As we talked in previous post, about 19/06/2020 levels, BN (Bank Nifty) gave 4 good R:R trades at our upper levels. As shown below, let's go to lower time frame as our upper level touched in hourly time frame. Above trade was for breakout traders, as we talked in previous blog and 1:1.5 & 1:2 both targets achieved. Retracemnt traders should wait for our price to come to our level again after breakout, which price did in below picture. Price again came to our level and made hammer; activating retracement trade after price close above our level, which happened after 1 candle and 1:1.5 achieved. When again price came to our level and broke it, so breakout traders could short below candle and 1:2 achieved again. Retravement traders also got entry after 2 upside candles failed to break their previous candles' highs. 1:1.5 achieved for retracement short seller traders. So overall 4 trades were generated and...
Hello friends, welcome all again! In this blog we will discuss about which criterias to consider for choosing Broker! How really choosing a broker affect your profit and losses! So first of all, you should know your trading style at least. Whether you are long term investor, short term investor, positional trader, day trader or scalper! And also, wether you are working with stocks, futures or options! Here we will discuss with the viewpoint around Indian brokers, but you can correlate with any country brokers. For investors and positional Traders, brokerage and charges and all that stuff doesn't really matter much, they should always go for good service and standard brokers. ...
Hello friends again! I was requested by many to describe my methods to trade Banknifty. So here's step by step description of my 17th August trade, and what else could have been done! I generally don't trade without chart. Here's the chart of the 28000 strike price call option of near expiry(23 Aug). I have tried to explain all the things in below chart in simple way. So, as you can see in the chart, Gap up opening is there in the morning. (GAP UP opening means price opens at higher level than yesterday's closing level) So yesterday price closed at around 140 level and today opened at around 190 level and immediately made low of the day (see arrow of today's low). Then again started upward move. ...
Comments
Post a Comment