In this video of the face2face series, we have with us an informational conversation between Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, and Mr. Nimblr, a very low-profile trader who has been dabbling with technical analysis for so long that he is now nothing less than an expert in the subject himself.
Mr. Nimblr will talk about the way today's generation learns, as well as the misunderstandings and errors they make when performing technical analysis. He discusses his personal approach to learning and how it enhanced his knowledge and relevance. He emphasizes the importance of understanding price flow and describes how, regardless of goals or trading style, it serves as the foundation of his strategies in the stock market.
Mr. Nimblr calls candlesticks the trading candlesticks, and he specifies his reasons as to why. He will talk about the various parts of a candlestick and how one should observe the various parts of a candlestick's body to make the most efficient decisions for their portfolio. Mr. Nimblr continues by describing his distinctive method for entering and exiting trades, in which he ignores common names for candlestick patterns and focuses on identifying them based on body height, open, and close. He divides candlesticks into momentum and indecision candlesticks, namely. He further digs into the subcategories of these candlesticks and delves into the history of this categorization. Through practical examples from various stock market segments, Mr. Nimblr illustrates how his categorization may be put to use in the real world to help traders make the best decisions for entry and exit points.
Watch this video to gain insights into technical analysis, understanding price flow, candlestick patterns and effective trading strategies.