price action trading

[saakk]

 

[saakk]

 

[augubhai]

What's the reason for shifting to Nifty?

 

[saakk]

What's the reason for shifting to Nifty?

Was using usd to experiment cause lot size is very small, didnt want to invest too much while learning, nifty volatility is almost double of usd so good for intraday trader like me

2 lots of nifty equals to 10 lot of usd

 

[saakk]

 

[augubhai]

Can't make out from the chart. What were your trades today?

I am guessing that circles were entries and lines exits.

 

[saakk]

Can't make out from the chart. What were your trades today?

I am guessing that circles were entries and lines exits.

yes augubhai..... Realized after posting that i forgot to mention it on chart.....

 

[saakk]

Current understanding:- Market have a major trend which it will try to follow through out the day, put a channel around it, All the major moves will come from near channel support/resistance. In the major channel there will be smaller trend which can be use to add to position.When ever major trend breaks the dominant side tries to put price back into channel (BOF) and if they fails it turns in (BO).

 

[saakk]

In 2 hours market has changed 2 channels, currently in 3rd channel support, channels are getting shallower.

 

[saakk]

In 2 hours market has changed 2 channels, currently in 3rd channel support, channels are getting shallower.