"price action, swings and sense"

[rajesh.singh]

re: "price action, swings and sense"

Hi Saakk,
Nice charts..keep it up.
My take might be of some help.
All the best.
Rajesh

 

[Snake.Head]

re: "price action, swings and sense"

Just posting my studies for past two day...
It has been only few days.Since I have started studying price action

 

[shreeux]

re: "price action, swings and sense"

Just posting my studies for past two day...
It has been only few days.Since I have started studying price action

Can you elaborate BRN...how to find level..?

 

[Snake.Head]

re: "price action, swings and sense"

Can you elaborate BRN...how to find level..?

BRN - Big round number most of time it acts has support and resistance levels.
This does't mean that it always acts has support and resistance levels.
Keep watch on Trend/Trading range.
It has to do with Psychological Levels things,As we human most of time place stop/entry at round numbers...

Snake.Head

 

[shreeux]

re: "price action, swings and sense"

BRN - Big round number most of time it acts has support and resistance levels.
This does't mean that it always acts has support and resistance levels.
Keep watch on Trend/Trading range.
It has too with Psychological Levels things.As we human most of time place stop/entry at round numbers...

Snake.Head

Thanks for elaborate !!!

 

[saakk]

re: "price action, swings and sense"

On the move, will join back on monday....

 

[saakk]

re: "price action, swings and sense"

Plz post 5 min nifty chart for today anybody.... thankx

 

[Snake.Head]

re: "price action, swings and sense"

Plz post 5 min nifty chart for today anybody.... thankx

 

[saakk]

re: "price action, swings and sense"

BRN - Big round number most of time it acts has support and resistance levels.
This does't mean that it always acts has support and resistance levels.
Keep watch on Trend/Trading range.
It has to do with Psychological Levels things,As we human most of time place stop/entry at round numbers...

Snake.Head

BRN for index has never made sense to me, reason: nifty future is a underlying of spot and spot is a combine movement of 50 stocks, no direct buying/selling so how can a BRN works for spot and on its derivative, BRN can work on specific stocks where is a direct transection. Besides every support and resistance is valid in hindsight, every assumption, presumptions, trade idea, TL, channels are wrong unless proven right by market......

just a thought....

 

[Snake.Head]

re: "price action, swings and sense"

BRN for index has never made sense to me, reason: nifty future is a underlying of spot and spot is a combine movement of 50 stocks, no direct buying/selling so how can a BRN works for spot and on its derivative, BRN can work on specific stocks where is a direct transection. Besides every support and resistance is valid in hindsight, every assumption, presumptions, trade idea, TL, channels are wrong unless proven right by market......

just a thought....

It has been only few days,Since i have started studying price action.
Thank you for clearing it.