16th May - USDINR - Study of Technical Analysis so IMP

R

ronak8952

New Member
#1
#1
Dear All,

Study of Technical Analysis is the key for any person trading.
Today is 16th May, Narendra Modi is going to be our next PM.
Most people including me thought that the USDINR will definitely going to go down.
It opened with a gap down.
But the graphs showed me a different picture.
If the %B indicator and the price movement are in divergence symmetrically then there is a chance to see a reversal movement.
It occurred but I missed. But I learnt a lesson today that studying in-depth TA is the only key for trading successfully.
I have many examples of %B indicator with Price movement divergence.
If anyone would like to have just give me your email ID.
I would be happy to share with it.
Thank you very much.

Happy Trading.....
Regards,
Ronak
 

Attachments

amitrandive

amitrandive

Well-Known Member
#2
#2
ronak8952 said:
Dear All,

Study of Technical Analysis is the key for any person trading.
Today is 16th May, Narendra Modi is going to be our next PM.
Most people including me thought that the USDINR will definitely going to go down.
It opened with a gap down.
But the graphs showed me a different picture.
If the %B indicator and the price movement are in divergence symmetrically then there is a chance to see a reversal movement.
It occurred but I missed. But I learnt a lesson today that studying in-depth TA is the only key for trading successfully.
I have many examples of %B indicator with Price movement divergence.
If anyone would like to have just give me your email ID.
I would be happy to share with it.
Thank you very much.

Happy Trading.....
Regards,
Ronak
Click to expand...
Ronak

There is always a correlation between Nifty and USDINR.See the two links and multi-month chart of USDINR which reflect the same.
No indicator is required to understand this.

http://www.traderji.com/technical-a...high-probability-breakouts-11.html#post959604

http://www.traderji.com/technical-a...high-probability-breakouts-12.html#post959608


 
C

chilgu

Active Member
#3
#3
ronak8952 said:
Dear All,

Study of Technical Analysis is the key for any person trading.
Today is 16th May, Narendra Modi is going to be our next PM.
Most people including me thought that the USDINR will definitely going to go down.
It opened with a gap down.
But the graphs showed me a different picture.
If the %B indicator and the price movement are in divergence symmetrically then there is a chance to see a reversal movement.
It occurred but I missed. But I learnt a lesson today that studying in-depth TA is the only key for trading successfully.
I have many examples of %B indicator with Price movement divergence.
If anyone would like to have just give me your email ID.
I would be happy to share with it.
Thank you very much.

Happy Trading.....
Regards,
Ronak
Click to expand...
Can you eleborate shorting situations
 
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