गिरगिट की तरह रंग बदलना Take QUALITY TRADES only

https://forexbee.co/candlestick-patterns-dictionary-pdf/

PROBABILITY to WINNIBILITY

Trading types:
 SL hunting
 Breakout trading
 Range bound trading

Equity:
Trade in the Trend, Trend is your friend, ( never try to find Support in down trend, and never try to find
Resistance in uptrend, in fact do other way around).
Behti ganga me haath dhona hai.

Observation:
1. Do not listen to common mind (90% people), But this mind also goes both side at same time.
2. If market is going down don’t think of buying, look for sell at pullbacks. Same to other side.
3. There are most the times market factors which can give you short as well buy bias same time, so Risk Reward
should be the main concept to learn.
4. Play in pattern only. 1. Have patience 2. Multiple factors play (15 min chart)
5. First check 15 mint window for good movements if available.
6. Check all time windows to get better idea.
7. Take entries in Trend direction to get most profit.
8. When taking entries at levels have a biased first whether it should be range or breakout trade.

Patience
1. Don't enter in trade eagerly [FOMO], i.e. wait for double bottom or top to take entry.
2. Don't trade in a day if do not find a position.

Exits:
1. Know better how long on an average a price can fluctuate and close position.
2. If it turns back after quite a time, exit in cost only.

Tips:
1. Play in trend (Trend is your friend).
2. Lallantop strategy: When nifty 50 is not moving much but Bank Nifty is moving than there is a good change
of trading same as vice versa.
3. If a trade stayed in one side for long enough and break out to one direction, Risk Reward will be higher here.
4. Take Quality Trades only.

Warnings:

1. Beware of Trade Traps, Don’t get in Obvious Trades/Trapes.

Option Trading:
TO:DO: Check if at expiry next expiry should be taken?

Trade Psychological Times: 2:20 Trade 3PM Trade.

Rule:
1. You Can take just 2 Trades.
2. Do no take trade in first 5 minut candle.
3. When it breaks out after waiting/consolidating then it is good move,
4. Instant move is not that fruitful. Pehli dhara me not good
5. Avoid FOMO FOMO
6. Short SL, MAX Profit.
7. Don’t Repeat Mistake
8. Ghanshyam: ek level pe aye thoda wait kare tabhi me breakout pe lunga, direct niklega me ni lunga.
9. Never enter on straight long candle when it is reaching to a level, wait for another few candles of low size
than decide on entry.

Indicators: PCR 0.7 to 0.5 strong bullish

SCALPING:
20 Point NIFTY
50 Point BANK NIFTY

You can follow simple double top pattern

TIPS:
 Take Entries and Exits in Parts.
 Full money when fully convicted, less money when less convicted.

FACTS:
 No price is too low for a bear or two high for a bull.
 Getting out of the market with Right Loss Point is far better than wrong profit point
 Avoid Straddle near expiry, because of Time Decay is at PEAK (Though straddle is of no
use in small move market)
 Take Straddle only if market can boom otherwise you will get Time Decay.

3 Ways to get levels:

 Fib levels
 Major whole value like 42000
 resistance support touch levels
 Strike OI
 Previous day Low/High.

"Options" points to Notice: Bank Nifty

 If share run .50 Percent in 4 hours, this is equilibrium, considering Time Decay.
 Tuesday: Take at 500 & 600 point exact
 If stock goes downwards than profit will be mostly there in downwards move not opposite.
 If stock goes upwards than most profit would be on upwards move

(1mint window)Findings are 4 speed is average( wont yield profit in hedge)

5.5 is also good, 9 best,

"Options" points to Notice: Nifty

 (Monday): Peak profit at 200 points, Peak Loss at 200 as well.

"Options" points to Notice: Fin Nifty

Last day: 100 distance max profit

Trading Attacks you with:

 The lure to take entry [FOMO]( You will always find some point to take entry and end up with over trading,
but you should wait for the most convincing pattern/entry only, even if it miss don’t worry as you will get it
tomorrow instead bearing loss today.

 Make you increase SL ( It makes you not coming out of Stop loss at right time and make you hold onto it,
eventually you take more loss than you could have with following rules. Get out of the market at right SL,
Bear It.

 Make you get less Profit ( It does not let you get out of the market with correct profit but instead make you
wait so you get less profit of what you were getting earlier. Get our of the market at right time

Dont go for obvious positions as most retailers would have, have unique position

Images
Books Highlights
Trade Entry. The variables you use to define your edge have to be absolutely precise. The system has
to be designed so that it does not require you to make any subjective decisions or judgments about
whether your edge is present. If the market is aligned in a way that conforms with the rigid variables of
your system, then you have a trade; if not, then you don't have a trade. Period! No other extraneous or
random factors can enter into the equation.

Stop-Loss Exit. The same conditions apply to getting out of a trade that's not working. Your
methodology has to tell you exactly how much you need to risk to find out if the trade is going to work.
There is always an optimum point at which the possibility of a trade not working is so diminished,
especially in relationship to the profit potential, that you're better off taking your loss and getting your
mind clear to act on the next edge. Let the market structure determine where this optimum point is,
rather than using an arbitrary dollar amount that you are willing to risk on a trade. In any case,
whatever system you choose, it has to be absolutely exact, requiring no subjective decision making. Again, no
extraneous or random variables can enter into the equation.

Time Frame. Your trading methodology can be in any time frame that suits you, but all your entry and
exit signals have to be DUSCCi Hi cne same time frame. For example, if you use variables that identify
a particular support and resistance pattern on a 30-minute bar chart, then your risk and profit objective
calculations also have to be determined in a 30-minute time frame. However, trading in one time frame
does not preclude you from using other time frames as filters. For example, you could have as a filter a
rule that states you're only going to take trades that are in the direction of the major trend. There's an
old trading axiom that "The trend is your friend." It means that you have a higher probability of success
when you trade in the direction of the major trend, if there is one. In fact, the lowest-risk trade, with the
highest probability of success, occurs when you are buying dips (support) in an up-trending market or
selling rallies (resistance) in a down-trending market. To illustrate how this rule works, let's say that
you've chosen a precise way of identifying support and resistance patterns in a 30- minute time frame
as your edge. The rule is that you are only going to take trades in the direction of the major trend. A
trending market is defined as a series of higher highs and higher lows for an up-trending market and a
series of lower highs and lower lows for a downtrending market. The longer the time frame, the more
significant the trend, so a trending market on a daily bar chart is more significant than a trending
market on a 30-minute bar chart. Therefore, the trend on the daily bar chart would take precedence over
the trend on the 30-minute bar chart and would be considered the major trend.
To determine the direction of the major trend, look at what is happening on a daily bar chart. If the
trend is up on the daily, you are only going to look for a sell-off or retracement down to what your edge
defines as support on the 30-minute chart. That's where you will become a buyer. On the other hand, if
the trend is down on the daily, you are only going to look for a rally up to what your edge defines as a
resistance level to be a seller on the 30-minute chart. Your objective is to determine, in a downtrending
market, how far it can rally on an intraday basis and still not violate the symmetry of the
longer trend. In an up-trending market, your objective is to determine how far it can sell off on an
intraday basis without violating the symmetry of the longer trend. There's usually very little risk
associated with these intraday support and resistance points, because you don't have to let the market
go very far beyond them to tell you the trade isn't working.

Taking Profits. Believe it or not, of all the skills one needs to learn to be a consistently successful
trader, learning to take profits is probably the most difficult to master. A multitude of personal, often
very complicated psychological factors, as well as the effectiveness of one's market analysis, enter into
the equation. Unfortunately, sorting out this complex matrix of issues goes way beyond the scope of
this book. I point this out so that those of you who might be inclined to beat yourselves up for leaving
money on the table can relax and give yourselves a break. Even after you've acquired all the other
skills, it might take a very long time before you get this one down pat. Don't despair. There is a way to
set up a profit-taking regime that at least fulfills the objective of the fifth principle of consistency ("I
pay myself as the market makes money available to me").

I AM A CONSISTENT WINNER BECAUSE:

1. I objectively identify my edges.
2. I predefine the risk of every trade.
3. I completely accept risk or I am willing to let go of the trade.
4. I act on my edges without reservation or hesitation.
5. I pay myself as the market makes money available to me.
6. I continually monitor my susceptibility for making errors.
7. I understand the absolute necessity of these principles of consistent success and, therefore, I
never violate them.