Some key #Candlestick #Patterns which could light the way for every trader
Frequently seen;
#BearishEngulfing
#BullishEngulfing
#Hammer/#Spike
#BullishHarami
#BearishHarami
#BullishBelthold
#BearishBelthold
Rare
#HomingPigeon
#ShootingStar
#TweezersTop Bottom
#Island
#HangingMan
More from Sacchitanand Uttekar
This is how it works & holds price within 😊, reaction swings at its best possible levels with #Candlesticks providing clarity on breakouts & breakdowns.
Most price action retaining with tools support & median levels. Next week shall be interesting 😜 https://t.co/XIN54TOT41
#Nifty50 trend & demand supply zones via #AndrewsPitchfork.
— Sacchitanand Uttekar (@USacchitanand) June 13, 2021
Its a tool which is ignored by most traders & hence highlighting it here for better reference learning due to its relevance with current price action. pic.twitter.com/5G33NU9q8Z
✅ #Candlesticks to spot reversal
+
☑️ #HeikinAshi to capture/ride the trend
Why ? Coz, Heikin dependence on previous candle data delays its signal.
Ideal combination for #Traders; By keeping both the time scales constant.
Do try it 🤗 https://t.co/VSv8lhkAAq
#CandleTrading Mega move
— Sacchitanand Uttekar (@USacchitanand) April 10, 2021
\u2705 #Candlesticks to spot reversal
+
\u2611\ufe0f #HeikinAshi to capture/ride the trend
Why ? Coz, Heikin dependence on previous candle data delays its signal.
Ideal combination for #Traders; By keeping both the time scales constant.
Do try it \U0001f917
An inverse occurrence is about to witness failure, awaiting for its impact .
#CandleTrading tag would help you understand more of some of these ancient yet effective techniques...
#CandleTrading : #Bullish #Belthold#Pattern #Psychology :Pattern importance could be traced back to the traditional #Japanese sport of \u2018Sumo #wrestling'. The importance of \u2018Mawashi ( Wrestlers Belt) \u2019 & its tactical move for gripping the opponent to throwing him off the ring. pic.twitter.com/lN60xad6Ma
— Sacchitanand Uttekar (@Sacchitananad) August 16, 2020
More from Stocklearnings
Have compiled his:
1. Expiry day trading.
2. Trade logics.
3. Multiple Charts analysis.
3. BTST criteria for stocks.
Share if you find it helpful so that everyone can benefit.
A pdf of his moneycontrol article where you can read about his journey and how he trades.
— Harsh (@HarshAsserts) September 11, 2020
Advice on how to not let your mood influence your decisions.
When trading,moods will want to influence ur decisions
— Banknifty Addict (Gaurav) (@BankniftyA) December 29, 2019
How to minimize:
-Have a backtested plan/system
-Know yourself(emotion and panic levels)
So trade size is important to keep ur emotions in check
-dont focus too much on pnl
-have a back up plan ready
& last stay positive!!
Expiry day Trading:
How to become better?
When I had spoken to him on phone he advised me to backtest all expiries and rigorously practice them again and again to develop conviction. Superb advice!
Backtest the complete expiry and practice again and again till u develop conviction
— Banknifty Addict (Gaurav) (@BankniftyA) November 5, 2020
Acts based on support and resistance levels from charts
Support and resistance levels based on technical charts on various time frames.
— Banknifty Addict (Gaurav) (@BankniftyA) December 19, 2019
Breaking any of the above, leads to a direction
and then only directional play.