Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
8 comments:
GE All.
The Idea-train is flowing today ,so let me write it as i get it...
From an EW perspective, Markets have 2 primary MODES, Motive & Corrective
Learn to use EW as a philosophy & now use SCIENCE to make the ART more Hi-prob.
Digi. Signal Processing Maths & Radio Theory allow for mathematical segregation of the market in 2 modes
1. Consolidation / Corrective --> HiFreQ noise
2. Trending / Brkout-down --> Low FreQ DATA
What we need is a MATHEMATICAL "FM Radio" ... One that Dynamically tunes out the Hi-FReQ Noise (whipsaw) & only plays the Low-FreQ Melody of TREND !
Signal -to - Noise Ratio (SNR) : Low-FreQ TREND / Hi-FreQ Noise ...threshold for this ratio determines the % Quality of a Corrective ending & a new TREND EMERGING
Then our job reduces to search for PATTERNS (WW, EW, classic TA, harmonics), & OI behaviour that allow such a SNR trigger to generate a Hi-prob , Hi R:R, TRADE TRIGGER
Work out ur ENTRY, place the ISL, know ur Tgts for Exit.. Pre-program it in ur head & then Execute
Science + Art + Discipline + Arjun Focus --> Maketh a Trade Warrior :-)
Today market had to do it and did it in style.
0 b tl of the flat corrective.has been broken in lesser time than c formed.
Also today it belied the fact that a triangle was forming. It had given an early indication early on with a gap up and sharp upmove at the start of the present impulse.
As a suggestion to choosing a system
Go with the one that responds to change in a tf which is suitable to ones temperament , time available, risk appetite.
The more the system is in sync with price action the better.
As the only thing constant is change
Good evening master and all blog amtes
Hindalco breakout : CLICK HERE
http://wingoodlife.blogspot.in/
Namaste Ilango Sir & Blogmates,
Bullish: After a day of consolidation, the Bulls came back to move the index up by a percentage point and made sure that the base get cemented at lower levels, 7500CE writers still holding on...: Option Analysis for 05-06-2014
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Thanks & Regards,
Sanjay Kr Jaiswal
Any gap up will be selling opportunity.
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