How are you all??
Just want to give my view to all.I have noticed many traders who take positions opposite the trend and face loss.Why are they facing loss?? because of wrong trades.There was a time when i also used to take trade against the trend and faced loss aur baad mein sochta tha ki hamesha loss kyu hota hai..loss kyu hota tha??
- Kyunki trend vagera pata hi nahi hota tha aur bas bina proper knowledge i used to trade.
So meri ye suggestion hai aapse ki hamesha koi bhi trade lene se pehle kisi bhi cheej ka trend pata kre
For example crude trend is down from so many days we all know this.So jab trend down hai toh overall toh down ke hi chances hai na?? However small profit is possible in buy as well but we should not wait long in that or just avoid.
So abhi jaise crude ka trend down hai toh hame selling opportunities dekhni hai jab right entry lage jaise rsi,stochastic can be used jab wo 80 above jaye dono then we can sell time frame can be 15 min or 30 min .
Kal maine aese hi crude ka trade liya 3682 pe aur aaj 3646 laga..kuch toh profit mila na bhai??
So i am not an expert.but maine kuch logo ko dekha hai jo trend ke against trade lete hai aur reversal expect karte hai but wo hota nahi..reversal hota hai bhai lekin trend jaldi change nahi hota.
So meri suggestion ye hai ki-
- Before taking a trade know its trend - Buy or sell
- Check whether you are in right side of trend
- Look for selling opportunities if trend is sell and vice versa
SO TREND IS YOUR FRIEND.TRY TO BE WITH TREND ALWAYS.
CURRENT MCX TREND
CRUDEOIL - DOWN
COPPER - DOWN
NICKEL - DOWN
LEAD - DOWN
ZINC - DOWN
ALUMINIUM - DOWN
GOLD - SIDEWAYS
SILVER - SIDEWAYS
NATURAL GAS - PLS STAY AWAY FROM THIS FOR SOMETIME