as a TA practitioner ur one and only aim should be to find a solid support and resistance - when price comes near support go long and when price comes near resistance exit/short with SL.
rest what's happening in the world — it shouldn't bother u.
after all, this is how an automated software works.
cut ur emotions.
who says what - doesn't matter.
after all, u have to understand - no one knows nothing.
market is was and will be unpredictable.
#kacharts
after all, this is how an automated software works.
cut ur emotions.
who says what - doesn't matter.
after all, u have to understand - no one knows nothing.
market is was and will be unpredictable.
#kacharts
this was the first level where I thought will get to see support. but it got broken immediately. 
in.tradingview.com/chart/NIFTY/Iu…
this was the video I posted for a group member
as per this -- resistance worked perfectly.
this was the video I posted for a group member
as per this -- resistance worked perfectly.
now in this-- as i explained in video -- wait for a hammer or any bullish candle to form after pullback for entry.
we saw a hammer after pullback that too forming double bottom and most imp-- when price was falling rsi was not.
we saw a hammer after pullback that too forming double bottom and most imp-- when price was falling rsi was not.
now the question is how we acted?
when any weird movement comes - vix increases.
in the morning a gap up of 200 pt gave an opportunity to sell 10300 call.
why 10300?
a strong resistance in chart
when any weird movement comes - vix increases.
in the morning a gap up of 200 pt gave an opportunity to sell 10300 call.
why 10300?
a strong resistance in chart
now when it came to test yesterday support, then what?
we sold very far away option i.e of 9300 9200 puts
in worst case thats a massive supprt..
put at 35 - (open)
call at 40 - closed at 15(this trade we closed)
now why call closed not put?
simple answer is - momentum is upward
we sold very far away option i.e of 9300 9200 puts
in worst case thats a massive supprt..
put at 35 - (open)
call at 40 - closed at 15(this trade we closed)
now why call closed not put?
simple answer is - momentum is upward
now if u were a risky trader -- could have gone long in future(like i did)- i had defined risk -- in morning for sell
in 2nd half for buy.
u know this is called - make volatility ur friend😃
and at the end - put logic remove emotion and #retweet
if u liked it.
in 2nd half for buy.
u know this is called - make volatility ur friend😃
and at the end - put logic remove emotion and #retweet
if u liked it.
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