Dear Friends###
This is the update to the yesterday post to new Member.As i have mentioned from
6th April that 7965 is the PRZ(Potential Reversal Zone) and from 19th May post
i have said 7730 may act as Potential Reversal Zone.Actually from 6th April to
19th May Nifty movement broadly between 7965-7730 as per me.So i have just
followed set of Gann support and Resistance line and same has been put in my post.
As you know previous Potential Reversal Zone 7965. So 7965 act as Resistance.
So don't be confused of my word of PRZ.as PRZ means Strong support and Strong
Resistance and does not means that We are now heading towards new High or new Low.
Differenence of thinking of Price action Vs Techanical Indicators??
Example-
As some days back one of the successful Trader has given interview in newspaper about
his trading strategy that he said,he follows for example 5Min/15 Min pivot breakout
system in trading.
I have just seen this interview on Website of a News paper and below the comment
area one of trader comment was "The Sucessful trader"X" is not telling the truth and as pivot
support resistance line are 30-40-50 etc ponts difference and not possible to tarde in
5 Min/15 Min breakout in intraday. So it is not possible to trade in 5 Min chart."
You may have know the difference of the daily pivot support and resistance and
5/15Min Pivot trading system.
You may know the difference between Price Action Vs Techanical Indicators.
Latter I will post Difference Between Price action Vs Techanical Indicators??
Sorry any of Grammatically mistake.
Note-Stay connected.Read Disclaimer.
This is the update to the yesterday post to new Member.As i have mentioned from
6th April that 7965 is the PRZ(Potential Reversal Zone) and from 19th May post
i have said 7730 may act as Potential Reversal Zone.Actually from 6th April to
19th May Nifty movement broadly between 7965-7730 as per me.So i have just
followed set of Gann support and Resistance line and same has been put in my post.
As you know previous Potential Reversal Zone 7965. So 7965 act as Resistance.
So don't be confused of my word of PRZ.as PRZ means Strong support and Strong
Resistance and does not means that We are now heading towards new High or new Low.
Differenence of thinking of Price action Vs Techanical Indicators??
Example-
As some days back one of the successful Trader has given interview in newspaper about
his trading strategy that he said,he follows for example 5Min/15 Min pivot breakout
system in trading.
I have just seen this interview on Website of a News paper and below the comment
area one of trader comment was "The Sucessful trader"X" is not telling the truth and as pivot
support resistance line are 30-40-50 etc ponts difference and not possible to tarde in
5 Min/15 Min breakout in intraday. So it is not possible to trade in 5 Min chart."
You may have know the difference of the daily pivot support and resistance and
5/15Min Pivot trading system.
You may know the difference between Price Action Vs Techanical Indicators.
Latter I will post Difference Between Price action Vs Techanical Indicators??
Sorry any of Grammatically mistake.
Note-Stay connected.Read Disclaimer.
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