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Price Action Trader
@PAVLeader
, 3 tweets, 1 min read Read on Twitter
Price action trading looks very simple especially for newbies who see it for the first time & think that its a piece of cake. We just need to short at supply zone & buy at demand zone. Let me warn you guys, it is not as simple as you think. Its very tricky & subjective.

1/n
Same chart seen by 2 people can be interpreted in 2 different ways. Everyone looks the same chart differently so unless you know what you are doing, dont trade price action. It doesn't come in 1 day, week, month or year.

2/n
You need to consistently learn the concepts, apply them on chart via manual chart screening 1000s of hours & then only you will be able to grab your piece of share from the market. Till that time - LEARN, LEARN & LEARN. No shortcuts guys so practice patience!

3/3
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More from @PAVLeader see all

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Price Action Trader
@PAVLeader
What is a trade scanner? #LearnWithPAL
A scanner is nothing but a set of buy/sell rules which a trader defines after he/she manually backtest his/her ideas on charts. It is a method to translate your trading ideas into a rule so that you dont need to manually scan in future

1/n
There is nothing magical in it but lot of people ask me to share a magical scanner to get 100% solid signals which can change their life. This sort of thing doesn't exist at all. Its a myth to have a scanner giving 100% accurate results.

2/n
My scanner may or may not work for you because I built it based on my trade conditions & I look for something specific in a chart before I take a trade. Even if you get the scanner, you may not get the required conviction along with it.

3/n
Read 4 tweets
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Price Action Trader
@PAVLeader
#BANKNIFTY Future bar by bar commentary for today's move for learning purpose.

1/n
After a powerful reversal with massive volume & wide range bar yesterday #BNF closed above EMA21 & has made higher higher on 15M candles & didnt break the low of any previous candle.
2/n

This shows the strength in the move & shows the strong momentum upside. After so many days of downfall, bears were shorting on every rise & this was a perfect "Bear Trap" setup (yesterday it broke the day low only to reverse).
3/n
At yesterday close selling profit booking was witnessed but today's open didn't break the low of that candle as well. It shows we still have some steam left for upside.

Points below are aligned with the numbers marked on the chart for easy understanding -
Read 12 tweets
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Price Action Trader
@PAVLeader
Thank you @SauSethi for your kind words. Good question & I am sure lot many other IT professionals are struggling with this situation so let me share what I follow.
With 2 growing kids (14Y & 10Y) & a very high pressure, high visibility senior level job at one of the top IT companies, my schedule is always crazy but due to my passion towards capital markets I manage my time to do analysis & trade. Here is what I follow religiously -

1/n
2/n
1. I do all my analysis EOD basis & remember the stocks I need to trade next day & their key levels of support/resistance
2. I set alerts in IIFL mobile app with Buy above, Short below levels so that I dont need to track these during the day
Read 7 tweets

Related threads

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HMK alias MANOJ
@scorpiomanojFRM
#TRADING INTRADAY HTF_SR method Another Eg. #BATAINDIA daily / 1hr /5 min - Conclusion - Key level to watch out for 1363-1365; if price action bearish at this point, shorting suggested with stop of 1370; if price action bullish at this point, long suggested above 1365...…...
for a quick scalp till 1375; however above 1365 advised to wait to see how it reacts to the 1375 resistance line; if an bearish price action happens here, short suggested around 1370-1375 with stop of 1385; if price breaches 1380-1385.....
long suggested with stop of 1370. Try practicing this in as many charts as possible to get a hold of this method "Higher Time Frame Support and Resistance method" (HTF_SR). With proper risk management and defined rules, you can see vast improvement of your performance.
Read 3 tweets
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HMK alias MANOJ
@scorpiomanojFRM
#TRADING Intraday - A very simple intraday trading method; No sophisticated systems / pivots / fibbonaci / indicators / EW..... etc ; This is being followed by sum of the successful intraday traders in the world and even in our markets too. The following are the steps:
NOTE; THE LEVELS ARE NOT RECOMMENDATIONS FOR NEXT DAYS TRADE. THEY ARE USED TO EXPLAIN THE CONCEPTS.
1) Open Daily Chart, say for eg.,Nifty.
2) Identify nearest support and resistance from the latest close. Mark horizontal lines (for eg, blue).
3) Now go to 1 hr chart.
4) Identify nearest support and resistance from the latest close. Mark horizontal lines with different colors (for eg., black). If S & R of 1 hr tf is same as daily tf, identify the next visible S & R in 1hr tf and mark accordingly.
Read 10 tweets
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HMK alias MANOJ
@scorpiomanojFRM
#TRADING Intraday Trading Setup 3 - Pivot trend relationship setup
Before getting into the setup a brief intro on pivots; Today's HLC will pave way for tom's pivots. Yesterday's HLC was used for today's pivots. In short `n' period HLC will be used for determining `n+1' pivots.
Above chart illustrates tomorrows pivots based on today's HLC. So next day's pivot Vs current days pivot position is known. In other words the pivot trend is known. If next day's pivot range is higher than today's pivot range it is called Higher value relationship;
If next day's pivot range is lower than today's pivot range it is called Lower value relationship;
Read 7 tweets
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Stewart Wood
@StewartWood
Today I start my 8-day clockwise drive round the coast of Ireland, from Dublin to Dublin. I’m excited. The schedule has been meticulously planned on tube journeys to & from work for the last 3 months (I am half German) but insider tips on unmissables very welcome. Thank you.
At the glorious 10th century Round Tower at Glendalough in County Wicklow, waiting for John Cleese to poke his head out of the top window to tell me my mother was a hamster & my father smelt of elderberries.
Glendalough in Wicklow is worth today's crazy early flight alone. A wondrous, magical place: dates from the 6th C, with a unique double gateway, tower & Cathedral that was already decommissioned (to use weapons inspectors terminology inappropriately) in the 12th C. #MyIrelandTour
Read 21 tweets
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🇺🇸 Andrew Chen
@andrewchen
1/ "There’s nothing like some user testing to remind you that you don’t know anything." -@far33d, growth at @slack
2/ When you work on the same product every day for years, it's easy to assume that everyone uses the product the same as you do. Of course that's not true!
3/ IDEO has a wonderful phrase - "vuja de." Deja vu is when you see something for the first time, but think you've already seen it. "Vuja de" is when you see something every day but can see it fresh, like it's the first time
Read 16 tweets
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clement vouillon
@clemnt
In my thread of the evening I’ll share a very simple customer discovery “program” for early stage #saas.
In the past months I realized that many early stage founders mistake what they think is a marketing problem with what is, in reality, a customer discovery problem. They have a 1st version of their product but no stream of leads. So they want to start marketing to solve that.
In the majority of the cases I later realized that it was too early to start marketing, the real issue was that they didn’t discuss enough with potential users so the “product + value proposition + customer / persona” chain was not clear yet.
Read 10 tweets

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