Learn to Trade by Nitesh
Learn to Trade by Nitesh

@learntotrade365

9 Tweets 15 reads Jun 14, 2024
Day 1 of 50 day's Trading Made Easy
TOP Priority question on all Trading days
Index will move UP or DOWN ?
Techniques to identify - Directional or Sideways price action before it happens for Intraday Trading.
Under rated Price Action
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1] Let's start with the Framework
Many traders are confused in understanding whether index will be sideways or directional ?
Refer the image below
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Day Type 1 [ Let's start with the tough one ]
Typical Range bound or Sideways day more liked by non-directional traders and hated by directional traders.
Refer the image to understand more better
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Day Type 2
Typical directional day more liked by Directional traders and hated by non-directional traders.
Refer the image to understand more better
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Day type 3
Confused day type with more Failure attempt
Refer the image to understand more better
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Day type 4
Mild Directional possibility day
Refer the image to understand more better
It's always important to be aware of DAY type so we can align our trading strategy accordingly.
Using same strategy in all Day type leads to big losses
Directional possibility = Directional setup
Mild to less direction possibility = Non -directional setup
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