Tried testing my strategy in excel so that in future this could be automated.
Learning of today: 1. Have patience........... more than 4 hours as long as your SL is not hit. 2. Have faith in your system, do not take short exits, let the market come to you.
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.
Day 4 of trading journal. Lizard brain made me tighten my stop loss and get out.
Recording the thought process and actions taken for analysis and improvement.
Day 2 of journaling my trading to see how I am doing, what is my thought process, recording it so that I can figure out where do I need improvement to trade better, make money consistently.
This is more like recording what I am doing everyday (right or wrong, mostly wrong I think) so that I can come back and see where I need to change, what I need to improve. I am using the Linear Regression for direction and checking extreme ends for entry/exit. I think that LRC is good for intraday trading since you get both the things on the screen. However,...
charts breakout in SUNTV and INDUSINDH BANK of uptrendline simple breakout and target done.
Hello and welcome to this analysis Bank appears to be in a lower time frame triangle suggesting the probability of a potential breakout. Off late has been an underperformer compared to other large private banks in the recent run in the banking sector. Extreme narrow range 1480-1540, broader range 1350-1775 Good opportunity to buy the dip and / or the breakout...
A big Green Candle on uptrend of 44 moving average with stochastic crossing 25 upside DAILY CHART BY ABOVE 1425 TGT 1485 SL 1367 DATE 5 AUGUST23
Indusindbank Looking Nice for next week looks for 1280 -1300 zones
Thanks to Trading view platform viewers and subscribers for appreciating, subscribing and following us channel. I have brought one stock for you guys that is #indusind
Indus Ind Bank is facing multi year resistance and price has already formed a double top inside the descending triangle. With the market looking very weak , this trade looks good to be taken with a risk reward of 1:5. Cheers. priceNpedia
IndusInd Bank Cmp 1070 dated 26-8-2022 1. Trendline Breakdown @ 1065 Sell Below 1065 for tgt of 1035-1025-995 SL 1105 It is just a view, pls trade at your own risk.
I will be shorting if it respects the trend line and wait for it to break 30 mins support for the entry.
Chance for a breakout because of fundamental reason. Because if it respects the weekly trade line, it might have a chance of false breakout; please be cautious before taking any trade.
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