Best Trading Entry Comes When People Get Trapped

 

The Traders to whom I consider as my Mentor, My Guru he always try to find where people get trapped for entries.

Today’s Nifty Future Price Action was nice Example of how people get Trapped and that gives one of the Best Entries with lowest risk and on EDGE.

Lets go directly to the Chart.

• Nifty 8900 was Previous Swing low which was the ARZ level we  identified and posted before markets in Our Telgram Channel.

• We also Put 8946 as ARZ and most of those levels we have marked in charts Posted Earlier.
• We also had the referance level of 8894 which we posted in our Channel which was the Correction Minimum Cap as per our article Posted Yesterday.
• Now we see what happened in below chart how FIIs/SMART Money/BIG Players/Institutions trap people on opposite side.

Now see above Nifty Future Chart which is itself very clear …

• Nifty Future Came Below that swing level of 8901 which they held till 1 PM . Now we look at the Price Action happened there.

• They took Prices So sharply down below that swing low that it made two possible things. (1) Breakout Souls (these guys are always bread and butter for People Like Me) enter shorts there as they think looking at the sharp falling Price Action that now its going to tank the Nifty Future. So they fresh shorted there. (2) Here those guys who were holding intra longs from morning would most have SL’s below that Juicy level of 8900 and of course Big Boys know that, and those SLs got hit there.

• So both things (1) Fresh Shorts and (2) SLs hitting made it big volume there which we can see on Chart Clearly at No2 point which was whooping 3Lakh Plus on one minute. (So huge na?) , here people got Trapped

• Now what next for those who Bought these big Quantity? Who are they? Of course they are nothing but what we call SMART MONEY/FIIs/Institutions. They bought from those Trapped People and you can see what happened next.

Thats all….. I feel this will help you guys.

Of course for finding such entries one doesnt need any High Paid/Fancy Softwares. One can see such things on Simple Price Action Charts.

Just Follow Price Action Trading, its simple and easy to understand.

If you have any view can comment below, Do share/Retweet/Like this Post

Chart Updates on Telegram Channel :-

Nifty And Banknifty Turning Points (ARZ)

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Till then Happy Trading……..

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TICKAVG (ATP) – a GREAT TOOL YOU CAN USE FOR TRADING.

TICK AVG OR ATP (Average Trading PRICE):-

• Above Chart is SELF EXPLAINATORY. You see that line with DASH DOT.. that line is a TICKAVG line (SOME OTHER CALL it as ATP – Average Trading Price)

 

• See its effect on the PRICE… in POINT 1 TICKAVG is Crossed by Price on Downside and then it came to Test it…. again it Tested TickAvg…. and See the Reaction of Price to IT… PRICE CAME DOWN From Tick AVG.

 

• While Writing this Article after above chart is taken… see in below chart how Price came down FAST while I writing this POST and after above CHART is Taken.

 

CHART UPDATE AT 11.15 AM

CHART UPDATE AT 11.24 AM

CHART UPDATE AT 11.54 AM

 

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BANKNIFTY PRICE ACTION—POSSIBLE TRADE

30 MIN CHART:-

• Above 30 MIN CHART SEEE Previous supply showing in 30 MIN at 16177 and BANKNIFTY FACING RESISTANCE there. We should need the Confirmation on Small TimeFrame Chart.

3 MIN CHART :-

• See in above chart we see SMALL SUPPLY is Created at No 1 and it again came at Point 2 where we taken Short at 16169 with SL above DAY HIGH… and we AIM for 1st TGT of 16125 which is the 2nd CANDLE which is the BIG GREEN CANDLE… so achieved that 1st TGT.

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BANKNIFTY FUTURE PRICE ACTION

Above CHART is 5 MIN CHART which showing that PRICE has broken that yesterdays REANGE LOW and again it came to test that ZONE where we CAN SHORT at 16110 with SMALL STOPLOSS of 16130 

SEE BELOW 1 MIN CHART

which show we are eyeing for TARGET 1st of  around 16080 for PART BOOKING where we have some SUPPORT SHOWING… and where we book 1st PROFIT

 

 

SEE Below chart of 30 MIN for where we can BOOK FINAL PROFIT of 30 M CHART SUPPORT at around 16028 where we can SEE SOME SUPPORT may COME as this is BIGGER TIMEFRAME.

This is how this TRADE Can give profit

of approximate 40 + 80 POINTS .

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Free E-BOOK DECISION POINTS Trading

Decision Point Trading:- 

I am very much influenced by ST of NiftyNirvana due to his trading method. And I am using some part of it in my Price Action Trading. This Small E-Book is a very good learning for those who want to learn PRICE ACTION TRADING.

• Price Action Trading is nothing but taking Trading Decisions Purely Based on Price Movements and not using  any indicator which are derived from PRICES.

 

• ST used this for PURELY TRADING INTRADAY and not taking  OVERNIGHT POSITIONS.

 

• This book is easy to understand and given with EXAMPLES of CHARTS.

 

• ST uses certain points in the Prices where Price may show some DECISION either on the UPSIDE or on the DOWNSIDE. These places are given by the PRICES themselves they are like PREVIOUS DAY LOW, PREVIOUS DAY HIGH, BIG ROUND NUMBER etc. ST call them as DECISION POINTS as they are in some way DECISION MAKERS of the PRICES.

 

To Download the BOOK CLICK on the IMAGE BELOW.

 

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Pin Bar Trading

Dear Friends,

The pin bar is one important & basic tool of Price Action trading. Pin bars are single candlestick bar reversal pattern. They offer excellent trading opportunities when used at support/resistances or at pivot points (or at a combination of moving averages) levels or important trend lines. They are also found in middle of up/down trends where they indicate trend continuation.

 

Pin bars are formed when main body of the candlestick is very small & has a long wick or nose (atleast twice as compared to body). Different pin bar formation are also known as Hammer, Inverted Hammer, Shooting Star or Hanging Man. The Hammer and Inverted hammer are considered BULLISH REVERSAL pin bars, while the Shooting star and Hanging man are considered BEARISH REVERSAL pin bars. Pin bars are more powerful on the daily chart, 4hour and 1 hour time frame. But can be used or study purpose on lower time frames also.

Let us focus more on today on shooting star pinbar setup. A shooting star appears after a series of moves upwards and signals a potential end of the upmove. A shooting star is seen with a long upper shadow with a small body (black or white). This candle stick tells us change in sentiment of traders. Bulls took the price to a newer high but could not keep prices at those higher levels where bears took over & hence price closed at a lower level making a small body. Volume confirmation is often required to trade on this pinbar.

Regards,

Rajen

Following are some NSE stock charts which have the pin bar formation.

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Price Action Trading--- NIFTY SUPPORTS BECOME RESISTANCE—Excellent Intraday Trade Opportunity

These days I am emphasizing on Price Action Trading. I am having my chart totally clean without any indicators on it. And this is giving me excellent High Probable, High Reward Low Risk Trades .

Above Chart of Nifty Future on November 09  is Self  Explanatory. In first half till 12.00 PM Nifty Future was trading in a range and then it broken the range. And it came down and after that Nifty Future again Came to the level of 6198 which was the previous support now become resistance and that worked well for a NICE SHORT with very low risk and high Probability and given reward of more than 20 POINTS.

Why this Happens ?

• First thing that all trades goes with the Traders Making decisions with their EMOTIONS.  So here at every POINT their emotions are forcing them to make Decisions.

 

• Now when till 12.00 PM Nifty Fut was trading in a Range and its low till that time was 6197. So when Nifty Fut BROKEN that low after GRINDING in a RANGE for lot of time what happened is TRADERS those who EXPECTING Nifty FUT to go UP they have PLACED their STOPS below the range low and also NEW TRADERS also made SHORT here so prices went very FAST towards 6175 after BREAKING the 6197 due to this FORCE BY STOP hitting and NEW SHORTS.

 

• But entering at direct Breakdown is always risky so I did not entered at breakdown. Then Price started going up and it reached around the levels of 6198 where there are Traders Like Me and also those who Missed the Chance to enter short entered short. Now this PREVIOUS SUPPORT OF 6197 NOW BECOME RESISTANCE. Now Prices Started going down and when they came below they low of 6175 , at this POINT the TRADERS who made LONG when Market Started going up from these levels their STOPS placed below the 6175 they hit and also STOP SHORT orders also triggered and they taken PRICES down very FAST to levels of 6165. This was NICE 30 POINTS Trade with low RISK.

 

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