NSE:JSWSTEEL An Introduction to Price Action Trading Strategies helps for long-term investing as well. Here in this example of JSW steel,where would be better off selling in price action strength when stock price jump usually at a higher level The first thing I do is look at the chart and see if it has any apparent patterns. If not, then I will look at the...
Last 2-3 years was very intense for money printing, FRED website charts shows it as well. We also may look into some class of commodities (like corn, oats, wheat, energy), to confirm the words of significant loss in value of money. It's always worth thinking about securing your profits & diversify funds, with proper (for you) balance on different class of...
Disclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions...
Price is showing rejections towards the down sides. A simple strategy in use, I expect the price to rally up and break the ATH.
Whale alert and liquidator hunters “So beware” !
Good morning Traders, I hope you have all had a good weekend, As I've been stating in my earlier ideas we are coming into the 1.1490 area, this will be an interesting level, given the buying power that is still within the market as price action is indicating, at this current moment. We could have price action that spills out as illustrated, If we do Id be...
Afternoon Trader, I will be honest and say this IS NOT a trade I managed to take, I simply just missed it. Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action...
Evening Traders, As we can see I've scribbled a couple scenarios on the chart, it will be interesting to see how price action responds in the coming session we can see signs of exhaustion confirmed by the rejection candles from the 2 previous hourly candle close. I will be watching price action as we progress but I can see the level: 1.1490 as an area of...
Afternoon Traders, apologise I am a little later then usual but I only like to share once i have something of value to share. Anyway As you can see from current price action we are stuck in an overall channel, naturally I would be look for a break of the low to then change the trend and enter on a short however, I dont think we are ready for that, just yet. we...