Master one trick only

[Happy_Singh]

Amibroker code for opening bar range based ORB color band

NewDay = Day()!= Ref(Day(), -1); 
OH = ValueWhen(NewDay,H);         OL = ValueWhen(NewDay,L);
PlotOHLC(OL,OH,OL,OH,"",IIf(C>OH,ColorRGB(0,0,40),IIf(C<OL,ColorRGB(40,0,0),ColorRGB(40,40,40))),styleCloud|styleNoLabel);

Happy

 

[avny]

FAILED BREAKOUT

After breakout,if price comes back to S/R line,then either it pulls back,and
resume the pr direction,or it will break the S/R line and will carry on,negating the earlier break out

ENTRY:entry is at the HIGH/low of the bar which closes ABOVE/ below the S/R
line

STOPLOSS: stoploss is above/below the pr pivot high/low

TARGET:as described earlier

 

[avny]

TRADE ENTRY-FLOW DIAGRAME (CUT-PASTE FROM NET)

 

[amitrandive]

Beautiful Entire Post!!!
:thumb:

 

[avny]

Price Action Trading With Confluence The Key to Successful Trading(AN ARTICLE FROM THE NET)

Price Action Trading With Confluence The Key to Successful Trading
Price action trading with confluence is going to be the most important thing you will ever learn when trading. This part is vital if you want high probability trades and to be a winning trader. The basic definition of confluence is the meeting or gathering of two or more things. This is exactly what it means in trading also.
You want to trade when two or more things line up in your favor. For example you are in an uptrend, at a support zone and then a bearish price action setup occurs on that support zone. This would be an example of trading with confluence. See how there are more than two things in your favor for that trade?
The more things that are in your favor the higher probability that it will be a successful trade. Below is a great example what trading with confluence.

As you can see above it is in a downtrend so that means we are looking to sell this pair. Then you wait until price moves to the support and resistance zones. Once it is in the zones you watch for a price action trade setup to occur in that zone. If it is a bearish setup then we take the trade. On the chart you can see two pin bars on the support and resistance zone and then an engulfing bar also on the zone. All three of these setups are bearish which makes all three a valid price action trade.
The more reasons that you have to take a trade the better the trade will be. It’s like having evidence, the more evidence you have the sure you are about your decision. The same thing occurs in trading price action.

 

[avny]

NIFTY FUT 3 MIN 30.8.13

 

[EXPLORER]

Hi
the tread looks good. Anvy has allready masterified one trick , kicking out one traderji member from the forum and shown sighns of relief.

Regards :d

 

[gurmy.]

Hi
the tread looks good. Anvy has allready masterified one trick , kicking out one traderji member from the forum and shown sighns of relief.

Regards :d

Traaderji members have no power to ban anybody.

if u think so,then try to ban him or anybody

 

[RITIKA1985]

Thanks for the lovely thread.

Clarity of thought is really impressing.

 

[RITIKA1985]

Useful posts like this makes traderji special:thumb: