Google CEO Sundar Pichai
(He gave a speech in only 60 seconds) He said:

Imagine life is a game of 5 balls that you manipulate in the air trying not to fall these balls. One of them is rubber, and the rest is glass.

The five balls are:
Work, family, health, friends, soul. It will not be long before you realize that (work) is a rubber ball. Whenever you fall, you will jump again, while the other balls are made of glass. If one of them falls, it will not return to its previous form.

It will either be damaged, bruised, cracked or even scattered.

A young couple moved into a new house. The next morning while they were eating breakfast, the young woman saw her neighbor hanging the washing outside.

"That laundry is not very clean; she doesn’t know how to wash correctly. Perhaps she needs better soap powder. Her husband looked on, remaining silent.

Every time her neighbor hung her washing out to dry, the young woman made the same comments.

A month later, the woman was surprised to see a nice clean wash on the line and said to her husband, "Look, she’s finally learned how to wash

This is how the professionals get trapped into SISI - Single Income, Single Identity A "mouse" was put at the top of a jar filled with grains He was too happy to find so much of food around him Now he doesn't need to run around searching for food and can happily lead his life. As he enjoyed the grains, in few days time, he reached to the bottom of the jar Now he is trapped and he cannot come out of it He has to solely depend upon someone to put grains in the same jar for him to survive He may even not get the grain of his choice and he cannot choose

A father said to his daughter “You graduated with honors, here is a car I acquired many years ago. Its several years old but before I give it to you, take it to the used car lot downtown & tell them I want to sell it & see how much they offer you The daughter went to the used car lot, returned to her father and said, “They offered me $1,000 bcoz it looks very worn out.” The father said,”Take him to the pawn shop.” The daughter went to the pawn shop, returned to her father and said The pawn shop offered $100

Food for thought!

आप पसीने से तर बतर हैं। बहुत प्यासे, पर कहीं भी पानी नहीं मिल सकता है। ऐसे में तुम वृक्ष की छाया में थकान मिटाने के लिए खड़े होते हो! तभी सामने की एक इमारत की पहली मंजिल की खिड़की खुलती है और आपकी उस व्यक्ति से आँखें मिलती है। आपकी स्थिति देखकर, वह व्यक्ति हाथ के इशारे से आपको पानी के लिए पूछता है। अब आप उस व्यक्ति के बारे में कैसी राय होगी?

यह आपकी पहली राय है!

@Sudheer16772020 Sudheer,
If you have taken this trade as per your trading plan, then don't worry about post mortem & treat this as just one fail trade and move on. You cant have all the trades right & its ok to have a wrong trade.

However, if u ask me, I wouldn't trade here. Here is why -
1/n @Sudheer16772020 1. This trade is neither at supply zone nor at demand. Its right in the middle
2. Moving average curve is flat & there is no momentum
3. Context (in the left) says that price broke recent swing low (point 1) but didn't sustain below it

2/n

#DLF good short covering is seen today (possible trap setup on EOD triggered above 183.25). If it holds 182.50 it can do 188-192 in coming days..Keep an eye & find your trade.

View invalid if 15m candle closes below 182 #DLF 188 done today...

What is a trade scanner? #LearnWithPAL
A scanner is nothing but a set of buy/sell rules which a trader defines after he/she manually backtest his/her ideas on charts. It is a method to translate your trading ideas into a rule so that you dont need to manually scan in future

1/n There is nothing magical in it but lot of people ask me to share a magical scanner to get 100% solid signals which can change their life. This sort of thing doesn't exist at all. Its a myth to have a scanner giving 100% accurate results.

2/n

#BANKNIFTY Future bar by bar commentary for today's move for learning purpose.

1/n

After a powerful reversal with massive volume & wide range bar yesterday #BNF closed above EMA21 & has made higher higher on 15M candles & didnt break the low of any previous candle. 2/n

This shows the strength in the move & shows the strong momentum upside. After so many days of downfall, bears were shorting on every rise & this was a perfect "Bear Trap" setup (yesterday it broke the day low only to reverse).

Friends,
My humble request to you is don't ask questions only for the sake of asking & do your home work first. While I'm happy to answer legitimate questions but some questions can be really avoided by first experimenting yourself & by carefully looking at the chart I share
1/n 2/n
In all my charts, Amibroker is written in the left hand bottom corner but people still ask which software it is? It means they haven't looked at th chart carefully & jumping on to conclusions as if getting this software will change their life. No! It won't!

In last 2 days #BANKNIFTY failed to sustain new highs & gave an hourly close below EMA21. While the overall trend is up, a pullback is evident. As counter trend trade, any rise till 30480 can be used to short for targets -
1. TL support
2. 29820
3. 29275
SL above 30700 spot Since it is a counter trend trade, be watchful near these 3 target areas. If price fails to fall further, be quick to reverse your position for longs post price confirmation. It's going to be highly volatile in the coming days.

Thank you @SauSethi for your kind words. Good question & I am sure lot many other IT professionals are struggling with this situation so let me share what I follow.

https://twitter.com/SauSethi/status/1110565957116657665

With 2 growing kids (14Y & 10Y) & a very high pressure, high visibility senior level job at one of the top IT companies, my schedule is always crazy but due to my passion towards capital markets I manage my time to do analysis & trade. Here is what I follow religiously -

1/n

@santhoshkak That candle has supply (shown by wick) which means bears are present in wick area. So unless we clear that area off, we cant go long becoz every time price hit that zone, bears will sell.

Near the demand zone, we need to observe price action if it is taking support or not 1/n @santhoshkak In this case, since 6715 was prev supp I was watching this for a reversal but price action didnt support so didnt buy. After this long bar with long wick, not even 1 candle broke & closed above prev candle high & volume continuously got increased which clearly shows bearish 2/n

Build your stock scanner
1/n

If you want to get BEST results in trading, keep eyeballing charts manually & give max time for manual screening & scrolling. This will help you understand the behavior of an individual chart & will help you strengthen your #PriceAction skills. 2/n
Above all it will help you build your own scanner becoz you know what works what doesnt. More time you do this, more confidence you will get on your trading skills & eventually it will help you in making more money. It's a journey you have to travel & there is no shortcut.

As promised I am sharing the commentary of today's #PriceAction on #BankNifty future 15 minutes chart. I trust you will find it useful for learning purpose.

Each bullet point is reference with the candle number for easy understanding.

#TradeWithPAL 1/n
1. Gap down open, price closed below demand zone with ultra high volume. Long upper wick, signs of selling pressure.

#PAVLeaderTIP
#HintToRideTrend

You can ride a fresh & strong BO with 15M charts with these 3 things -
1. EMA21
2. VWAP
3. Fractals

These 3 provides enough confluence & confidence to ride the trend. Back test this concept to get your own level of comfort.

#TradeWithPAL You can also build your own system on these 3 tools and I guarantee that you will not be disappointed if you use these tools well. Remember, #PRICEACTION still stays the base.

I will share charts to explain this soon but do your weekend homework to build your confidence.

Mujhe aisa kyu lag raha hai ki #TATASTEEL ne aaj tank full kar liya long drive ke liye 🏎️🏎️🏎️

#TradeWithPAL Ok. Here is the 15m chart for your review. Let me know what do you make out of this? I will explain my view later...

Remember, it is bouncing back from its 52W lows & recently faced a lot of supply in 480-482 zone.

I trade what I preach & I preach what I have learnt so in simple words if you practice only what I preach, you can fast track your learning curve.

ICICIBANK has bounced from demand zone & 350CE got more than double. I will share the chart in the evening!

#TradeWithPAL @Trendmyfriends @niftywizard @sanstocktrader @Amit_Gulecha

If having a "robust trading plan" & "executing the plan" are the 2 tyres of your trading journey limousine, what are the other 2 important tyres on which you run your car?

Think & respond with your 2 options. Thanks everyone for your response. I will share my point of view today evening once I reach back home.

Enjoy & have a profitable and learning filled day!

@Traders82 Today I will start a new chapter of #PriceAction trading & the topic is -

#Chapter4: Understand Supply & demand zones

So are you excited? I heard YES. So let's start! Now that U understand what a market structure is & what are the 4 stages of a stock or index, the next logical step is to understand the supply & demand zones & how to use them with structure to spot high probability trades. This is different than single line S/R so pay attention

#QuickQuestion: If everybody is selling LT on bad news, then who is buying? Socho socho 🤔🤔 Looks like you guys didn't understand the hint.

It was a well planned trap for retail & I'm sure many got trapped today.

If LT gives a low volume test of today's low, enter long upon price reversal confirmation. Keep an eye!

Will explain this via chart in the evening.