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Why do people fail at trading? It is true that the success rate in trading is very less. You will find only a couple of good traders in a city. In my opinion it is due to the imbalance between two extreme emotions or personalities. One cannot understand or succeed unless a balance is created between them. All that is needed to create the balance throughout this...

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We all know that market moves in Phases. The four most popular phases are – 1️⃣Accumulation 2️⃣Markup 3️⃣Distribution and 4️⃣Markdown Mr. Wyckoff analyzed these phases further, esp. Accumulation and Distribution, to understand the price behavior for potential opportunities to trade/invest in the market. In this tutorial I am going to have a brief discussion...

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Gold and Silver is money, everything else is credit – JP Morgan Primary Uptrend This guy is not just flaunting these assets but the primary trend in this chart unearths the truth behind his statement. Really strong trend since our childhood – of course not fully visible due to data limitations. A furious rally started since March 2020 dip and took it to 56191...

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Hi 👋 There are always two potentially predominant scenarios possible in the stock market – Bullish and Bearish. Most people involved in the stock market like to read and appreciate the positive side of the market, that is bullish. This is because they always ‘Buy’ and never sell. Neither they sell to ‘Short’ the market nor to take profit 😉 This idea is...

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Hi 👋 In this post I would try to throw some light on the Price & Wave Volume relationship (popularized by late David Weis). This method may help trades in two ways: 1️⃣Ride the trend 2️⃣Picking the end of a rally I came across this chart randomly and found that there are a few principles that I can discuss with the help of this chart. Before reading any...

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✔Gold was holding 50200 since mid of May. It held this level at three occasions (see chart) but finally broke it in the mid of September. ✔So, a lot of traders who bought at 50200 support, with stop loss underneath this level, were shaken out in this breakdown. Most would have reversed their positions to short. Gold revisited 50200 in a retest attempt and this...

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Hi, I personally look for following scenarios while identifying potential tops and bottoms and it works most of the times. For tops: High volume bars with very little progress on the upside Exceptionally wide bars with very high volume For bottoms: High volume bars with little progress on the downside Exceptionally wide bars with very high volume This...

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Hi all 👋 this is my current take on Nifty. ✅Nifty failed to break out of the resistance line, which I have stretched from October 2021 highs, at two occasions, that is in August and September 2022. There was a breakout of the 18000 level but this break failed near April 2022 swing highs. Thereafter, Nifty had a vertical reaction in September. ✅This reaction has...

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Range bound market is a very common scenario. A range comprises an upper boundary and a lower boundary. You would be able to draw a rectangle by connecting these boundaries. The market starts oscillating with in this rectangle. Ultimately the fight between bulls and bears ends with a breakout in one direction. New traders are often confused about the target in...

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Hello traders, Here are few observations on Nifty that I would like to share with you. ✅ Tools Used >> Bollinger Band (BB) (20,2) >> RSI (14) >> Candlesticks Chart (Daily) ✅ Reversal Trade Setup Criteria >> Price outside the BB for the second time with a higher high (HH) or lower low (LL) formation >> While price is outside BB for the second time, there is...

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Hi 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....

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✅Almost all traders read books and tutorial over the internet regarding technical analysis and patterns. After reading a lot of literature, traders start believing that some patterns ought to work 100% of the times. But according to my personal experience, this is just a mistaken belief. ✅The chart patterns are based upon human psychology, which the pioneers of...

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Hi, This idea is about the very promising ABC pattern and the most optimal ways to enter into this pattern. ✅ABC Pattern This is considered as a continuation pattern. There has to be a strong trend up/down in the background. Wave A: Minor correction against larger trend, usually not more than 5-10% Wave B: Another attempt to push the price higher but could...

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Hi, In this idea I will try to throw some light upon the traders' favorite tool, that is trendlines (also known as dynamic support and resistance). Trendlines represent the direction of trend- up or down. They also indicate the strength of the trend. Steeper trendlines means more momentum than a less steeper trendline. The following discussion would focus mainly...

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Hi This is my first video idea on this website and this is about adding watchlists. I have tried to keep things raw and simple so that everybody understands it. There might be some other methods, of course, for this purpose but this is the one that I prefer to use. This method works in India and I have taken reference lists from the NSE India website. Excuse me...

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Triangles are very common and promising patterns. Normally they are considered as continuation patterns in the direction of prevailing trend. I am presenting here three useful entry techniques. None is better than the other and each one has its own strengths and weaknesses. ANTICIPATION SETUP As the name suggests, the trade is taken before the triangle...

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Hi You must have often heard that a resistance once taken out could act as a potential support level. Let us see through this chart how this happens. Firstly there is a strong resistance zone on the left bottom of the chart, which is also 2019 high. Price took a knee jerk reaction from that level. Many traders would have bought near the highs in a bull market but...

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There are three types of technical indicators that I have listed in this post- Trend, Momentum and Volatility . This is not an exhaustive but selective list of indicators. The selection is based upon the most useful and the most popular ones. 🔊 General Definitions ✔ Trend Indicators : They represent the overall direction of the market. These indicators lose...