vorayash05

vorayash05 Updated 

The markets were/are in a state of frenzy. Any strategy with a long bias would have had a positive expectancy, even the ones that don't have an edge. It is vital for traders to build good habits because bull runs don't continue forever. Right now, you can buy the highs and still get away with it because the market is flush with liquidity and inexperienced, new...

vorayash05 Updated 

One thing that is a problem for novice traders is the lack of repeatable trading setups. Manually scanning through charts every day is counterproductive. One might take a trade just for the sake of it if they do not find anything worth trading. This pattern can be scanned very easily on charting platforms. Lack of patience is very real during early days as a...

vorayash05 Updated 

I don't really believe in support and resistance. Quite often you'll hear people say I should have held on to my winner or something like that. This is anecdotal evidence of the unreliability of support and resistance. Human beings are wired to see patterns on charts even when they don't exist. I would add evidence about how support and resistance are mere lines...

vorayash05 Updated 

My trade recommendations are always meant to be educational and never investment advice. Losses incurred on the trades are entirely your responsibility and not mine. The only reason I put real-time education tutorials is to prove that I am not a scam. Breakouts are always a tricky trade but it is one of the old TA patterns that still has an edge. Breakouts are...

vorayash05

Not every Keltner pierce is made the same. There are some minutiae you need to pay attention to. Here are some illustrations to help you out. The big moves that followed weren't necessarily predicted by the Keltner channel but that doesn't mean we can't profit off of it. Whenever one is trend trading, it is better to let the profits run so one doesn't...

vorayash05

Edges in the market erode all the time. New technology and information will never stop flowing in the market and we have to evolve all the time. Traditional chart patterns have no statistical edge and it is very important to use tools that can be tested statistically. One of the most important and never-talked-about statistical parameters among popular gurus is...

vorayash05 Updated 

Breakouts are one of the classic patterns that make probably work. One way to identify whether what you bought is a breakout is a rapid price moment away from the level and/or volume spikes. The reasons for trading breakouts are fairly straightforward: 1. Technical Analysis is a self-fulfilling prophecy so for a pattern to work, everyone has to take the same...

vorayash05 Updated 

Do not take positions without your own due diligence and taking positions based solely on the work of other traders eventually ends up in a loss. This is meant to be a real-time education tutorial and I should not be held responsible for any financial losses incurred in trades. Use this information for what it is- learning. As always, investments are always...

vorayash05 Updated 

Everything has been explained thoroughly in the chart. If you have a comment related to price action/Fibs/Trendlines it will not be replied to. This is meant to be a tutorial for semi-systematic traders only. I have hidden my Keltner channel indicator to reduce an already cluttered chart but it has a very important place in my trading system. I hope to explain it...

vorayash05 Updated 

I wouldn't suggest anyone blindly take positions with me, I am just sharing my work. Investments are subject to market risk and this is not a trade recommendation. This is a very aggressive buy so I may get stopped out. But I am experimenting.

vorayash05 Updated 

I am a semi-systematic trader and my pattern scanners will more often than not look for the same patterns. After my MHRIL trade, this one is slightly different although the underlying principles remain the same. So every trade posted here will have nuances that must look out for in a breakout trade and I will try my best to explain them.

vorayash05 Updated 

This tutorial is meant to simplify trading breakouts, avoid getting stop-probed, busting some myths and the logic behind breakout patterns. This is my first article any sort of feedback is welcome as long as it is civil.