AFTER CONSOLIDATION OF FIVE DAYS BNF MOVED UP WHAT NEXT SEE !!
Hi Traders,
1. Yesterday I posted neither bnf nor nifty. In fact, There was not much change in the structure of both indexes, therefore, I just updated my ideas with an update. Hope you all would have seen it. Those missed either They do not follow me or not configured the right side idea button with your favorite author's notifications. let us compare the statements of the previous blog with price action. In point N0. 1 of the trading plans I mentioned is quoting for your consideration" As you have seen the taken-out condition is not fully activated for a downside trade. So I would like to see the upper zone condition to get activated for long trades. And zone is to watch is the pink dotted line with a solid green line. I showed a green arrow on the zone which has to be watched." You can see I talked about pink dotted with a green line as a zone for the watch in terms of the condition mentioned for this zone. Ideally, the taken-out condition is met only in 15 min time frame, not in 1hr.
2. Since the gap between the pink solid line to the upper end of the zone is big so one can not wait for the trade to get a green arrow condition to get activated. Especially when range bound trade is going for the last 5 sessions show in fig as vertical red line as a breaker. As I mentioned the condition of taken out for complete zone, not Pink color dotted line. Many traders were looking for the pink line to apply this condition. fortunately, it satisfied with both time frames. They must be aggressive traders. There is no harm being aggressive attitude in stock else you know how to time your trade. This post is going to be lengthy because today I have to clear the misconception of taken out condition among traders. So bear with this post. Writing a lengthy post is also time-consuming but for the sake of all traders, I have to write.
3. See I mentioned in point no. 2 of trading plan " If this zone is taken out in 15 min time frame then aggressive traders can take long with the stop loss of buying set up in a lower time frame of 5 Min. For non-aggressive trades, both conditions should be fulfilled. But In trading, nothing is shot sure even 1-hour condition gets fulfilled, you need to find set up on 5 min time frame to take longs with setup stop loss." Today two followers were trading today in bnf but with a different understanding of my points. The first talk about the one who loses 930/- what he wrote was looking upset and tensioned in his trade whereas second who earned 400 pts was calm and confident in his trade. You can yourself Judge as I am quoting their statements to understand how trading is done with conditions I mentioned in every post. "kiran2k7
4 hours ago
kiran2k7, I have taken 2nd JUL 10500 CE @ 34.95. let's see how it rides." Here he bought 10500 ce . kiran2k7
4 hours ago
yvatsji - the condition is of the upper green line is taken out in 15 min time frame then the price will move to the red dotted line 10,549.
Looks like it just was taken out. Now can we enter long to target the red dotted line?" Here he is expecting a reward. The condition has been taken out or not I will discuss the nifty post. "kiran2k7
3 hours ago
Sometimes I feel like, after I bought it, it drops down.
It may be my psychology, also I feel that somebody trying to pull me down." Here he is depressed with the Volatility of price. " kiran2k7
3 hours ago
kiran2k7, It's easy to lose in the market. Right now, my position is still open with 975 Qty @34.95 - Now trading at 25.9 with a loss of 8k." Here repenting on his decision. "kiran2k7
an hour ago
Exited my intraday position with a loss of 930/- after holding it for 3 Hrs.
Looks like the price is moving around the Greenline. Good that I have not made a huge loss on this entry.
The importance of this position is having the patience to hold the position until the end of the day to minimize the loss.
I'm posting this to help others." Here Happy with small loss at one point 8k. If you all see and in a chronological manner. You will find He is unable to handle the options and still playing that instrument. Second, he read the chart and my instruction in an aggressive way and took his trade in an aggressive manner. Third, there is a concept to time your trade, he does not know. Fourth unable to put stop loss which is necessary for every trade. I write with every condition time your trade on a lower time frame where you will get your stop loss and entry point. But he is unable to understand. I know many traders are unable to understand but still, they trade.
4. See the case of the second follower who understood the market first by doing paper trades with perfectly following my instructions and result, you can feel the confidence and calmness in his trade is quoting for your consideration. He explained the trade logically but the first one did not. "akhil313
3 hours ago
yvatsji
Sir, I took a trade after a long time(due to the range-bound market) since I saw a good movement from buyers today and they were also holding the ground. The pullbacks in 15 mnts were very weak, buyers candles were very strong, retraced fully with power, and got confidence when I saw a very strong buy candle in 1 mnt time frame which crossed the pink line. Then I checked whether there is a similar pullback by sellers, but there was none. So I took the trade with Entry - 21600 and SL- 21400 and TP - 21800, below the green line. And the trade worked perfectly and hit the TP.
Thank you, sir, and god, bless for teaching us" You can see how he took his trade. The moral of comparison is that the stock market rewards those who show patience and aggression both in a balanced manner. If there is little imbalance in these two, you can not earn from the market. Both examples prove my point. Rest you people decide how you want to react in your trading.
5. Now come to today trade See price was consolidating In range for the last five days and both sides condition was in fig. You can see a lower solid pink line supported in precious days that you can see I marked in the previous posts too. And posting below your consideration. when In the morning First-hour candle took support here and reached green resistance. I took my entry consulting with lower time frames With the stop loss of second candle low and booked at upper green resistance. Today trade was clear and simple. No, if buts. Though you people will think when upper side condition is not met Though I took the long side trade. By simple logic of five-day consolidation with First hr buying by smart money. Since this type of circumstance came across first-time since I wrote my blogs so you are not aware of this. And without a practical example, I can not share how one can trade when conditions have not met both sides. Hope this concept is clear now. Next time if you face this sort of situation, You know how to handle it.
Trade plan for next day,
1. Since the condition of taking out is fulfilled in a one-time frame 15 min so I will wait for 1 hr time frame to full fill this then I will be taking longs. For new readers Here is taken out condition:- "Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "
2. I made a red arrow on the green line that line can change the structure of the long side to downside If taken out in Both time frames. Those who are positional long should square off long if taken out in 15 min time frame.
3. The same green arrow shows an upper target if the starting of the arrow on green resistance takes out in 1 hr time frame then the green dotted line will be the target. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
1. Yesterday I posted neither bnf nor nifty. In fact, There was not much change in the structure of both indexes, therefore, I just updated my ideas with an update. Hope you all would have seen it. Those missed either They do not follow me or not configured the right side idea button with your favorite author's notifications. let us compare the statements of the previous blog with price action. In point N0. 1 of the trading plans I mentioned is quoting for your consideration" As you have seen the taken-out condition is not fully activated for a downside trade. So I would like to see the upper zone condition to get activated for long trades. And zone is to watch is the pink dotted line with a solid green line. I showed a green arrow on the zone which has to be watched." You can see I talked about pink dotted with a green line as a zone for the watch in terms of the condition mentioned for this zone. Ideally, the taken-out condition is met only in 15 min time frame, not in 1hr.
2. Since the gap between the pink solid line to the upper end of the zone is big so one can not wait for the trade to get a green arrow condition to get activated. Especially when range bound trade is going for the last 5 sessions show in fig as vertical red line as a breaker. As I mentioned the condition of taken out for complete zone, not Pink color dotted line. Many traders were looking for the pink line to apply this condition. fortunately, it satisfied with both time frames. They must be aggressive traders. There is no harm being aggressive attitude in stock else you know how to time your trade. This post is going to be lengthy because today I have to clear the misconception of taken out condition among traders. So bear with this post. Writing a lengthy post is also time-consuming but for the sake of all traders, I have to write.
3. See I mentioned in point no. 2 of trading plan " If this zone is taken out in 15 min time frame then aggressive traders can take long with the stop loss of buying set up in a lower time frame of 5 Min. For non-aggressive trades, both conditions should be fulfilled. But In trading, nothing is shot sure even 1-hour condition gets fulfilled, you need to find set up on 5 min time frame to take longs with setup stop loss." Today two followers were trading today in bnf but with a different understanding of my points. The first talk about the one who loses 930/- what he wrote was looking upset and tensioned in his trade whereas second who earned 400 pts was calm and confident in his trade. You can yourself Judge as I am quoting their statements to understand how trading is done with conditions I mentioned in every post. "kiran2k7
4 hours ago
kiran2k7, I have taken 2nd JUL 10500 CE @ 34.95. let's see how it rides." Here he bought 10500 ce . kiran2k7
4 hours ago
yvatsji - the condition is of the upper green line is taken out in 15 min time frame then the price will move to the red dotted line 10,549.
Looks like it just was taken out. Now can we enter long to target the red dotted line?" Here he is expecting a reward. The condition has been taken out or not I will discuss the nifty post. "kiran2k7
3 hours ago
Sometimes I feel like, after I bought it, it drops down.
It may be my psychology, also I feel that somebody trying to pull me down." Here he is depressed with the Volatility of price. " kiran2k7
3 hours ago
kiran2k7, It's easy to lose in the market. Right now, my position is still open with 975 Qty @34.95 - Now trading at 25.9 with a loss of 8k." Here repenting on his decision. "kiran2k7
an hour ago
Exited my intraday position with a loss of 930/- after holding it for 3 Hrs.
Looks like the price is moving around the Greenline. Good that I have not made a huge loss on this entry.
The importance of this position is having the patience to hold the position until the end of the day to minimize the loss.
I'm posting this to help others." Here Happy with small loss at one point 8k. If you all see and in a chronological manner. You will find He is unable to handle the options and still playing that instrument. Second, he read the chart and my instruction in an aggressive way and took his trade in an aggressive manner. Third, there is a concept to time your trade, he does not know. Fourth unable to put stop loss which is necessary for every trade. I write with every condition time your trade on a lower time frame where you will get your stop loss and entry point. But he is unable to understand. I know many traders are unable to understand but still, they trade.
4. See the case of the second follower who understood the market first by doing paper trades with perfectly following my instructions and result, you can feel the confidence and calmness in his trade is quoting for your consideration. He explained the trade logically but the first one did not. "akhil313
3 hours ago
yvatsji
Sir, I took a trade after a long time(due to the range-bound market) since I saw a good movement from buyers today and they were also holding the ground. The pullbacks in 15 mnts were very weak, buyers candles were very strong, retraced fully with power, and got confidence when I saw a very strong buy candle in 1 mnt time frame which crossed the pink line. Then I checked whether there is a similar pullback by sellers, but there was none. So I took the trade with Entry - 21600 and SL- 21400 and TP - 21800, below the green line. And the trade worked perfectly and hit the TP.
Thank you, sir, and god, bless for teaching us" You can see how he took his trade. The moral of comparison is that the stock market rewards those who show patience and aggression both in a balanced manner. If there is little imbalance in these two, you can not earn from the market. Both examples prove my point. Rest you people decide how you want to react in your trading.
5. Now come to today trade See price was consolidating In range for the last five days and both sides condition was in fig. You can see a lower solid pink line supported in precious days that you can see I marked in the previous posts too. And posting below your consideration. when In the morning First-hour candle took support here and reached green resistance. I took my entry consulting with lower time frames With the stop loss of second candle low and booked at upper green resistance. Today trade was clear and simple. No, if buts. Though you people will think when upper side condition is not met Though I took the long side trade. By simple logic of five-day consolidation with First hr buying by smart money. Since this type of circumstance came across first-time since I wrote my blogs so you are not aware of this. And without a practical example, I can not share how one can trade when conditions have not met both sides. Hope this concept is clear now. Next time if you face this sort of situation, You know how to handle it.
Trade plan for next day,
1. Since the condition of taking out is fulfilled in a one-time frame 15 min so I will wait for 1 hr time frame to full fill this then I will be taking longs. For new readers Here is taken out condition:- "Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "
2. I made a red arrow on the green line that line can change the structure of the long side to downside If taken out in Both time frames. Those who are positional long should square off long if taken out in 15 min time frame.
3. The same green arrow shows an upper target if the starting of the arrow on green resistance takes out in 1 hr time frame then the green dotted line will be the target. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
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