Price Action Trading Method.

[TraderDude]

Forex intraday....

 

[chandra1]

I think Murthy ji wanted to know more about Pin Bars..... Have a look at this thread... Provides a good basic overview about it....

However, I don't look for much technicalities as mentioned in that thread.... I look for basic Doji/Hammer with good volumes having a long tail.... And this pattern gives a very good probable move.....

Good night!!

Thanks Mr. Saraf

Initially the posts though interesting and very well explained was going over the head but the link posted by you helped a lot.

@ TraderDude
Sir, thanks for the topic, it is an interesting one. Please explain a chart some more.

 

[TraderDude]

Thanks Mr. Saraf

Initially the posts though interesting and very well explained was going over the head but the link posted by you helped a lot.

@ TraderDude
Sir, thanks for the topic, it is an interesting one. Please explain a chart some more.

Chandra, please i am no Sir. I m just a trader trying to help my fellow struggling traders.

Which chart you want explanation for?

 

[chandra1]

Chandra, please i am no Sir. I m just a trader trying to help my fellow struggling traders.

Which chart you want explanation for?

I have not yet completed reading all the posts. So not any chart is particular. I may point out later on, when I go through all the posts atleast twice, after reading some more about this trading method.

But I think some more details should be given for entry, in particular and exit of a trade, (not necessary on the chart) may be separately in the post , because we can plan exit but when we try to enter a trade we do not know which way market may move.

Thanks

 

[prabhsingh]

Saraf,
Can you explain a bit more on the SBI charts?On looking at Open Interest for today it seems its heading for 2250.What are your thoughts for same?

 

[TraderDude]

I have not yet completed reading all the posts. So not any chart is particular. I may point out later on, when I go through all the posts atleast twice, after reading some more about this trading method.

But I think some more details should be given for entry, in particular and exit of a trade, (not necessary on the chart) may be separately in the post , because we can plan exit but when we try to enter a trade we do not know which way market may move.

Thanks

entry is simple.

you must have following criteria to enter the trade.

1. 5/15 min Supply/Demand in confluence with daily Supply/Demand.
2. Round Number
3. Pin Bar into the supply or demand and you must see good rejection.

if above criteria is met , enter just above the pin bar , SL below the Round no/Pin bar.

Target - lock in first 10 points and keep trailing to next round number or Supply/Demand level.

Hope that clears things a bit.

 

[adityasaraf007]

Saraf,
Can you explain a bit more on the SBI charts?On looking at Open Interest for today it seems its heading for 2250.What are your thoughts for same?

Hi,
I don't know, if you actually meant to refer me... but still...

I am not an OI person.... so can't comment on that.... However, my bias on Nifty as of now is Bullish.... till it holds today's low of 5250....

As such, I am also bullish on SBI.... 2185 is a pivot area on SBI.... And, if it starts its northward journey.... It has Horizontal Resistance at 2280 and 2360....

If it breaks 2150... I would be looking for 2110.....

 

[TraderDude]

there was a similar sitiutation on 22nd march as well..

 

[TraderDude]

Low risk high probable trade.

 

[TraderDude]

Something for the weekend...