Price action with Candlestick Analysis(No indicators)

[Raghuveer]

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[winnertrader]

:thumb: thank u so much raghu for the name. is this to be found in al brooks section? soemone ws asking for ebook frm albrroks?

 

[Vertigo_1985]

Yes raghuveer, pm not enabled. what number of posts do u need to get it enabled? I need to get name of that forum

Thanks for analysis Vertigo. Will try to go through and understand it. I should have posted volume with the chart. I am really impressed with ur chart. how do I study this way of analysis so i can do it myself?

There is a structure in it, i follow it step by step:-
1. Supply and Demand zones in higher timeframe.
2. Supply and demand zones in trading timeframe(swing high, low, congestion zones).
3. Trend in the trading timeframe.
4. Analysis of strength (momentum, projection, depth and trader's expectation).
5. Expected price movement on the basis of above analysis.
6. Analysis of each candle and what it means for future.

Learned this approach from book by lance Beggs - "Your trading coach". Everything is well structured, well covered and easy to understand.
If you want to learn about supply and demand then Sam's articles in "Online trading academy" would be a good choice.
and do 'perfect' practice for everything you learn.

Regards

 

[winnertrader]

Vertigo, thjanks for so much info!!! You are the best!:clap:

What do u trade currently and on what tf?

 

[Vertigo_1985]

Vertigo, thjanks for so much info!!! You are the best!:clap:

What do u trade currently and on what tf?

I trade stocks which have momentum(gaps, news) and good liquidity. At session open i watch DOM (easy to focus and find strength, direction with it), then i switch to 3 min chart. Supply and demand zones are identified using higher timeframe ( 15 min or hourly).

Regards

 

[winnertrader]

have u been trading this way for long time?

 

[Vertigo_1985]

well..how long is long ? started learning this approach last year in February..so more than an year. so..is it long ?

 

[Bewinner]

I trade stocks which have momentum(gaps, news) and good liquidity. At session open i watch DOM (easy to focus and find strength, direction with it), then i switch to 3 min chart. Supply and demand zones are identified using higher timeframe ( 15 min or hourly).

Regards

What is DOM?

 

[Raghuveer]

:thumb: thank u so much raghu for the name. is this to be found in al brooks section? soemone ws asking for ebook frm albrroks?

I do not know where that particular chart/post is. Maybe NANDAMAD knows ??

@NANDAMAD, if you remember the username at ET can you please post/pm it.

 

[Raghuveer]

There is a structure in it, i follow it step by step:-
1. Supply and Demand zones in higher timeframe.
2. Supply and demand zones in trading timeframe(swing high, low, congestion zones).
3. Trend in the trading timeframe.
4. Analysis of strength (momentum, projection, depth and trader's expectation).
5. Expected price movement on the basis of above analysis.
6. Analysis of each candle and what it means for future.

Learned this approach from book by lance Beggs - "Your trading coach". Everything is well structured, well covered and easy to understand.
If you want to learn about supply and demand then Sam's articles in "Online trading academy" would be a good choice.
and do 'perfect' practice for everything you learn.

Regards

Thanks Vertigo for all the PA charts and info.