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Category Archives: Price action Technical analysis

USD/INR PRICE ACTION ANALYSIS

USD/INR PRICE ACTION ANALYSIS: WATCH THIS KEY LEVEL

By Trading Predator November 2nd, 2015 No Comments

“So folks just watch out the USD/INR Price action around the zone 64.25-64.00. Also keep an eye on this week’s economic calendar and News events”. This is following weekly chart of USD/INR. There are few things we can point out by looking at this chart. USD/INR has fallen down from 67.00- 64.50. From last 3

Bank Nifty price action analysis

BANK NIFTY – LONG TERM PRICE ACTION ANALYSIS

By Trading Predator October 27th, 2015 2 Comments

More fundamental reasons support these choppy price action,Year end is just couple of months away. We had no more or less activity in October. DESCRIPTION – TECHNICAL ANALYSIS As you can see the chart, Bank Nifty is trading around potential resistance zone, which is between 17800- 18000. It is a Key level which might provide

Simplyfying

SIMPLIFYING PRICE ACTION ANALYSIS

By Trading Predator October 7th, 2015 No Comments

From a layman’s perspective, Price action may seem like an indirect strategy without boundaries or proper steps. This is due to the fact, Price action is a methodological mindset and relies on trader’s intuitive analysis, instead of Lagging indicators and their useless signals. Price action trader is a master in chart reading. But for beginners,

philosophy1

WHY CYCLICAL TECHNIQUES SUCH AS ELLIOT WAVES ARE USELESS?

By Trading Predator March 9th, 2015 No Comments

All right, its time to tackle some important questions and controversies. Do cycles exist in financial markets? Even if they exist, can we trade them profitably? Perhaps it’s often debated only on first scale and completely ignored on second scale basis. Let me take a dip into the topic and some insights alongside. Do cycles

Chart Patterns are useless to trade

CHART PATTERNS ARE NOT PROFITABLE TO TRADE

By Trading Predator February 2nd, 2015 No Comments

Today let me stir a bit on Chart patterns and why the so-called “Chart Patterns” are useless to make money. Before doing so I would like to warn the average reader that chart patterns are useful only if you’re making money out of it or else throw them away.. Actual evidence is against trading chart