Forex & Share Trading Journey

Today Indian market touched 10400 mark. I am talking about Nifty 50. I did some paper trading and was trying to find a strategy of my own to make a regular income with minimum risk. I am analyzing last 15 days data in the Indian market and I need to find a way that works 80% of the time.

I will post an update about it in 2 days. I am noob in the stock market and going to do everything on papers until I am 100% sure about taking my bets.

As far as Forex goes - 1 min charts are the high-risk thing - Tested for 10 days. Forex does not entirely work on regular buyers and sellers. Some other institutes are involved in shaking the market.

Testing 15 min charts and 1 hour - Showing better results - I will post a update.

Nut-Nights said:

Today Indian market touched 10400 mark. I am talking about Nifty 50. I did some paper trading and was trying to find a strategy of my own to make a regular income with minimum risk. I am analyzing last 15 days data in the Indian market and I need to find a way that works 80% of the time.

I will post an update about it in 2 days. I am noob in the stock market and going to do everything on papers until I am 100% sure about taking my bets.

As far as Forex goes - 1 min charts are the high-risk thing - Tested for 10 days. Forex does not entirely work on regular buyers and sellers. Some other institutes are involved in shaking the market.

Testing 15 min charts and 1 hour - Showing better results - I will post a update.

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Watch out for the market tomorrow , it's gonna be crazy ride downtown

Razen666 said:

Watch out for the market tomorrow , it's gonna be crazy ride downtown

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Yes, I know. I am watching it closely from last 2 days.

If you want pm me and I will share link to dropbox with 100's of forex trading books, reading at least one will help you a lot.

How much is your capital ? ?
Also do you trade in forex ?

hi how are you doing now can i get an update on trades

I am doing good in Indian market.

Just Started with Forex testing, Let's see if it works. Demo practice only.



I will update the results.

Same Trade, time to close and get a new one.

Another sell oportunity.

Result of the second trade, applying the same rules of share trading in forex and it seem to works.

Good

This trade was in $500 negative and I let it run and now it's in profit. So Confused.

Nut-Nights said:

This trade was in $500 negative and I let it run and now it's in profit. So Confused.

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Isn't letting your losers run a big "NO NO" ??
Also you what is your strategy ? Do you solely trade based on technical analysis ?

Put more time into learning trendline, support and resistance level. Do your analysis from monthly chart to your preferred timeframe for better entry.

Nut-Nights said:

This trade was in $500 negative and I let it run and now it's in profit. So Confused.

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Learn about risk:reward ratio, and ALWAYS use a stop loss, when using real money don't overtrade you can't win every trade, even the best traders in world go thro losing streaks and this is fine as long as you stay with your risk management and have a good RRR(Risk reward ratio) good luck

Anyone still doing forex? This analysis is for educational purposes or you can say its my personal journal to keep track of things and learn more about forex. I am going to trade only XAUUSD.

So there two cases, Gold is either going to go upward or downward. I am expecting it to go downward/bearish. But i am not predicting that, i am going to take trade on price action basis only. Not going to force a trade.

Daily Chart on 18-09-2022




As you guys can see it has broke the support level on daily time frame. If its continue to break the lower level on the last green candle (16.09.2022 Candle), we will take a short trade with full quantity and keep our stop loss on nearest resistance level on short time frame like 15 mins or 5 min chart.

4 Hour Chart on 18-09-2022




As you can see, its going for a retest on the recently broken support level, which will work as resistance now. If it create a bearish/red candle near that resistance level, we will go short. If it continue to break the resistance level and close above that level, we will take a buy trade.

30 Min Charts on 18-09-2022







There are two possible outcomes after the analysis, you can check them out on 30 mins chart. But we will try to take a trade on 5 min chart if you are going for intraday trade. If you are taking a positional trade go for 30 mins chart.

I will link my images from imgur next time, for now my imgur account is banned, you know blackhat stuff.