price action trading

[saakk]

https://soundcloud.com/estivamusic/next-level-podcast-024

 

[saakk]

removed................

 

[saakk]

i was not expecting the pullback so deep inside the range, strong price?

 

[saakk]

A paper trade............
Short @ 61.11
Stop loss @ 61.16
Target @ 61.00

Hooray! Target achieved........

Reason why you took the trade?

 

[saakk]

Though price is going down bears are not strong, in 2nd leg down there is no consecutive bear bars without overlap to previous bars.

 

[saakk]

3 pushes below the low of 9.45, expecting a trend line break...

 

[saakk]

2ND entry short triggered, fail will create a good opportunity to go long.

 

[sbali1976]

JJ Veeramuthu Ji,

which trading software and data feed are you using ?

regards
shailender bali

 

[saakk]

2ND entry short triggered, fail will create a good opportunity to go long.

2nd entry short did failed but price never triggered above signal bar.

 

[saakk]

One more paper trade.........Timeframe 10 minute chart......
Long @ 60.96(high of first green bar) Stop loss 60.93 (low of entry bar or pivot low)
Target 61.01(10 ema) to 61.03(small BB)

Reason: Equal low(current and previous) in 10 minute bar.........Bar at low BB.......Expecting a double bottom since price came down too lower.......

Waahooo! both the targets achieved..........

Great trade man... :thumb: But that price action is too advance for me to understand...