Things to be kept in mind :
>> Take this trade only if Nifty is red in its pre-opening session.
>> Take this trade only if Powergrid opening price is equal to or lesser than previous day close.
>> Maintain strict stoploss as per risk appetite
>> Trade under professional supervision.
EUR/USD following suit with GBP/USD. Price absolutely rocketing towards that take profit after a pretty sketchy entry. Again price exceeded my maximum stop loss so I had to enter with a limit order instead of an instant execution. Currently locked in at 1:1 risk free with 1:2+ running.
(H1) - Break and retest similar to pound dollar, nice wick rejections.
(H1) - Break and retest on the hourly timeframe price pushed nicely into the key level and rejected with a wick.
(M30) - Nice double wick rejection at the key level, missed the initial entry so I entered a buy limit to catch a wick entry and luckily I was triggered in.
I like to limit orders to get ahead of indecision candles to catch potential bursts in...
Hi guys, I prefer to wait a bit before opeing any trades on Mondays. In this video i share some thoughts and trades I am looking at, on this beginning of a new week.
Take a look, let me know if you like it.
Currently sat at breakeven in my first position of the week. Still confident this trade will play out as expected, simple break & retest before price reaches the next high and hopefully continues to set new highs for the week.
Nice ascending channel forming on EUR/USD. I don't really trade chart patterns I only tend to look at market structure when looking for entries however, this is a little easier on the eyes. I am waiting to see how price reacts on this break and retest of previous structure which also aligns nicely with the channel.
Good morning traders, hope you are all having a fantastic morning.
Seen a potential triple bottom around the current low on the hourly timeframe. For me, based off my back testing and strategy I know that triple bottoms/ tops tend to give off good reversal signals as long as you target them correctly. The risk/ reward ratio I usually see off these are usually a...
I think everyone understands the pain these trades cause. Analysed, waited and executed. Price failed to come back to trigger me in before sinking into that take profit. Hope you are all having a fantastic and productive start to your week.
Apologies for being inactive for the past few months. I have been reviewing my trading and putting into consideration of how it fits my personal routine and made the decision to switch from H4&H1 to the H1&M30 and found this fits my routine a lot more. It's important to step outside the trading aspects and look into emotional plans and routines.
In the chart we can see nifty on near support level
Bulls can make position at 11620 with SL of 11560
Bear can make position after breakdown by 11525-11580
But personally i suggest bull trade
Note :- Do not go with my advice , study a trade !
Hello i am Zeel Goswami,
Here on my profile you can get best positional & swing trade