if u have proper back testing and planned it and after that it hit ur loss then no problem its part of ur plan so always wait for next entry and once u lose u must be very very careful with next entry unless u are very confident with that or wait for the best entry always
its frustrating if hits stop loss and goes in same direction all we can do is follow rules and manage risk and be disciplined, do not worry and be confident taht u can take better entry next time when the opportunity comes,
avoid mistakes to revenge trade or to rush and give into emotions , its psychology u have to be careful with such trades or u can lose more after profits, it can hurt u more and try to recover that without checking risk and going with the flow , these are the mistakes i did in past and trying not to do those again, make a journal and keep it and note down such issues honestly and try to visit it often and take trades objectively always.
Hello satshriakal
I have a question so please guide me prabhuji what should I do
If in market I got a pattern which says it goes up or down and on that basis I buy a put or call and keep SL as per my risk and if market hit my SL and then go in my direction what should be done
If you say buy again than at which cost SL cost or at the cost I buy before
its also called risk on day no matter levels sometimes it keeps dropping in one single day till market closes
we can know by using levels and i could show more than 7 patterns in todays market alone , but choose the best and take the most accurate ones
am guiding and posting coz many follow so i have to post now and then it doesnt mean u have to take all , always choose the best and ve very focused
all the above things may be i will have to repeat more million times in future
its my duty, may be one time or some day it might help or if they listen can change their life actually.
Hi sir 1992.6-1987.5 cld act as a support for reversal and price bounce wld it be correct sir ?
Читать полностью…❤️ Totally Agree Dear SON " Let the market dictate Give us "feedback" as LP says " Trade What you see and not what you think" ❤️ And Also as we say "FLAT" is a seldom used thing But is a Position of merit ❤️
Читать полностью…eventhough i have lot of methods i simple see price and what it does tells us everything same happened in nifty as well once head and shoulder fails more upside so when patterns or important levels fails it takes that direction and goes strong, we have to decide if its real trend of just fake out
Читать полностью…Sir new cycle u told ll start from 2005 so it’s keep on droping so top is done at 2146 ?
Читать полностью…https://x.com/priceactiongann/status/1733828557254623238?s=20
#trading #priceaction #forextrading
“If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
#stocks #stockmarket #gann #stockmarkets #nifty50 #BankNiftyOptions
Good to hear from you once again Uncle and Coach Zarif. I wish you quickest recovery.
Читать полностью…when broke 2005 i dint watch closed all just replying in telegram i clearly know when broken can drop more, i didnt take any sell or post here. reason like i said when absolutely sure and we know lot but we choose them so its very perfect and confident
Читать полностью…1997 to 1998 was next level thats y it holds there but there are many small dnt have to take all just focus on bigger ones which i give can see obviously during this massive drop it managed to hold and retrace 90 pips or so in all levels so choose such and be careful and when used trail stop can exit fast, if u are trading gold contracts in usd its worth too much even 50 pips can cost u so much actually
Читать полностью…whole market is meant to manipulate human mind, what i mean is manipulation at the encoded or major levels, its also confirmations when manipulates or false breakout happens it says its the perfect level for sure, its one of the method to confirm but it all can happen after price action, i forecast based on my experience and of things but when i trade or u trade make sure to follow risk and know ur plan and be disciplined, u will do fine.
this takes a lot of practice and chart study and u will get this by getting hurt and learn from that only no other option. make sure u loss less in this process and grow ur edge and plan more . keep it simple
May be because of uncertainty in the market due to lots of global factors n economy. So manipulation is there. Every month these data are fluctuating with ups n down plus last month of the year so something has to happen to give way for next year.
Читать полностью…from here on we let the market give us hints and confirmations, its what i always mean confirmations, levels holding and price pattern formation and how price aligns and holds there are the keys and we try to get in and get out as soon as we get some profits , simple as that, sometimes it can go long trend non stop drop like 2039 top 2019 i looked next 2005 now again goes down which confirms big cycle after price action which is good too and future levels if buying or retest of this sell trend can happen again in those levels
Читать полностью…not sure honestly during these markets monday can go up and gap up
so this could be manipulation
the real problem with recent markets is they hold a level and later manipulates there
we as a trader can take only hints like 2019 bounce again dropped and 2005 bounce again dropped so only way is to use levels and confirmations , where it confuses more is sometimes it manipulates like fake break out adn etc and pushes price up