How to trade using MACD, RSI, Candlestick and patterns?

There are classical trading methods available across technical analysis. A few widely used methods are like use of chart patterns and Candlestick methods.

Many combine indicators like RSI, MACD, ROC etc along with the patterns for confirmation. I use the following indicators but in a very different way:

•  Bar and Candlestick methods / Patterns
• Bollinger Bands
• Relative Strength Index (RSI)
• ATR (to gauge volatility)
•  Elliott wave

For the first time I will be disclosing each of these methods in a very detailed fashion along with the exact trade setup that one has to take.

To learn more on the above methods you can Register here

It is only 10% of the traders who make money consistently in markets and so even if you are using these indicators or methods it has to be followed in a different way than how majority of them are using it.

I question each and everything and do not accept it at the face value. Any parameter decided for Moving average, RSI, ROC or anything has to be derived using simple techniques which will differentiate you from everyone else.

Trust me it is possible to make money with systematic risk in markets provided you follow the rules and required discipline.

You can now register for the Master of Technical Analysis (MOTA) module scheduled on 2^nd – 3^rd March and see the power of the methods yourself and you will be astonished. Register here

 

Cheers,
Ashish Kyal, CMT
+91 9920422202

MCX Silver: Application of Bollinger Bands(R)!

MCX Silver has been moving in overlapping fashion and has been protecting the low of 39900 on the downside moving in lackluster manner. Silver post making a high near 41100 levels witnessed a sharp selling making a low near 40000 and now prices are moving within range and are failing to show much momentum.

Below is the chart showing how to capture reversal areas using Bollinger bands along with channels and Elliott wave counts published in commodity report on 27^th February 2019.

 Silver Mar 60 mins chart: 

(Following is the gist taken from research published on 27^th February, 2019 in “The Commodity Waves Short Term Update”)

Wave analysis

As shown on the hourly chart, prices are moving in the form of wave x and are moving in lackluster manner breaking below the pivot low however are failing to sustain near the low. We are showing Bollinger Bands on the chart and prices have been moving precisely within the area of the band. Currently prices are near the lower area of the Band a decisive break below 39900 can take prices towards…. whereas on the upside a break above ……….

In short trend for Silver is range-bound. It is better to wait for the break of pivot levels to initiate fresh positions.

The above analysis clearly shows that just using this Bollinger bands technique coupled with channels one can guess key reversal areas along with enter and exit strategies

You can learn how to learn these techniques in depth in the upcoming training session which is to be conducted this weekend 2^nd and 3^rd of March, 2019. Register now for Master of Technical analysis (MOTA). Limited seats left.

Subscribe now to Intraday calls on commodity where we try to maintain more than 75% accuracy. Get access here.

Nifty: How to identify reversals using RSI?

Relative Strength Index (RSI) is a very important indicator which is widely followed by many traders. There are multiple ways in which this indicator can be used.

Majority simply rely on reading the usage of Indicator on Google and start applying the way it is given. However, 90% of the traders lose money and so there has to be different way in which these indicators like MACD, RSI, ROC should be used.

Look at the below chart of Nifty along with the highlighted areas on RSI.

Nifty 60 minutes chart:

Overbought and oversold zone is not based on standard values like 70 as overbought and 30 as oversold. Rather by looking at the past history we can derive the values that are overbought or oversold. In above chart we can see that 70 to 76 is the overbought zone whereas 30 – 24 is the oversold zone.

A trader should avoid creating fresh positions when RSI reading is in this zone and at the same time book partial profits on the existing positions. Even recently we can see that RSI reversed back from the 75 level and this coincided with Indian strike on Pakistan today early morning.

An expert trader is aware that such events can result into short term random movement and it is best to book out and wait for clear trend to emerge.

The above clearly shows how a simple indicator like RSI can help one understand when not to enter the fresh long positions as the reading was already in the overbought zone not based on any magical number of 70 but derived based on past history.

So, how to look at this indicator in much more depth? And how to apply ROC, MACD, ATR indicators in ways you never ever tried looking at it? How to be among the 10% of traders that make money consistently trading or investing in market?

Register for the Master of Technical analysis (MOTA) and Master of Waves (MOW) and position yourself among the 10% of the traders who follow strict rules and methods to make money in markets understanding the risk associated.  Limited seats left. Register today and avail the early bird offer. For more details visit here – Become Market Wizard (BMW)

#Nifty: Identify key reversal areas using Supply & Demand! (21st February 2019)

I believe in combining anything and everything that can help me with trade setups.
I use most advanced concepts like Neo wave and Hurst’s Time cycles but combining them with the powerful methods of Bar technique, Moving averages is important.
See yourself these simple but powerful methods in this webinar and take a step further towards becoming Master of Trades – Watch now
I will be speaking on BMW program – Become Market Wizard that will cover Master of Technical analysis and Master of Waves. Know more here

 

Nifty: Will it break 10580 or 10730?

Nifty has been moving all over the places in today’s session. Infact the volatility was extremely high and there was a sharp reversal from the zone of 10720 levels. Prices breached the low of 10620 levels on downside as well.

Even during such scenario there was possibility to make money on index on either side. See yourself the below call given on Nifty for intraday basis over past few days given to Nifty Intraday subscriber

Following was given on 19^th Feb 2019

NIFTY FUT BUY ABOVE 10715 SL 10655 TGT1 10745 TGT2 10805

Target 1 - NIFTY FUT BUY CALL GIVEN TGT1 ALMOST ACHIEVED AT  10743

Below was given on 15^th Feb 2019

SELL    NIFTY FUT  SELL BELOW 10731 SL 10821 TGT1 10686 TGT2 10596

Target 1 - NIFTY FUT  SELL CALL GIVEN TGT1 ACHIEVED AT 10686

Below was given on 12^th Feb 2019

SELL    NIFTY FUT  SELL BELOW 10870 SL 10950 TGT1 10830 TGT2 10750

Target 1 –  NIFTY FUT  SELL CALL GIVEN TGT1 ACHIEVED AT 10830

Target 2 - NIFTY FUT  SELL CALL GIVEN TGT2 ACHIEVED AT 10750

The above clearly shows that despite of the volatility we are witnessing prices have been managing to move as expected providing good intraday trading opportunities.

From positional perspective, one can follow the simple basic method of looking at the highs and lows of the daily bar. Unless we see break and close above the previous day’s high the trend will continue to be negative. In the morning when Nifty managed to break above 10700 the chances looked high for a positive close but later looking at the sharp reversal back below 10620 it is time to be alert. Further break below 10580 can result into some serious capitulation across the board.

Nifty daily chart:

From above chart we can see that not a single day prices have closed above the previous day’s high for 8 consecutive days. This one basic method provides so much of information. Imagine the power by combining it with Fibonacci, indicators like RSI, Time cycles, Elliott and Neo wave analysis.

Nifty is now at very crucial juncture. As per above method it is now best to stay bearish unless we see close above 10720 levels. Also break below 10580 will suggests the top for next 40 days is in place as per Time cycles. So, get ready for next big wave and next two days will be the deciding factor.

Ashish Kyal, CMT will be conducting a golden standard training program known as BMW – Become Market Wizard. Following are the details:

The above research shows if one basic technique can provide such strong trading methods then by following certain steps and strict rules one can make a killing by trading but only with systematic risk and money management strategies.

Register now for the BMW program and be among the 10% of the traders who actually make money in the market. You can become Master of Technical Analysis (MOTA) and Master of Waves (MOW)  –  Know more here

Get access to daily Intraday advisory on Stocks, Nifty / Bank Nifty along with Equity research report and see how amazing it is to capture each and every swing – Getaccess here