Trading.

My trading cycle/life.

I have been trading for last 1 year after learning technicals in  Jul - 2011.

I had started with Support Resistance Trendline and Channels.

Then I started seeing Moving Average.

Then I was impressed with RSI and further impressed with Stochs.

Then I added Macd and Bollinger band.

To make my trading more perfect I even added ADX and Fibo further to my study.

Fibo retracing retracement helped me for quite some time.

Then I added CCI and in the meantime also learned Candle stick patterns and features.

Finally I went to software enabled trading with backtesting of data and accuracy stuff.

But none of them really gave me confidence to hold trades and inspite of knowing technicals I used to book profits(if any) very early and kept holding losing trades in assumption there is a trendline far away and prices will reverse from that direction to my favour.

I had a favourable experience of 100 consistent losing trades which turned my trading experience completely upside down.

I would call it as favourable because one night on thinking of my trades and consistently evaluating it gave me idea that what I was doing , if I did completely opposite of that I would be a real winner.

Hence, I deleted all indicators oscillators and stuff and just concentrated on Support and Resistance.

I had  luck to meet one of greatest mentor who taught me that Prices are always imbalance.

Trading should consist only of 3 things :-

Support

Resistance and

Change of polarity. Change of polarity means earlier support becomes resistance and earlier resistance becomes support.

Other way to define Prices are always imbalance by my mentor meant Bhaav Bhagwaan che. Translated roughly means Price is God in Stock market.

Hence, I request to all of you freinds that please donot fall in trap of Indicator Oscillator or Software
and trust your mind and judgement and only trade on Support Resistance and Change of Polarity.

I am taking a break from trading for some time now, for some other work pressure and hope you all will succeed in Trading using my simple formula.

All the best and God bless!