In this video, Mr. Nimblr has discussed the secrets of trading using candlesticks and his categorization to choose the finest entries and ex
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 start this video with how the generation of today approaches their journey of learning technical analysis and the common misconceptions and mistakes they make in their approach. Following this, he will talk about his own method of beginning his learning of the subject and how it has helped him become an expert in technical analysis and stay relevant throughout his years of practice.
Next, beginning the technical discussion, Mr. Nimblr will discuss how important it is to understand the flow of price in the market, no matter what your objectives are in the stock market and no matter what kind of trader or investor you are. He will also discuss why price flow forms the foundation of his techniques as well.
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 body to make the most efficient decisions for their portfolio.
Following this, Mr. Nimblr talks about what makes his approach different from all the other ways of entering and exiting a trade and why he has chosen to abandon the various popular names by which the different types of candlesticks are known and just identify candlesticks with their body height, open and close. He will talk about his own categorization of candlesticks on the basis of candle height and the implications of these categories.