#Nifty
There are 2 Key retraces to follow for the Day.
1st is fm 17281 - 17420 @ 17330-350 (Aggressive)
2nd is fm 17064 - 17420 @ 17240-285(Conservative)
Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.
#Nifty
There are 2 Key retraces to follow for the Day.
1st is fm 17281 - 17420 @ 17330-350 (Aggressive)
2nd is fm 17064 - 17420 @ 17240-285(Conservative)
Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.
#Nifty
Based on Pivot tables,
17310-335 is a key support zone,
17470-500 is a key resistance zone.
Didn't get the "BUY" trade
BUT, a "Sell" trade emerged @ "17470-500" with a high of 17490 with OB readings and generated
100+ points with a low of "17362"
#Nifty
A Golden ratio, 61.8%, retrace offered a LRHR trade @ 17360 with a low being "17352"
and, has generated a 40 points move so far
Identify such LRHR trades and act
Make it a habit of identifying key High & low points and draw #Fibonacci retracement to capture such trades
#Nifty
Aggressively holding "17140" approx. at open
OR
Conservatively holding "17080" approx. at open
for the 1st 1-2 hours trade
2 Retraces shown in "1 Minute chart"
#Nifty held "17140" with a low of "17149"
High presently "17241" so far
Ensure to book part profits and trail with the retrace of current rise from 17149 to 17xxx
#Nifty
Be Flexible in labeling.
Holding now 17180-195
#Nifty pause continues.
Stay with 17565 to 16782 retrace;
Holding 16900-950, could attempt 17350-400 zone.
Depends on rest of the day's #PriceAction
Also monitor current rise's(16931 to 172xx) retrace for weakness to return.
Based on significant gap up, the "revised trade levels" for the day.
#Nifty Tentative Label
(5 min. t/f - could vary dramatically
Be flexible to accept #PriceAction)
Identify "Low Risk" zones to initiate a trade.
IF you don't get it, NO Trade
Most prefer to "Predict" where market will reverse.
Few want to "Follow" the trend
Choose your t/f combo & ride the trend till 1 trade gets stopped
Week & Day - Down & Down
Day & Hour - Down & sideways
(Predictors looking for morning star in "Day", Evening star formed in "Hour")
How do you follow "Trend" ?
Get familiar with "ABC" correctives with the help of #Fibonacci Retracement
Have shown recently in many of the tweets, how this strategy alone produces LRHR trades
With experience, you'll learn to pull the trigger
For experience, you have to ACT/ TRADE
1. Moving average with 20Ema or 20Sma 2. LH & LL in downtrend & HH & HL in uptrend 3. Trendline
For a shorter t/f trader, primary bias should be of "Day" t/f
For Intraday, bias should be from "Hour" t/f
Keep this template for your trading
When all t/f align, great trades emerge
Hello Sir
I am "XX" my age is 22 & I live in Mumbai
I am writing this because I want guidance from you sir
I just completed engineering and now looking for job but when I start learning /revising concept I am not able to do continuously
I think about stock market aggressive
Wanted to do something in stock market. There are lot of material available on internet but it is basic I don't know anyone or none of my relative is in this field
My parents are suggesting me to look for job
But When I start studying I don't remember things .
Whole day I just think about market
I want your advice that what should I do
Focus on studies and get a job
Or should I learn about market full time
Because my age is 22 & I have not earned a single money yet not having any experience