Views : 697,449
Genre: Education
Date of upload: Jul 8, 2023 ^^
Rating : 4.895 (1,127/41,873 LTDR)
RYD date created : 2024-05-17T17:33:37.935493Z
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Top Comments of this video!! :3
Helping someone who is just watching and unable to make notes:
1) Uptrend = Higher High
2) Downtrend = Lower Low
If the condition is met. (1 Trade a day)
Condition: Sideways market: 3-4 candles in range
TIme: 9.15-10.30
Timeframe: 1 min
Trend: See what was the trend before the range
Rules:
* We need to see the initial momentum in 1 min chart, let the range be formed and take trade according to its breakout.
* Trade only if it moves in the direction of the previous trend. If it doesn't no trade.
* Don't consider the wicks just see the body
* DISCLAIMER:
Price Action, support & resistance, Price behaviour, chart pattern you never get the perfect entry point.
* Indicator or candlestick gives proper entry.
* Always look for picture perfect range.
* Learning never stops the more you see the market the more you understand. The more you see price action the more you gain experience.
* Wait till the chart says its picture perfect.
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Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $225K has yielded nearly $1m after subsequent investments so far
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I do follow this regularly on my trades, just one more addition to this, just we have to mark previous day swings on 15 min TF. Then if any consolidation happens on 1min tf at those swings on next day as sir explained, it will add more confluence & confidence to take trade. Simple things works like wonder. Indicators might make you disciplined, but price action will make you a TRADER.
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I came across many youtubers to learn and implement price action in my trading bt none was good tutor except u ... Only after seeing ur videos for the past 3 years I trade without any indicators on my chart jst only trying to see price action..thank you so much gurudev!! Wish u come with more such price behaviour videos
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When initial momentum is down and makes range of three to four candle but if there is strong demand zone, pro gap or run away gap, we should avoid that trade even after break down. As gaps, demand zone (first time price is hitting that zone) could act as a support and high probability of hitting SL.
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Video suggestion :
1)all problems which are verry commonly faced by traders (from begginers to professional) especially begginers.....why a begginer is not able to build the psychology like a professional trader easily. What are " THE POINTS " to be considered especially when practicing a setup and. When begginers consistently hit SL
2) things which one must not forget to consider to increase PROBABILITY while creating own setup.
3) is it ok for a begginer to look at price on realtime market and trade, or should begginer strictly focus on choosing a setup and trading on it for 3-4 mnths and why?
4) what is the road map ( with obstacles one will have to overcome) to go form begginer to a simply profitable trader. Where does 99% begginers do mistake while learning.
5) how to understand & master the skill of entry and SL in price action based setups where there are no indicators used for entry or SL placement.
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10 months ago
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