Pure Price action intraday Trading

Good evening everyone,

Thanks to @nithin for giving wonderfull platform for discsing trading related matters…being a sailor i travelled many counties and meat many international traders… most of thetraders told me they will wont use any kind of Indicator for their day trading, only they will trade on price action / braekout trading,
Can anyone expalin how it works with relate to Indian market, with example, please give answer in depth or suggest some good price action learing books…

thanks

I have learnt my price action trading basics from blog of NIAL FULLER blog.

It’s free.

His articles are also full of wisdom.

i had seen traders who goto brokerage office and ask their RM ( who will be in the same office ) to buy or sell for them just by checking the running ticker :smile:
( had account with netowth indiranagar CMH road branch and as a filter coffee addict i use to vist A2B for coffee twice a day nearby and use to spend time in the brokerage as well out of curiosity )

i had a good relationship with my RM and who use to say that those traders were making good money … later he asked me to lend him some money ( he could have asked money from his so called succesful traders , instead he asked a novie trader like me who was loising money regularly ) and realized that he was just bluffing me :joy:

pure price action trade rarely work out ( without seeing other things like volume atleast ) and whoever claims that pure price action works out , ask them the ledger :sunglasses: