->Moreover you would find, Price goes near a level and stick to it or sustains there, in almost all cases it’s gonna big trending day.
How do I approach and trade?
-> Draw lines at Daily, weekly swing High & Low
-> Draw lines at hours resistance & Support
-> Now Check the trend on daily and hourly and board trade with 20% Capital size naked with Sl.
-> Either Sl or favour move.
->Moreover you would find, Price goes near a level and stick to it or sustains there, in almost all cases it’s gonna big trending day.
-> If there is rejection, then trades accordingly.
-> If comes into favour, I ll exit at predefined calculated targets as per Eliot wave, Pivots, Price action you can follow anything, results are almost same.
https://t.co/9g7YUDIafa https://t.co/vcxXsVhcqZ
Don't memorize patterns, candlesticks, and etc
— Namrata (@Chartsbank) July 5, 2020
If you want to get better at this gam,ask yourself
What are traders on the sideline thinking?
Where will other traders get trapped?
Where\u2019s the path of least resistance?
Where will new players enter?
Where will losers cut loss?
https://t.co/aacqojiG06 https://t.co/RxZf9Mh1ln
All newbie must go this link to understand markets psychology...https://t.co/LUiQpEBOhp
— Namrata (@Chartsbank) July 29, 2020
How to trade options?
— Namrata (@Chartsbank) August 1, 2020
-> Options can be traded via bias only.
Either Bullish, bearish, Neutral or mild bullish/ bearish.
Now its turn how to play that bias.
1. Now let me tell, when you expecting market to go up
How to play that.
One must do Performance review on monthly basis. As per me,it should not b done that you earned 'X' amount this month or last month 'Y' ...rather it should b like this \u27a1
— Namrata (@Chartsbank) August 2, 2020
If a person taking risk of 10K , if he is making 5-7K per trade then it doesn't make sense.
Everyone talks about market Psychology.
— Namrata (@Chartsbank) August 7, 2020
What actually mean it?
Does big boys consistent traders do really hv a different psychology?
If Yes, then How?
Let me cover what I personally do when I encountered with SL hit.
— Namrata (@Chartsbank) August 19, 2020
-> When my stops are hit and I take a loss, I stand back and review the market action for two possibilities:
What is #Trend
Does it hv #Momentum
Isn’t it #Over_bought_sold
Does #Volume supporting move
If options writing then view on #Volatity
Once you know these 5 things, make a system around this and you are done ✅
Next time when you ll see same pattern, you ll recall and say ...ohh yeah ..last time happened so & so..
Money is made this way only for me.
-> Let it come S/R or mean reversion
-> Wait for Entry trigger
(a) Rejection Candle for Reversal
(b) Big body BO candle
-> Hold till it reaches another Demand/Supply zone.
That’s it.
If it trades above this, my view is bullish or vice versa.
-> After Big candle
-> I scale in once price retraces to VWAP & make pin bars with Sl at other end.
PDL broken & rejection at VWAP making pin bar.
Sl is another End of pin bar.
Let\u2019s learn the divergence.
— Namrata (@Chartsbank) January 24, 2021
Whenever I teach, my moto is to make u master in that. U should get something new to learn even though when u already know that thing.
Divergence:- When price is not synchronised with the oscillator then the divergens occurs means
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