Tried testing my strategy in excel so that in future this could be automated.
Day 6: Had the idea of chasing the trend, however, realised that I am not yet ready for it. The SL was very far off and hence was sceptical of taking the plunge. Upon confirmation candle, did take the stand; and it turned out to be correct, got out at expected target. Learning: 1. Waiting for confirmation definitely helps 2. Do not doubt the system even in an...
Day 5 Experimented with 15 min chart to see if it can help identify the major trend for the day. Untill now I used to look at 1 hr chart to judge on major trend. Looks promising and delivers within the day. Will follow 15 min chart to see if can help me identify the trend correctly, consistently.
1. Price bounced 18%+ from support 2. Downword channel - High probability it may give breakout on up side 3. Main trend is bullish 4. Buy on dip with proper risk would be a good idea 5. ATH can be seen
Took a good trend line support made a jump of 16 points from 549 to 569 approx. Also broke the trendline today making low of 543. As per trendline analysis it looks like selling has good oppurtunity if open without gaps. Support at 543 if broke then Target : 537 Resistence at 553 if fail then Target : 543 For more random analysis like this please follow &...
Gold is seeking for Big Players to short and to trap buyers from here. Retailers are trying to push gold above 1980 and even above 2000 but they(MM) have some other plans. Retailers did not come out from the mindset of buying, but there is still a chance for buyers if war escalates. Fundamentally and Technically gold is down. Stay updated!!
As someone who trades options and is part of the trading community, I've learned that being successful involves two main things related to price action. The first part, which makes up about 20% of it, is all about understanding patterns, market trends, and support and resistance levels. This is like recognizing the different shapes and structures that prices make...
Psychology is the scientific study of the mind and behavior. EMOTION VS SET-UP LOSS VS EMOTION PROFIT VS EMOTION APKO KYA CHAHIYE ?
Trading involves managing both the technical and psychological aspects of the markets. While technical analysis and risk management are important, the psychological factors such as discipline, patience, and managing emotions play an equally important role in trading success. Here are some insights on each of these psychological aspects of trading: Discipline:...
Today Narrow CPR has formed and whenever narrow CPR formed then most of time market is trending. This was 1st conviction to trade breakouts/breakdowns. The 2nd conviction to sell was that price opened below40500 PSY level and rejected twice from it. So after breakdown entry should be triggered.
Another Simple Technical Analysis which shows that market is easy and money can be made by doing simple things also. This Time there is a very simple TRENDLINE drawn in weekly time frame which had worked multiple times and again which has given another opportunity and made a Pin Bar candle at the support of the Trendline. It seems true that more than 80% is the...
My agenda for this video: I wanted to portray how Experience and Profits are not directly proportional to each other, but the process gives us strength to create an edge in the stock market, not become a gambler and follow something of our creation. This creation leads us to profitability as well as experience. A trader Experiences many things in life; I have...
Logic behind the Trade 1. This scrip has bottomed out after staying there for a long time and in recent trading days it has started an upward movement 2. Recent bullish momentum was seen and after a small retracement & it was followed by a bullish engulfing candle which shows a further bullish momentum continuation 3. RSI above 50 now thus showing strength...
Logics behind the analysis 1. Bank Nifty is in strong bullish momentum 2. This scrip has shown strong bullish run in recent times thus it's a momentum based trade (just like in traders language "Trend is your friend") 3. Post strong bullish run it's in a rest mode now (profit booking) and therefore it's ranging/consolodating 4. Bigger the...
I daily make educational content videos on financial markets.
Healthy Correction must come at this level. Nifty and B-Nifty both are at Major psychology resistance 18000 and 39770-40000. On Friday both make bearish engulfing candle with heavy selling from over bought zone. we are expected still more correction up to 17300 and 38220. Next up move will come when both index close above these psychology levels till stay short....
EURJPY currently a very good sell zone let's wait & see hoe market react in this analysis .
Nifty 50 is currently in midst a descending triangle pattern. What is more important than patterns is understanding the psychology behind it. Buyers have defended 16800-16830 zone very well and has been tested 5 times. Each time selling pressure has ensured a lower high. If 16830 breaks target is 16000. If 17350 breaks decisively then upside targets of 17800 and...