NIFTY1! trade ideas
Nifty Breaking day Low;Triggered a sell at Vwap-25th April '24Below mentioned points are discussed in my post analysis video(Fast forward to 0:27 for Hindi Audio)
-No Trades in the morning
-Good Buy Volumes in Nifty Before 10
-Nifty Futures Breaking day Low;Triggered a sell at Vwap.
-How will i trade when market opens tom
Sold Nifty Future Below 22440 for a gap fill-24th April ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:27 for Hindi Audio)
-No Trades in the morning
-Poor Volumes in nifty before 10
-Sold Nifty Future Below 22440 for a gap fill!
-How will i trade when market opens tom
Scalped Sold Nifty Future At Vwap;Got out at Cost-23rd April ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:41 for Hindi Audio)
-No Trades in the morning
-No Volumes in nifty before 10;Vix dropped to 10.
-Scalped Sold Nifty At Vwap;Got out at Cost.
-How will i trade when market opens tom
Nifty below Day high was the trigger to Sell-19th April ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:54 for Hindi Audio)
-No Trades in the morning
-No Volume Structures in Nifty before 10
-Nifty below Day high was the trigger to Sell;Skipped Buying
-How will i trade when market opens tom
[Positional] BankNIFTY Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
Five waves and three correction waves are possibleEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
Bought Nifty future around 22220 for a New High-18th April ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:56 for Hindi Audio)
-No Trades in the morning
-Good Volumes in Nifty after 10
-Bought Nifty future around 22220 for a New High;Poor R:R
-How will i trade when market opens tom