Advance Price Action Trading with Demand Supply & More

[AlphaT]

@AlphaT - Today I see Bajaj Fin SZ was broken even in first attempt itself. Any reasons why SZ is not respected here View attachment 42341

This was an ordinary DBD SZ Vikki. Look for good zones like ERC, POI, etc... Nothing much to say here because price had hit the daily DZ and it was reacting from high HTF DZ.

 

[AlphaT]

@AlphaT - As you posted in your telegram channel, I watched the LT 5min. I see the high of DZ is 835.9 which was not at touched until 1.05pm & once the price entered, it broke DZ in first attempt itself & SL got hit. Any thoughts on that. View attachment 42343

My entry price was 836.1 it got filled quite soon after being place and the target was also complete rather quickly in the morning itself. I normally keep my entry slightly above the exact zone for this very reason which happens quite often. If you keep the order exactly at the start of the zone then often you will either just miss the entry or get a partial fill only. With higher value stocks that are greater than 1500 I keep the entry 1 or 2 Rupees earlier and with stocks like Bajafinance or Maruti much more...

 

[AlphaT]

@AlphaT , In RBLBank 5min chart, I see the CAP is not respected first. Then I see it formed ERC DZ which is also broken in first attempt itself. Are my markings & observations are correct. Also why it happened li View attachment 42342 ke this.

The PA in the 5 min was not very clear w.r.t the Cap. In such cases go down time frames so see a clear PA. Look at the 1 min TF & now tell me did the Cap work?

Now look at the ERC on the 5 min. Look at the candle that Engulfed the Barrier, how it behaved. This calls for a deeper inspection on a lower time frame.

Now look at the ERC's PA on the 1 min. Was it really a clean ERC? Can you see the portion when the Engulf & the Reverse happened? This spoilt the ERC! This was an avoidable one.

 

[AlphaT]

Sir, is CAP SZ in BANKNIFTY 1 min correct ? pl tell.

Yes, it's correct!

 

[vikki_trader]

@AlphaT , As you mentioned in the telegram channel it supposed to be a 2TB if it entered the DZ & not a frsh zone ,right. https://www.tradingview.com/x/rWpqoXrE/

 

[AlphaT]

@AlphaT , As you mentioned in the telegram channel it supposed to be a 2TB if it entered the DZ & not a frsh zone ,right. https://www.tradingview.com/x/rWpqoXrE/

Yes Vikki..

 

[AlphaT]

 

[ShubhS9]

@AlphaT Is this CAPing setup in UPL on 15 minute chart?

 

[AlphaT]

@AlphaT Is this CAPing setup in UPL on 15 minute chart? View attachment 42410

It was... the move is over!

 

[ShubhS9]

It was... the move is over!

View attachment 42412

Hasn't reached the top though yet....