No, something like this I have not read from Bulkowski, at least till this day yet. If you know any such source or page which is discussing such ideas, I am sure folks would be pleased to read it however useful it may is to each one. If you do not have any such source but still want to follow your question, if not already done in other ways, you may try "Fibonacci Time Zones". Easy to Google.
Learning to catch High Probability Breakouts
- Thread starter amitrandive
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Here an other way to work with the actual "Bank Nifty" chart. This time it is on the 30 min TF and shows the actual range which was there for quit a while. BB makes the volatility specific in this range visual with the small pipes and following the big bubbles. This looks different when market is trending. Beside this it visualizes a breakout from the range and even from the triangle.
Here just an other way to look at KSCL. You even can work with the four hour time frame chart as shown below. Mostly those time frame is used in Forex trading, but it even can be used in other markets:
If done this way, your entry plan must adapt with the time frame like with any other time frame. Not all entry plans on the many time frames are adaptable to any other time frames. They all must be adjusted to fit the given time frames.
If done this way, your entry plan must adapt with the time frame like with any other time frame. Not all entry plans on the many time frames are adaptable to any other time frames. They all must be adjusted to fit the given time frames.
Follow up on the daily Bank Nifty chart: (I show bars, but if you change to candlesticks you will see the pattern I mentioned)
An alternative idea to the future could be an investment in a share which follows the script of Bank Nifty closely. You even could trade such a share with a smaller account compare to the need for future trades.
An alternative idea to the future could be an investment in a share which follows the script of Bank Nifty closely. You even could trade such a share with a smaller account compare to the need for future trades.
Follow up on the Bank Nifty chart with the five minute time frame:
Purely on this short time frame the very short term trend is up as seen. A nice break out would be a nice spike which takes the mid term down resistance line and a following pivot confirmation outside the biggest seen trend channel in this script. In this example I did not put in horizontal support and resistance lines as either they can be traded or either such shown pattern can be traded. Like many who show charting ideas here: Most of those charts do look simple and are not over run with to many informations. Informations not needed as they tend to overload the brain and disturb simple trading decisions on such short time frames scripts.
Purely on this short time frame the very short term trend is up as seen. A nice break out would be a nice spike which takes the mid term down resistance line and a following pivot confirmation outside the biggest seen trend channel in this script. In this example I did not put in horizontal support and resistance lines as either they can be traded or either such shown pattern can be traded. Like many who show charting ideas here: Most of those charts do look simple and are not over run with to many informations. Informations not needed as they tend to overload the brain and disturb simple trading decisions on such short time frames scripts.
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| Thread starter | Similar threads | Forum | Replies | Date |
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| D | Shared Learning: Swing Trading Wisdom for the Indian Market | Swing Trading | 0 | |
| N | Learning! | Beginners Guide | 16 | |
| N | Learning to trade(I'm new to this). | Beginners Guide | 0 | |
| N | Learning from zero | Beginners Guide | 11 | |
| F | Learning to Fish | Technical Analysis | 10 |
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