Price is Everything

I personally won’t ever do that! What ever I know and have learned, I shall pour it here. Am not interested in selling any course or anything for that matter, just community sharing/learning in the time that I get.

-AlphaT

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Here is a recording of the result of a trade I took today. I made a video with live prices fluctuating because a viewer requested me, rather told me to so if I am a real trader! :grinning: Nevermind, I am cool with it.

Link to the trade video - link

-AlphaT

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Neat PA. ICICI was in my radar too. Took that short at 432 with 430 PE. IV was also quite ok back then for a naked long PE. Target was the opposing QM around 390 which I think you missed on this chart. Your way of marking the QM is quite aggressive, mine is more conservative but that’s alright buddy.

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@iSTFF @ManishAstral
Guys, did you notice this PA. bad news right at selling area formed 3 months ago! Unfortunately, no conf PA due to huge gap down, aggressive touch trade on Friday could have done well. Where is it heading to? any guesses?

-AlphaT

Sweet trade buddy! Good one!
You are right! I did mark the opposing D QM initially, but I had to shrink the chart to fit it in the screen which made whole of it a bit unclear, so to keep the chart properly zoomed in, decided not to mark it in the picture. Appreciate the point that you added to the piece! Thanks buddy! Yes my markings are aggressive because I usually don’t take set & forget trades on higher TFs due to the larger size of the zones/areas of PA. I like to watch the PA unfold first and then decide, which is also why I miss many opportunities too, but I am cool with it. As they say “Sau sonaar ki, ek lohaar ki” :smile:

-AlphaT

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A viewer asked why the target was that? The answer lies in the HTF picture where the obvious selling could have started, and I wanted the get out before that which fit perfectly with the 5/1 RR target being earlier than that. Daily TF was also a big clue with flag’s upper limits. Very clean PA. Here is the picture:

-AlphaT

And yes, once you see this 60m picture you can see how the 5m zone was inside a FL on the 60m :wink: Fractality of price at its best!

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Ok got it! I understand your approach… good going buddy. I have you sent a pm.

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@ShubhS9
New price action concept video uploaded here.

-AlphaT

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Good going buddy. Loving what you’re doing. Thank you.

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No guesses??
My view- It’s heading towards this zone below, where PA will tell what to do. For now Shorts in LTFs till there.

-AlphaT

This is a great thread you started, Keep going :grinning:

Thanks Dheeraj! For a while I had the impression that very few readers here are interested in Price action. :slight_smile:

-AlphaT

Heromotocorp - Lots of PA on this daily chart, just missed short entry, probably because of the messy flag just below the zone! I will cover Flag (and its Limits) soon in a video in PA style, not the traditional way, one of the most interesting pieces of PA created by institutions to trick the retail traders.

Heromoto if doesn’t move up from here then it’s path is South towards the next set of orders below highlighted in green. The first one is a reaction to the RBR so only Long with new PA when price re-enters that zone. Till then, no guesses, shorts on LTFs at newly formed PAs.

-AlphaT

Number of indicators used while trading is inversely proportional to number of years spent in trading :rofl: At last you realize Price is the only thing that matters. Though I myself is in nascent stage of learning.

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Does anybody here know the term called Delta? its a ratio between buy and sell volume. Similarly, there is another concept called Commitment of Traders (COT). Its the ratio between buy quantity and delta or sell quantity and delta.

Price and Volume isn’t everything. There are deeper concepts traders need to be aware of.

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Sadly all these isn’t available to retail traders, Market Profile and Volume Profile charts are another such features but not available for retail traders.

You need to opt for 3rd party solutions to get that information.

Not affordable really for small traders, is if? but if Zerodha makes it available for their customers that will be amazing move.

well, that really depends on your trading capital, the speed of your internet and money you have set for yourself to develop your trading strategy. I don’t think zerodha everwill make them available so don’t keep your hopes up on that.

Heromoto has arrived, now time to watch for PA.

-AlphaT

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