Learning Group -VIJAYWADA

[niftyoption]

CUP AND HANDLE IN NIFTY SPOT HOURLY CHART BE CAREFUL IT IS NEAR BREAK OUT POINT ......

:thumb:

 

[XRAY27]

The market will often go contrary to what speculators have predicted. At these times, successful speculators must abandon their predictions and follow the action of the market. Prudent speculators never argue with the tape.
Markets are never wrong, but opinions often are. Remember, the market is designed to fool most of the people most of the time.

--Jesse Livermore

 

[XRAY27]

3 valleys and a river pattern

Refer:Trading charts pattern like pros -Suri Duddella

Update:

Present position

Continuation diamond pattern !! just above support zone

MAX OI @ 8500 CE 46.83L and 8300PE @ 54.84L

 

[XRAY27]

There must be a difference between these two groups of traders – the small minority of winners and the vast majority of losers who want to know what the winners know.they(winners)learned self-discipline, emotional control, and the ability to change their minds to flow with the markets.

 

[niftyoption]

Diamond pattern in NIFTY SPOT HOURLY CHART ....
:thumb:

 

[XRAY27]

Some facts about trading

1. Average winning % of trader 45 to 65%

2. Trading is probability business and not a perfection course

3. Trade to make money,not to be right

4. Keep it simple

 

[XRAY27]

Continuation diamond pattern !! just above support zone

Present position

 

[test123]

looks like bullish shark on daily markets

 

[Dax Devil]

There must be a difference between these two groups of traders – the small minority of winners and the vast majority of losers who want to know what the winners know.they(winners)learned self-discipline, emotional control, and the ability to change their minds to flow with the markets.

Hard and bitter fact is, losers don't have disciplined mindset at the onset, hence they are losers. Period.

I think, Xray, you were the one who posted this quote somewhere, something like: Winners look at the winning. Losers only look at the winners.

So there. Case closed.

 

[timepass]

looks like bullish shark on daily markets

Baba, please explain with markings on a chart. I find these harmonic patterns too tough to retain.