My way or HighWay

19 thg 9, 2020

"This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince. To make understanding simple I am puting down the analysis step by step using snapshots. Later will be updating on trade ideas, if market gives opportunity.

DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.

This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.

19 thg 9, 2020

Ghi chú

1. Find the slope of prices on higher time frame.

19 thg 9, 2020

Ghi chú

2. Identify multi pivot line and equal reaction legs.

19 thg 9, 2020

Ghi chú

3. Find the measuring implication using pitchfork

19 thg 9, 2020

Ghi chú

4. Find out the action of sellers or buyers.

19 thg 9, 2020

Ghi chú

5. Take Clue from past

19 thg 9, 2020

Ghi chú

6. Analyse the previous swing structure.

19 thg 9, 2020

Ghi chú

7. Are those lines still valid, Find out by making offset copies.

19 thg 9, 2020

Ghi chú

8. Now come to lower time frame and study price action.

19 thg 9, 2020

Ghi chú

9. Find out possible price targets at higher time frame.

19 thg 9, 2020

Ghi chú

10. Find out Possible target using same next pivot point of same reaction legs.

19 thg 9, 2020

Ghi chú

11. Find the slope of prices at lower time frame.

19 thg 9, 2020

Ghi chú

12. Look out for trading opportunities in the direction of slope using demand supply disequilibrium.

19 thg 9, 2020

Ghi chú

What are the 3 trading opportunities? Golden question. ....look out for contraction and expension of swing structure near gap area.

20 thg 9, 2020

Ghi chú

For Ease of doing business, see the Elliot waves in Kennedy channel.

20 thg 9, 2020

Ghi chú

Note: (By Jeffry Kennedy)
1. As long as prices move is contained by deceleration channel(parallel channel), the price action is countertrend, and once complete, it will be more than fully retraced.
2. The upper boundry line of base channel supports the fourth wave at either the upper boundry line, midline, or lower boundry line.
3. As soon as wave 4 is in place and price broken above the upper boundry line of deceleration channel, draw the final channel, the Terminating channel to identify resistance for wave 5. Thats how the channeling technique works.

23 thg 9, 2020

Ghi chú

Let us watch where prices take support at Base channel.

23 thg 9, 2020

Ghi chú

Redrawn

24 thg 9, 2020

Ghi chú

PRICES TAKING SUPPORT AT UPPER PARALLEL OF BASE CHANNEL (REFER SEPEMBER 20TH COMMENTS)

28 thg 9, 2020

Ghi chú

PRICES TAKING SUPPORT AT BASE CHANNEL