#Nifty50 Levels for 08-08-2023#Nifty50 Levels for 08-08-2023
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, Confirmations.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
Ganncycles
Forecast for Bitcoin for 2024: we are waiting for a reversalAt the moment, I am learning Gann methods and applying them on $BITSTAMP:BTCUSD. I also look at the world market. I have a table based on the astrological cycle that tells us that 2024 is going to be very interesting. Like in 2006...
And if you look at square 6 for a $BITSTAMP:BTCUSD. A 45 degree angle works great for him on this square. This can be seen in history, where 2014 and 2019 were reversals. It is not yet clear what will happen in 2024 - growth or decline. But we will be able to find out by the end of 2023.
GOLD DAILY SWING FORECASTBased on my study on Gann + Fibonacci + Elliott Wave, here's i present you the 2 months forecast for GOLD
Calculating swing height is much more harder since it was actually controlled by monetary policy rather than just a natural phenomena, what we can actually count is just the time
So we know when it will go up or down
I don't guarantee a perfect timing nor trading plan, but rather a good insight based on my knowledge!
Further update will release very soon
Sincerely, H. Haidar
GOLD INTRADAY SWING FORECASTOkay, so eventually i realized some more knowledge on time advantage
you can only trade based on time, but the cycle sometimes out of phase..
so what you only need to do is to combine time cycle and volume
Few knowledge, that i will share at this post
1. every 8PM (UTC+7) (H3 TF), a trend tends to change. I've found that the volume will significantly change at that specific time, causing a volume imbalance between buyers and sellers that eventually will lead to a trend change after a couple bars.
2. Because you know that reason, you can calculate it with math or just by using geometric object, in this case i use a special algorithm rather than use that, so i can count it almost perfectly to smaller TF..if i'm being greedy i could count it with M1 TF
3. I will not give you a perfect timing, but rather a time cycle guidance which i never know will it work in the future. Had been backtested with 97.8% correlation
Cheers, Chartwatcher1997
1 Week Gold Intraday Turning Point ForecastHi, everyone!
Following my previous daily forecast, as i said before i will try to do a intraday forecast
Okay, so this is how central banks actually trade
They don't care about price, but they do extremely care about time
Behind this forecast i use a method called harmonic analysis which W.D Gann use in 1920s and because we live in technology era i also combine it with my special custom neural network algorithm, which i designed earlier.
I haven't test this method yet, but i think it should work too,,
but maybe it could also happen very off from what we expect earlier.
So, remember that i don't provide any trading plan! Okay...
i just want to share my knowledge on GOLD
All time zone was in UTC+7 and 24H format to avoid confusion
12/06
5:15
8:00
14:45
20:30
23:30
13/06
3:45
8:00
11:15
16:00
22:30
14/06
2:30
5:30
8:45
15:15
17:45
23:45 PROBABLY MAJOR (DUE TO FED NEWS)
15/06
3:45
9:15 HARMONIC MAJOR (MATHEMATICAL TIME MAJOR CYCLE)
10:45
15:30
19:15
00:30
16/06
4:45
9:45
13:45
SPY Update (weekly)We struggled once again at the 50% retrace from 2022 low to high, the ABCD points A and C rejected off this important level around 414 to create something akin to a short term double top. I am projecting continued selling to continue to the Gann confluence point around 390 on around June 5, even though technically the RSI (12) weekly is at 53.96. However, the RSI trend is flat. The saying goes, "Sell in May and go away" and the "anomaly has a strong track record.
Take this information from the Book "Market Anomalies", by the founder of Zacks Investment.....
"Using the rule sell on the first trading day in May and buy on
the sixth trading day before the end of October, for the S&P 500 and
Russell 2000 futures indexes for the years 1993–2010, respectively. This
rule did indeed beat a buy-and-hold strategy
----------------
For the S&P 500 a buy-and-hold strategy turns $1 on February 4, 1993,
into $1.96 on December 31, 2010, whereas, sell in May and move into
cash, counting interest (Fed funds effective monthly rate for sell in May)
and dividends for the buy and hold, had a final wealth of $3.73, some
90.7% higher
----------------
...... sell-in-May-and-go-away is superior to buy and hold"
At a minimum, now is not the time to be adding longs....
A Sample of Gann applied to Palladium This is a sample of a properly squared asset using Gann Fans and Boxes. The technique is simple as Gann spoke. Price = Time. Once these are matched up an asset is what they call "scaled". Gann's theory spoke of how price/ trend changes were to be expected when price moved outside of the Gann Box. In this case we can see that they happen on a yearly cycle and iterations of that. Now this chart has an extended 3rd box, but the iteration is not known right now because price has not shown support. Gann also spoke of the importance of determining tops and bottoms as well as support and resistance. From my experience when the cycles are known the tops and mids of the boxes are clear points of resistance and support (blue lines). The yellow lines are just the Gann Boxes with Fibonacci points of interest. You can set the Gann Box however you like in TV settings. You can zoom in to see how this system works with the price. Each line of the Gann fan have a personality when it comes to price action. Esp the yellow 1/3 line. TV has these lines backwards, but if your familiar with Gann you know the power of this line (yellow).
Once a chart is properly scaled you can lock the scale and change the timeframes for added detail as seen here. SO if there is any drift seen it is because the scale was lowered here vs using the actual scaled days. A powerful tool when trading and done properly b/c u get to see the details while keeping all the data on screen. Most ppl do not properly scale their charts and that can have unreliable results. Just sharing, I work most of my charts like this and add other techniques to make trading decisions. Enjoy.
Note u can zoom in and out using the price scale to the right.
A 10 years experimental outlook for DOW JONES INDUSTRIAL AVERAGEHi, everyone.
Currently i'm learning Gann's method on annual forecasting. But, i'll tried it to make it 10 years further.
It's so hard to find his documentation on his techniques, so i may be wrong.
Everyone who see this post, live in a little bit more than 50% of major 60 years cycle like 1929 and 1869. So, the next cycle would be around 2049
But if this was correct, i can see that there is no crashes until January 2026. and you should thank me and Gann later for inventing this useful manual technique.
But if this was completely wrong or not correct at all, it's definitely my fault..cause i still know nothing...so please don't hate me.
I use a combination of machine learning algorithm named Learning Vector Quantization , this algo is supervised learning which i set the dataset from 2010 (after last crash), and EMA 21/34/90 to filter out the trend.
In combo with that, i also use a time series model based on financial astrology as how Gann's did in the past. In this case, i don't use Gann angle because it is very effortful, so there will be a 1 or 2 bars different each swing.
Using gann's angle provide more accuracy of how the price will go, but it took a lot of time.
So, because i'm predicting 10 years further i'm not gonna using it this time.
Yeah, so that's where all of my prediction comes from. Hope you explore more, so you'll realize how cyclical the market is.
Cheers, H. Haidar
PLEASE REMEMBER THAT I COULD BE WRONG, OKAY.
SO YOU DONT BLAME ME FOR YOUR TRADING DECISION
BTC Usdt Gann angles cycle time/price
A cluster area in the middle and a difficult angle at 180. If it is crossed to the top, it will be a strong ascent to the target of the 360 round, then the correction will be stronger and faster.
#gann
#btc
Beautiful High Probability Trade Gann BTCSee my previous posts for the beautiful astrological indicators having played out beautifully. The Mercury speed and Gann indications showed much weakness despite so many being over optimistic about 25k. This is the power of planetary speed and time squared.
Now BTC broke through the 1x1 and is looking to make its way down to the 2x1 before some pivot dates coming up in 2-3 days.
Be careful to trade, use M5. Big liquidity every 6 hoursThis month was very bullish, but its volatility is terribly high due to economic uncertainty
Probably could extend until the mid of 2024, could worsen at around March after bad news release
Use pending orders instead of direct orders.
And watch your chart at 5 minute timeframe
Gold still maintain bullish probably until March 9 or March 12
Wait until its retracement at 1850.7 then go long all the way in.
FOMC minute will be held in less than 12 hours, i predict GOLD will go at least 1870
Check the volatility with Volume Flow v6 Indicators, my timezone is in GMT+7
I found that GOLD kinda have liquidity injection every 6 hours
either in buyer side or seller side, you can check it in my analysis..
so whenever that injection coming the market always getting really fast, 1 minute late and you can lose 10 pips for nothing
The reason why i suggest you guys to buy full margin previously is because this bullish trend could last up to 5 months from the start
Cheers, H. Haidar
How To Succeed In Your TradingFocus on one single trading strategy
One thing that many people try and do is switch between strategies constantly. This is setting you up for failure, and if the concept of probabilities is truly understood, you will comprehend the reasons why a single strategy will work.
Any strategy is not going to have a 100% win rate, so first you should attempt at getting 50% of your trades right. After that mastering a 2:1 Reward to risk ratio is what will make you profitable. Trying to juggle many strategies will have you working tirelessly, but not moving forward in any particular one.
Less trading, more education
Many people have the conception that spending countless hours in front of the screen looking for potential set ups is how it should be, however that is completely wrong in my eyes. I spend minimal time now looking at charts and set ups, I highlight key levels I want to look at, along with alerts, and simply wait for the market to head there. Time spent looking at charts should be simply for education and mastering your strategy through back testing or simply understanding previous data.
Approach the market from a neutral position
Anyone that knows me knows how big I am on trading psychology and how I believe it is the most important aspect of trading.
Emotions in trading can be one of your greatest enemies as it can lead you to failure even after your success. There are scenarios where you can take trades and be in positive which will lead you to feel over confident, happy, and those will ultimately will lead to irrational decisions if you let them. Those emotions will make you believe you are better than the markets, or that you can outsmart them, ultimately leading your successful trade to turn into a failure. The same can happen when you feel the opposite and lack confidence to enter another trade due to a loss, or think have feelings of doubt.
This is why the market needs to be approached by a completely neutral position. Once you understand that for every person on one side of a trade, there is someone on the opposite side, you will begin to understand that the market itself is just a whole bunch of neutral information moving in nobody’s favour.
Write your goals
Affirmations are great and something that has helped me in every aspect of my life and not just trading. It is very important to write down your goals in order to manifest them into reality. All ideas first begin in the mind, and then come into the physical. Your goals need to be solidified, definite, and written down in order for your mind and yourself to know exactly what you are going after.
Every single day, you need to read your goals aloud, envision them in your mind with every bit of detail possible in order to bring them into the physical. In order to achieve a goal you need to arrive at the destination first in your mind.
Relax
There is no need to rush a single thing in your trading journey, and believe me take it from my experience, every time I tried to, I failed. People attend university for years before going out into a career which then takes many years before mastering it, yet people want to master trading in a year.
Patience is required in all aspects of trading, whether it’s on the charts themselves, or with your strategy, or with your learning curve. It all requires patience. If you are going after trading as a serious life career which you aim to remain in, then relaxing and taking your time is the first step. Nothing great comes from rushing it, especially the markets.
Know how to handle your trades
Based on your strategy and the concept of probability there are a number of things needed in order to appropriately handle your trades.
Firstly, don’t touch your stop loss. I cant say this enough, but stop losses are determined as the final barrier before the trade is invalid, and they are determine before entering the trade. If you find yourself moving your stop, ask yourself why. You will find out mostly its out of fear of losing your money, which is one of the 4 fears of trading. Accept your loss and let the trade stop out, you had it there for a reason.
Also, don’t leave trades behind out of fear. If you have a strategy that you have confidently developed, you should understand that the overall should be a greater number of winners than losers, and you should not leave trades behind out of fear, because they can be the ones that perform the best and make up for the losers.
Another thing to have in place is an appropriate strategy for exiting your trades. Many people have trades that are in profit, however due to the lack of knowledge on how to exit their trades, they still end up not profitable. You need to have a system on how to exit your trades appropriately and at what levels. Always remember, the profit running on a trade is not yours until its closed.
Risk management
Yes, I know you have heard it and read it a thousand times already, but you have no idea how important risk management is until the day you master it and recognise it was the single greatest thing holding you back from success.
People can have amazing strategies, the best reward to risk ratios, but with the inappropriate risk management trust me it means absolutely nothing. I have seen people overleverage on a trade simply because it “looked too good” compared to other trades, only for it to be the worst of the bunch.
I have seen people lose tremendous amounts of money and one thing I can promise you is not a single one of these people lost 100 trades in a row at 1% a trade. Every single one of them lost their entire accounts due to ONE trade that they married.
Risk management should be one of your main areas of focus, because believe me if you have mastered it, even with an average strategy you are doing much better than someone with an exceptional strategy with no adequate risk management.
Keep track of your performance
The only way to improve in any aspect of life is to first recognise what needs change and then work on it. It is very important to actually understand your positives and negatives and have them all tracked. A journal is one of the first steps in order to look in the mirror. Being completely honest is the only way a journal will work, and lying is only lying to yourself. If you are after serious improvement you need to appropriately identify all your flaws in order to better them.
You should never feel down or behind, remember trading the markets is one of the biggest psychological challenges one can face, and that is exactly why not everyone is suited for them. Instead see it as a challenge to better yourself and achieve the perfection and discipline you have always desired on and off the charts. Trading the markets will teach you lessons that you will carry with you throughout your entire life and not just on the trading floor.
S&P500 Going down another 40% - Market Bottom in May 2023In conjunction with my previous Dow Jones analysis (Link to it down below), we foresee another 40% drop in S&P500 until mid-2023.
The analysis done on these charts is based on old repeated market cycles that were last seen during the market crash of 2008.
As you can see clearly on the charts, the market has been playing the exact scenario of 2008, since March of 2022!
It's fascinating how similar markets are working their way, and people don't seem to notice at all...
There is a verse of the bible that W.D.Gann used a lot in his books which says: "What has been will be again, what has been done will be done again; there is nothing new under the sun." Always keep this in mind when you are reading the market.