
This video presentation will enable you to conceptually understand the resistance /supply zone on chart guided by market forces like demand and supply. It also explains all about breakout and decisive breakout with clear definition. After this lecture, you will be able to identify resistance/supply & support/demand zones on price chart and be able to understand when decisive breakout occurs in the even of price surging past key resistance line/supply zone indicating domination of buyers and change in expectation in the market giving an opportunity for a possible long trade
Set of rules will set the pace of technical analysis without any bias to arrive at final verdict whether trade is to be taken or ignored.
This lecture will introduce you with set of rules to formulate trading strategy so that you can calculate entry price, stop loss price and take profit price. If you desire to ride the trend, it will reveal as to how one should exit the trade when riding the trend.
Examples on price charts will conceptually develop you to rule based technical analysis and formulation of trading strategy including implementation of strategy without deviation so that you are not caught by your own emotions. You will realize as to how breaking your own rules can penalize a trader
The write up summarizes the learning in this course to be a winner through rule based trading so that you as trader win over negative emotions such as fear, greed and hope. Hence, follow the rules and be consistent to be winner
This course is structured to impart learning to effectively analyse the market based on technical analysis (simple rules to follow has been suggested) and then formulate rule based trading strategy with risk management to consistently make profits while trading breakout in up trending market. The course also teaches to identify trends with simple to understand process. This has been designed with rule based approach so that there is no scope of mistake if you follow simple suggested rules to technical analyse the market, formulate trading strategy & then implementation of strategy with right position sizing to manage risks. The course covers examples on price charts to explain the overall concept of trading breakout in up trending market. Rule based approach enables traders to control emotions and become disciplined trader to achieve success consistently.