Get started

Trend

TATA CONSUMER PRODUCT Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
Editors' picks
NSE:TATACONSUMLong
by Rvkachhadiya
22
Gold Coming at a Important Price LevelGold is Giving Contradicting Signals at The Moment : Bullish Case : 1. COT Reports are Bullish 2. Weekly Momentum is Still Bullish Bearish Case : 1. Decline on Daily Chart Looks 5 Wave 2. Daily Momentum is Still Bearish What to do then? 1. On Weekly Charts 1650-1675 Area is Very Crucial- It has horizontal solid Support Line, My Channel Bottom and 200 week MA support 2. It may just go Below 1670 to complete ABC Structure 3. So watch this area carefully - Make or Break for gold 4. BUT looking at COT Reports, i will be biased for Longs and wait for Daily Momentum to turn UP.
COMEX:GC1!
by PradeepRajput
EURUSD rebound needs validation ahead of Eurozone inflationHaving refreshed the multi-year low the previous week, EURUSD rose during the last two days. That said, the pair traders await flash readings of Eurozone inflation data for August on Wednesday for fresh impulse as they poke a two-week-old resistance line, around 1.0050 by the press time. If the data manages to propel the prices to cross an immediate hurdle, the 100-EMA level surrounding 1.0075 and the 1.0100 threshold will act as the last defenses for the sellers. It’s worth noting that the pair’s upside past 1.0100 enables buyers to aim for the 61.8% Fibonacci retracement level of August 10-23 downside, near 1.090, wherein the mid-August swing low of 1.0121 may offer an intermediate halt. On the flip side, the 0.9980 and 0.9950 levels can offer nearby support to the EURUSD pair during its fresh declines. Following that, the 19-year low marked in the last week at around 0.9900 should gain the market’s attention. Also acting as the downside filter is the 61.8% Fibonacci Expansion (FE) of August 12-26 moves, near 0.9860. Elsewhere, steady RSI and the sluggish MACD signal that the bears are running out of steam. However, it all depends upon the Consumer Price Index (CPI), recently known as the Harmonized Index of Consumer Price Index (HICP).
by MTradingGlobal
How to Draw Trend lines In a ChartSteps To Follow - 1- Open The Chart In DTF (Daily Time Frame) 2- Switch To Line Graph To Capture CLOSING PRICE Of Stock 3- Now Take Trend Line From Your TOOLS and Construct A Trend Line (Joinig the CLOSING PRICE of Stock) 4- After Constructing The Trend Line ( SEE ALL POSSIBLE CLOSSING PRICES IN THE CHART ) 5- Now Switch to CANDLESTICK CHART 6 Now see where your stock price moving ( IF IT IS AT GOOD TRADE ABLE LEVELS THEN INITIATE YOUR TRADE AS PER YOUR SETUP ) NSE:DYNAMATECH
NSE:DYNAMATECHEducation
by adityagupta1
AUDUSD prepares for more downside below 0.6900AUDUSD reversed before the 100-DMA hurdle on Friday. The bears, however, jostle with the five-week-old horizontal support area surrounding 0.6860-50 afterward, a break of which could quickly drag the quote towards May’s low near 0.6830. It’s worth noting that the pair’s downside past 0.6830 could have an intermediate halt around the 0.6800 round figure before directing the bears toward the 0.6680-70 support zone comprising the lows marked during September 2019 and July 2022. Alternatively, recovery moves may initially poke the 0.7000 psychological magnet before attacking the 100-DMA resistance, around 0.7030 by the press time. Even if the quote rises past 0.7030, the 200-DMA level near 0.7130 and the monthly high of 0.7136 will be crucial for the AUDUSD bulls to tackle to retake control. Following that, an upward trajectory towards June’s peak, close to 0.7285, can’t be ruled out. Overall, AUDUSD bears are in the driver’s seat and are riding towards the yearly low.
by MTradingGlobal
Trading Style verses Trading TimeframeHi all 👋 We all know about three types of trading styles -- investment, swing trading and day trading. Yet most traders remain confused when it comes to trading timeframes. Through this post I just want to eliminate this confusion once and for all. Let us understand some basics.... ✅ Anchor Chart This is the chart used to determine the trend of the market. It conveys a trader whether the market is in uptrend, downtrend or sideways. It sets a bias for the trader. It also conveys us the information about the major support and resistance levels. These levels may provide excellent trading opportunities in future. ✅ Trading Chart Now that we know the trend through the Anchor chart, we have to take our trading decisions. Anchor chart is too big to take trading decisions. Reason being your stop loss would be too wide if you trade on the basis of Anchor chart, so we have to shift to a lower timeframe. This time frame is usually 4-5 times lower than the Anchor chart time frame. This lower time frame helps a trader to pinpoint his entries and decide upon his stop-loss to avoid unacceptable losses. Also minor support and resistance levels are more clear on this chart. ✅It is your trading style which determines your trading timeframe. For more clarity, refer the chart above. ⏰ Bro tip 🚩Anchor chart helps you to trade in the direction of trend. 🚩When the trend is up on the anchor chart we should look for only buy set-ups on the trading time frame. 🚩When trend is down on anchor chart, we should look for only selling opportunities on trading time frame. 🚩When trend is side ways, buy at the support and sell at the resistance. Hope this post will be useful for some traders and to the very least reduce the confusion regarding timeframes. Thanks for reading @Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
5