Study Stock Market - Technical Analysis of the Financial Markets..

Añadido: 2026-05-30

[00:00:01]we we we We yeswe yes we are we are we are we are we are we are we are we arewearewe areweareweare Yes brother, yes of course Still calm as The voice is clear, I guess Let us go Let Us Begin Hum to hum hain page number 416 ok 416 out of 51 and I am trying this book today I also tried to complete it on another channel.

[00:01:25]You have completed your second book, so one They are giving a small target. Let's see How much can you do? There are still 85 pages left.

[00:01:32]Has happened. And this is us in chapter 19 which Is Like a Summary for the Whole Book and the Name of the book is technical analysis of the Financial market. Ok? So let's go Ahead. Today we are going to read the last video.

[00:01:44]We read about DI in. that is Demand index. The volume you speak of You might think that when talking about volume It had started happening in the stock market His initials or initials when used to denote volume There used to be a demand index. Then yesterday we Bullish divergence, bearish divergence I had also read all the things that if the same Price is also going in another direction.

[00:02:06]DI also, so you consider the trend to be strong You can enter in that direction.

[00:02:10]You can. But if between these two If there is divergence then you can say a little bit are that You have to be a little alert because The trend may reverse. It is as simple Edge that. As we read yesterday, this For example, if DI is moving downwards and your price is going up So there are chances that the price is It is about to reach its peak. That means that For example, suppose the market is going up.

[00:02:39]It was in an uptrend and you saw this condition That the DI is the demand index and it is below is coming towards and the price is right now is also moving upwards. Even two demands The index is moving downwards. So in this What will we think that whatever demand is okay The index is going down. That is why the The price is around its peak. i.e That is around its highest point.

[00:02:56]Highest point is around. That means his Later, the Ether market may go sideways or Then the market changed its trend and went down.

[00:03:02]Can come towards. one second yes yes or Then from here the market may turn sideways or will the market trend change and move downwards?

[00:03:11]It can come in multiple ways. Ok?

[00:03:14]So this was our divergence. This is our An example of divergence was that DI and Joe Divergence is visible between the prices Used to be. The opposite case is if DI Demand Index is moving upwards Is. If the price is going down then here But you understand that it is around the bottom and there Buying may come from and the trend which was earlier He was going downwards, now he has changed It may come upwards. So this is basic We understood this in the demand index. From this We are going to continue our journey today.

[00:03:38]Are. So today we are going to study pay off.

[00:03:41]About the index. That is HPI. Now What is this HPI? Let's Go With It. This indicator was developed by the just Give me one second. Developed by the late John Herrick as a Way of Analyzing Commodity Futures through changes in the open interest.

[00:03:57]How much open interest is there in the market?

[00:03:59]Is the contract open? How many people are interested Are?

[00:04:06]Personal number Personal WhatsApp number please From Pakistan. Alright sorry I have your personal number What will you do with it? Like I'm just curious.

[00:04:15]What will you do with your personal number brother? and his Later you keep saying that I am from Pakistan I am from. Ok.

[00:04:22][sound of deep breathing] So Whatever doubts you have, you can speak here.

[00:04:28]yes. Look, we are here with the stock market.

[00:04:30]Related learning is for discussion. So Whatever doubts you have, please ask. we here We will discuss it later. Some things you learn You can. Some things we can learn. Balance stock market, whether it is of India or Be it Pakistan or global markets yes. The basic sentiments remain the same in it.

[00:04:44]Are. Like it is the people who are in the stock market are making the. So if you're behind it If you can understand reasoning then you can act Accordingly. Ok? as discussed in Chapter number seven. By the Welcome to the Live Stream and if you have interest in stock Market and finance related anything, So you can subscribe to the channel as well.

[00:05:00]If You Feel Like There Is Some Value That Is Going to add. If you think that something It can add value to your life. This Help from the channel means help from this channel You can get help from then only Subscribe to the channel OK Now Moving Ahead Changes in the open interest can give TraderCentre Clues as to How to Weather a Market Trend is well supported or not okay Meaning, which side did you choose to make your trade?

[00:05:27]I can help you in making it or not.

[00:05:28]is the open interest, the Herrick payoff index, then The DI was volume dependent.

[00:05:33]Payoff index dependent on open interest We have written about it in detail.

[00:05:37]Also covered in his initial chapters Was. You can go to the live section and see this chapter.

[00:05:42]You can watch videos by going to the live section of the channel If you go down, you will see that I have covered this in general there.

[00:05:48]I have also covered open in the channel Interest Volume I Guess the Heric Pay Off Index Uses Price Volume and Open interest. Ok? So use the price also is also using volume, open Interest is also using it. of what To know about how money flows Is it in direction? That is, in the market Buying is happening, selling is happening, You can decide your entry or exit accordingly.

[00:06:08]You can do it. To be very precise. Own You can decide which side to take the direction You have to enter. Entering as a Buyer Or if you are a seller, enter as a seller To do or not to do. to the call side Have to go or go to the put side. if you If the option is bearer. Ok? Open Interest to Determine Money Flow Into and Out of a Given Commodity. This Helps the Traders Spot Divergences between the price action and the Open interest. This is often quiet as Buying and Selling Panics Can Often Be Identified through analysis of the open Interest by the Herrick Payoff Index.

[00:06:39]Ok?

[00:06:42]The Most Basic Interpretation of the HPI Is weather it is above and below the zero line.

[00:06:47]Ok? So there will be a zero line. on top of that is or is below. This will determine If your HPI is above the zero line Heretic Pay Off Index So what is that?

[00:06:56]Does it signify? what if it is below Does it signify? Let's understand. A Positive value. A positive value means zero.

[00:07:01]is above the line.

[00:07:02][nasal sound] A positive The Value Means That HPI Is Projecting Higher Prices and That Open Interest Is Rising Along with Prices. Ok? This I'll erase a little bit down here so We again Just give me one second.

[00:07:21]Look what he is saying here? positive Value means the HPI is projecting Higher Prices and the Open Interest Is Rising Along with Prices. Along With Prices. So open interest is also going up Let's say in the above direction and prices are also moving in the above direction or What is your HPI here? positive Is. So that means that the uptick is going on.

[00:07:42]In the sense. Ok? Now Conversely Negative Reading Suggests That the Funds Are Flowing Out Of the Commodity Being Analyzed. If its If it is opposite then it means money from commodity The flow is outwards. Sellers more Are you active or are you selling more?

[00:07:57]The direction of the market is downwards. Forest Of the more volatile commodity markets is Coffee Featured in Figure A.3 It is given here, what is given?

[00:08:06]Look here this is your Figure A.3 The Herrick Pay Off Index HPI shows Shon as a Histogram with coffee prices. HPI Use price, volume and open interest in Its calculation and is used in future Markets. Crossing Above Zero Line R Bayes, crossing below our cells. Ok? So Look, if I make it a little darker So let me try this, this is your zero line.

[00:08:30]Ok? This area above it, this So the normal price is showing that the price how's is going. Ok? This is complete The price itself is denoting generally that How the price is moving in the market.

[00:08:40]Ok? And this will denote your HPI below.

[00:08:43]HPI is a measure of your multiple things.

[00:08:45]is signifying the. multiple things Taking it in which price, open Interest and your volume are included. If This zero line that I drew above it If there is a market then what will be the conditions? Its If it is below then what will be the condition? This we Have to understand. Ok? So Crossing Above Zero R by crossing below zero R sales. Ok?

[00:09:09]If it is going below zero by crossing There will be selling. If it is coming above zero There will be buying. That's fine. A little from theory Let's understand. We will understand it in Better Manner.

[00:09:20]During March and April of 1997 the HPI Had Four Crossings of the Zero Line With the last positive signal in early April B lasting until early June. Below We are defining the diagram itself.

[00:09:32]The HPI dropped below zero in June and Even two prices were well below the highs of coffee Dropped another 70 cents. Once Again The HPI Turns Positive in Late July Very Close to the Loose. Over the Next Two Months There are two short term signals and then Another long term sell signal. This is Characteristics of the HBI when used on the daily data as it will cross above and Below the Zero Line Several Times Before a Long Lasting Buy and Sell Signals Is Q1 Okay the HPI like the demand index is Most Effective When Used on the Weekly Data as few false signals are evident Divergence Analysis Can Also Be Used To Vern the Trader of a Change from Positive to Negative Money Flow There Are Several good examples of the weekly tea bond Future Charts Figure 8.4 That Covers Approximately 6 years of trading HPI status positive from late 1992 Until 1993 the HPI peaked in early 2000.

[00:10:30]The ones below are defining diagrams.

[00:10:32]Now we'll take a look at The HPI Picked in Early 1993 and Bonds were almost 10 points Higher line a the HPI was forming a low Line A Line B This Negative Divergence Divergence means that a particular is going in the direction and the other one is going in his It is going in the opposite direction. This is how you You can understand. This Negative Divergence Want Bond Traders Accuse of the Decline in Prices That Took Place in 1994 The HBI Violated The Zero Line in late October of 1993 but then turned slightly positive in early 1994 Before plunging back below the zero line. Gave HBI reached its lowest well level in the First Half of 1994 and Bottom Well Ahead of Prices are falling as prices are making lower lows Line C The HPI Was Forming Higher Lows And there for a positive divergence Line D: The HPI moved back into positive.

[00:11:23]Territory in December 1994 as bonds were Close to their loss is a negative divergence.

[00:11:28]Was form in 1995 line f after bonds Head rallied over 25 points from the late 1994 Lose the Zero Line Was Crossed Severally Times in 1996 6 Early 1997 before the HBI moved firmly into positive Territory. These two examples should illustrate Why the HBI and its analysis of open Interest Can Be Helpful in Analyzing Commodity Markets Direction. Ok? So Talking about this diagram in general Are. Down here, your HPI is Denotes being and above as usual One second.

[00:12:00]This is your HPI.

[00:12:03]And this is your price. Ok? right here I will write down the price. Price.

[00:12:11]Ok? So see how the price is going. A If you look at the line, what is in A?

[00:12:15]Used to be? Prices are moving upwards.

[00:12:18]Right? What is B in that case? Divergence It is visible. Divergence means down here Is coming towards. between A and B There is divergence. So if there is divergence then its What does it mean? that the HPI was falling and Here if the HPI was falling and Prices were still moving upwards A peak is coming and after that prices Then they fell downwards. Now C's case I see prices going down in C There have been and again there is divergence. That means that The D is going upwards. So HPI and prices are back again Divergence is visible. Divergence means Look, prices are falling, but Your HPI is going up.

[00:12:53]Is. So one is falling down, one is going up.

[00:12:55]going. So this is divergence.

[00:12:56]You can take divergence to mean generally That trend may reverse. You understand like this You can. That is, the direction in which The market is moving, go against it.

[00:13:04]Can. Like you will see case C.

[00:13:10]Live scene okay I don't do that kind of Things. Ok? See my mine, I'm here It is to understand everything and then Based on your analysis, whatever your It is better that the strategy works for you.

[00:13:25]Because look what happens if I I can also trade live here in front of you and Suppose a lot of people are doing it and in that There is nothing wrong in it. But if you learn that That is one thing but If you just want to see this, I mean this Live signals that you are looking to You will find it here and I am here for them.

[00:13:41]I will say goodbye to you. I will make a profit.

[00:13:43]So to sustain that in the long term It is not beneficial. That's why I do those things But I mean, I don't do that thing generally.

[00:13:49]My aim is to learn together, things It should be understood. After that, based on your understanding A strategy should be made on this basis. Our Rules should be made. Because in trading He also comes, right, what does he want?

[00:13:59]Independence is what is needed.

[00:14:01]independence to work according to their own wishes and Freely can earn money as per his wish.

[00:14:06]That's why he comes to the market. otherwise In the job, you are working under someone.

[00:14:09]By doing this you are doing the job properly. I am not I have nothing against that also. butt it Our general approach is that trading If we are coming then it is for independence.

[00:14:17]Have taken. Then you rely on someone else.

[00:14:18]Go, I will enter on that basis.

[00:14:21]If I exit on that basis then that It is wrong. Right? It is possible and there is a loss in it.

[00:14:25]It happens because if anyone tells you like this I am sure I will make you 100% profit.

[00:14:30]If I make you lose 100% then he will call you a scam.

[00:14:32]You can consider it. Ok? So understand things From Billinger Bands to RSI Indicators in general I will take it. Indicator Understand Price Understand action, understand support and resistance. Yours The strategy is edge based on its own basis Define it. Like if I take the basis of EMA If I enter on it, then it is not necessary that You should also enter on the basis of EMA only. yes You can buy it on the basis of Binger Band.

[00:14:54]Make an entry. You may be someone else Enter on the basis of the item. But then this is you You will be able to decide when you know everything You will know about it. So my general who The approach here is that you get all Things should be understood and then based on that You can take a well informed decision.

[00:15:09]Ok? So I don't give live signals Do it. Ok? So that's not me like that About me. Right? Age of Now I Am Not Going in that path. there are lots of people That's what I said in the beginning. Right?

[00:15:24]If you feel that there is value in your life Adding is happening, you genuinely want to learn Things Then This Channel Is For You. And in that Case If You Feel Like It Has Interest Like You have interest in this, then you can Subscribe to the channel. Ok? So that is my General approach over here. Now Talking About We Where was I? Yes, I'm of Divergence I was talking. Like between C and D If there is divergence, prices move downwards.

[00:15:48]and your HPI is above Was going towards. Look at this here, its Look at what happened after, this means divergence.

[00:15:56]If so, the trend is about to change. here If you look at the C one, the prices They were falling down but this one was going up. So The trend has changed and buying has come from here.

[00:16:03]And prices have gone up. Why?

[00:16:04]Because there was divergence. Again in E and F Same thing has happened. If there is divergence then this point Prices have fallen since. So this is just Example is if there is divergence.

[00:16:13]will be. Same thing was there in DI also. If If there is divergence, the trend will reverse.

[00:16:18]I can't say this. on the opposite side There may be a slight trend in it. that is What I'm Trying To Say.

[00:16:30]Look sir, I have to find out the news. if you have to do it How can I know what time the news is?

[00:16:37]Is it up? Look at the simple thing behind the news.

[00:16:41]Understand the logic. News if you are on the basis of news But if you want to trade then it will pump you.

[00:16:46]And dump is there that in the market Buying will come immediately on time and prices Will be manipulated and selling in a while It will also come or the opposite may also happen that Very fast snakes came down towards the market and Then after a while it becomes sustainable It will slowly move up. So the news The simple funda is that demand and supply This is why panic is created.

[00:17:03]This happens due to psychology. right now which The major news going on is geopolitical.

[00:17:07]The tension that everyone knows about is that between the US and Iran There is a conflict going on between Israel and Due to which there is global tension as well.

[00:17:14]The market is generally moving downwards these days.

[00:17:16]Or you are seeing fluctuation but is ultimately going downwards so that This is happening due to demand and supply. So If in whichever market as you said that You are from Pakistan, I am not sure if you Are Lame and If Are Saying the Truth But in General You are trading in any market.

[00:17:30]So before trading, you should go global.

[00:17:32]You can watch news easily anywhere you are.

[00:17:35]We will be easily available anywhere.

[00:17:37]So the brokers or the app we use You can get it there too.

[00:17:41]News or you can also take some of your subscriptions You can if you rely more on it Do you want it? Otherwise, it won't have much effect.

[00:17:47]It falls untill unlace like on budget day What happens is that as soon as the news comes If it is there then the price fluctuates accordingly.

[00:17:54]So that is an instantaneous thing. But These days news related to geopolitical tension is going on.

[00:17:58]Has been. If you start your trading day Look at the normal global market before doing so.

[00:18:03]You will see the global sentiments.

[00:18:05]Normal news is available to you anywhere.

[00:18:06]If you see it, you will get information about the market.

[00:18:08]Basic sentiments will be understood that What is. You can decide on that basis.

[00:18:12]Yes, it is about trading. But what is that, isn't it short?

[00:18:15]Term solution is again. He is a little time Is. So you can watch the news from anywhere.

[00:18:19]yes. Like if you look at geopolitical tension If you want to cover then you just trade Look at the global market first. Global By market, I mean US stocks.

[00:18:28]What happened in the market? We know that not Between our India and the USA There is a time difference. Correct? So the thing there For us, it means when it is night here.

[00:18:37]If it is there then he must be having his day there. So Their market must have already closed.

[00:18:41]So you can see how it moves.

[00:18:43]Happened. Then if some prominent news comes So on that basis you can see that today you Which direction are you thinking of going in? So That's all I don't think is enough You have tried to rely on news too much.

[00:18:53]I try and I know it as if Not like there is a big budget day in India.

[00:18:58]It is true that prices are very high on Budget Day.

[00:19:00]If you can fluctuate then on that day you There is a need to be more cautious. Number of Limit your trades that day because That day, less than market logic, less than logic And it's more based on sentiments and I I should say that on the basis of logic It may go too far. Ok? So that is my Approach. Rest you can see your approach How it works for you. Ok?

[00:19:21]There are many finance related channels.

[00:19:25]Now I don't know your country but There are many channels in India. Global There are also many channels that you can watch.

[00:19:31]You can give you basic news.

[00:19:33]How market sentiments can be affected Have been. So that general a little bit of pre market It is for analysis. that is more than Enough. I guess.

[00:19:43]A weekly version of the Herrick Pay Off Index.

[00:19:46]Yes, I was explaining that this thing is complete.

[00:19:48]Has occurred. Allright Start if any Look at the particular topic if you have any There is a doubt in a particular topic that this thing I don't understand this thing and If you want to understand me then you should discuss that topic with me.

[00:19:59]Tell him I will make a dedicated video on that.

[00:20:01]I will take it. This is something that I can do.

[00:20:03]Right? And the thing about news is that it changes It will keep happening. So on that also Major you are someone You can also check by following. But yes, You should be sure that it is authentic and new.

[00:20:16]Source. Ok? because too much Manipulation also takes place in the market and You can never win the market with speed.

[00:20:22]You can. I have tried it. it does work Like that. Ok? So, Just Be a Little Bit Be Conscious and Try to Understand the Logic Behind it. Like I always say Three things you need for trading There is a requirement. Trading, Psychology, Technical Analysis and Risk Management. Trading Psychology, that is What is happening in the market is behind it.

[00:20:40]What do people think? Where are the people Will you be afraid? Where will people act?

[00:20:44]Big players take advantage of this.

[00:20:46]Are. That's why trap trading happens.

[00:20:47]No. That's why the institutional player or institutional as you may say They are traders, they are your retail traders.

[00:20:54]traps too much because It has a main effect on psychology. Correct Is? So you have to understand that and for that You have to be in the market. market I will have to survive and in the market To survive, you started Don't deposit too much money at once Will have to. to survive in the market Try. Gradually your understanding If it is built then you will get it consistently from the market.

[00:21:13]You will become a profitable trader. And this is Something I have a firm belief on. I Truly believe this is going to happen. Right?

[00:21:22]So that is one thing that you can do. End I also gave two tips based on trading psychology.

[00:21:26]The books have been fully covered in this channel.

[00:21:28]You can check that out too. or if you If you want to read these generals also then trading Lots of videos based on psychology Are. If you like videos, you You can also see it. If there is any doubt somewhere then that too You can tell me. I can make a Dedicated video in it. If you suggest If you want something related to books, Mark Douglas is one He is a very big name. You trade them You can read books based on psychology.

[00:21:47]Like I have published two books on my channel itself.

[00:21:49]Cover curry. You will see those too.

[00:21:50]Whose name is Tech Ek Thi Trading in the Zone And one was The Discipline Trader. I have both has been covered. So you can check that out too.

[00:21:58]You can do it. It affects your psychology It will help you in understanding.

[00:22:03]After that, this book on technical analysis I'm already covering the one I call Technical Analysis of the Financials Market John J. Murphy's. Again this is very It is an important book. It is very old. So You have read some things according to the current time.

[00:22:15]Will have to make changes. But this gives you the basic Explaining Understanding the Market It takes a lot to understand everything for It helps. Almost everything covered Does. That's why it was called the Bible of Trading goes. The third is risk management. Risk Management is most important because This is what you need to survive in the market.

[00:22:29]Will keep it. What happens is that in the beginning We enter so many wrong trades that when the right trade comes along, our Strategy, our discipline on its basis By then we have no money left.

[00:22:40]So think about surviving. Quality Focus more on trades. quantity Not on trades. As a beginner you can do Like that. Sir, I trade on Kotak.

[00:22:50]Please tell me some strategy. I Request. Look again, I will give you a strategy.

[00:22:54]I can tell you multiple but you have back You will have to get tested only then you will benefit.

[00:22:59]Like one I tell you that EMA's You can do it on a basis. Ok? But I will not tell you again that you Follow blindly. Like look here What is EMA if based on EMA?

[00:23:10]There is an exponential moving average. To you You can trade anywhere and in anyone. You You will go to the indicator section and put it on You can do it. Ok? So what I use That is 9 and 20 EMA. Ok? again Strategy only gives you an edge. You have a gives a slight advantage that the The direction you are going in I may be able to help you a little. So 9 and 20 EMA Nine: Your Short Term Trend It tells you what the market is going to be like in the short term.

[00:23:35]side going and 20 your intermediate or You can talk about futures and stocks.

[00:23:40]So it also tells you the large trend. Correct Is? So on the basis of its crossover you can You can make an entry. EMA Exponential Moving average is 9 EMA then last nine Your average of the candle is telling. Moving Average and 20 EMA of the last 20 candles The moving average is telling. Ok? so like If you apply this then when 9 EMA 20 You will see two lines forming.

[00:24:01]On the price chart. Ok? So if the 9 EMA Crossing the 20 EMA and moving upwards Is. That means nine is coming up and 20 is coming down.

[00:24:08]going. So whose example is this for you?

[00:24:10]This is your example that the market is trending up.

[00:24:13]could move towards because the crossover happened Is. The market is moving upwards in the short term Can. So here you are, what is important?

[00:24:20]Support or resistance zone You can create an entry by taking confirmation.

[00:24:24]Towards. Its opposite, like if 9MA 20 crosses the EMA and moves downwards So you can say down of the down trend that Plan your trade on the short side You can shift your trade plan towards put or You can do it. Ok? Ok? So this is a General is a small strategy. Rest of the back Test it and then you will understand.

[00:24:44]It will come because strategy is just an edge.

[00:24:46]No. What is a strategy that you There is only one edge that gives you a little edge in the market.

[00:24:53]He is giving an advantage to the rest of the people In comparison. Ok? So you are different Backtest the strategy. back test i.e. That on the basis of previous data Look how much work it is doing. Whose What is its percentage? Yours According to the understanding, which one The act is for you. You put that on You can. Ok? I prefer EMA Am. I can tell you that the support I prefer the one that has end resistance.

[00:25:15]You can also check other indicators for confirmation.

[00:25:17]You can. Don't complicate yourself There are things. I have to take it easy. Ok? So That is my approach. Rest Strategy Again You will find thousands. All this is what it is Explaining this strategy or giving live signals These are all short term things. In this Your main aim is not in learning. Yours I am thinking how just once or twice my Rupees should be made and that is why many people nine out of 10 traders why do you think that Why Traps Occur or in Overall Loss Why is it? Because they are all after this thing.

[00:25:45]You are running away, right? short term solution Running behind. Someone's in learning There is no attention. in understanding things No one is paying attention. in the market No one is even thinking of surviving.

[00:25:53]The only thing from the market is that money can be withdrawn quickly.

[00:25:55]Get kicked out and run away. So if your It's just your AI that On which time frame? I usually take 5 minutes I use it and I will tell you that 5 Start from the minute itself. Rest top to bottom I have said that the approach is top to bottom.

[00:26:11]What I mean by approach is that the big The time frame you are trading on today If you are in FAO then you are dependent on monthly data.

[00:26:21]Start or even start weekly You can. Weekly basis or monthly basis You mark support resistance on it and After that keep coming downwards. first monthly 2019-2020 tax, then weekly tax, then intraday tax what tax, then you get tax on hourly basis, then Do it for 15 minutes, then come back for 5 minutes. So, You will not see anywhere among these that Support and resistance across time frames Matches are being held in. Ok? So that Will become important. Apart from that, the big Support and resistance of the time frame They also become important. So his When there is a market nearby, then at that time You can be a little more cautious that a The confirmation is that the market is an important It is around Jones. From above you can do other methods You can also see how the prices move from here.

[00:27:00]I am doing it there. Then you can make your entry You can decide. So this is from 5 minutes You should go down only when you are in the market It will take some time because 1 minute There is a lot of volatility in it. To you Time to put on SL etc. is the same And when time is short, we Not under pressure and more panicky You are also doing it and especially when there is money It is included, money is included. So small You can do it after some time as per the time frame. 5 You can also do it on Minute Is App for 15 minutes. But I don't think FAO is bigger than that.

[00:27:31]That will be beneficial. On a larger time frame, you You can only see that important zones Where are they etc. a meaning on its basis Right entry has to be made here, those small You can see it on time frame. 5 minute joe The time frame is not very short either.

[00:27:44]It happens. It is not very big either.

[00:27:45]That is why it is generally preferred.

[00:27:47]So that is something that you can also do.

[00:27:50]Sajawal Sajawal 786 Right. I Hope It Helps In Some sense.

[00:27:58]Hmm.

[00:28:01]All right. Start Bents & Keltner Channels. As discussed in Chapter Nine. Now we I am on chapter 19. In Chapter Nine, we Discussed the bending techniques we have been Used for many years. Two Types That I Preferred are based on the average true Range. Despite this common factor. These two Types of bands are used in very Different ways. Average True Range is the average of true price ranges over x periods.

[00:28:24]True Range Is the Greatest Distance From Today's High to Low. yesterday is close to Today's high and yesterday is close to today Take. Yes sir, thanks. Glad I could help you Brother. I'm Really Happy That It Helped You. All right. Now Yesterday Is Closed Today's High and yesterday is close to today's low. C Wells Wilders New Concept Inn Technical Trading Systems. All right.

[00:28:48]Manning Stoller is a well-known expert in the Commodity Business Developed the Stellar Average Range channels and star bands in h Formula The 15 Period Average True Range Is Doubled and added to and subtracted from A six period moving average is ok If it is there then we will not go to Phula.

[00:29:06]Because only we have wherever, whatever We trade on the trading platform What you are doing is just putting the indicator there.

[00:29:12]If you want to put an indicator then all these It does the calculations but our subconscious The reasoning behind this in mind It is very light, so we are looking at it. Correct Is? Otherwise we have not done that in the paper You have to sit and tell me that this much minus from here If you do it, you will do so much plus, only then this happens.

[00:29:26]I Am Simply for Basic Understanding Going through it. Ok? The Upper Band Is Stark Plus. The lower is Stark Minus.

[00:29:32]Movement Outside of These Bands Is Uncommon And indicates an extreme situation. Correct Is? So this is the important part. Upper band.

[00:29:38]Two bands will be formed here. The upper band you You are calling it Stark Plus. and Joe Lower It's a band, they're calling it Stark Minus yes. As in the Bilinger band, Two bands are formed. until in the middle of Price lives, so there's a space between us and him.

[00:29:50]There is another center line, which we have read about.

[00:29:52]On that basis we decide our entry.

[00:29:54]Are. So that's what we're seeing here.

[00:29:56]The upper band is stark plus the lower is Stark minus movement outside of these Bands. This is a good idea. If movement outside of If it is happening then it is uncommon. And that It is indicating an extreme situation.

[00:30:08]Extreme situation means that if If it is generally moving above the upper band then You can say that there is more buying here.

[00:30:16]has happened and bears are overbought market and from here the market will fall down There are chances. I think in the same direction It is going on. I'm on the bass of the Billinger Band But I am telling you here. Let's Read It is completely and then we will understand.

[00:30:27]Ok? So in any case when above the band will it go away or from the upper band, say above He left. For example, suppose there are two bands, right?

[00:30:34]We are talking about Star Plus. I am confused I don't do it to you. erase in a minute I will try to explain it properly.

[00:30:41][nasal sound] We Ok Like let's say this is it. Ok? Accept this two There is a band. All right. This one has gone up Stark Plus. Stark became the one below Minus.

[00:31:01]The price is moving in between this. Correct Is? Zigzag is moving anyway. You Just understand it for understanding. When [nasal sound] Stark will come down from minus or stock If it goes above plus then it will be extreme.

[00:31:12]There is a condition. I am saying this. Ok?

[00:31:14]Due to changes in extreme conditions The chances are comparatively higher.

[00:31:18]Chances of market direction change There are more. So, we understand this.

[00:31:23]In this manner, look, understand the extreme situation We went. In this manner, they can be used as Trading Flutters. Ok? Ok?

[00:31:30]Use it as trading filters It can be done. When prices are near And above the stark band it is high risk Time to buy and a low risk time to sell.

[00:31:40]Look, I was going in the right direction. correct direction I was going. If above Stark Plus Price has gone up or the top of Stark Plus If it is around then here we are saying that If you buy from here then it will be a Risky trade will make you and if selling If you do it, it will be a low risk trade. Because The market has become overbought. If The market is overbought, which means Buyers have already made a certain profit and sellers can now activate Or even if buyers close their positions If they are, they also become sellers. This we I had understood this before and this general understanding It is of the market. buyers in the market and There are sellers. OK, just give me one Seconds.

[00:32:24][nasal sound] Ok.

[00:32:26]All right. So I said in the market that There are buyers and sellers. So the bearers Will the work be done or will the buyers benefit?

[00:32:35]Where he has made his entry. As He has made an entry at 100 and If the prices go above 100 then their There will be profit. thing worth Rs. 100 thing for Rs. 100 He has bought it. If it reaches 120 He made a profit of ₹20 in between. same way When will sellers benefit? Suppose he Sold at Rs 100 and prices went down.

[00:32:50]When they went to 80, they sold more.

[00:32:53]I did it at a high price. Now say bye here If they give it at 80, then their profit will be here.

[00:32:57]It will cost ₹20. Ok? So this is basic There is an understanding between the buyer and the seller. Now If there is a bear in the market and the bear is say 100 He made an entry on it. 120 per price reach Already happened. Here, even above the pay stock plus It has arrived. So what will happen here?

[00:33:12]Buyers will close their positions. Byers If closing your position or If he is liquidating then what does he have to do with his have to do it? He will have to become a seller.

[00:33:20]Buyers will sell only then their position It will be close, right? So if this buyer also becomes a seller It has been and suppose more sellers from here If activated, where does the market go?

[00:33:28]If sellers are activated then the market It goes downwards. So that's why you're saying Are that around Start Plus if the price or has gone above this extreme If it is in condition then move towards buying from here.

[00:33:38]If you make further trades, that risk There is more there and if towards selling If you make it then the risk is less because from here Chances of the market going down are high Are. The opposite of this would be stock minus pay.

[00:33:47]The stock price went below minus. So This means sellers have already made a profit.

[00:33:51]Have taken it. Sellers close their positions do. There may be a Bearers Act and here The market can change itself.

[00:33:57]The direction may be upwards. So here If you buy from it then it will be your winning Can increase the probability. If sailing If you do this then your losing probability here It can increase from. So this general understanding It is about the market. Ok? when Prices are near and above the stock plus Band It Is High Risk Time to Buy and Low Risk Time to Sell Conversely If Prices Are at and below that stock minus band than It is a high risk selling Zone and a more favourable point to buy. Correct Is? So we already understand this. Moving forward Are. If you have any doubts somewhere, understand something.

[00:34:29]I am not coming, do you want to ask me something?

[00:34:32]Or do you want to tell me something, add something on?

[00:34:33]If you want, you can do that. Ok? Huever Is watching this. The Weekly Continuation Chart of Gold Futures Figure 8.5 is plotted with both the stock plus and stock minus Bands in 1997 at Point One Gold Price is slightly over shot the stock Minus band two, the price action was weak.

[00:34:51]Stare Ah Bands Indicates That This Was Not a Good Time to Sell by Waiting for a Better One Selling Opportunity Was Likely to Akar Just Three Weeks Later Gold Was $22 Higher and the Star Plus band And at the Star Plus show OK to was a low Risk Selling Opportunity in July 3 Gold prices will drop well below the Stocks Band But Instead of Declining Further prices move sideways for the Gold Prices Then for the Next 12 Weeks Started to lower from November to December 1997 and Touch the Stark Band Three Times Points Four in All Instances Prices did stabilize and move higher for One to Weeks These Bands Work Well in All Time Frames Even as Short as Five to 10 Minutes Bar Charts Start Bands Can Help the Trader Avoid Chasing the Market OK which almost always results in poor Entry price if you chase the market Your entry there may become wrong.

[00:35:51]Speaking and Stark Band helping you Let's do OK to enter it in the right place.

[00:35:56]Let's understand the gold here.

[00:35:57]Explained by giving examples So this is your Stark band. Ok? These Your upper band is done. Start Plus Write I will give it here. This is your minus.

[00:36:06]Ok? So look at the first point, this Price is moving in the middle. Ok? These This whole thing that is going on in the middle Bars forming Candles forming This is your price going on in the middle. Now if Look at point one here, what is there here?

[00:36:20]Has it happened? Look at the band at the bottom.

[00:36:21]Stark minus band is the price around it He has come. So we know that if If the price comes around Stark minus then this It is in extreme condition. If it breaks After doing this he goes down and that too in extreme Is. If it even comes close to that, then that too This is an extreme condition. So what does this mean Is? What will happen from here? Buying will come. Now!

[00:36:36]Till now the market was falling down here It can stop here and go sideways or from here Buying may come. Look, buying is coming from here And reached point two. Stock Plus Reached the line. Access to Stock Plus If it goes then the selling will come from here and then down Will come towards. Then buying will come from here. So Generally this is how the market works. no longer necessary that from here like Market Stock Plus or If the stock is coming in minus then from here It is not necessary that the trend reverses immediately.

[00:37:00]Is. The market also moved sideways for some time.

[00:37:02]Could stay. For example, let's say Market One Point Pay came and here the prices went down While we were going here, the extreme one The condition has been established. From here to the market The direction may change. So the market Further, it will not go downwards. This to us It is clear. But even if it goes up, it will immediately It is not that it is completely above the roof.

[00:37:18]He will go away. No, the market will take some time It may also remain sideways. Ok? then up It is also possible that it may go towards. Ok? But Continue this in the same direction The probability decreases. Again Market I say that on probabilities Things move on. We just identified this We have to do that where we win.

[00:37:36]The probability or possibility is higher, that Make us an entry on the side and our Winning possibility should increase. to make a profit The chances may increase. There are no 100% chances Are there anytime. Ok? That's why your stop Loss or risk management is very It is important. Ok? So this is the basic The general understanding of the market that we have I understood it in the case of stock band. here Its example is given in gold. Correct Is? The same thing has been explained here also.

[00:38:01]Stock Bonds Plotted Around a Six Week Moving average of weekly gold prices.

[00:38:06]Ok? Points one and three show prices.

[00:38:08]Bouncing After Dipping Below The Lower Band.

[00:38:10]Point to Shows Prices Falling After Rising above the upper band. Prices One and Three. that look here in one and three What is happening? Moving around the lower band Buying is coming again. Price from here also Stayed sideways for a while and then went upwards and from here the market price again goes up Has gone. And what's going on with To Pay?

[00:38:25]Prices are coming down. So this We have understood the scenario here. The same this I was trying to explain it in a diagram.

[00:38:31]The Keltner Channels were originally developed by Chester Keltner in his 1960 book How to Make Money in Commodities.

[00:38:40]Linda Resich A Very Successful Commodity Trader has reintroduced them too Technicians in every modification the bands are Also based on the Average True Range (ATR) We have also understood average to range, right?

[00:38:53]Here you can understand average to range like this Where should the price ideally be?

[00:38:59]It tells here. Ok?

[00:39:02]Ok.

[00:39:04]But the ATR is calculated over 10 Periods. This ATR value is then doubled and added a 20 period exponential Moving Average for the Plus Band and the Subtracted from it for the minus band.

[00:39:14]Ok? The Recommended Use of the Keltner Channel Is such a thing much different from the Stark?

[00:39:19]Bands. When prices close above the plus band, a positive signal is given, as it Indicates a breakout is in the uptrend Volatility. Conversely when prices Close below the lower band, it is negative And indicates prices will move lower. in Many Respect This Is Just A Graphical Representation of a four-week channel breakout System discussed in Chapter Nine. So look What was happening in the Stark bands? Who Extreme Hai Uske Aake Market Reverse Was doing. Around here on the Keltner Channel Your Market Continues in the Same Direction Does. Ok?

[00:39:52]Ah, Figure A6 is a daily chart of March 1998.

[00:39:55]Copper Futures. Prices close below the Minus the band in late October 1997 at Point Forest. This indicates that prices should begin A new downtrend and copper prices Drop 16 Cents in the Next Two Months.

[00:40:08]Ok? Look here, let's understand what Trying to tell. All right. Upper Line Plus Channel, Middle Line 20 Day Exponential average, lower line minus The channel is given here. Ok? This upper Line, this lower line. This lower line.

[00:40:22]Ok? And in between you have 20 days The exponential average is moving and it is your Prices are moving. Now what is in it It happens that when it reaches near the extreme From there the prices move in the same direction.

[00:40:32]Let's continue. Like in Stark The opposite was happening. like the bottom side If the market was coming then from there The direction was changing. butt down in it If there is a breakout towards then from here Prices will only fall further downwards. So As it moves around the lower channel.

[00:40:46]Look at the number of times the market is breaking it.

[00:40:48]The prices are falling further downwards.

[00:40:50]Ok? And similarly when prices Crossing the exponential average and moving upwards If you go to the side and break it, then A breakout may occur and the market price It can go upwards. This is our basic There was understanding. Ok? So Keltner Channel, you can say that in the opposite way He acts. In whose opposite way?

[00:41:07]Stark acts in the opposite way of the band Is. Keltner channels plotted around a 20 Day Exponentially Smoothed Average EMA.

[00:41:14]Average of daily copper prices with this The indicator moves below the lower channel such as one As interpreted as a sign of weakness. There There are many other closes below the Minus Band.

[00:41:24]during this period Till prices close above the plus band The negative signal will stay in effect. The Second Chart From the Plus Band Until the prices close above Till then we will consider it as a negative signal.

[00:41:43]He is saying this. The Second Chart Is March 1998 Coffee Prices Figure A8.7 End Illustrates a positive signal at point one After two executive closes above the plus Band prices then declined to the 20 The 20 Period EMA in a Rising Market Period EMA should act as support several doses After the EMA was tart point to coffee Prices Begin at Dramatic 30-Central Rise In just a few weeks.

[00:42:10]Ok? Ok? So here's a simple Example again is given in which we You know this is your lower channel. This is Lower channel.

[00:42:18]This one above is your upper channel.

[00:42:22]And this center line is your 20 days.

[00:42:24]is the EMA. I will write down the 20 EMA.

[00:42:26]Exponentially Moving Average. Ok? Now Look what is happening here? Prices Jab It came down but it didn't break.

[00:42:33]Did it and came upstairs. upward brake Did it. So wherever there is a break in whichever direction Whatever he does, it continues on the same side.

[00:42:38]Like here the prices have hit the upper channel If broken, prices will go further up from here.

[00:42:42]Keep going up. By the time he had finished his upper band Keep braking. Ok? up to here We have reached. And then until it breaks downwards I will not come after doing it. That is, its lower channel downwards until You will consider this as an up trend only. Correct Is? You can accept minor corrections in between In. But up trend is what you generally call it Will you consider it? So till here it is the same The thing has happened. The same example is given here It has happened. A Cal Channel with a Daily Coffee Chart Point One shows prices breaking the upper Channel Which Is a Sign of Strength. Notice That After That Buy Signal Prices Found Support at 20 Day Exponential Moving Average Average middle line at point two. So here There was a break. After that Brother, you are trading at a time pass.

[00:43:26]Okay, alright. For now, trading The mood is on, friend. Meaning, right now I am in the mood for learning.

[00:43:31]It has to be very precise. Right now I am I am not even trading. I am now Learning Things. So or that's about it. So Here in this case, look at the support one.

[00:43:41]The 20 EMA has acted as area support.

[00:43:44]The one who said that the middle line is yours then the upper After the side breakout, here When it came, buyers became more active from here.

[00:43:49]And prices then move further to the upside I went to. Ok? Support Support Area One A zone where buyers are more active Have been. All right. By the welcome to the channel If I am Devram Bhaiya Devram Bhaiya ok I hope I am not Pronouncing Your Name Incorrectly Paramjeet is saying time pass ok Paramjeet is Resounding on my behalf so welcome to the Live Stream Both Of You Suman Bhagat Is Saying Which one book is it, this is technical.

[00:44:20]Analysis of the Financial Market by John J. Murphy which is also known as the Bible of trading so about about this this this book book.

[00:44:26]I had heard too much. So that's why I This book was covering so that everything May our understanding be better. The Name of the The book is again, I'm going to repeat it.

[00:44:34]Technical Analysis of the Financials Market by John J. Murphy. Ok? John Jay Written by Murphy Murphy. You also check You can get out. So, we are finalising it now.

[00:44:43]It is on the chapter. Now we will tell you its page number.

[00:44:45]It is at 421. There are total 51 pages in it.

[00:44:49]Earlier I had done the entire live stream.

[00:44:50]Only covered. You can check it on the channel You can. If you go to the live section You will see it there. Great book yes indeed I have heard about it many times that Why I chose this book, I said read it.

[00:45:01]Let's take the one which has so much hype, once This should also be covered, right have you red it suman have you red it For me the like I would say I would recommend This Book If Somebody Really Wants To Understand Reading I would highly recommend This book it is a great book inside so if you want to read it out you can and read it Out. If you want to check out the content of This book, you can check it out in my channel Edge well. Ok? Now Formula and Formula For Demand Index.

[00:45:36]Ok? The Demand Index. All right. demand We already understood what an index is.

[00:45:42]Which is dependent on the volume. i.e When considering volume in the market When it started, the first demand It was seen on the basis of index.

[00:45:50]Then we also understood this in the demand index It was believed that if the demand index and price were the same If it is in direction then that trend generally It continues. If the opposite direction If it is in then we understand divergence from there and there is a possibility of the trend reversing.

[00:46:01]There is more possibility. Yes I read this One Book Is Better Than Market So Called Strategy All of Them Explained Lively in This book.

[00:46:13]indeed indeed I am I am 100% what I can say I will agree with you I completely agree with you in this someth alright param please name the book ok the name of the book is technical analysis of the financial market should i type it just give me one second [nasal sound] Give me a minute. I just type I'll pin this message again.

[00:46:49]Because many people are asking.

[00:46:52]The name of the book is Technical analysis of the Financial markets.

[00:47:03]The author's name is John J. Murphy. I am John J.

[00:47:05]I am writing it down. You will understand So that there is no confusion.

[00:47:09]I will write it all down. No problem. Brother John J. Muffy Ok. So I typed it. See I have pinned it as well. you check out You can read this book.

[00:47:28]Master the Market by Tom Williams. I have Covered this book to be very honest. I have Covered This Book. So far I have covered like Only Three Books Are Related to Trading And two of them were based on trading Psychology. So one is the discipline trader.

[00:47:43]The second one is the trading in the zone. both Of Them Is by Mark Douglas and This Is The Third Book on Technical Analysis of the Financial market. what is your view on This book? Do You Want Me to Cover It? Maybe I will cover it next.

[00:48:00]Thanks. My pleasure Paramjeet. My Pleasure The Book Name Is Master The Market By Tom William. Ok, I will check it. It is possible I hope to cover this in my next book. master The Market. Right? thank you for the suggestion Brother Suman.

[00:48:17]Any other book recommendations related to Trading related to investing, related To Trading Psychology Any other suggestions?

[00:48:38]Can one become a big Babul by reading books?

[00:48:41]Started becoming a Big Bull by reading books May go. is what my understanding So far. So it is like this that if without understanding anything If you enter the market normally without it being like you don't know that which direction to go and you randomly You could be doing anything. By reading the book you There is a little understanding about it In. Then you can decide on the basis of that understanding.

[00:49:01]What action do you take? how are you Do you have any experience? how much time you It is important that you survive. They It can take you in that direction. And What is the rest of Big Bull according to you?

[00:49:11]Don't know. But I can say that the book Read it and apply it in the right direction.

[00:49:17]Becoming a Consistently Profitable Trader 100% Can be made. I am a firm believer of It.

[00:49:27]Yes Must Trade Will Get Inside It Slightly Depend upon demand and supply with Volume Analysis VS Analysis Used By Best Top for Prop OK I'll Cover It next then Brother, we get the right direction only from books.

[00:49:45]My Opinion: Which Course Sells? That is.

[00:49:49]True, look at the courses they are selling.

[00:49:53]It's business for them, so I'm their I am also understanding psychology. Look, but the It's just depending on me Looks like he's lost a bit of his Look for understanding when you look at someone else If you believe it then it is yours Dependency occurs. Then you have their You will have to act accordingly. Butt mine is this That if you learn something yourself then your If you apply it accordingly, you are The Owner of Your Destiny scene Will go. Right? Someone Pay Dependent Atleast Not being dependent on any human being Will have to. So read books or generally If you find the video correct for understanding If you feel like it, you can do that too. Your research do it. Nowadays, there is a lot on the fingertips.

[00:50:32]All things are easily available. So you those Look at things. Then your understanding Make. Make your own strategy. anyone's Why blindly approach strategy?

[00:50:39]Want to follow? I also did it when I Came into the market in the beginning Three-four years ago, we too were curious.

[00:50:46]That's why we get into trading. stock Come to the market. Then we blind someone They start following because everyone is following the same person.

[00:50:52]are following. Then we think No friend, that is not happening from here.

[00:50:56]That guy may be making a profit but Ours is not turning out like that. It is our loss It is happening. The money is going to us, isn't it?

[00:51:01]So we have to develop our understanding.

[00:51:03]Will have to. Brother, the direction is from the book only. Yes That's good. That own experience is what works I remember my own mistakes. Exactly Exactly that's my point right when you You will understand it and then only you will apply it.

[00:51:15]You will understand your mistakes and Psychology has a great impact on the market.

[00:51:19]She does. Whatever mistakes you may have made That the pro traders in the market Making mistakes you never make Will you do it? But it is possible that the mistake He is not making a mistake for you.

[00:51:31]Might be possible. So that's why your own Experience is required. Then I say I am saying that you should develop an understanding of the market.

[00:51:37]Then try to understand things. Then Try to apply it. very large Don't come with money. because as soon as If the money goes to the market then you are your It is psychology, it affects him very quickly.

[00:51:47]Does. Especially in FAO, there are many The price fluctuates rapidly.

[00:51:51]There is volatility. then over there Then, until you understand, you You must have paid a lot of money in the market.

[00:51:56]So that's not something we should do right?

[00:52:03]Exactly, exactly. and learn my It is very important according to the calculation. to experience It is very important in the market. relay I don't think this is the right approach.

[00:52:13]And anyway, what is normal in our life There is understanding there, right?

[00:52:17]You can follow. in all other things You can follow someone and go on the same path as them.

[00:52:20]You can. That can't be the case in trading.

[00:52:22]according to me. In trading, you Understanding will have to be built. To you You will have to find out which one is right for you.

[00:52:27]Things are working out. because everyone's different types of things work for In trading. And I am a firm believer of It. Based on my personal experience, Just Referencing Few Sources to Learn market. That is fine. start somewhere that It's very important, right? The Problem is what is the main problem that I have Faced When I Started Learning About Things. I was waiting for the right moment.

[00:52:46]I was waiting for something that is so perfect. That will make me completely Understand the Market and It Will Be Like A what I can say, it will be like Ultimate Source to Earn Money from the Market. But it Doesn't work like that. It is like you have to Understand a Lot of Things Than You Have to Pick What Works for You Than You Have To Spend Time in the Market Than You Have to Figure out your things than you need to have a Structure the System That System Should Be Built By You Only Because You Know What Is Best That Works for You Right You Know That What works best for you. His basis pay you will make a system and you will Follow that system wherever you feel like a What I can say correction is needed so you Will work on that and you will get better and Better and ultimately from losses to you will come to break even then ultimately you Become a Consistently Profitable Trader And I'm a firm believer as long as you keep your Some system or some strategy or some discipline If you don't follow the market then you Not becoming a consistently profitable trader Can you consistently word me here I will do this because I am very consistent It is necessary. Somebody thinks that the friend is a I won the trade very well It's good. This does not happen. market The game itself is to survive.

[00:53:56]Consistently withdraw money from the market. 10 You are losing, even if you are winning, that too is one Must be correct. One like this for someone Anything can happen. I gave a few I saw the trader's. his winning percentage That much was correct, wasn't it? If he used to trade 10 He used to lose in eight. But that loss is his He used to limit his profits to this extent and He used to take it so long that in the two He used to have profit, that was all his loss.

[00:54:17]He also used to recover. He also has good profits He used to give a lot. So that thing worked for him.

[00:54:21]used to do. Five Five works for someone It is that he is winning equally and losing equally.

[00:54:25]But profit is being made. be for someone He may win eight times and lose twice.

[00:54:29]Only then can it become profitable. so it could be Anything can work for anyone. You You have to find out what's right for you.

[00:54:34]It works. Trading in the Zone Your Trading Coach By Lance Beggs Master the Market by Tom Will.

[00:54:42]Okay, I'll just take a screenshot of this.

[00:54:43]Thank you so much. It Means a Lot We Master the Market by Tom Krell Is Professional Trader Work In JP Morgan is based on fundamental trading.

[00:54:56]Fundamental Trading OK Fundamental trading is something I pay I don't completely believe it. My more approach technical trading or You are more inclined towards technical analysis.

[00:55:09]You can say it is inclined. Rather Than Fundamental Trading. But yes, some Fundamental things for your confirmation You can use it. That is my approach.

[00:55:18]You can use fundamentals in investing.

[00:55:20]yes. That is required. But in FAO Fundamentals Like some can help a little bit but No, you can't completely relax. thats My approach. Maybe it is working for someone Else that is completely fine trading in the Zone, I have covered your trading.

[00:55:36]Coach Your Trading Coach Okay Master The market We Entrance Craze Professional Trade About In Okay, I'll probably do some trading next time.

[00:55:49]Based on psychology or risk management If there is any book based on it, then I will figure it out.

[00:55:52]I'll try to get him out and cover him up.

[00:55:54]Go because with this book I I am almost there. 422 out of 501 pay I am here and I am on the 19th chapter in this.

[00:56:04]of that book and I think now this I am summarizing what is in this entire book.

[00:56:09]If you are summarizing what is lying there, then That's fine, maybe I'll be next Book Master The Market Hee Cover Karoon We Will CV Will C And I have heard a lot about this book.

[00:56:20]I had just heard this technical analysis of the Financial Market That's why I prefer this Curry ok thank you so much everyone for the suggestion If your trading finances like your There are things I feel like you guys If you are interested then you can join me in this Journey and you can subscribe to the channel And You Can Like the Live Stream as Well Okay so thank you so much everyone and I think we Should Call It This live stream and Shall I Continue, okay, let's cover a little more.

[00:56:46]Master the Market, I took a screenshot I have taken this and I will tell you a little about books.

[00:56:50]I will do some research on which book to read next.

[00:56:52]should be read Formula for Demand Index. formula Ok. Let a general look into this.

[00:57:02]Because again which one have we based on this I have to give the paper. Right? The Demand Index Calculates to values ​​buying pressure and Selling pressure. and then taxes a ratio of The two. DI is buying pressure upon selling Pressure. That is, what is the demand index?

[00:57:18]There is buying pressure upon selling pressure. There R some slight variation in the formula. here There is one version. Some slight variations in this too May be. If prices are up then what Brewing pressure is equal to volume will be. In case the prices are up Selling Pressure Volume Upon Price Will go. where P is the percentage change in Price. How much is the price changing?

[00:57:41]That is being denoted here. Ok? If Price rise so BP is V and SP is V / P.

[00:57:48]Ok? If the price is declined VP If prices are declining then the opposite should happen Will go. which is the selling pressure of the volume will be equal and the buying pressure will Volume upon percentage change in price Will go. Because P [nasal sound] is decimal Less than 1 P is modified by multiplying it By constant K. P = PK k = 3 * C / VA Where C is the closing price and V is Volatility average is the 10 day average of a Two Day Price Range Highest High Minus Take the lowest. Ok? If BP is > SP then DI = SP/BP OK The Demand Index is included In the Meta Stock Charting menu, OK This is good for basic understanding.

[00:58:26]This appendix was in more detail Prepared by Thomas E. Asprey OK Our Appendix A is complete.

[00:58:35]Allright Ok. Also complete Appendix B.

[00:58:39]What? Shall We Go Ahead?

[00:58:43]Shail V [nasal sound] we we Okay, cover this in the next slide.

[00:58:53]I will guess, let's introduce ourselves.

[00:58:56]Let's complete the introduction of this Appendicary is about market profile ok Now Introduction The Purpose of the Writing Is To Illustrate What Market Profile Is And to define its underlying principles Before the early 1980s the only technical tools Available on the bar chart and the point end Chart figure about which again we have talked a lot Starting at the very beginning of this book I understood. Since then, the market profile was Introduced to expand the arsenal of Technical tools. Ok? Market Profile is essentially a statistical approach to the Analysis of price data. Price data To understand, you can say that statistical This is the approach. for those without a Statistics background. Amilier Example may be helpful. Consider a Group Of students taking an exam. typically Sum score very high, from 90 and higher. Even Score Very Low to 60 and Lower But Most Scores tend to be clustered around the 75 A histogram can be from the average score used to determine the frequency Distribution of these test scores Scores in a statistical picture OK Figure B1: See an example here: Market This is your market profile.

[01:00:05]An example is given to explain that So, if there is a test in a class, then something The students performed very well there.

[01:00:11]Some got more than 90 marks.

[01:00:13]Perform well. Which means less than 60 The numbers came. He scored low, basically.

[01:00:19]And some averages were in the 75 range. Correct Is? So, we created a histogram of it here.

[01:00:24]It has happened. Alright? So here it is The histogram is in P.1. Now this What did we understand on the basis of the histogram?

[01:00:30]Let's understand. As Can Be Seen the Most The frequent score and model score is 75.

[01:00:36]Six students while the range of Scores are defined by the lowest end Highest scores 55 and 95. So here What is the average score? Look it's 75. Ok?

[01:00:44]And what is the range of scores like? range means that From where to where did people gain marks?

[01:00:50]Are. From where to where have you done it? Lowest 55 Do it and maximum is 75. So the range That means from lowest to highest we Covering the whole thing. Ok? 55 to 95 There will be a range. Note How the Scores Distributed Evenly Around the Model Score. Ok? For a Perfectly Perfectly Symmetrical distribution. The Model Score Will be equal to the mean and average scores.

[01:01:11]The model score is 75. The average score here will be equal to that. Next, observe the The distribution is bell shaped. Bell's Shaped has distribution. Ok? What I understand that I want to go in a direction Are. Gave Tell Tale Sign of a Normal Distribution For a Perfect Normal Distribution Specific Standard Deviation Intervals co-relate to specific numbers of Observation. For example, if [nasal sound] The Taste Scores Are In Fact Perfectly Normally Distributed, giving 68.3% Or these scores will fall with in one stand Deviation from the mean when actual data is Unlikely to Form a Perfect Normal Distribution. it is often close enough that These relationships can be employed.

[01:01:52]Prices Like Other Physical Measurements Example: School Test Crates, Population, Heights Asetra Distribute Around a Mean price level as well. So here it is It is telling that whatever data you collect Staying around the mean price Let's distribute. like here too 75 If we were carrying fish, then its Price was being distributed around We were coming from below, the peak was 75 then After that, the bottom means more people are 75.

[01:02:17]Were in range, then from there down like this They were coming towards. What is the market?

[01:02:21]Profile graphic?

[01:02:23]Ok? What is a market profile graphic?

[01:02:25]Is? Visualize It as Simply a Frequency Distribution of the prices displayed As a Price Histogram Turns on Its Side. C Figures B.2A End B.2B Ok. Prices Histogram Again This What is? Whom are you visualizing?

[01:02:41]Price's Frequency Distribution Where do the prices range from?

[01:02:45]Are you distributing? visualize it He is helping to do it. traditional This is the method and flipped on its side.

[01:02:52]Meaning the same thing is flipped on the side Shown in the direction. Ok? So, These are the two ways Market Profile Graphic To show. The Center Piece of the Market Profile Graphic Is The Bell Shaped Normal Curve used to display the evolving Price distribution. Ok? Once the Normal Curve assumption is acknowledged, a model and Average Price Can Be Identified A price dispersion standard deviation can B. Computed End Profitability Statements can be made regarding the Price distribution. for example Virtually all values ​​fall within these three Standard Deviation of the Average While About 70% 68 3 to be exact fall with these One standard deviation of the average. Sea Figure B.3 is it okay? What is happening in B.3?

[01:03:39]The Profile Graphic Reveals the Market Activity is regular and normal Distributed.

[01:03:44]Regularly normally distributed here Is. This is what is being shown. Around Pisces The price is what is being distributed Are. As such Market Profiles Provides a Picture of What's Happening Here and Now in the Market place. What is happening in the market It defines it. basically in its Pursuit of Promoting Trade the Market is Either in Equilibrium and Moving Toward It.

[01:04:08]Promoting Trade market in promoting trade or will be in equilibrium or Must be going towards. Equilibrium values Look, the area which is fishy is being called Is. Ok? Anything in Equilibrium it occurs. Like you might have read in science.

[01:04:23]Nor did I attain equilibrium. means now The sense that things will be stable. The Profile's Natural Tendency Towards Symmetry Defined in a Simple Way: The Degree Of Balance Equilibrium and Imbalance Disequilibrium yes okay equilibrium You can think of it as a balance and Disequilibrium means imbalance Can you understand that exists between buyers and Sellers Okay, so this defines this thing that whatever balance between buyers and sellers or There is an imbalance in defining it.

[01:04:52]Helping as a market is dynamic That is, one is constantly moving There is no stagnate in place. The Profile Graphic Portrays Equilibrium Age periods of market equilibrium when prices Distributions are symmetric and Represents Dick's Equilibrium as periods of market imbalance when Price distributions are not symmetric and R. Skude.

[01:05:12]Ok? Market Profile Is Not a Trading The system does not provide trade Recommendations. The M of the Profile Graphic Is to allow the user to witness a markets Developing Value in Price Recurrence Overtime?

[01:05:24]Ok? Meaning the value of the price is Riker is doing up over a period of time.

[01:05:29]To make it our understanding The graphic profile of the market or The profile is graphic, that helps.

[01:05:35]Market development value is ok as true Market Profile Is a Decision Support Tool Requiring the User to Exercise Personal Judgment in the Trading Processes.

[01:05:46]Bro doing great best wishes for your Growth and Success. I am amazing to see you.

[01:05:52]First Person Sharing Good Content Over Love Stream. Great work. means a lot means a Lot. Thank you so much for the kind words.

[01:05:59]And I wish you the same. I wish you a great Future Ahead Edge Well. And if you like the content, then you can check out the channel and if You feel like it is going to add value, you Can subscribe it as well. Thank you so much.

[01:06:09]And all the very best for your future age well. And once again thank you so much for your Kind words. So Suman have a great day Ahead. All right. So, we are at this process.

[01:06:18]Yes, so we understand that the market profile The general function of is to provide you with this support.

[01:06:24]Helps in explaining as a tool. So Personal Judgement Again It Is Also Saying The John the author is also saying the same thing that This is your personal judgment in To help means to be able to help In the trading process. So It Is Something Like that. Ok? Now Market Profile What is graphic exactly? Now we This will be covered in the next live stream.

[01:06:44]do. I will take a short break and there After I will be back because today I thought I think I might cover this book. Now!

[01:06:51]We are on page 25 out of 51 And this will be our approach that today we Complete it. Almost 76 pages left Are. Let's see how far we can reach.

[01:07:01]But we have set a goal. so yes hu Ever is here if you're new you can check out the channel. If your trading stock market Finance or finance if a big umbrella Take it with you. Investing and trading in it Try investing all the things in mutual funds. So If you are interested in these things then You can check out my channel. If You Feel like it is going to add value to you Can subscribe to the channel as well. and make Sure That You Are Liking the Live Stream Two. Ok? But make sure you subscribe Only doing it when your into it are interested and you think someone There can be value addition. thank you so much for Being here. Thank you so much Universe. Thank you You are so much Radha Rani ji. Have fun. Peace out.

[01:07:37]Thank you.