price action trading

[saakk]

The trade i take always come back and take my breakeven SL but the trade i miss will move as if there is only one side to go.... haad hai bhai..

 

[saakk]

Rule is SIMPLE "DO NOT BUY ABOVE A RED CANDLE NO MATTER HOW GOOD A SETUP LOOK", 1st i miss a trade of the day and then when i enter at pull back it fails. Some day today

 

[saakk]

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[saakk]

9.50 went long, short trap and price took time to move back up,
10.50 went long again, short trap, price is taking time to move up. (SL triggered)

usually traps work really good, if they are failing then price is weak.

 

[saakk]

Before going long or short, let the side prove its dominance.

 

[saakk]

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[saakk]

It is : RANGE-TEST-TREND-RANGE

 

[saakk]

Make your theories fit to your facts not the other way around. The market will set the pace, you need to adapt.

 

[augubhai]

Make your theories fit to your facts not the other way around. The market will set the pace, you need to adapt.

theories are just prisms through which we view the market.

that is my theory...

 

[saakk]

went long above 9.45 wit a very small quantity, expecting atleast a retest of high, scalp a least, it didn't work, May be because price is near its PD high, strong resistance, far away from ema and trend line.