My way or HighWay
"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.
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.
Not
1. Find the slope of prices on higher time frame.Not
2. Identify multi pivot line and equal reaction legs.Not
3. Find the measuring implication using pitchforkNot
4. Find out the action of sellers or buyers.Not
5. Take Clue from pastNot
6. Analyse the previous swing structure.Not
7. Are those lines still valid, Find out by making offset copies.Not
8. Now come to lower time frame and study price action.Not
9. Find out possible price targets at higher time frame.Not
10. Find out Possible target using same next pivot point of same reaction legs.Not
11. Find the slope of prices at lower time frame.Not
12. Look out for trading opportunities in the direction of slope using demand supply disequilibrium.Not
What are the 3 trading opportunities? Golden question. ....look out for contraction and expension of swing structure near gap area.Not
For Ease of doing business, see the Elliot waves in Kennedy channel.Not
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.
Not
Let us watch where prices take support at Base channel.Not
RedrawnNot
PRICES TAKING SUPPORT AT UPPER PARALLEL OF BASE CHANNEL (REFER SEPEMBER 20TH COMMENTS)Not
PRICES TAKING SUPPORT AT BASE CHANNEL
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.