India - helping new traders learn

will help new traders and even learn new patterns and style of trading with enough patience and timing


welcome

please avoid noise and non trading related talks here


thanks and have safe trading

Babypips School takes care of it.

yes

But not while live market is running

it takes a lot to try and keep it up while trading live

So just wanted to help and discuss it while trading live
Clarified

There are number of Indian forex traders who ask that Forex trading in India is legal or not. So here is the RBI guideline for forex trading in India.

Source: http://www.rbi.org.in/scripts/FAQView.aspx?Id=53

To start up the exchange of ideas, I took one of your older charts and added some of my style of trading. Hope it adds insight:




A just for giggles, overlaid two trendlines atop your existing moving averages -- Worked! Divided B into thirds.
B (anchors the entire study)
C doubles B's length
D a large hammer, a type of candlestick pattern (whose high correlates with A's mid, if include price's changed predominant trend angle)
E centers vertically and then horizontally (after which price drops 'off a cliff')
break -- goes past E, to touch one of your red trendlines.

All of this helps use the two red trendlines.