Ravi Madan
After a rocky start in 2010 (blowing up a $10,000 trading account), and experimenting with various indicator based systems, he found his comfort zone and success with price action trading. He does not study chart or candlestick patterns, instead relies on what the chart is telling about direction, strength and the flow in the markets. He advocates that the most vital components to trading success are: a trading plan, following it 100% of the time, keeping a positive R/R ratio,sound risk and money management, patience & discipline. Keeping a journal where every trade is documented is an essential tool for learning and enhancing skills. Finally, never trading without a stop, never moving the stop away from price and not being ina hurry to move it to breakeven either, complete his trade execution style.He also publishes trade ideas on TradingView.
USDJPY – Analyzing Price Action for the week of 07 Feb, 2022
By Ravi Madan:
This pair has been bullish for about a year but in Nov. it found resistance at 115.40 . The sellers came...
US Stock Market – Health Care, August 30th
US Stock Market
The pandemic has opened up investing opportunities in the healthcare sector. While buying stock in major companies may be attractive, I...
Is AUDJPY rolling over? – 12 July, 2021
As the daily chart shows, the pair has not made a higher high since 10 May. The larger candles have been mostly bearish although...
Decision time for XAUUSD (Gold) 28 June, 2021
The dust (after the FOMC statement) seems to have settled. The gains that the USD made during the week of 14 June, did not...
So, what about GOLD ? 21.06.21
I think it would be fair to say that at the moment, we don’t know. The FOMC declared intentions of hiking rates a couple...
Is the Aussie going to have a good week?
As I study the charts in preparation for the week of 14 June, the fact that the last week was good for the USD...
Platinum on a channel support
While Gold had been rising, Platinum has been on a decline recently. It did make a multi-year high on 16 Feb but fell...
XAUUSD – on a clear path to $2,000 24 May, 2021
After forming a base ( double bottom ) on 30 March, gold began its journey to recover previous highs. Until now it has...
XAUUSD – there is a method to this bullish run 😊 week of 17...
This pair has been mostly bullish since end of March if you look at the big picture. It is not the typical strong move...
