AniketKabir

High Probability but Poor Risk to Reward Ratio

Long
AniketKabir Mis à jour   
NSE:RELIANCE   RELIANCE INDS
This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.

Risk to reward ratio is poor, but probability is very high.


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Commentaire:
On Daily looks good time to take long positional trade
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On weekly scale
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Range breakout looks difficult as of now, will see future outlook as market progress
Commentaire:
Trade not activated, Idea invalidated. Need to find new trade location
Commentaire:
Compression going on, big move coming.
Commentaire:
Will look at price action at 2330
Transaction en cours:
Long @ 2330
Commentaire:
Reaction to Action awaited in next few sessions, may see it at supply zone
Trade fermée: ordre d’arrêt atteint
Commentaire:
Looks like breakdown of structure, but need confirmation or more information prior to deciding further. on inclined lines, still it is higher high and close to double bottom formation. Possibility of spring formation can not be ruled out.
Commentaire:
As of now in oversold zone, looks like action reaction set is over and market should react from white line. if white downward inclined line is broken down, may go till red downward inclined, but for that extreme oversold level from present level need extreme bad new from world market. Otherwise in normal course of time market should react from here.
Commentaire:
No change
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ignore Banknifty update given here
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On weekly
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On weekly it is test of breakdown
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Failure of breakdown on weekly can turn into exponential rise. As of now no sign of failure on weekly; on daily it is test only, but clear sign of demand shifting upwards, on 75 min breakout from green channel is visible. breakdown on 75 can lead to vigorous down move in green channel, at the same time failure of breakdown on weekly can lead to comparatively more vigorous up move. Can a trade plan be formulated on shorter time frame?
Commentaire:
Magenta line and cyan lie are entry and stop loss level if breakout upwards sustains on 75 min otherwise vice versa if breakout fails in green channel.
Trade fermée manuellement
Transaction en cours:
long initiated
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On weekly scale closed inside the upward moving green channel.
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upward push visible.
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One wide range bar marks the beginning of a new trend?
Commentaire:
good risk to reward ratio 1:4.2; position long
Transaction en cours:
created credit spread put side 2300-2400 of May 2023 series. Net credit received is 49 points.
Commentaire:
Bull run starting with spring. 3135 coming, time to take positional bet
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Future targets and movement in rectangular boxes, if magenta is breached.
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Target 3 done, now towards fourth
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Target 4 done with double top, temporarily market is short or sideways in yellow bounded channel.
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Higher targets are open now
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train nikalne wali hai..
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Measured move H&S
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On daily picture is different
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Train has left the station.! is it true?
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To every action there is equal and opposite reaction. It may give another opportunity to board the train.
Trade fermée manuellement

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