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Nifty today pre market views dated 27april2021Hi!, this is my personal study and analysis on nifty market( NSE ), Disclaimer : Consult your financial advisor before investing ...
These analysis expressed here is only for observation only...
As of now nifty is volatile but expected to see nifty at 14000 levels this week .... as data show ... my plan is to look for 14000 levels from higher zone as pattern shows down trend in near future . thanks for reading ... its pre-market analysis time 9:10 AM
100 Year Cycle Coming To An End In 2029 (DOW JONES)I am a long-term bullish investor.
I love seeing massive blood and panic... But this is different... Many people will die because of this crash. (I take that very seriously)
The Dow Jones Will Rally Until 2029.
Please be prepared my friends.
Start hedging your USD to avoid hyperinflation.
Start a food storage plan.
This will not be a joke.
We can protect ourselves by playing their game.
It moves in 100-year cycles just like how Bitcoin moves in 4-year cycles.
This may seem like a negative post.
Its only purpose is education.
After this crash will be 100 years of financial prosperity.
The message is positive.
RidetheMacro| DOW Jones What's Next?Trade based on Fundamentals and Price action Only.
With RISK MANAGEMENT YOU WILL NEVER LOSS.
LONG & SHORT POSITION TOOL📚An In-Depth Look at Using This ToolThis illustration explains the functionality of TradingView's Long/Short Position Tool and is intended to help new people looking for more information on this tool in a "novice friendly" format. TradingView’s position tool will aid you in pre-planning and pre-evaluating trades and as such should be an essential part of every trader's toolkit .
Note:
At its simplest, the position tool can quickly show you the R:R (Risk-To-Reward) of a single trade. By doing a little extra work, you’ll be able to then use this tool to properly plan for the risk of all trades you are taking compared to your total account size.
Hit that 👍 button to show support for the content!
Help the community grow by giving us a follow 🐣
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Important terms:
Tick = A tick is a measure of the minimum upward or downward movement in price.
Trade outcome statistics = Used to track the outcome of a trade.
Example:
“Current XYZ position closed
+5.25% gain
10840 account balance after trade impact”
P&L = A representation of current Profit & Loss. Be careful where you position the tool, as the P&L is calculated based on the position of the tool.
Here are two uses for the Position Tool:
1. Only R:R = To quickly find only the R:R of a trade. This method does not bother changing account balance and such is only acceptable if you are tracking your current account balance and doing risk calculations off-platform in something such as a google spreadsheet.
2. Risk+R:R = To ensure your current trade idea meets both your R:R and max risk tolerance (risk amount; in our case, 1%). This is achieved by changing the “Account Size” option every time you are building a new position. This is the advised method to use, since like your trade journal, it’ll help keep you accurate and accountable.
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We will now explain the options contained within the tool’s input on-chart menu:
Account size = The current available balance within your account, the keyword here is available. If you are using the "Risk" option explained below then this needs to be updated upon starting to create a new trade setup.
Risk = Your max tolerable risk amount (either in absolute numbers or as a % of your account size). The default option is "absolute numbers," this uses the base currency of the on chart asset (If you were on ETHBTC, then the base currency would be BTC; for SPX500USD it is USD since this asset is displayed in its USD value). As you know, we suggest you stick to %.
Entry Price = The price you will be entering the position at.
PROFIT LEVEL:
Ticks = The tick difference from the entry price to the profit target.
Price = The take profit price.
STOP LEVEL:
Ticks = The tick difference from the entry price to the stop loss.
Price = The stop losses price.
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We will now explain all metrics being displayed on the tool while it is plotted on the chart:
Top info panel:
1. The difference in base currency (USD) from the entry price to the take profit price.
2. The difference in percentage change from the entry price to the take profit price.
3. The difference in ticks from the entry price to the take profit price.
4. The hypothetical account balance after the take profit target is achieved.
Middle info panel:
1. Simulated P&L from the entry price to where the current live price is.
(Displayed in the base currency of the on chart asset, USD in this example)
2. The quantity of the asset that should be purchased at the entry price.
This is calculated as follows: Qty = Risk / (Entry Price – Stop Price)
3. The risk to reward ratio, this is how much you could gain compared to how much you could lose.
The calculation is as follows:
Risk/Reward Ratio = ((Take profit price - Entry price) / (Entry price - Stop loss price))
Bottom info panel:
1. The base currency (USD) difference from the entry price to the stop-loss price.
2. The difference in percentage change from the entry to the stop-loss price.
3. The difference in ticks from the entry price to the stop-loss price.
4. The hypothetical account balance after the stop-loss is hit.
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Lastly, we will explain how Position Size and Account Balance are being calculated by TradingView:
Long Position Variant
Position Size:
Qty = RiskSize / (EntryPrice - StopPrice)
Account Balance when a position is closed after reaching the Take Profit level:
Amount = AccountSize + (ProfitLevel – EntryPrice) * Qty
Account Balance when position is closed after reaching the Stop Loss level:
Amount = AccountSize – (EntryPrice – StopLevel) * Qty
Short Position Variant
Position Size:
Qty = RiskSize / (StopPrice - EntryPrice)
Account Balance when a position is closed after reaching the Take Profit level:
Amount = AccountSize + (EntryPrice - ProfitLevel) * Qty
Account Balance when a position is closed after reaching the Stop Loss level:
Amount = AccountSize – (StopLevel – EntryPrice) * Qty
AccountSize:
Initial account size specified in the settings
RiskSize:
If the "Risk" option is set to "absolute numbers" = Risk
If the "Risk" option is set to "percentage of account size" = Risk / 100 * AccountSize
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Reference: www.tradingview.com
If we made any mistakes please let us know in the comments. There was a lot of formatting we needed to do to best display all of this information for you guys!
Enjoy. :)
Trade Log NIFTY August 12I expressed my thoughts in August 11 post
If global cues are supportive , then NIFTY may attempt another go towards 11380-11390 zone. I think this level should pose some resistance. With VIX slowing down, intraday range is compressing. I do not have a clear view for tomorrow.
One very interesting observation is, both days and the week so far has formed dragonfly candles -> open = close (within some points). These candles back to back may be seen as a sign of coming climax+exhaustion. So in the next one or two days, NIFTY may show a large red body candle.
NIFTY opened a gap down but did not follow through.
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My Trades
I sold 11300 PUT when the signal occurred for intraday buy. This was covered later.
My observations for the day
NIFTY closed flat -0.12%
BANK NIFTY closed 0.17% up
VIX dropped further 2.41%, so far VIX has dropped 6%+
Advance Decline ratio is 23 to 27
Option data confirming the narrow range of 11200 - 11400.
My view
Unchanged view. I still feel the climax move is pending on NIFTY. Possible reversal trade is 11380-11400. But for shorting it is best to wait for price action to confirm the same.
August 11 Trade Log
Weekly View
*Possibility 1 as per my assumption.
Nikkei wouldn't break out!Hey everyone,
The last time the Nikkei went straight upwards there was huge momentum and strength like a Huracan. Now it's more like summer brise. That's why i don't think the Nikkei leaves the channel (or long lagged triangle). So in my personal oppinion we will see the Nikkei go sideways for a period of time.
I hope that helps!
Please leave a follow, my goal is 200 :)
DAX on it's way to wave CHey everyone,
the DAX made it's way to wave B successfully, now it's time for wave C within this week. I could imagine, Wave C will be around next week. A goal would be between 12000 and 11600. After that a long trade would be a great chance!
Much fun with that trade!
Leave a Follow, my goal is 200 <3
EUR/USD Bullish View by ThinkingAntsOk🔸 DAILY CHART EXPLANATION:
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🔸Price broke the Descending Trendline.
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🔸Also, it has broken the Resistance Zone.
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🔸We consider that it has potential to reach the next Resistance Zone. Will wait for a corrective move to get involved on this pair.
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🔸 Will look for a lower timeframe bullish setup.
🔸 4H CHART ANALYSIS:
EUR/JPY Top Retest? by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸Due to that, we were expecting a bearish brekout of the consolidation.
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🔸 It has broken the Resistance Zone, so, we consider that there is potential for an upside move towards the previous high.
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🔸 Will look for a lower timeframe bullish setup (short term).
EUR/NZD Bearish view by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price is on a downtrend.
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🔸 It has broken the Descending Trendline, however, the bullish strenght was not enough to break the Resistance Zone.
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🔸 Instead, the structure has been broken to the downside.
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🔸 Will look for a lower timeframe setup.
🔸DAILY CHART ANALYSIS:
GBP/AUD New Bullish Impulse? by ThinkingAntsOk🔸 WEEKLY CHART EXPLANATION:
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🔸 Price is facing the Ascending Trendline.
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🔸 It showed some rejection signals at the current zone.
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🔸 We observe that the last downside impulse was very pronounced, however, price is on an uptrend. Higher highs and higher lows can be spotted. In case the Trendline can not hold, then the Support Zone would be the first Target of the downside move.
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🔸 Will look for lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
AUD/USD Long Term View by ThinkingAntsOk🔸 WEEKLY CHART EXPLANATION:
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🔸 Price is on a Downtrend.
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🔸 We observe that was rejected at the confluence zone between the Descending Trendline and the Resistance Zone.
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🔸 If it breaks to the upside then the bullish scenario would be active, and the target of the move is the Resistance Zone. And, if price continues to the downside, then it has potential to reach the Support Zone.
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🔸 Will look for lower timeframe setup.
🔸 DAILY CHART ANALYSIS: