery : How to control over trading? In last 4 sessions I made huge losses I keep on placing orders, once I get loss. Trading type : Intraday Trading Instrument : Index Reason : Lack of discipline & knowledge Lack of fear about money How to rectify: Trade based on well tested strategy Less or no trades on news days Targets vary depending on market situation Follow trading rules Example for trading strategy When you are ready to pay brokerages, lose money because of over trading, you can spend your time, energy and money to learn about trading.
NSE:NIFTYEducation
by vanathi
12
Trading ExecutionThis post is about simple entry,stop & exit,adapting the market movement. It will be useful to new traders. Watch it fully so that you wont miss important points. Most of the time we do analysis and market give completely different scenario to handle. In this post I have explained about the trading execution using my yesterday’s analysis. I have explained the entries & stop. Analysis - Reliance – Double top resistance @ 2400 – 2410. Mildly bearish. Price didn’t fall and went up. Analysis-HDFC – Trend line support – neutral. Today took support & gave 35 pts move. I have marked the entry in the video. Analysis-Infy – Consolidation –neutral. Today gave break out of 50 pts. Analysis-TCS – Trend line support – neutral. Took support. Analysis-ICICIBank - @ trend line support – neutral. Today gave 15 pts move. Analysis-HDFCBank – Consolidation – no trend. 40 pts move today. Analysis-SBIN – Consolidation – no trend. Gave upside break out for 10 pts. Analysis-Kotak Bank - @ trend line support –neutral. Took support and gave 50 pts move. Analysis-Axis bank – Descending triangle – bearish. Gave upside break out. I have shared the link in which I have done the analysis.
NSE:AXISBANKEducation
by vanathi
10
Predict Crude oil's next movement with Volume activityPrice action is the Key. Use Ultra high volume setup/condition for additional confirmation purposes only. A combination of Daily and Hourly time frames works well. Highly recommended only if the Daily time frame is Trending. Lower time frames say less than the hourly chart gives the confused or mixed-signal, so it is recommended to use for overnight positions. Take trades based on your own risk appetite. The indicator used is Volume Spread for VSA Queries are Welcome
OANDA:WTICOUSDEducation
by Velmurugan_SimpleTrader