Search in ideas for "CHAT"
Vedanta: How technical analysis helped us capture a 15% movementVedanta
On 20 May we had recommended this idea as cash buy for a target of 97.5 & above 98 for extended target of 102 / 104.
- first we observed Vedanta trading in upward channel highlighted by the blue lines
- we got further cues from trading pattern observed at the green gap zone
- it acted as resistance on previous 3 occasions & there was signs of gap zone potentially acting as support.
- and that is precisely what it did. It reversed exactly from lower end of gap zone
As far as target is concerned we see another gap zone between 104- 111 odd levels highlighted by red zone. So to ensure trade execution we gave a target slightly below 104 at 102. And that's the level where Vedanta made a high - 102.50
And we were able to capture a nice 15% in just 10 trading sessions :-)
If you want to learn, you can message me in private chat.
Message only if you are serious about learning.
Regards,
Vaibhav Deshpande
LEARN HOW DOUBLE TRAPPING IS DONE ON 22-4-20HOW I TRADED TODAY & SWITCHED MY SENTIMENTS WITH MARKET IN BNF FOUR TIMES.
1. IN YESTERDAY POST I TOLD YOU THAT MY BIASED IS SHORT SIDE AND CAN BE CHANGED ANY TIME IN INTRADAY. SAME HAPPENED FOUR TIMES. TO CHANGE ONES SENTIMENTS AT ONE TIME SEEMS TO IMPOSSIBLE , HERE I HAD TO CHANGE FOUR TIMES WHILE TRADING. IN MY STRUGGLING TIMES ,IT WAS REALLY PAINFULL TO GET TRAPPED IN THESE SITUATIONS. AND USED TO LOSS HEAVEY AMOUNTS. BUT BY THE GRACE OF GOD I NEVER DISHEARTED , AND TRIED TO LEARN FROM MY MISTAKES BY READING MANY BOOKS IN MY LIFE. NOW IS ABLE TO UNDERSTAND THE LANGUAGE OF STOCK MARKET SUBTLY.
2. MARKET FOLLOWED THE RED COLOR STRUCTURE SHOWED IN YESTERDAY POST. I TOLD YOU RED COLOR CHANNEL IS ONE OF THE KEY. UNTILL & UNLESS PRICE REMAIN IN THIS CHANNEL IT WILL MOVE DOWN. BNF OPENED SLIGHTLY GAP DOWN JUST BELOW THE UPPER END OF CHANNEL WHERE I TOOK FIRST POSITION OF SHORTS. I TOOK THIS POSITION AFTER WAIT OF 15 MIN, PRICE CAME TO LOWER END OF RED CHANNEL I BOOKED . ONE HR PRICE REMAINED DOWN. THAT IS SUFICIENT FOR DAY TRADER.
3. SECOND SENTIMENT CHANGED WHEN PRICE BREACHED UP RED CHANNEL. HERE I TOOK LONG AND MY TARGET WAS RED COLOR RESISTANCE YESTERDAY I SHARED IF THIS IS BREACHED ONLY THEN PRICE WILL MOVE UP IN WHITE BOX. SO AS SOON AS IT REACHED RED RESISTANCE LINE I BOOKED 2 POSITION. HERE I RECEIVED ONE PRIVATE CHAT MSG REGARDING BUY OR SELL .I WAITED SOMETIME TO KNOW HOW PRICE WILL REACT. WHEN I FOUND PRICE IS GETTING RESISTANCE IN PINK COLOR CANDLE ,I IMFORMED HIM SHORT AND I ALSO WENT SHORT. THIS WAS THIRD CHANGE OF SENTIMENTS. WHEN PRICE REACHED GREEN DOTTED SUPPORT AN FOUND TAKING SUPPORT I BOOKED THIS POSITION ALSO. AT THAT TIME ONE MORE MSG RECEIVED .SOME ONE IS HOLDING 18900 PE AND I WAS WORKING IN 18700 PE. HE ASKED ME WHAT TO DO I SAID HOLD. WHEN SENTIMENTS CHANGED I IMORMED HIM TO QUIT THIS POSITION.YOU SEE CHAT BOX. FOR THIS AUTHENTICATION.
4. FOURTH POSITION I TOOK TO LONG WHEN PRICE BREACHED RED RESIATANCE LINE WHITE CIRCLED COLOR CANDLE WITH BUYING PRESSURE PROVED ME BEARS HAD BEEN TRAPPED SO GET READY TO BREACH RED RESISTANCE. I BIOOKED TIS POSITION NEAR WHITE DOTTED CHANNEL UPPER END. THIS IS HOW SENTIMENTS SWITCHED FOUR TIMES AND TRADED ALL OF THEM INSTANTLY. MY MOTIVE IS TO SHARE ALL , JUST STRUGGLING TRADERS CAN LEARN PRACTICALLY LOGICALLY TO VIEW PRICE MOVEMENT.I KNOW TOUGH TO LEARN BUT EVERY STATEMENT YOU FOLLOW CAREFULLY. ONE DAY YOUR STRUGGLE WILL BE OVER.
UBL may cross it's Major Supply Zone today: It's on my RadarHello,
It's Major Supply zone @ 1318-1320. If it will sustain above this zone then it will break the strong supply zone as well as a breakout of sideways zone.
Today it is on my radar for the long side but I will take a long position when it will sustain above 1823 otherwise I will avoid trading in this stock.
I mentioned my targets and stop loss in the chat.
Trade Well
BANKNIFTY BANK NIFTY TRADING BELOW LONG TERM TREND LINES ,
AND TRADING ABOVE BOTH 100
AND 200 DAY EMA ,
AND RETRACEMENT LEVEL OF 61.8 FIBO LEVELS
COMING AT 26701.5 MAY BE A VERY HARD RESISTANCE TO CROSS
AND WE MAY EXPECT 26700 LEVELS NEAR TERM TOP,
AND SEEING RAJASTHAN ELECTION WE MAY DROP FROM THIS LEVELS TO 25200 LEVELS........AND 22800
LEVELS IF POLITICAL SCENARIO PERSISTS,
MAYBE ( BJP LOSING ALL THREE STATES 1) RAJASTHAN, 2)MADHYA PRADESH AND 3)CHATTISGARH...... AND TELANGANA...
FEDERAL BANK NEXT MOVE WATCHING...FEDERALBNK MOVE RECTANGLE BEARISH PATTERN POSSIBLE MOVE IN DOWNWARD KEEP WATCHING...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Story about a sufferer who hasn’t become a millionaire in theendThe story about a sufferer who hasn’t become a millionaire in the end.
V.P.
The story about Satoshi who made of a wealthy man, two enthusiasts, who became instantly visited in millionaires, and one patience.
In one room lived programmer Satoshi. Satoshi came up with a bitcoin, and wrote the system code. Satoshi made his code open and provided an opportunity for anyone who is unintelligent or who doesn’t want to use their mind to write boring code to create their own cryptocurrency.
And before running his code into the open world, Satoshi decided to conduct an experiment in a separate room. He invited two persons to his room: Charlie Lee and Vitalik. They came to Satoshi and created their systems. One created Litecoin, not particularly straining took the bitcoin code and changing there a couple of options, started drinking beer and enjoying life. Vitalik was a geek, without beer he was creating a code. And he made the code better than Satoshi. But it does not matter.
In one room lived programmer Satoshi. Satoshi came up with a bitcoin, and wrote the system code. Satoshi made his code open and provided an opportunity for everyone who was not smart enough or didn’t want to use own mind to write routine code and create own cryptocurrency.
In addition, before rolling out his code into open world production Satoshi decided to make an experiment in an isolated room. He invited into this room two persons: Charlie Lee and well known now Vitalik. They came to Satoshi with beer and everybody created own system. One of them created Litecoin. He decided no sense to work hard simply took bitcoin code changed couple of options and started drinking beer and enjoying life. Vitalik was a geek and made code without beer. He created code smarter than Satoshi's code, but it does not matter for now.
Then they dispersed around the room with their laptops and started mining own coins. Satoshi mined 100 bitcoins. Charlie mined 100 litecoins. Vitalik mined 1000 etherium.
During the annoying mining process Vitalik decided to drink some beer with elder guys and headed to them. They were chatting about chicks. Chicks were not interesting for Vitalik, he lost interest to the discussion and started to play DotA. Teens from DotA snatched coins he had mined. In the morning with a hangover Vitalik recognised that something went wrong and made a hard fork.
Beer was over. The were no fiat money in the room but there were a lot of people with real bucks outside.
Crypto-enthusiasts invited one guy into the room and told him that bitcoin, litecoin and ether would be a new money and bucks would be just a paper. Guy was impressed by that news, sold his old Ford, took a loan and returned back to the room with 13 000 USD.
Great cryptocurrency trading begun.
Guy bought from Satoshi 1 bitcoin for 13 000$ and Satoshi’s balance became 13 000$ and 99 bitcoins with a CAPE at 1 287 000$. So, when pauper Satoshi sold only one bitcoin for 13 000$ he suddenly became a millionaire with a fortune 1 300 000$.
Then Satoshi bought from Charlie 10 litecoins for one bitcoin and it meant that 1 litecoin equivalent was defined as 1 300$. At that moment pauper Charlie became a millionaire with a fortune 1 300 000$ (990 litecoins*1 300$ + 1 bitcoin for 13 000$). Then it was time to make from pauper geek Vitalik millionaire too. They bought from Vitalik 1 ether for 1 litecoin and Vitalik got his 1 300 000$!!!
Satoshi realised that if he wants to save his real 13 000$ and stay do not get been beaten and fucked out by his friends make sense to hide bucks in his secret apartment at Chicago Futures Street 666.
So, finally we got one crypto millionaire with equivalent 1,3kk-13k$ out of the room, two crypto millionaires with total equivalent 2*1,3kk$ and one loser with 1 bitcoin for 13k$. who was still not realised that he became a loser.
To LearnTechnical analysis: Learn facts &train the mind to thinkTo learn Technical analysis , Learn the facts associated with market & train the mind to think twice.
The capacity to learn is a gift, the ability is a skill and the willingness to learn is your choice. No nobody compels you. Anyone who take breath can learn things. Every experts you see in this world, once they were beginners.
Every day is a learning day, the world is a university and every one is a teacher, and make sure, from every piece of information you get something to learn, then you will learn little by little. Be a rigorous observant. That is how complex things are working.
Only thing you need to understand is that the complexity of the subject you want to learn is very important. Say an example like cooking, suppose you want to learn. Get a recipe online, and collect your ingredients from the market. Make it, you are done.
You want to make it tastier??? Ask someone who is good in making that, with the guidance, you definitely can make your delicious food. I am sure about it. My life taught me this lessons.
But when you want to drive a car, the subject is changed, definitely you can’t go for a distant education program. You really need a real world scenarios with a good vehicle and a good Master guide to assist you. Then one day you can be a master or a kooker :D.
Maths is different. Complex engineering branches are far different. Science and human psychology is different. Art & commerce, then financial instruments, they are all entirely different world.
Individual capacity to take the risk and the emotion associated with it, is very very different.
Learning technical analysis is bit a complex dynamic ever evolving ever changing idea like knowing the real object from its shadow…. How can you make sure it when that, a real object, if is coming in a different costume???
For the example here, Nifty is like a deity, some time coming in a genii’s costume. Nifty an index is a composite of 50 stocks from very different sectors. The real world is far behind you.
Now coming to the learning part, you need a constant effort, regular practice and a never dying hunger a passion to get hold the spirit of it.
Don’t do the mistakes, trying to learning it from a two line chatting or from a 10 page email. There is no short cuts or it and no any cheat sheet working here.
Know want you want to learn, there are many methods, different approaches and a wide range of instruments trading in ,and a verity of tools to check them, So get connected to the people books and material associated to you interested arena. Start one by one, little by little, day by day, piece by piece and the core of it. Learn it every time. Then Come to the real world and see how it matches in live market. Make a trial and error approach every time. And finally when you finish you will be able to predict the market perfectly. And you know what would be your grade?? Forget your grade you didn’t start even. Like a testimony, I will say mine. There is always 50:50 chance my prediction come true.Even after a 20 years of follow up studies, and I am still learning lessons from the market. Now am free, I don’t need to learn a hard way anymore, market will teach me lesson every day, I just need to be calm and watchful carefully.
Because the market is supreme and no one can term it with in two line. It move its own way, as it likes. You better can follow the trend, and go with the market. You will be a successful trader investor one day.
BANKNIFTY- Possible Final Leg from 18723 Low- Happy Republic DayIn the truncated week with a holiday on 26th Jan2017. Wishing you all a happy republic day.
Hot keys for charts can be referred from tools vertical panel -question icon-keyboard shortcuts or image can be checked at i.imgur.com
Indian Chat room to talk with passionate traders & analyst across the region at in.tradingview.com
Analysis
This whole sequence goes into the bin if 20310 is taken out on top or these counts become invalidated.
A leading diagonal in wave-(1) from 20575 to 18825 is a rare structure where internal wave-4 is allowed to overlap wave-1 (the actual rule is wave-4 cannot overlap wave-1-which is allowed or relaxed for a leading diagonal structure).
Wave-2 is the most complex & looks like it is still unfolding in the form of W-X-Y internal waves.
Current position
We are in wave-Y of larger wave-2-- This wave looks like an irregular correction having internals ((a))-((b)) & ((c))
((c)) wave from lows@17605 has impulsive look having internals 1-2-3-4-5--- In ((c)) -it looks we have complete wave-4
W here wave-4 retraced 38.2% approx of wave-2-3 distance
Trading Strategy
We shall look for wave-5 which will complete wave-((c))- this wave ((c)) will complete wave-Y & finally wave-Y will complete wave-2
From close to 18720-18750's it was quite sharp up move@23rd Jan2017, but we will not hurry as we need to be sure that 18722 is not taken out to the downside -so,against 18722-we shall be looking for wave-5.
Important Junctures in Bank Nifty -how we captured some explosive moves in between since 20575 high has been attached below as "Related ideas"