Forwarded from Levels Of Conviction_Premium (L.O.C)
#Learning -
Now why we are not doing any buying?
Understand the logic of trend following
- when a price moves up straight up in the line do not short / or think that is overbought and will fall.
- price will either go down or take a time consolidation
- downside is confirmed only when the first lower high is created (will learn this in trend following ways).
-Unless and unitl any instrument makes a new lower high and breaks a "swing low" never think of a downside & Vise a Versa
-When ever price goes up in. Straight line it's either breakout or upside till dynamic trendline - in nifty both done..
When dynamic as well as static trendline ( resistance) hit the smart money usually sits aside/ or do the profit booking. Which most of you have seen what happens when LOC hit in stocks and indices.
So at that point we don't do buying which is what I learnt form the experience
Last but not the least ..
After every night there will be a sunrise
And after every day there will be a night.
Same happens in stock market
But no one will tell you one thing
That
Sometimes a day or a night can feel like alaska day where there will be 3-5-6 months of night and then there will be a day.
That's a stock market.
It's all about patience.
Now why we are not doing any buying?
Understand the logic of trend following
- when a price moves up straight up in the line do not short / or think that is overbought and will fall.
- price will either go down or take a time consolidation
- downside is confirmed only when the first lower high is created (will learn this in trend following ways).
-Unless and unitl any instrument makes a new lower high and breaks a "swing low" never think of a downside & Vise a Versa
-When ever price goes up in. Straight line it's either breakout or upside till dynamic trendline - in nifty both done..
When dynamic as well as static trendline ( resistance) hit the smart money usually sits aside/ or do the profit booking. Which most of you have seen what happens when LOC hit in stocks and indices.
So at that point we don't do buying which is what I learnt form the experience
Last but not the least ..
After every night there will be a sunrise
And after every day there will be a night.
Same happens in stock market
But no one will tell you one thing
That
Sometimes a day or a night can feel like alaska day where there will be 3-5-6 months of night and then there will be a day.
That's a stock market.
It's all about patience.
Forwarded from Levels Of Conviction_Premium (L.O.C)
If Nifty opens where it's indicating now.
In a day nothing will be left to trade.
Just wait for the opening.
In a day nothing will be left to trade.
Just wait for the opening.
Forwarded from Levels Of Conviction_Premium (L.O.C)
Good morning all
Forwarded from Levels Of Conviction_Premium (L.O.C)
If yesterdays Day low Triggers Then Nifty will start correction on Daily Time frame
Forwarded from Levels Of Conviction_Premium (L.O.C)
Levels Of Conviction_Premium (L.O.C)
If yesterdays Day low Triggers Then Nifty will start correction on Daily Time frame
If todays candle will be impulsive fall then market start correcting ✅️