price action trading

[saakk]

10.15 total confused bar- went up, came down, again went up, again came down and closed as DOJI. opening bar low is still holding.

 

[saakk]

can i consider it as a fail breakout of opening range low??

 

[saakk]

Trend change higher highs-higher lows? looking for a pull back to ema or trend line for entry..

 

[saakk]

"Unless the range is large, you shouldn't even bother taking fBO (fail breakouts) trades. With that caveat, we can still attempt to deduce the best and worst fBO setups".

By:- nine transitions

 

[saakk]

I enter above reversal, entry bar close as doji and i dont exit my SL get triggers every time---- Today entry bar close as doji, i exit it wit "johnny on the SPOT" and price zoom towards my scalp target...

 

[sudhir gupta]

A nice thread based on pure PA. Do you guys discuss Nifty Futures intraday as well here?

 

[saakk]

I am expecting a down wave as shown in image in 15 minute chart.
Reason: I am holding a short position at 60.85..............Setup will be invalid if price cross above 61.05

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How many time frames you follow buddy? Do you trade through one or multiple timeframe?

 

[saakk]

A nice thread based on pure PA. Do you guys discuss Nifty Futures intraday as well here?

No sir not yet..

 

[saakk]

its sideways now- you can draw supp/resis and can contain the whole price in, now what has more probabilities? breaking up or down, rit now price is trending up as in sideways move was followed by up leg, ema is pointing up, its making HH-HL, up trendline etc so probability of breaking out up is more. But in the end market rules, so let see what happens.

There are no CERTAINTIES only PROBABILITY.

 

[saakk]

Sorry was out, just came back..