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Price Action

The document outlines various price action trading strategies, focusing on breakout and fake out scenarios. Key strategies include identifying momentum candles, avoiding long wick candles, and waiting for proper pullbacks before entering trades. It also emphasizes the importance of not trading at resistance or support levels and provides specific rules for gap up and gap down scenarios.

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AGNI
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15 views30 pages

Price Action

The document outlines various price action trading strategies, focusing on breakout and fake out scenarios. Key strategies include identifying momentum candles, avoiding long wick candles, and waiting for proper pullbacks before entering trades. It also emphasizes the importance of not trading at resistance or support levels and provides specific rules for gap up and gap down scenarios.

Uploaded by

AGNI
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Price action

STRATEGIES
Breakout
vs
Fake out
BREAK
OUT/FAKE
OUT
1. Avoid big bar candle break out

2. Don’t jump to the trade by seeing


the big bar break out. (trapping)

3. Wait for continuation


Long wick
candle
1. Avoid long wick break out candle

2. Top side selling pressure

3. Support side bull pressure


Break out
1. Must be momentum candle for break
out

Like low wick, body is 80 to 90 percentages


than wick, no doji candle. Or small body.

2. 40% to 50% body should be break from


break out level

3. Must be break previous levels wick also.

4. Don’t try long at resistance

don’t try short at support

5. Don’t trade if continue 5-6 continue bull


or bear candle happened.

6. Wait for pull back


5 candle
logic
Here pull back after 5 candle

So market going same side


Break out
1. Must be momentum candle for break
out

Like low wick, body is 80 to 90 percentages


than wick, no doji candle. Or small body.

2. 40% to 50% body should be break from


break out level

3. Must be break previous levels wick also.

4. Don’t try long at resistance

don’t try short at support

5. Don’t trade if continue 5-6 continue bull


or bear candle happened.

6. Wait for pull back


Thank you
Strategy 1
Long entry
Gap up/Gap
down
1. Gap up

2. First candle should be Bullish


rules
3. Wait for proper pullback

4. Then draw swing high

5. Break swing high with proper


bullish candle

6. Follow the 7th rules of breakout


First strategy: Gap up continuation (29 SEP)

Entry

SL
Strategy 2
RULES

Gap down
and bullish
1. GAP down market with bullish
candle. PD CLOSE
2. Wait for swing high break

3. Proper breakout with momentum


candle also there should not be
any resistance , if then wait.
Strategy 3
Gap up/down
reversal
(bullish) Pull back
1. First candle is bear candle

2. Reverse the market with bull


candle

3. Break the day high

4. Breakout with momentum candle

5. This one is trigger candle

6. Wait fore again pull back

7. Then go with bull


pullback
Strategy 4
Gap down Yesterday’s closing
bearish
1. Open with bear candle

2. Wait for pull back

3. Enter after proper break out with


momentum bear candle.

4. No resistance near by.


Strategy 5
Gap up
bearish
1. Open with bearish candle (gap up)

2. Wait for pullback

3. Break swing low

4. Wait if any support near

5. Enter with proper bear candle.


Strategy 6
Gap up/down
reversal
(Bearish)
1. Both market gap up or down

2. First candle with bullish

3. Mark low of candle

4. Wait for proper bearish candle for


break down for trigger candle

5. Wait for one more pull back


Strategy 7

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