Thoughts on Day/Swing Trading Part 2

[timepass]

huh? :O :O
looks very complicated to me.Rectangle like something :O
Hope there aint something like pentagon,hexagon lines Sir

Yup. Looks complicated, but can be a very effective trading pattern. Here on TJ we have a thread for Wolfe Wave. Please go through it.

Also, look up the posts by members uttamkamlesh and adityasaraf for material on this pattern.

 

[VIKAS 21]

Dear ST Sir

Can the marked bar be considered as virtual low & can we reverse our positions at high of this bar with SL at the low of the bar????

 

[Smart_trade]

Dear ST Sir

Can the marked bar be considered as virtual low & can we reverse our positions at high of this bar with SL at the low of the bar????

It is a virtual low. But for reversing the position to longs we either need previous uptrend ( meaning this downtrend is correction ) or some other evidence that the trend is changing.

Smart_trade

 

[anuragmunjal]

Dear ST

still waiting for ur view on amalgamation of different 'time frames' into ones trading...whenever u get the time and motivation...

regards

 

[VIKAS 21]

It is a virtual low. But for reversing the position to longs we either need previous uptrend ( meaning this downtrend is correction ) or some other evidence that the trend is changing.

Smart_trade

SIR

Can u post a chart for better understanding of the concept if possible??

Thanks

 

[Smart_trade]

Dear ST

still waiting for ur view on amalgamation of different 'time frames' into ones trading...whenever u get the time and motivation...

regards

Thanks Anurag. Not sure when it will see the light of the day as it will need lots of explaining, answering ,posting charts...as the concept is difficult to grasp...motivation is there but the energy is low.....let us see when I can do it....

Smart_trade

 

[VIKAS 21]

Thanks Anurag. Not sure when it will see the light of the day as it will need lots of explaining, answering ,posting charts...as the concept is difficult to grasp...motivation is there but the energy is low.....let us see when I can do it....

Smart_trade

Dear Sir

If u dont mind can any of the member can take the initiative to start the topic & u correct us as usual in your simple language.

plss excuse me if i am wrong ....

 

[pav]

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[friendforevers0007]

st or seniors how to trade this crude chart .i.e on 01 march with swift method. if i go short it hit s/l again n again correct me if i am wrong

 

[friendforevers0007]

still waiting for reply...