Price action with Candlestick Analysis(No indicators)

hik

Well-Known Member
Hi Hik,

nice thread about candles and SR levels.
thanks for the initiative.
just had a query about trading with weekly charts.
do u think our risk is too high,if we trade using weekly (and monthly to support) charts?
for ppl who are busy with day jobs , it will be tough to look at the daily charts everyday EOD.

thanks
Yes, the risk is high when you trade on weekly chart, this method never suits the intraday , low risk , low profit style. But it gives us a solid method for investment and 3-4 days trading purposes, the capital required is quite high , but we can earn lots of money. it takes around 5minutes to monitor our positions on an EOD chart, if you dont have that time also then its better stick to the fundamentals of a company.becoz techinal nalysis requires sometime.
 

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