HOW TO TRADE USING PRICE ACTION?
Why learn price action now?
It is easy to learn, practice and apply in live market
It is the simplest way to trade NIFTY with clearly defined rules
Once learned, you can apply in any market for any time frame
It works for scalping, swing trading as well as investment
It is unlike other unreliable indicators-based trading systems
You learn the language of chart and understand any market like a pro
You will start getting benefits from day 1
No false claim as everything is transparent
Best things in life are FREE. Learn this trading method for FREE.
Greatest benefit is that you will manage risk better and stop overtrading
Everyday you can only get better and better from today
Once you learn, you get an EDGE which gives you better odds over the market
Markets are not random and market geometry is real. You will wait for your Setups.
When High Probability Setup forms at Key Entry Points, you will take winning trade.

Market are not as random as most retail traders think.
They always form Parallel Channels all over charts, we can learn to draw them to identify the market structure.
Markets reflect greed and fear. So, all charts have similar patterns in any time frame. If you see daily, weekly, or monthly chart – you will not be able to identify time frame if not denoted there.
Most traders have never tried to learn price action. They are always fooled by different indicators based strategy which are available offline and online. They keep jumping from one strategy to another till they blow capital again and again.
At last, they realise that all indicators work sometimes but not every time.
So, please learn following price action rules and you will learn the language of chart.
Trendline Rule -Counter trend trading while trendline is in play is against the rules.
After break of trendline, new extreme usually forms.
When price breaks the trendline, do not counter trend trade just yet.
Expect continuation of the previous trend.
After new extreme is formed, we usually see correction phase or major trend reversal.

Trendline Break -Even after trendline breaks, if it has been in effect for a couple of hours or more, the chances are high that the trend extreme will get tested after a pullback.
The test can be followed by the trend continuing, the trend reversing, or the market entering a trading range.
The single most important point about a trendline break is the first sign that the market is no longer being controlled by just one side (buyers or sellers) and the chances of further two sided trading is now much greater.

Dn’t Counter Trend -Traders think the market has to reverse any moment
Traders think the market is done and cannot go any further
Beginner traders tend to pick tops and bottoms
Follow the trend
Draw parallel channel to identify the market structure/ trend
Go only long in Bull channel and short in Bear channel. Don’t counter trend.
Best trades come in the direction of the trend
Avoid sideways or choppy market.

“3 Trading range rule”
Most Breakouts fail
Buy low, sell high
Don’t trade congestions
Identify “Health” of a trading range which can be bullish or bearish
Most Breakouts are in the direction of prevailing trend.
Longer time the market is in range, greater will be the BO (BREAKOUT) move when it finally occurs.
Even if there is Breakout, best is to wait for pullback (BOPB) and retest of the breakout level to join Breakout.

KEP = Key entry point
There are 3 KEPs
1 – 21 EMA – it acts as dynamic support and resistance. On 5 minute Nifty Chart, it plays crucial role.
2 – Support when in bull trend and Resistance when in bear trend
3 – Trendline – drawn by joining at least 3 swing points. In Bull channel, it acts as support amd in Bear channel, it acts as resistance

What is second entry?Before attempting to describe a
second entry, I will discuss some of the theory behind why
they tend to work so well. If you have been trading for any
length of time, then you are probably already aware of the
fact that the market tends to move in pairs. In other words,
prices will make one leg, then have a pull back, and
normally make a second leg that is somewhat equal in
length as the first leg.
These moves in “two’s” happen over and over all day long
and on different time levels. If you need proof, just go
study a few charts in depth, and I think you will then agree
with me that the market does indeed move in two’s over
and over. Now that you know and understand that this is a
natural part of any price movement in the markets, the next
thing you should understand is that whenever the market
tries to do something twice and then fails, it is likely to
succeed in moving much further in the other direction.
This is what makes second entry opportunities work so well
in my opinion.

HPS = High probability SetupsHPS at KEP
When in Bull Trend –
2EL at KEP
F2ES at KEP
Higher low acts as confirmation setup when 2EL is weak signal bar
When in Bear Trend –
2ES at KEP
F2EL at KEP