Don't memorize patterns, candlesticks, and etc
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’s the path of least resistance?
Where will new players enter?
Where will losers cut loss?
Then one can see what happened next.
But nobody tell this.
Unfortunately nobody shares this.
Mostly all r busy in indicators can’t see it.
I only & only trade these traps only.
See the red arrow bull candle close at day high then fall. Isn’t there similarity.
Friends, all charts are same. Train your eyes to see these spots & then capitalise next time.
But follow up selling is not coming.
If it won’t go down then where else?
Obviously up
These patterns generally forms as bearish trend diminishes and bulls trend starts.
Chart crying
Buy me, buy me... I gonna up.
But ppl still busy in indicators.
Friends, trust me . Just follow Price, you would do wonders.
Like :-
Where Price is approaching?
From where it is coming ?
Is there any important support/Resistance nearby?
How & where big boys can trap you?
That’s enough.
Say good bye to indicators.
My own learning:-
— Namrata (@Chartsbank) July 10, 2020
When there is a gap down opening, dont sell at open.
Sell on rise only.
I ll share 4-5 charts tonight for better understanding .
Then it goes for Retest this time either accept or reject the new demand zone. If rejects then it turn out to b range bound day as price goes back up again.If accept then selling continues.....
Never chase
Always take a retracement entry
Once the trend for the day is known, take trade @ the retracements to ride the trade
Patience to enter
Patience to wait for target...
-> if after initial big move, price sustains either side of VWAP, it gonna be a big trend day after retracement to VWAP.
first candle itself Rejected at PDH & then quick fall.
If a small candle then can go with Sl at day high.
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