Taming The Untamed

[Shantala]

Simple way to finding out the trend

Just zoom out your chart until the candle shapes are unrecognizable.
See whether stock is going from left lower corner to right upper corner or bound in a particular range.

The feel you get by looking at chart is trend.

Look at following BankNifty spot chart, don't you feel it is going up?

 

[Shantala]

How to trade a trend

Methods to jump in

1) Entering at a new extreme.
2) Entering at a pullback.


When to jump

1) Strong phase of established trend
2) Breakout of consolidation
3) Reversal

What if something goes wrong

1) Strong phase of established trend - Exit at previous pullback
2) Breakout of consolidation - Exit at previous pullback in consolidation area
3) Reversal - Exit at extreme


See the chart for methods to get in

 

[Shantala]

Setup -- When to jump
Entry -- Methods to jump in or How to jump
Stop Loss -- If something goes wrong

 

[asskg32]

No one can tell a reversal at the exact top, to try to do so is trading suicide