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Reversal Chart Pattern: WedgeWhat this chart pattern shows us is a loss of trend strength and a deceleration in price movement. The most achievable projection for setting our take profit will be the maximum width of the pattern, which occurs at the beginning of it. Alternatively, you can take the level that marks the start of the correction as a profit-taking point. As for the stop-loss level, it will depend on the type of entry made in the trade, whether it's a high-risk entry or a reduced-risk entry. (Like any other pattern or indicator, this one provides a signal of a possible market move. Therefore, the greater the number of confluences, the higher the probability that the observed scenario will occur). 💼💹 (🇮🇳)
Education
by JRiquelmeTrading
Axis Bank stock technical analysisIdea: I am bullish on Axis Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 990. I am looking for the stock to reach a target of 1050 in the next 2-4 weeks. Entry: I would enter a long position on Axis Bank above 990. I would use a stop loss of 985. Target: My target for the trade is 1050. I would exit the trade if the stock closes below 985. Risk: The risk on this trade is 50 points, or 5% of the stock's current price. Notes: This is just a trading idea and not financial advice. Here are some additional factors to consider when trading Axis Bank: The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for Axis Bank to break out of its current trend. The news flow. Any negative news about Axis Bank or the banking sector could weigh on the stock price. Please do your own research before making any investment decisions.
NSE:AXISBANKLong
by TRADING-NASA
The importance of using different TimeframesWhen visualizing the market and conducting technical analysis, it is crucial to interpret different timeframes. Multi-timeframe analysis can enhance the probability of success in our trading by utilizing support and resistance levels from higher timeframes than our base timeframe. It is also useful for identifying candlestick patterns in other timeframes and assessing their alignment with other signals observed in our analysis.
BMV:CEMEX/CPOEducation
by JRiquelmeTrading
Chart pattern: Head and Shoulders (H&S)The Head and Shoulders, from now on referred to as H&S, is a chart pattern used in technical analysis of stock markets. It is a pattern that indicates a reversal, signaling the end of a trend and the beginning of a new trend in the opposite direction. It is one of the most important and widely used patterns due to its high reliability and the number of required implications. However, this does not mean it is infallible, as its success rate is around 70%. Regarding its potential projection, if the price breaks below the support line after the formation of the Right Shoulder (RS), the range between the maximum price of the Head (H) and the support line is measured. This distance is then applied to the breakout point, as shown in the image, to obtain the minimum pattern projection.
Education
by JRiquelmeTrading
the psychological aspects of tradingTrading 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: Discipline refers to the ability to stick to a trading plan and to avoid impulsive decisions. This means having the self-control to follow rules and protocols, even when emotions are running high. Without discipline, traders may be prone to taking excessive risks, deviating from their trading plan, or making decisions based on fear or greed rather than logic. To cultivate discipline, traders should create a solid trading plan that includes entry and exit strategies, risk management guidelines, and a clear set of rules for managing trades. Traders should also learn to recognize their own patterns of behavior and take steps to avoid making impulsive decisions. This might involve taking breaks from the markets when feeling overwhelmed, or seeking support from a mentor or trading community. Patience: Patience is a critical aspect of successful trading. In an industry where time is money, traders may be tempted to rush into trades or make quick decisions. However, impatience can lead to poor decision-making, as traders may not take the time to fully evaluate market conditions or consider all available information. To cultivate patience, traders should learn to embrace the idea of waiting for the right opportunity. This means being willing to sit on the sidelines and observe the markets until the right conditions arise. It also means being comfortable with the idea of missing out on potential trades, as not every opportunity is worth pursuing. Managing emotions: Trading can be an emotional rollercoaster, with highs and lows that can take a toll on even the most experienced traders. Emotions such as fear, greed, and anxiety can cloud judgment and lead to irrational decision-making. As such, it's important for traders to learn to manage their emotions and maintain a level head when making trading decisions. To manage emotions, traders should take steps to cultivate emotional intelligence. This might involve learning to recognize and label different emotions, developing coping mechanisms for stress and anxiety, and using mindfulness techniques to stay present and focused during trades. Traders should also be aware of their own emotional triggers and take steps to avoid situations that may cause them to act impulsively. In conclusion, trading is both a technical and psychological endeavor. By cultivating discipline, patience, and emotional intelligence, traders can increase their chances of success in the markets.
by Rohit_Fx
The one and only Cartel Blue Inc. makes irresistible hemp cigarsAn alternate method for growing plants in soil is hydroponically. The hemp crop is instead grown in mineral-rich solutions, with the roots either suspended in the solution directly or supported by a substrate like pebbles that the liquid may pass through. Hydroponic systems, which are employed by specialized businesses like Cartel Blue Inc. (OTC: CRTL), provide hemp growers more control over how their crops develop. The hemp used in Cartel Blue’s hemp cigars is grown hydroponically in a strictly regulated environment and further hand-rolled to offer you the best taste you could ever get. CRTL has understood the CBD market’s extent and the fruitful prospects it carries along. To secure a significant market share, the company has developed a competition-resistant product line called hemp cigars. The hemp cigar developed by CRTL reflects the company’s authenticity and experience in the market; it is 100% organic and nicotine-free in every sense. CRTL is a steaming hot topic in the CBD space, as their products are bestsellers everywhere from small convenience stores to 711s and hemp cigars have turned out to be a people’s champ. The company is slowly advancing towards its mission to disrupt the industry with a clear vision to occupy a safe position in the growing boom. CRTL has everything a small business must have: the brand, the customer base, the volume, and the vision, and its demand in 2023 has already hit its peak, with more shipments left for the coming quarter. The shares are back at the desired price of $0.00115 with firm support and will zoom past analyst expectations in the coming days.
OTC:CRTL
by dasranc777
How to trade forex without blowing up accountMany people including me start as a gambler in forex trading and trade until they lose it all. But this can be avoided and a consistent income can be generated through forex trading if we follow few rules (no rule is perfect, I have made them using my exp, they might not be same for you) -Maintain journal note book -always enter target and SL or trailing SL in the system before entry itself to remove emotion from trading -Don't get greedy and always have realistic targets -Avoid overtrading -Avoid trading during events unless you are sure -Trust your system and instinct -Remember you cant be rich in single day and treat trading as business -Exit market after achieving target or SL Guys I tried my best to add points I could recollect. Add points if you have some in comment box
by priyanshu1132001
The Fibonacci Game!After the yesterday's 160 pips fall, EURUSD took great support at $1.0776 - $1.07574 levels for a good 78 pips pull back therefrom. Saw some rejection, Retraced 50% and ended up forming a wedge with a $1.07970 low and $1.08236 high. There was quite a resistance at $1.08070 levels, Breakout therefrom made the high of $1.08236. (Which happens to be the 61.8% Retracement level too). When I got to my desk, This whole story was already in play. Price was travelling near the $1.08070 levels and thanks to the buying pressure reflected by the long wick and a hammer candle, which made the entire set up look like a re-test. 1) Getting some decent 1.95 Reward to Risk. 2) DXY seeking resistance at 100.49 levels and preparing for a quick Immediate fall. 3) Buying pressure at 61.8% retracement level. 4) Making higher highs - higher lows on a shorter timeframe. These were the reasons for me to put on this quick trade for 13-14 pips. It's just so amazing to see the way Fibonacci levels play out even on such a shorter timeframe. Fun Fact (Just in case you didn't know) - Fibonacci Sequence was first discovered by an Indian mathematician Acharya Pingala.
by pranay0508mishra
MARKEY CYCLES PSYCHOLOGY | EMOTIONS & COGNITIVE BIASES All markets go through cycles of expansion and contraction. 📈When a market is in an expansion phase (an uptrend), there is a sentiment of optimism, belief, and greed. Typically, these are the main emotions that lead to a strong buying activity. Sometimes, a strong sense of greed and belief overtakes the market in such a way that a financial bubble can form. In such a scenario, many investors become irrational, losing sight of the actual value and buying an asset only because they believe the market will continue to rise. They get greedy and irrational by the impressive bullish movement, expecting to make huge profits. As the market gets heavily overbought, the local top is created. In general, this is considered to be the point of the highest risk. In some cases, the market will start a sideways movement while smart money steadily sells the asset. This is also called the distribution stage. However, some markets don't present a clear distribution stage, and the downtrend starts sharply after the top is reached. ➖➖➖➖➖➖➖➖➖ 📉 When the market starts reversing, the euphoric mood can quickly turn into complacency, as many traders refuse to admit that the uptrend came to an end. As prices continue to fall, the market sentiment quickly moves to the bearish side. It often includes feelings of anxiety, denial, and panic. In this context, by the anxiety we mean the moment when bullish biased market participants start to question why the price is falling, which soon leads to the denial stage. The denial period is marked by a sense of unacceptance. Many investors keep holding their losing positions, either because "it's too late to sell" or because they want still believe that "the market will come back soon." But as the prices drop even lower, the selling wave gets stronger. At this point, fear and panic often lead to what is called a market capitulation (when holders give up and sell their assets close to the local bottom). Eventually, the downtrend stops as the volatility decreases and the market stabilizes. Typically, the market experiences sideways movements before feelings of hope and optimism start arising again. Such a sideways period is called the accumulation stage. ❤️Please, support this idea with a like and comment!❤️ ⬇️Subscribe to my social networks!⬇️
OANDA:XAUUSDEducation
by VasilyTrader
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