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Daksh Murkute - Professional Trader, Author and Coach
Thanks for the video. I do however want to point out something that you said that contradicts my experience. You said that pending orders are immune to slippage. Well, I've once placed a sell stop that was triggered 40 pips below the set price due to slippage. According to my broker, the slippage was caused due to the volatility of New York session opening. So, it's either you're telling the truth and my broker lied to me, or my broker told me the truth and you are unaware of this possibility
There are alot of possible higher highs in your graph, why do you skip them? How do you select the right higher high and lower high? You think this video helps but for critically minded people who wants to start trading, your video is not really explaining it.
Thank you so much for this video. It touches on the four main types of divergence. There is a book about 20 types of divergence which I am sure traders interested in divergence trading will benefit a lot from. Thank you once again
There is no thumb rule for that. But usually, it retraces less than wave A, though retracement is not bound to Fibonacci levels. For the assets I trade, I have seen it retrace anywhere between 0.382 to 0.618 Fibonacci levels and than may change with assets.
@@TradersMonopoly sir ji I am very common and very new in the industry I was thinking of investing for a long tream. Bybit and binance are the best options? Or should I go to some other exchanges. And what makes you think that binance will fall?, I away your valuable feedback! Thank you 🙏🏼
