friend, I have a few suggestions re price action trading....
first of all using any time frame for charting and basing trades on that in price action trading in my opinion is useless.
therefore look for renko charts with tails or point and figure charts with "1 TICK" and only "1TICK" as your timeframe and then draw your sup/res lines on that, then paper trade for sometime until you get used to it.
then start real trading again....no point in blowing your account unnecessarily...believe me ....this is from a retired merchant naval officer who earned a lot and then blew a lot after retirement in intraday trading in the course of "LEARNING"....which I believe is unnecessary...also keep in mind that once you leave a profession from which you were earning a lot, its difficult to make back that saved money easily...so each and every rupee lost matters...just my two cents
first of all using any time frame for charting and basing trades on that in price action trading in my opinion is useless.
therefore look for renko charts with tails or point and figure charts with "1 TICK" and only "1TICK" as your timeframe and then draw your sup/res lines on that, then paper trade for sometime until you get used to it.
then start real trading again....no point in blowing your account unnecessarily...believe me ....this is from a retired merchant naval officer who earned a lot and then blew a lot after retirement in intraday trading in the course of "LEARNING"....which I believe is unnecessary...also keep in mind that once you leave a profession from which you were earning a lot, its difficult to make back that saved money easily...so each and every rupee lost matters...just my two cents