It takes average of the price for the duration we want.
So 10 days moving average means an average price of 10 days closing price.
Common types of Moving Average:
Simple, Exponential, Weighted.
Use only one type in your trading setup.
2/10
#IEX (daily chart)
— Yash Mehta (@YMehta_) May 27, 2021
Setup:
~ 50 ema support
~Fibonacci 23.6% support
The latest candle is a hammer and sort of bullish reversal candle.
CMP: 352.7
Looking good for upside with stop loss 342.
.@chartmojo .@Arpit1223 pic.twitter.com/dOE7aB7uJH
Taking this Intraday trade for today's expiry
— Yash Mehta (@YMehta_) February 2, 2023
Selling Nifty 17700 CE and Nifty 17500 PE
One can hedge it by buying OTM options to reduce margin or can go naked selling.
Stoploss: 17450/17750
Combined Premium of selling is 43 points pic.twitter.com/ga3hIoVTPC
Market Structure (MS)
— J A C K I S (@jackis_trader) July 6, 2020
Understanding MS is the most important thing in TA
It rules above everything. TL's, MA's, Indicators. Everything.
While it's nothing more than looking at swings and seeing Higher Highs (HH), Highers Lows (HL), Lower Highs (LH), and Lower Lows (LL). pic.twitter.com/QbgOSHGkBr
SGX in -320 Pts
— Sarah (@TheCosmicTrader) August 19, 2021
Look at CPR of NF basis open & close, something unusual happened yesterday which didn't happen in last few trading sessions
If you can see above in chart, you will realize CPR is not an indicator, it is market sentiment
It's time for a short webinar