Current consolidation of the price will give us big move in coming days. Trades needs to book some profits at demand and supply zone below and above the price. Looking at momentum one can decide whether to trade demand and supply zone also (after we touch or close zones) Have a trade plan, if you don't have one then don't trade.
Taking EURUSD chart as a example. Wanted to share simple and effective trading system with all, I use this system many times with some added filters which increases the winning ratio. I am sharing the basic idea, any trader can use the base for any chart of any instrument. Basic rules are as below. 1. Trade long or short whenever price trades above or below...
We are in strong up trend, Todays close was in the supply zone, which can give us nice trade setup. We may experience the sideways move in the market , in such move trading setup and following the same will play key role. Aroud 11th Jul 2016 and 22nd Jul 2016 we may see the short term trend changes. Levels for the trade are mentioned on the chart.
We are at important point, if price closes below Gann arc then demand zone below price will become important zone to trade on daily chart. We have formed the higher high and higher low in recent past, but we are not out of down trend. One can use the chart and the levels to trade, every Gann line and arc can work as support or resistance.
In Part one we have seen the movement on half hourly chart and market moved according to our expectation. Lets check the daily charts. We are at the 61% of all time high to 52 week low move. Daily chart is suggesting that we have tested the levels and tried to retest it, but we got restricted at 8257. If we ignore the news part or global events like Brexit...
Observations are mentioned on the chart. With this analysis i am not trying to predict top or bottom or future direction of the market. With this analysis i am trying to share the idea of different ways of doing analysis, i hope it will openup new ways by which you can do analysis of your own.
Wanted to share the view on nifty before few global events which will take place in coming weeks. Intention of this analysis is how you can keep your self ready for volatility which will come in. Approach 1 - Don't look at news and just follow the charts and you will be home. Approach 2 - Be aware of important dates in financial and political arena, Take...
This is the trading plan for Axis bank. Share is moving in up trending channel, price has broken structural highs on daily chart. Shorting such up trending share will be risky. Supply zone, Momentum Indicator, Gann line and candle stick analysis to take short or long trade. If we close above current supply zone the one can long share keeping the next...
Shared chart is the road map for bank nifty movement for next few weeks. we have supply zone at 17859 to 18000 127% of Fibonacci level is also clubbing with supply zone. All green lines are Gann square lines derived from different numbers, price is responding to these line nicely. One can use these lines for stops or targets. Red and Green zones are supply...
ICICI bank trading map, use lines as support and resistance. Momentum indicators and candle stick pattern can be used to enter and exit trades.
Every line on the chart represents support or resistance. Vertical lines are time lines where trend may change. One can use this chart as trading map for next few months. This Gann square-3.00% chart can be used in standalone way or with other trading strategies like. Candle stick patterns, demand supply zones, Momentum indicators, Fibonacci ratios, trend...
Every line on the chart represents support or resistance. Vertical lines are time lines where trend may change. One can use this chart as trading map for next few months. This Gann square chart can be used in standalone way or with other trading strategies like. Candle stick patterns, demand supply zones, Momentum indicators, Fibonacci ratios, trend channels...
1. Green Lines\Arch - support areas where price can take support 2. Red Lines\Arch - resistance areas where price can get resisted 3. Blue lines - Lines where price can take support/resistance One can use this chart as trading map for next few months.
Use the chart as trading map for US30. 1. Green Lines\Arch - support areas where price can take support 2. Red Lines\Arch - resistance areas where price can get resisted 3. Yellow Lines - Trend changers 4. Blue lines - Lines where price can take support/resistance One can use this chart as trading map for next few months.
As we are out of down trend channel and forming swing highs and swing lows stock looks in good up trend, but I am not convinced with the move, reason being DMI and CMF both are not supporting the up move. I expect stock to correct from supply zone just above CMP. If we get out of up trend channel then that will be the conformation of correction. Levels...
TCS is out of down trend channel formed on daily chart, price is moving up forming new swing highs and lows which is good sign. In short trade one can book some profit around 2309, if price continue current short term up trend then one can hold the position till supply zone.
There are several methods of plotting price channel, in my opinion drawing it from closing value is more logical when we are looking at long term charts. Considering this we are out of recent down trend channel and yet to close above main down trend channel, the supply zone and channel are crossing each other just above current price. we can expect very...
This view is dependent on Fibonacci time and price analysis. Comments are shared on the chart. One may laugh at the chart, as this is extremely bold attempt to predict the index. :-) Hit like if you agree.