price action trading

[saakk]

When ever i come wit a thought of DOING SOMETHING IN MARKET is exactly a time i should't DO ANYTHING.

 

[saakk]

When entry bar close as a DOJI probability of move gets low. Infact any DOJI close after trend decrease the probability.

 

[augubhai]

When entry bar close as a DOJI probability of move gets low. Infact any DOJI close after trend decrease the probability.

Something that Smart_trade says... (I may be wrong about the exact words)

"After entry, if the next bar closes below your entry point, then just exit. You can always try for a re-entry later. Keep ur losses small"

Probably applicable to doji as well...

 

[augubhai]

When ever i come wit a thought of DOING SOMETHING IN MARKET is exactly a time i should't DO ANYTHING.

Most traders trade thoughtlessly, if u know what I mean... :lol:

 

[saakk]

Something that Smart_trade says... (I may be wrong about the exact words)

"After entry, if the next bar closes below your entry point, then just exit. You can always try for a re-entry later. Keep ur losses small"

Probably applicable to doji as well...

True words....

 

[saakk]

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[saakk]

Bought a 2nd entry long at better price and it worked, at the time of taking the trade i did not think about that i am getting 2nd entry at better price, All i saw was price tried to pull back into range once wit a big bull reversal bar and failed then it tried 2nd time an i went long.

 

[saakk]

Bought again at 10.40 same price action as before but this time it failed, price seems stronger this time, higher low, short trap in bars but still it failed.

 

[augubhai]

Bought a 2nd entry long at better price and it worked, at the time of taking the trade i did not think about that i am getting 2nd entry at better price, All i saw was price tried to pull back into range once wit a big bull reversal bar and failed then it tried 2nd time an i went long.

I did not look at the USDINR chart, but I can clearly see this pullback in the Nifty chart. USDINR and Nifty generally have a -ve correlation.

 

[saakk]

I did not look at the USDINR chart, but I can clearly see this pullback in the Nifty chart. USDINR and Nifty generally have a -ve correlation.

Even i think like that but now a days its all upside down, when USD is going up market suppose to come down and vice verse but both are negative.... Gov. is trying to bring down the USD price and instead market is coming down. They are as confuse as the "price in congestion"