Price Action Trading ( Without Indicators)

Intraday Trading strategy for all Directional traders.

Intraday Trading Strategy Thread 🧵

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Trading is always a balance between Profit & Loss and there is nothing called 100% or 95% sure shot. So focus on the live price rest is noise

Chart 1

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Chart 2

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Chart 3

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Chart 4

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Buyers vs Sellers

A simple technique to understand the index direction using candlesticks chart.

Intraday Trading Thread 🧵

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Here i am just trying to focus on few candlestick formation and trying to understand buyers vs sellers at reference levels. In trading less is more

Type 1 - Buyers aggression
Type 2 - Sellers aggression
Type 3 - Full confusion

Follow stay away approach when you are confused

Chart 1. Looking at candlesticks formation at reference levels is way more better than looking candlesticks everywhere or every second

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Chart example - 2

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Chart example - 3

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12 Common reasons which is the root cause most traders
LOSE MONEY in trading.

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It will take just 3 to 5 minutes to read

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1) Adding many indicators in expectation to make quick money. But reality is Indicators follow price.

So try to understand what buyers/sellers are doing to move the price.

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2) Just because the candle is BIG ( BIG red colour candle means SELL & Big green colour candle means BUY ) on 5 min or 15 min timeframe for intraday.

Remember this is not a trading strategy. You are just attracted by the big candle & colour

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3) Just because having capital in demat account want to utilise full capital in a trade.

Remember don't risk max.more than 2% of your capital on the single trade.

Loss can be controlled but profits can't be controlled. FOCUS which can be controlled

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4) Placing stoploss most of the time exactly at visual reference levels like

-Above Day high/swing high or below Day Low /Swing low
- Exactly above/below VWAP
- Above Previous day high or below Previous day low etc...

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