Bravetotrade

Bravetotrade Mod Updated 

A bearish pattern in the formation..Also pattern PRZ confluence with the resistance trendline. Bearish reversal pattern in the zone triggers short. See the chart for detailed view. Don't forget to hit like and follow. Trade safe, be healthy. Regards Bravetotrade

Bravetotrade Mod Updated 

A move below 591 before the neckline breakout will negate the pattern. Pattern will be in action above the neckline. I Will be looking for breakout: pullback-retest-reversal (PRR) type entry..see post below to read on trading confirmations. Also see.. For targets, one can try traditional as well as contemporary approaches..see post below on H&S...

Bravetotrade Mod Updated 

Notes on the chart. Its a counter trend trade so the risk involved is anywhere between Moderate to High. Hit like, comment and follow. Trade safe, be healthy. Regards Bravetotrade

Bravetotrade Mod Updated 

This pattern is different. As we observed in the previously discussed patterns, the C point never extended beyond point A. But this pattern is formed when C point extends beyond A. Rules: 1. X-A: A strong leg which ends at an important Support/Resistance level. 2. A-B: Point B should be between 38.2 to 61.8% of X-A leg 3. B-C: The leg which makes this pattern...

Bravetotrade Mod Updated 

Type of Trade = Aggressive buy Why Aggressive? 1) CC' = YY' already complete (see labels on chart); 2) XAB to BCY' is a 61 bar cycle, which is also complete; 3) Stock reversing from the above two price and time levels. Why buy then? 1) The bat pattern will complete at around 574 PRZ; 2) There seems to be one more wave left which could take the stock as...

Bravetotrade Mod Updated 

Two serious problems in trading, which each one of us has faced at one stage or the other -- Greed and Fear. Most of us are still struggling with these issues. According to Wikipedia Greed is an inordinate or insatiable longing for unneeded excess, especially for excess wealth, status, power, or food. Simply put when the trader do not take profits at...

Bravetotrade Mod Updated 

Yesterday I was trapped in NBCC and suffered small loss..see >>> So the stock was already on my radar. Today, my buy setup was to wait for closing above 255 (my psychological key level yesterday) on 5 min. chart and enter above this closing candle. After few hiccups in the morning, there was a closing above the key 255 level @ 255.35. So my entry was at...

Bravetotrade Mod Updated 

Trading @ 254.70 when the sock came to my notice. Took some intraday support from 253-253.70 and had been consolidating for some time in 254.10 to 254.80. I looked at the daily chart, it was positive uptrend. I looked at the tape. There was huge seller @ 255 which the buyers were absorbing as the stock completed consolidation on 5min. chart. I wanted to take the...

Bravetotrade Mod

Trade Safe, Stay healthy. Regards Bravetotrade

Bravetotrade Mod Updated 

Index had a long awaited breakdown and an unexpected failure of that breakdown. Normally such failures are followed by sharp rallies, due to short covering, and the current up move has shown this characteristic. Where to buy ? As per this count, buying signal near 10100 minor support zone is required for initiating longs. What could be the targets?...

Bravetotrade Mod Updated 

Hi, Sharing with you one of my favorite BO failure pattern. What is this pattern? It can be called as a topped out or bottomed out pattern. Which does not mean at all that the stock would start a major correction from this failure but only hints dying buyer interest. Many a times the stock see sharper pullbacks due to exits of the late bulls trapped in the BO...

Bravetotrade Mod Updated 

Put 10k in the market, buy stocks worth 50k or more on leverage and sell at 1k profit which is 10% profit on the investment capital..That's amazing!! Isn't it? The bad part is, the anomalies to this hypothesis adversely impacts more than 90% of time. And the so called 'better business' turns out to be a losing affair for more than 90% of our trading community. ...

Bravetotrade Mod Updated 

READ CAREFULLY TO LEARN AND EARN Strategy backtested below for two years from 12/2/2014 to 12/2/2016 Rules: Only Long tardes when 55 EMA is above 200 EMA Only short trades when 55<200 EMA Time Frame 1H Long Entry Preconditions: Price above 55 EMA Positive Divergence seen on MACD signal line (for High probability Entries) MACD histogram above zero...

Bravetotrade Mod Updated 

Notes on the chart. I ll try to put some examples..depends on response. Do hit Like and comment. Trade Safe, Be healthy. Enjoy the weekend. Regards Bravetotrade

Bravetotrade Mod Updated 

Let's discuss.. Intraday Traders are losers Ohkay..let me mend this statement a bit. " The Indisciplined Intrday Traders Are Losers "..now it seems correct. Not just in trading but in any field of life, if one is not disciplined he will be a loser. Then why such hate for day trading..well !! we live in a free country and everyone has right to speech and...

Bravetotrade Mod Updated 

'If' the stock breaks the bullish trend line, it would not be a good sign for bulls. In that case, bears can put the butterfly in action below 132, and the stock might taste 115 and 97 in near future. A potential reversal can be expected at 92-97 zone. Trade Safe, Be Healthy. Hit Like if this information is useful. Regards Bravetotrade

Bravetotrade Mod Updated 

For a brief overview about harmonic pattern fundamentals, first go to the Post 1 of this series (link will be soon in the update section). THE BUTTERFLY PATTERN The pattern is recognized by the exclusive 78.6% of XA retracement at point B; and the 1.27 XA projection at point D. X-A: A strong leg which ends at an important Support/Resistance level. A-B:...

Bravetotrade Mod Updated 

EURUSD broke out of a triangle pattern in Jan2015 and thereafter it consolidated in a range from 1.04624 to 1.14667 before breaking down in Dec2016 and Jan2017. The pair however faked the breakdown, trapped the bears and rallied. Where this pair is heading now? Although the pair has retraced more than 61.8% of the large bull run from Dec2000 to Jul2008 yet I...