The majority of short-term trading results are just random. In the long term the money ends up with those that can trade and manage risk.
Why Risk Management is Important?
People who don’t follow Risk Management they can blowout their account easily.
For instance, they are taking 20 % risk of trading capital, then only 5 wrong trade can blow their account....
Hello Traders, in this post I will be talking about our entry signal which we will use in our strategy.
Most of us already know about candlestick pattern but we don’t apply in proper manner. Firstly, we should use candlestick pattern in Support and Resistance or Trendlines that’s where it provides good entry point. Secondly, size of candle is important compared...
Support and Resistance
Hello Traders, I will be discussing about Support and Resistance area in this part, which is backbone of Price Action trading.
What is Resistance area?
Resistance is a horizontal area on a chart. Where price experience selling pressure and tends to move down.
What is Support area?
What is Price Action Trading Strategy?
Price action trading is about understanding the imbalance between buying and selling pressure so that you can identify trading opportunities and make a profit.
Before we discuss about Entry, Exit and Stop Loss Signals, I would like to tell you some basics about the Market Structure, Support and Resistance and Candlestick...
Hello Traders, This week Omnicron, FED Tapering, GDP Data and FII selling are the major news for the market and for the next week RBI interest decision, Industrial Production will be the key economic indicator whereas Omnicron and FII selling will be daily concern.
Why Fibonacci Tools?
Fibonacci tools can help traders to determine upcoming support and resistance areas.
Unlike other indicator which works on historical data and mathematical calculation considered to be as Lagging Indicator.
For Example: MACD, Stoch RSI, Bollinger Band etc.
Where as FIBONACCI tools does not come from any formula and historical data, it is...
Hello Traders, NIFTY is Trading at Important level we can expect Reversal or Trend Continuation at this zone , our action plan will be if Market open GAP UP and sustain 17.2K price and INDIA VIX Below 18 we can Initiate Buy or else we can look for Sell opportunity.
Hello Traders, Next Upcoming Trading Session is Important for BANK NIFTY, as chart shows it is going to retest TRENDLINE and FIBO 23.6 Lvl, We can Expect market to move in Continuation or TREND LINE is going to BREAK, our plan will be closely watch PRICE action at this level and take suitable trade.
Hello Traders, US stocks falls around 2 % and US VIX shoot up 18 % after FED statement on speeding up Tapering, which increase interest rate in upcoming months. It implies there will be High Volatility today in NIFTY and FII will continue SELLING in upcoming weeks.
As mentioned in Previous Trading Plan 17600 and 17300 is Imp Levels and Market form Price Action at those levels and can take trade easily and TGT will be SWING HIGH or SWING LOW, Same Market Levels for Today Session let Market Come to Our Level then we will Decide Whether to Go Long or Short
Hello Traders , I marked Important Levels so our trading plan will be enter at retest and Exit at Swing high/low , confirmation will 15 min close and candle formation which signifies who enters to market.
Hello Traders, market looks taking support at 36800 so our Trading Plan will be wait for price to come at support level and look for price if below support and spending time with 15 min closed candle can go for SHORT with immediate next Support as a TGT, For today session buyers are stepping in at the end and im thinking market will GAP UP tomorrow so avoid taking...
Hello Traders, Today 17600 Level is very important Support in weekly as well as in daily chart we need look out for Price Action at this level if market sustain below this level we can Short and Exit at Swing Low don't hold for Short Trade it can be trap so don't be aggressive.
Hello Traders, Market is looking weak so be careful for creating any Bullish Trade, if market stays green for next few session look for BIOCON for buy as FIBO Support and Support zone favours buying opportunity.