After a Liquidity hunt on the downside, price went up and came back to test that same zone as support which gave strong Bullish Reaction for a Long trigger
Exit at resistance zone
Nov 21, 2020 • 4 tweets • 3 min read
Trading Ranges : How-To
( A Thread 👇 on how do I approach a range and take scalps)
#1. Price makes a rapid move - Creates a Swing High and Low and starts consolidating within those boundaries
#2. Price deviates on one of the boundaries and closes back in the range. This logically means that price will likely visit the next extreme boundary of the range
(Not perfect example because it already went to other boundary!)
Oct 25, 2020 • 4 tweets • 3 min read
Inspired by Market Structure traders, especially @Trader_xB, a thread on what I've understood and will look to implement in future
Note: This is a post-market analysis for my personal learning, I'm not yet good in this method
Including NR4 too to increase my options for tomorrow
Some of you asked what I meant by "Volatility Concept"
while selecting stocks
Basically, you don't want stocks which are not moving organically, doing pump/dump, staying flat, or forming too many gaps
These were NR7 stocks which I rejected because of above reasons:
Sep 21, 2020 • 5 tweets • 1 min read
A humble Thankyou to Everyone for this!
However, I believe one should know who he follows so you know what to expect
So Who Am I?
I'm a Civil Engineer who got amazed by the markets in 2017 because of the Bull run in Cryptocurrency markets. 2/n
Between Dec 2017 to May 2017, I won some and lost some.
A Liquidation (funds wiped off to zero) event in May '17 made me go serious about markets.
I started studying and have been trading seriously, following Money and Risk management since then.
Sep 18, 2020 • 5 tweets • 2 min read
One of my followers asked this Query:
Query: Hi bro. today taken this trade but SL hit. please share your view
My Response: First of all, Congratulations for trying stuff out. You will get a lot better in next 6 months. 2/n
I encourage everyone to practice this way by taking trades and then analysing what mistakes you did/things which could have been better
1. When you see gaps in the chart, they also act as Support/Resistance. Why? Because gaps mostly fill and then reverse (Read about Gaps)