price action trading

[saakk]

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[akrsrivastava]

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How do you take exit decisions? Especially on the third trade here. It reversed pretty quickly? At what point did you decide to get out?

 

[saakk]

How do you take exit decisions? Especially on the third trade here. It reversed pretty quickly? At what point did you decide to get out?

Technique is scalp and run, Scalp out 80% of your position say at 8 or 12 ticks + entry than move you SL to break even, and hold rest for as long as trend continues.

regards

 

[vagar11]

Hi Saakk,

Which one of the Albrooks do you prefer ? There are 4 books.
Reading Price Charts Bar by Bar - Brooks 2009
Trading Price Action - Reversals - Brooks 2011
Trading Price Action - Trading Ranges - Brooks 2011
Trading Price Action - Trends

 

[saakk]

Hi Saakk,

Which one of the Albrooks do you prefer ? There are 4 books.
Reading Price Charts Bar by Bar - Brooks 2009
Trading Price Action - Reversals - Brooks 2011
Trading Price Action - Trading Ranges - Brooks 2011
Trading Price Action - Trends

Hi buddy,
"Reading price chart bar by bar" , rest i feel is almost same stuff just more detailed. But i feel, to understand any of its book trader has to clock a good amount of screen time on its preferred time frame. Just sit and watch, find out if day is a UP, DOWN, SIDEWAYS and than see what he is explaining for that day. Most important, trade just one LIQUID stock or futures, i prefer USDINR and NIFTY.

http://www.youtube.com/watch?v=1N8nJ3BpKek


regards

 

[saakk]

Went long above 9.55, got only scalp. Expecting 61.7000 reason: measured move of previous leg.

 

[saakk]

To go short or not, price is near its support??????????????????? confuse

 

[saakk]

Its a 2nd entry long, if this fail's, expecting price to fill the gap atleast.

 

[saakk]

Breakout pull back short

 

[saakk]

Never go short below a bull bar wait for bar in you direction. Bad entry.