Learning Group -VIJAYWADA

[XRAY27]

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[XRAY27]

some options stats

Max oi --------------call 8500--put 7800

Max change in oi ---call 8300 -- put 7800

 

[XRAY27]

Price and volume divergence

NF hourly

 

[XRAY27]

The best traders in the world are the traders who eliminate the friction between long and short. They are able to switch directions because they are not held down by the baggage of cognitive dissonance. They know what they are doing before it happens and take responsibility for those action. In many markets this skill is not as important but this is not the case today.
As a trader you must always be in constant argument with yourself about direction without conflict. You should be able to comfortably argue both sides and let price decide who is right for the time frame you are looking at. When you can no longer make both arguments, it best to take additional action to find another view point or start working into a position with great risk management.

 

[XRAY27]

Present position

Some points on patterns:

Market will be in any one of the forms during our study time i.e Trend ,Pause,Trend..and each of the pause we just assign it with a name often called as pattern,with in the pattern ..we can find High R:R entries in the lower time frames..once the break happens we will go with our trend based trading

Reaction...

Closed below point 5

 

[XRAY27]

Price and volume divergence

NF hourly

Reaction

 

[XRAY27]

Saturday post

I want to present my observation on charts patterns..way i look into them for my trading..just look into recent chart +ww ...

Main area of focus is between Point 5 to sloping trend line...as long as market remains in this area

Intra day trading is carried according to my old way but studying hourly volume divergence is must

Other points are

1.A good pattern never signals when to trade or when to stand aside. It points to a convergence of time and direction that should trigger predictable movement under the right circumstances. It's the trader's responsibility to formulate tactics that capitalize on a setup if it unfolds, and protect the trading account if it fails.

2.There is no single method to trade any pattern, and no setup will evolve the same way twice. The chosen trading strategy must capture expected opportunity while managing unexpected risk.

 

[NANDAMAD]

TATA STEEL EOD CHART

cd not understand swing breakout. can you please explain-is it if 21 EMA comes below 100 EMA that you call swing break out

and otherwise your TSL is 21 EMA?

 

[NANDAMAD]

30 MIN NF CHART

Methodology of trading is Price action and details of trading system is below my signature...

cd not get details of your trading system. can you please enlighten

 

[XRAY27]

cd not get details of your trading system. can you please enlighten

Please refer below link

http://www.traderji.com/members-discussion-forums/95624-my-trading-system.html