Price Action for Indian Equities?

#1
I am currently a member of a course: www.learntotradethemarket.com

It's quite a cheap course and this coach named Nial Fuller teaches Price Action trading for Forex. He's very very good. The principles of this trading are also valid in the stock market since it works with the Dow Jones Index.

For those who do not know, Price Action is the simplest way of trading in the market using Japanese Candlesticks.

I'm thinking of using it in the Indian Stock Market. Anybody else use Price Action in the stock market?

P.S. Some principles are the same. For instance a Shooting Star is an inverted Pin Bar, and so on.

Do let me know how it's working out for you. Thought i should ask before I try it myself.

Thanks,
Yogasutra.
 
#2
Did you check in charts at how many points did the reversal happen after a shooting star.

I check for few other things too.
At resistance.
Next bar close below thee previous.
RSI > 80 good.
High volumes too...A war going on between bears and bulls. In shooting star bears drag down the price below the open price.

Then I go for short.
 

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