yesterday being the post budget day no entries we got. as per our consolidation theory the candle sticks should pass through minimum two consolidation lines. Yesterday it was so narrow and danced around one consolidation line. Thanks for consolidation theory for making me to avoid the entries.
Today is no cry day because we got three entries all...
today the session is as i predicted yesterday
But a good thing in the market is today the NIFTY AND BANKNIFTY the first one hour candle is green.
Therefore today we should not go for a short, being the budget day some volatility was there showin some false entries. Thanks for the consolidation theory which helped not to fall in the budget day...
Today is also a confusing opening as i written in my yesterday article that the nifty first 1hr candle opens in GREEN and Banknifty first 1hr candle opens in RED.
As usual nifty shows a FALSE uptrend and the third one hour candle could not breach the consolidation line 17419.62 (feb contract) the next one hour candle is a bearish candle, according to...
There will be a lot of confusion amidst the traders especially the Intraday traders in which direction the market moves for the day.
However it is Million dollar question, we can somehow predict the direction through which we can avoid the wrong entries. It means in a bullish market we can avoid taking short positions and in a bearish market we can avoid...
Sorry for no posting for the past couple of days.
The policy of trading view doesn't allow to post the screen shots of other trading platforms
I am also very hesitant to post the ideas without any screen shots substantiating my trading strategy
However i wish to post the idea how i trade
HOW WE TRADE (on 28.01.2022)
• Today the Nifty first one hour...
I wish to give you some important points to consider while you are applying Fibonacci retracement.
fibonacci retracement is a beautiful tool to know the target and supporting and resistance levels in a given day
But i have seen some wrong conceptions in fixing the fibonacci retracement levels in a given day.
Unless otherwise the fibonacci retracements are...
Today market is also so tricky. But our theory of consolidation helps us to take two entries with minimum profits. The first entry emerged after the 4th one hour candle which happens to be a "Doji" today the third one hour candle also happens to be a doji. so the market is so indecisive. Both the Doji's exactly falls on the Fibonacci 100% therefore our decision...
Really appreciate your reply. Thanks.
I m a fresher n looking forward to take up in Options only. Pls guide
The above comment is given by prashantphulke
All the best. I really appreciate your decision regarding taking up options.
Because trading in Nifty futures and Banknifty futures needs high investment. If you trade in weekly option contract ti...
I am happy to share this idea about the TIME FRAME in implementing the "The theory of Consolidation"
In any strategy the time frame is very important.
As I already said this theory and technique is more suitable for intra-day trading rather than swing trade or long term trade.
Therefore, time frame is very important for entry and exit. Here time frame...
Dear All to share
I wish to share some valuable information about the "CONSOLIDATION" and its significance in fixing a trade.
WHAT IS CONSOLIDATION
The proper meaning of the noun consolidation as per dictionary is
“the action or process of making something stronger or more solid”
The meaning of consolidation in share market is
“Consolidation is the term for a...
Thanks all for your response.
I assure this technique will help you all to earn decent returns. Decent returns means if you properly follow the strategy without any cross trading and reverse tradings you will get two cnances one is you will get one or two entries a day or otherwise no entry at all, in each entry we will get assured returns of 6 to 20...
I wish to introduce myself as M.Ramesh a qualified Chartered Accountant and interested in Research about the Movements of Derivatives such as NIFTY and BankNIFTY and commodities (crudeoil and Natural Gas) in intraday.
This is my self invented technique using the "Theory of Consolidation"
The "Theory of Consolidation" is an untapped resource in the financial...