My daytrading

[Raghavacc]

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LOW OF IB ON 11th JULY and its significance today

Todays resistance at low of IB ( Resistance ).A zoomed view.

I have seen people keep on arguing whether it works,how do you prove?how much money you made? etc etc.......

My style is not to argue but to work..... work on charts consistently....that only makes you to understand the inner mechanism. Then you say wav.... Its so easy.....

But how many are really ready to work with me????

 

[Raghavacc]

 

[balasoft80]

Hello Raghav,
Could you please explain me bit what is pressure cooker? Thank you

Thanks
Bala

 

[vikas2659]

Hello Raghav,
Could you please explain me bit what is pressure cooker? Thank you

Thanks
Bala

inside bar days or u can say range contraction

 

[Raghavacc]

Hello Raghav,
Could you please explain me bit what is pressure cooker? Thank you

Thanks
Bala

Bala :lol:

Why cant you experiment with the pressure cooker at your house???

http://www.youtube.com/watch?v=qlfxw_RbnsU&feature=related .

Putting a link from Youtube to show you what happens once the pressure inside (range) is too much.The pressure cooker in this video is already whistling.Market is going to whistle same way as lot of compression has build up during the last 2 trading days.

 

[balasoft80]

Thanks Vikas for clarifying. I have one more question. Could u please clarify?

Bar C should be with in range of A or B?

http://imageshack.us/photo/my-images/534/2j2epzb.jpg/

Thanks
Bala

 

[vikas2659]

Bar A is bigger..till any bar cuts its boundaries..all subsequent bars will be IB's( kids of dis candle A Big papa/mummi)..I m a novice...seniors pl rectify if i told sumthng wrong...
Raghav..i have one question..sum trade on breaking of IB bar boundaries..bt i observed in ur charts dat u take trade like in ur chart..break of candle B or C boundary..& u dnt wait for candle A boundary to break..

 

[Raghavacc]

Bar A is bigger..till any bar cuts its boundaries..all subsequent bars will be IB's( kids of dis candle A Big papa/mummi)..I m a novice...seniors pl rectify if i told sumthng wrong...
Raghav..i have one question..sum trade on breaking of IB bar boundaries..bt i observed in ur charts dat u take trade like in ur chart..break of candle B or C boundary..& u dnt wait for candle A boundary to break..

Hi Vikas ,

you are quite right.Candle "A" is a mother and "B","C" are kids.In this situation trading break of mother candle is the right of trading.However people with adventure mindset trade like this.

upper side
1: :Trade break of "C" for a target of high of "B" and
2.Break of bar "B" for a target of high of bar "A" then further trades looking at situations.

Downside:Break of candle "A".

I belong to this adventure group ..

 

[apparichitudu]

hi raghav ur thread is very good and i will follow it from now....i want to know what is price action strategy...please guide me..

 

[Raghavacc]

hi raghav ur thread is very good and i will follow it from now....i want to know what is price action strategy...please guide me..

apparichitudu,

Welcome to the thread. Price action is "Reading as to what price is doing NOW with reference the conditions of the market /location of the price and then taking a decision".

I suggest you to read the thread from beginning many times so that you get comfortable with basic before you can launch your trading rocket