- traded long in circled area
60 min:
- waiting for breakout from range
October 23, 2020
NIFTY EOD charts
- nifty closed 0.3% in positive at 11930
- AD was 2:1
- this week, nifty was extremely rangebound
- all trading days had a doji
- incidentally all activity took place within the body of the big red bar
October 22, 2020
NIFTY EOD charts
- today nifty closed 0.3% in negative at 11896
- AD was 5:4
- markets still trading within range of big red bar
- note the recent 1100 point rally in less than 2 weeks
- so some sideways movement can persist for a long time
October 21, 2020
NIFTY EOD charts
- volatility continues within circled area
- today nifty crossed 12000, fell more than 200 points and then recovered
- close was 0.3% positive at 11938
- AD was flat
October 20, 2020
NIFTY EOD charts
- today nifty closed flat at 11897
- AD was flat
- however VIX is increasing almost everyday
- today it was up 4% at 22.69
- will we have a gap down opening tomorrow?
October 19, 2020
NIFTY EOD charts
- today nifty closed 0.9% in positive at 11873
- AD was 3:2
- trailing SL 5 bar low was triggered for long positions
- 10 bar low trailing is now at 11564 and will increase to 11629 tomorrow
October 18, 2020
5 Key Rules For Heikin Ashi Trade
There are broadly 5 rules that need to be followed when trading with Heiken Ashi Candles.
Rule Number 1 – Green candles with no lower “shadows” indicate a strong uptrend: When you spot these on charts, be in the trade and don’t think about profit booking. You might want to add to your long position and exit short positions.
Rule Number 2 – Candles with a small body with upper and lower shadows indicate trend change: These are indecision candles and require more confirmation.
Rule Number 3 – Red/Black candles with no upper shadow indicates strong a downtrend: When you spot these on charts, be in the trade and don’t think about profit booking. You might want to add to your short position and exit long positions
Rule Number 4 – Candles with long lower shadows represent Buying interest. Always take note of these candles and assess price action after you spot these candles.
Rule Number 5 – Candles with long upper shadows represent selling interest and be cautious with existing long positions if you spot such Candles.
Read more at https://tradingwithtrend.com/heiken-ashi-strategy
How crucial is risk management in protecting the capital and for healthy return as well : A case study
hw crucial is risk management in protecting the capital and for healthy return as well : A case study@PAVLeader @sanstocktrader @RajarshitaS
— Aneesh Philomina Antony (@ProdigalTrader) July 31, 2019
courtesy : https://t.co/Jx7mbp2Y3p pic.twitter.com/SmakhUAQF7
October 17, 2020
Video: Trading in the BSE in the good old days
BSE : Old ring before the present jeejibhoi tower ring pic.twitter.com/BTa1LqPijO
— Rajiv Mehta (@rajivmehta19) October 16, 2020
October 16, 2020
The decline of the US...remember the decline of the British "Empire"?
Excited to share a new piece in FP!
— Rush Doshi (@RushDoshi) October 12, 2020
I argue ODNI's claim that China prefers Trump "not win reelection" tells only half the story.
Party texts show China believes Trump is accelerating US decline.
This has triggered a new phase in PRC grand strategy.
1/https://t.co/qTdFBKclYW
NIFTY EOD charts
- today nifty closed 0.7% in positive at 11762
- AD was 2:1
- most probably this was a dead cat bounce
- region of 11500-11600 is a support area
- if this breaks next week, expect a deeper correction
- note that kplswing indicator is still showing trend as bullish
- however a trailing SL at 5 bar low got triggered yesterday
- 10 bar trailing SL will be at 11500 after 1-2 trading days
October 15, 2020
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