Pattern, Price and Time: Using Gann Theory in Technical Analysis
Wishing Dear Readers a very very happy and prosperous and profitable new Year. Regular Post will start publishing from Saturday. Traders’ Resolutions for New Year-2016 2015 year started with a Bang with Nifty clocking a gain of 6.35% in Jan Month but as per Gann Yearly cycle we made a High of 9119 04-March-2015 which … Read more
As the finale of 2015 approaches, we are each presented with an opportunity to reflect back while looking towards the future. The dawning of a new year is the perfect time to set new goals and embark down uncharted paths. Now is the time to plan your Resolution. What are our top trading resolutions for … Read more
Voltas Intraday Traders can use the below mentioned levels Buy above 318.5 Tgt 320,323 and 328 SL 317 Sell below 314.5 Tgt 312,308 and 303 SL 316 ZEE Intraday Traders can use the below mentioned levels Buy above 430 Tgt 433,438 and 442 SL 428 Sell below 424 Tgt 420,416 and 411 SL 426 … Read more
In my decade-plus of working with both markets and traders, I’ve seen many things change and just as many things remain the same. Markets continually change, traders never do. Or at least we should say, human behavior expressed by traders never does. One of the most important things we can do for ourselves (which no … Read more
Trading losses can end a career in a matter of a day, an hour, or in extreme circumstances even a few minutes. Here I outline some of the ways I have dealt with losses in the past and how I got over the hump. 1. Stop Trading Immediately – Pull your hands off the … Read more
Rule: #22 Pyramiding Pyramiding can be extremely profitable. You should buy 50% of your position on the cycle low or known bottom according to your time and price cycle work. Keep your stop below this low. Then at the wave two bottom you should add 25% of your position. Yes, you need to know Elliott … Read more
A frequent mistake most of trader do is to focus on making money. If a trader is not profitable which 0% of traders are , the primary focus must be to first stop the bleeding. I know we all come to trading with ideas of making money, and of course, that is the goal, but … Read more
Rule #15: Stops Based on Percent All the stops you use should be based on percent of the price of the current market. Check back and you will find that a certain percentage stop works on the market most of the time and it is based on the current price of the market. Usually a … Read more
About 6 months ago, I joined a gym. Every morning, there is one personal trainer there that works out at the same time that my little group does our workout. He does his “routine” with such a quiet determination that he makes it all look very easy; although I know all too well how hard … Read more
Rule #8: Double Tops Double tops offer you the best method of selling a market. What is happening is that a time and price high is being challenged. In most cases, the upward timing of the market has run out and it is in a downtrend. You should use the first rally to test the … Read more