The market is making lower highs.
Would it be safer to enter the trade when the previous high is broken?
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A newcomer learning trading for fun
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@ankitprajapati-Hk-zD_X8j Sure bro. Thank you for the suggestion.
Bro I saw the wick in the bottom, indicating there won’t be breakout, and the price will continue in the pennant pattern. So I went for a long position.
I’m using the Range trading strategy, not the breakout strategy.
Thanks for trying to help me bro, m...
I’m doing range trading, not breakout trading.
I saw the liquidity zone that confirmed there wouldn’t be a breakout and the price would continue in the pattern.
• Jan 27 8:10 PM
You need a Demat account
I know someone who’s 15 and uses their parents’ Demat account for trading.
As long as you have a PAN Card and can make a Demat account on a SEBI certified platform you’re good to go.
I lose trades due to false breakouts and false reversals.
What I was told is to use indicators like MACD & TMA. And also wait for engulfing candles. And sometimes I lose out on a great trade because of waiting for the signal or not recognising the signal early enough.
Do you have...
1. TMA (Three moving averages)combined with MACD(moving average convergence divergence)
2. Bollinger bands
These are the ones that I prefer, just do some back testing.
And it doesn’t guarantee profits in 30 days, it can take longer, or shorter.
All the best with trading bro