How do I approach and trade?
-> Draw lines at Daily, weekly swing High & Low
-> Draw lines at hours resistance & Support
-> Now Check the trend on daily and hourly and board trade with 20% Capital size naked with Sl.
-> Either Sl or favour move.

->As price reach these drawn line, check it for acceptance or rejection.
->Moreover you would find, Price goes near a level and stick to it or sustains there, in almost all cases it’s gonna big trending day.
-> As it gave breakout after consolidation but reverse very next candle, means BO traders has been trapped & 90% times there would b huge sharp fall in 2-3 candles back to day low.
-> If there is rejection, then trades accordingly.
-> Market reaches resistance and shows rejection, I ll short CE with same candle high as SL, next either Sl hit or favour.
-> If comes into favour, I ll exit at predefined calculated targets as per Eliot wave, Pivots, Price action you can follow anything, results are almost same.
If market seems range bound, play accordingly with non directional strategies.
Go through all chart for better understanding.

https://t.co/9g7YUDIafa https://t.co/vcxXsVhcqZ
Must means must for all to all through twice thrice these long sessions till you don’t stop loosing.
https://t.co/aacqojiG06 https://t.co/RxZf9Mh1ln
https://t.co/ExxOVDidUE https://t.co/3esTDnNh2U
https://t.co/BqhsgGPMQ9
https://t.co/TALwCGvduw https://t.co/nxKEOQ9J0v
https://t.co/6LEQZoYfkt https://t.co/1Z0E48jhm3
For me price action means
What is #Trend
Does it hv #Momentum
Isn’t it #Over_bought_sold
Does #Volume supporting move
If options writing then view on #Volatity
Once you know these 5 things, make a system around this and you are done ✅
To shorten the learning curve, watch at least 300-500 charts daily for 2 Qtrs only. Automatically you ll hv a @Chartsbank in your memory.
Next time when you ll see same pattern, you ll recall and say ...ohh yeah ..last time happened so & so..
Money is made this way only for me.
Respect a level, by remaining there restore strength (Make new base to defend) & FIRE🚀
->First Identify weakness
-> Let it come S/R or mean reversion
-> Wait for Entry trigger
(a) Rejection Candle for Reversal
(b) Big body BO candle
-> Hold till it reaches another Demand/Supply zone.
If I m to summarise my trading experience then it would be 👇
If after giving a breakout or break down price comes back to range then most probably it will reach to another end of range.
That’s it.
VWAP is only indicator which I give utmost importance & use because it tells which side big players are betting.

If it trades above this, my view is bullish or vice versa.

-> After Big candle

-> I scale in once price retraces to VWAP & make pin bars with Sl at other end.
Yes, it’s perfect Example of what earlier shared.
PDL broken & rejection at VWAP making pin bar.
Sl is another End of pin bar.
https://t.co/mVcQSoimbd
If you ”WAIT” till candle forms, yours more than 50% SL hits would be saved.
#experience
VWAP touch & back 2 base was only logic for me to exit all positions just before fall.

More from Stocklearnings

You May Also Like

I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.


I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.

In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.

So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.

Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
@EricTopol @NBA @StephenKissler @yhgrad B.1.1.7 reveals clearly that SARS-CoV-2 is reverting to its original pre-outbreak condition, i.e. adapted to transgenic hACE2 mice (either Baric's BALB/c ones or others used at WIV labs during chimeric bat coronavirus experiments aimed at developing a pan betacoronavirus vaccine)

@NBA @StephenKissler @yhgrad 1. From Day 1, SARS-COV-2 was very well adapted to humans .....and transgenic hACE2 Mice


@NBA @StephenKissler @yhgrad 2. High Probability of serial passaging in Transgenic Mice expressing hACE2 in genesis of SARS-COV-2


@NBA @StephenKissler @yhgrad B.1.1.7 has an unusually large number of genetic changes, ... found to date in mouse-adapted SARS-CoV2 and is also seen in ferret infections.
https://t.co/9Z4oJmkcKj


@NBA @StephenKissler @yhgrad We adapted a clinical isolate of SARS-CoV-2 by serial passaging in the ... Thus, this mouse-adapted strain and associated challenge model should be ... (B) SARS-CoV-2 genomic RNA loads in mouse lung homogenates at P0 to P6.
https://t.co/I90OOCJg7o