Full Price Action trading learning Course📚
the complete process of trading through price action and charts✨
A Thread🧵
the complete process of trading through price action and charts✨
A Thread🧵
1⃣Time Frame - always start looking chart 📊 with a higher time frame (weekly/monthly) then go for the lower ones.
Positional trader - weekly/monthly tf
Swing trader - daily /4 hours tf
Intraday trader - 15/30min
Positional trader - weekly/monthly tf
Swing trader - daily /4 hours tf
Intraday trader - 15/30min
2⃣Demand/Supply Zone - after analysing the chart in multiple timeframes, draw major/minor demand & supply zone .।।।
Ex : #SIS
Ex : #SIS
3⃣Trading Style -
⚡If you are a positional trader then focus on major demand & supply zone.
⚡If you are a swing trader, focus on minor demand & supply zone.
Wait for the price to come on your zone then, 👇
⚡If you are a positional trader then focus on major demand & supply zone.
⚡If you are a swing trader, focus on minor demand & supply zone.
Wait for the price to come on your zone then, 👇
6⃣Volume analysis - after this, watch volume action near the major /minor demand supply zone.
This is the link of the thread on volume analysis, you will learn about volumes & it's behavior here
This is the link of the thread on volume analysis, you will learn about volumes & it's behavior here
7⃣Pivot Entry Point 📍 - pivot point is that point in which the chances of the occurrence of a big move is much higher.
If the stock makes a good contraction of price near major/minor demand & supply then only enter that trade 👇l
Ex - #paushak /// #tatapower
If the stock makes a good contraction of price near major/minor demand & supply then only enter that trade 👇l
Ex - #paushak /// #tatapower
8⃣Stoploss - every type of trader must follow sl in any condition because after the bull market, over 40% of stocks take correction.
⚡positional trader - 10/20% sl
⚡swing trader - 4/7% sl
⚡Intraday/BTST - 1/2% sl
⚡positional trader - 10/20% sl
⚡swing trader - 4/7% sl
⚡Intraday/BTST - 1/2% sl
9⃣Position sizing(RM) - your position size should be neither too big nor too small.
⚡Positional trader - can allocate 10/15% fund in one stock.
⚡Swing trader -can allocate 20/25% fund
⚡ Intraday trader - allocate 20/25% fund
All calculation is based on risk management.
⚡Positional trader - can allocate 10/15% fund in one stock.
⚡Swing trader -can allocate 20/25% fund
⚡ Intraday trader - allocate 20/25% fund
All calculation is based on risk management.
Here is the link to my thread on stoploss and risk management, visit this for a detailed understanding
🔟Targets 🎯 - Targets must be based on good R:R and (normally 1:2) and good logics.
If you simply follow 1:2 RR ratio, then u need to correct only 40% of the time to make good money.
⚡Positional - Target 50/100%
⚡swing - Target 10/30%
⚡Intraday - 2/5%
If you simply follow 1:2 RR ratio, then u need to correct only 40% of the time to make good money.
⚡Positional - Target 50/100%
⚡swing - Target 10/30%
⚡Intraday - 2/5%
1⃣1⃣Trailing sl & Partial profit booking -
trailing sl & partial booking is very important for profit protection.
⚡Partial booking - IF as per R:R, you achieve 200% profit of the risk you took, book half profit.
Rest hold for trail sl to cost or nearest support zone.
trailing sl & partial booking is very important for profit protection.
⚡Partial booking - IF as per R:R, you achieve 200% profit of the risk you took, book half profit.
Rest hold for trail sl to cost or nearest support zone.
1⃣2⃣ Learning from mistakes - Here are the lessons I learned paying hard money and I want you to not make. please read the thread below
Hope this would add some value in your trading journey 💛
Follow @Anshi_________ and
my brother @Trading0secrets for such more threads.
Thankyou
Follow @Anshi_________ and
my brother @Trading0secrets for such more threads.
Thankyou
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