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IGL trade ideas

IGL - Sharp Corrective wave = wave - Long side Setup.As many of you know, I spend much of my spare time analyzing markets. Yes, analysis is my day job, but it is also my passion. So, whenever the weekend comes around, I spend most of my time in front of the computer to study price charts. Month Line-Chart Using Line-Chart for identifying long-term trends. The primary trend is up. A price middle of the parallel channel and is falling downside. Your long side trade will be referred to as the main or primary trade setup. Month Bar-Chart The support at or near the lower boundary line at the parallel price channel. Sometimes, the middle line would work as support also. This is essentially what I work with support at the bottom line or middle line. A price is near the middle line or a little below it. A trend is a downside in the range of parallel channels. Important Numbers - Month Chart A Significant Flip range - 345 to 364 for counter-trade. Month price chart - Elliott Wave Analysis . As you can see in the price chart, I labeled using Elliott wave principles and recognized that a price is trading in the corrective mode. More importantly, the wave ((ii)) is exactly 61.8% multiple & wave ((iii)) is just beyond the 3.618 extended ratio but wave ((iv)) is deeper at 78.6% which is not a common or expected ratio on log scale. A wave ((v)) is extended wave. 2 Days price chart - Ending Diagonal: Therese important support for pull-back - 366-64/351 & 284. A sharp correction has been occur after Ending Diagonal is terminated. The Ending Diagonal is terminating wave pattern. In real-time trading, I'll create trade-setups utilizing above supports. For instance, I ll look for pullback entry in price range from 351 to 364 long side but during the trading hours i always focus on price action to take action. Let's check whole Ending Diagonal and its characteristic before moving forward. The aspect of the Ending diagonal is not many people familiar with Is it a timing component. Ending diagonal terminates the resolution of the pattern is occurs within 1/3 to 1/2 the time it takes the pattern to form. What does that really mean? In this price, you can see ending Diagonal begin to end time was 365 bar and I expected whole move complete in time 1/3 (at 121 bars) OR 1/5 (at 272 bars) period of time. This is very informative and time sensitive method you look up on ending diagonal. I am also trading and looking 15min time-frame when i take entry.
NSE:IGLLong
by Trade-Technique
13
Igl show weekness shartMy view on Igl chart Igl start correction 14 sep 2021 and first lag complete 29 oct 2021 type of part 5 wave igl start second lag 30 oct 2021 second lag complete 15 dec 2021 c wave start 16 dec 2021 c wave 5 lag hona chaiya Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use short hands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:IGLShort
by HARISHRAO99
2
IGLWait 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..
NSE:IGLLong
by Rvkachhadiya