(If you are like any other trader who watches a guy post a fancy system on any internet form , repeatedely trade it and getting continues losses , then this is for you). This is your Foundation. With this knowledge you can trade any chart with price candles on it.Futures/options/stocks/forex. Iam here to share NOT to Sell you any product , All the seniors i request you to post some charts We share some and then earn some)
Hello everyone, I am new to this forum and I like to trade futures by using Price action.
I see a lot of posts and trading systems here with fancy indicators , Scalpers,Day traders etc.All the indicators are lagging in nature , no use in trading with them.
I use a method which is very productive , and it has been working fine for me:thumb:.It is trading the pure price action along with candlestick analysis and support/resistance.Many traders trade like this but i am posting here becoz i see very little information about price action trading any where on web(i was referring to Indian FUT only).
This thread is meant to be for sharing our Views on a particular futures,using candle stick analysis and price action,All the senior traders who are expericed with this kind of trading are welcomed to post.
Lets learn and share our charts and make Some money.
Only one rule is there for this Thread "NO INDICATORS".Not even a Simple moving average. Just pure Support/resistance and candle stick analysis.
I will be posting some trades i took last week here.
Rules for setting up charts :
(1.)Plain Charts with Raw Price on it.Make the price clearly visible.
(2.)Place horizontal support/resistance lines on Weekly/daily chart.
If you dont know about support /resistance. if you want to spot them read post#10
http://www.traderji.com/technical-a...estick-analysis-no-indicators.html#post758355
Some photos to get familiar with.
upload photos
pic hosting
image hosting
pic upload
Hello everyone, I am new to this forum and I like to trade futures by using Price action.
I see a lot of posts and trading systems here with fancy indicators , Scalpers,Day traders etc.All the indicators are lagging in nature , no use in trading with them.
I use a method which is very productive , and it has been working fine for me:thumb:.It is trading the pure price action along with candlestick analysis and support/resistance.Many traders trade like this but i am posting here becoz i see very little information about price action trading any where on web(i was referring to Indian FUT only).
This thread is meant to be for sharing our Views on a particular futures,using candle stick analysis and price action,All the senior traders who are expericed with this kind of trading are welcomed to post.
Lets learn and share our charts and make Some money.
Only one rule is there for this Thread "NO INDICATORS".Not even a Simple moving average. Just pure Support/resistance and candle stick analysis.
I will be posting some trades i took last week here.
Rules for setting up charts :
(1.)Plain Charts with Raw Price on it.Make the price clearly visible.
(2.)Place horizontal support/resistance lines on Weekly/daily chart.
If you dont know about support /resistance. if you want to spot them read post#10
http://www.traderji.com/technical-a...estick-analysis-no-indicators.html#post758355
Some photos to get familiar with.
upload photos
pic hosting
image hosting
pic upload
Last edited: