I love the simplicity and clarity of this setup. Thank you for sharing it! However, as a test I'm looking at the last year of daily for SPY. It had some strong uptrends, but has only been above 70 twice - now and last August. In August it crashed hard. I'll keep looking at other stocks, funds, and timelines.
@@PrateekSinghLearnApp So far Daily for the Year, with the RSI set to Wilders. Changing to a Simple averaging helped a lot, but it's still difficult to come up with many setups. I'm a complete newb, but I'll try formally backtesting and tweaking across more symbols.
Hi! Nicely explained. Two quick queries: 1. Is this strategy only for uptrend? Is there a similar strategy for downtrend/short trades? 2. Can we use this strategy for Intraday?
Namaste parnaam sabhi team ko.. Watched this 50 times and tried to use it on trading view also. Sir, ye to kaam karta hai....The simplicity of this gives me confidence in the trading world as a beginner. Ps. Ordering myself a zero power chashma to feel cool after doing those calculations myself. Tumhara priye go-ud liya hua baccha, Jatin. :)
Awesome! Also why don't you suggest us some topic that you would want to learn about and we'll create a detailed video around it? Could be company or sector analysis, or some sort of concept explainer video on Technical Analysis or Options trading... Literally tell us whatever you'd love to watch :)
Very simple and clear explanation. Thanks Sir for your videos. Till date I lost money in trading. Now I know why (lack of patience). One request sir, is it possible to upload prime training videos online to reach wide audience?
This is awesome. Would love to back test this. May be we can re enter the loss trade, once the price is above the candle which took out our SL and now this candles low becomes our new SL.
Very nice trend following setup, but this comment really caught my attention, "If you are in trading for quick money, please get out" , lol, this is one of the biggest myths people have that one can get rich quick by trading, myself included, until a few weeks back when I had my Aha moment. I wasted a lot of time and effort trying to find setups which would make me an Ambani overnight.
Hello Shubham, drawdown is the term used to describe the largest decline in the value of an investment. It is calculated by measuring the difference between the highest peak and the subsequent trough within a specified timeframe. The drawdown period refers to the duration during which a specific investment remains in the loss zone. When Prateek mentioned a "drawdown for 6 months," he meant that the strategy experienced a negative performance, with the portfolio value continuously decreasing for six consecutive months until it eventually recovered or reached the breakeven point.
