learn to trade price action Trading by Nitesh Lecture 2

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learn to trade price action Trading by Nitesh Lecture 2  Free trading course  Free trading mentorship

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00:00let's take one more example to understand but this time i'm using multiple things weekly

00:05and previous days value area levels both the levels along with the zones if everything comes

00:11in more clear picture this was one more practical live example okay practical live executed orders

00:16even on the free live sessions so this was the zone which very clearly to understand first of

00:22market closed here okay so next point is what this is by weekly value area i levels and this

00:27previous day value area i and previous day value area low levels if i'm also cross checking the

00:34midpoint midpoint of the day probably something somewhere coming around here in this area all

00:40along almost in this area getting from this low till i the midpoint is coming around here so what

00:46happened next day market is again trying to make an upside opening to very very very important point

00:52to understand first of all last time when price what happened around value area i that is more

01:01important for me what happened around value area i just see the action price took a support trying

01:09to take a support move up rejected this was a budget day last example we're discussing support turned

01:15into resistance area market crashed aggressively towards downside so now this activity this area

01:21is more price crossing this area again it's more predominantly sellers what i can say it's a

01:28seller's home not a level or a zone it's a seller's home where the sellers out pre clearly dominated

01:35and on the next session price not even went to this value weekly value area i so now try to understand

01:41one factor very very important above beyond value area i the more important features will be more

01:48bulls dominated action can take place if price goes into consideration or trying to take a support

01:54here but your complete opposite action beers have just crazily dominated the bank nifty to push towards

02:01downside so now very very important factor what's next look at this area here budget day i volume area

02:11what is this budget day i volume area this is not a joke very very very very most i can tell it as an

02:23important level okay budget days i volume area so what's happening here price is morning trying to

02:34make an atom here it's pure dominance from the sellers pure dominance from the sellers this was pullback

02:39rejection was converting into resistance which we are discussing in the last video also pure dominated

02:45sellers area aggressive sellers who drag the price so this area is never easy task for the bulls to cross

02:53but but try to understand they have tried to made an attempt they are not so easily giving away

02:59morning price was moving up they tried to make an attempt price was inside the zone just try to

03:05understand the activity around here the next few minutes price came out came back below the zone

03:11one more attempt price trying to move again trying to reject back down one more attempt again trying

03:16to reject back down then the price aggressively came down now understand one thing first time price

03:24goes inside this range trying to come below the weave up closing below action is going on below the weave up

03:30but one factor to be understand here that is this buyers this morning buyers the gap up buyers market closed

03:40here is here and gap up buyers they are trying or they might try to come there is a possibilities

03:48that is what happening price going down again bulls are trying to come price closing above the weave up

03:53no effect immediately reverse it next time price trying to go to the same zone not even ready to close

04:00above the zone or not even ready to close above weave up immediately reversing back down this is where

04:06clear intimation from the chart what is the story which has been told years is trying to understand

04:13this is the real strategy or technique which i personally see around the zone for me as i've already

04:19mentioned i need two confirmation okay two confirmation of one-sided player trying to dominate

04:26or a one-sided player who's trying to take more control already this zone is a seller zone

04:33now try to understand if the buyers want to dominate the price they will try to cross the zone or

04:39consolidate in the zone always on a zone try to understand two things that is lower levels and

04:45higher levels there are two levels here this is the higher level of the zone this is the lowest level

04:49of the zone so now if price is trying to come from the downside this is clearly we know this is

04:57the seller's dominated area zone levels area or whatever we can tell right so price is coming from

05:03the upside so now trying to understand if this buyers are stronger practically what they will be more

05:10focused to do either they will start consolidating the price above those lower levels and then they will try

05:17to make an attempt to push up consolidate and then they will continue the price to move towards upside

05:24right everywhere they can straight away cross the zone because even on the higher level there is some

05:28seller's activity is there but now try to understand rather than price trying to go up rather than

05:38consolidating here immediately coming back down because of these morning bulls who were there

05:43it's not as i mentioned never underestimate one thing remember one thing whatever may be the zone

05:50okay whatever may be the zone this is the morning upload okay so the upload midpoint is somewhere

05:57coming around here this is the midpoint of the upload price is trying to reject from the zone but

06:04try to understand still there is no clear close below the midpoint so that is still a point that the buyers

06:11are still trying to come and defend which buyers these morning buyers are still trying to make an

06:20attempt this is the up move always remember this up move the midpoint is here is there in this case

06:26there is aggressive seller's zone price trying to reverse back down okay if the sellers are immediately

06:33ready to reverse back make the price down they will shoot back the price in next few minutes below the

06:40midpoint the same on your left side they have done here can you see this aggressive action on your

06:46left side price turning resistance area immediately rejecting straight back down if the same sellers are

06:53so ready to come in very quickly what they will be doing they will be now check the bottom here

06:59once buy is trying to make some action immediately reversing they will easily push the price down below

07:06midpoint and they will drag back the price straight away down if they are so much aggressive

07:11but in this case what they have done they have not immediately shown any sign of aggression which is

07:19how it is visible for me very simple sir just try to understand one thing here the midpoint is still

07:26getting not easily cleared off okay price trying to reject but the two even after two counts there is no

07:34clear close taking more time here price not a good candle close just see this price close below the

07:40midpoint after four candles that is slow rejection coming in no that is not a good sign this kind of

07:48slow rejection at an aggressive seller's zone that is an intimation red red red red candle color

07:54retail traders are invited to plan a bearish trade so no point in chasing and midpoint look at the candle

08:01not even ready to clearly close forming a big year better to wait for a few minutes this is very

08:08important you should understand when to wait if there is aggression price will reverse back

08:15fastly price will reverse back fastly if there is not so great aggression that is an end that the retail

08:24traders are being invited to take late short trades to take late short say the few up candles will panic

08:36them so now this is where you need to understand i have a clue that the price is struggling to sustain

08:42in the zone in the seller zone but midpoint fastly it is not crossing it is taking some more time here

08:50so it's better to wait for a few more minutes of action to understand actually what really is happening

08:59here price again trying to go up reversing back down again trying to go up reversing back down now try to

09:06understand not only that case just look at the action here i i is shifting lower i is shifting lower

09:14last time price was closing above the zone then reverse price closed above the vwap then reversed

09:20this time price not even ready to close above the zone above the vwap reversing here personally

09:26actually i could have i should have taken a trade below this candle low itself because i was slightly

09:34playing safe on as it is a friday generally what i do monday and friday i just try to play slide safe

09:41because i have told the reason already in one of the videos because monday is the start of the week

09:46no need to spoil the entire week friday is the last day of the week no need to much disturb the

09:52weekend because of the any improper trade decisions actually plan was to short here and just make sure

10:01this is weekly value area i need to see what's the action here price trying to move down a quick

10:06rejection but the next candle further dropping down actually what happened in the live session

10:11because of my personal late entry price came to this value area i almost got one is to one what i

10:18have done is i have trialed my sl at cost okay scalpers have booked the scalping profit but my focus was i

10:27tried the sl at cost because value area i is always a key level to watch out okay no point in taking any

10:35special risk but actually my entry was here what what happened is entry actually i should have taken

10:42year or below this low itself but i have taken slightly away here because of friday exactly price

10:48came to this at cost price went down to this value area i came to this at cost and reverse back

10:55hard luck because of my late entry i accepted it was my mistake of playing more safe and taking late entry

11:00i went for the actual entry no problem sl above this and straight back one is two two car risk

11:07reward price in this congested area try to understand when price is consolidating on the closing basis for

11:14more than 40 30 minutes after a quick up move there is some pressure is there from the bulls or else price

11:21would have made and one more down move why look at where is the price just see price is in this zone

11:29jambi aggression further continued to push the price towards downside okay but not happen

11:35concert that means some buyers are there just think practically is it if this aggressive zone is there

11:40price coming to the zone price can reverse back down very easily because of aggression but no there was a

11:47fight running around here can you understand what is the fight here lower levels bulls and higher levels

11:54these budget sellers both are trying to come both are not ready to give up that is the

11:59fight which is happening higher level sellers lower level buyers why price goes into sideways this is

12:05the reason so this is a fighting area clearly here and looking around this zone or this zone was the

12:12around same one is to more than one is to two risk reward was the simple approach again what i am doing

12:20here sir what is making me more confident to stick towards downside okay not just i am seeing this higher low

12:27formation sorry lower eye formation and then deciding but here this area is fully dominated sellers area

12:35till this point after this bulls are getting weaker till this point there is no major player to disturb

12:43i have shown you this is a kind of example does not come every time but when it comes make sure

12:48to i personally try to maximum utilize it right aggressively sellers dominated till this point no major disturbance if this

12:57bulls warning bulls are not coming in they are not coming in the yancey straight back no major disturbance is there till minimum this point as the price was consolidating

13:07around this levels this is where when no disturbance is there generally i try to take more orders more quantity

13:18but hard luck for me because of my playing safe on friday at cost got tired let me be very honest but actually

13:25actual entry it was my mistake by breaking the rule actually execution was should be here by my broke the

13:32rule to execute here that's my mistake accepted the mistake what i have done but this is more important

13:38once you accept next time you will be more clearly ready okay so this was one one one simple action and

13:45next what's happening now try to understand price crossing the zone value area i has been crossed weekly value

13:53area i has been crossed very easily so now what's next price trying to go down because of this

13:59consolidation area fight was there as i mentioned bulls and bears were fighting the sellers have not so much

14:05aggressive this consolidation area bulls still there because aggressive sellers and still bulls managed to

14:13stay sideways and also this red red red candle inviting retail traders top loss hunting

14:19i have told you one thing price if it is going up or down for stop-loss hunting if its only intention is

14:25to trap mainly around reference level any reference level any major reference level whatever i mentioned

14:31it will reverse back it will reverse back just see what's happening here price just a trap clearly reversing

14:39back very quickly this was one more plan i have taken personally a bearish trade okay shorted

14:45and price came down i managed to book profits somewhere around here okay this was the second easiest quick

14:55trade and also look at this not only the reference level look at there are multiple levels we have

15:00previous days i here value area i here price trying to make a trap immediately red red candle all retail

15:07crowds have been thrown out to price reversing back very very quickly yes you can ask me a question

15:13the price reversing back why i have not taken a short side trade immediately below this candle low

15:19the reason is clearly because look at one more reference level previous days i candle by the time it was

15:27clearly rejecting from value area i it will take few minutes to close below the previous days i also but

15:34not happen immediately that is the reason i was waiting for few more minutes of action to develop

15:40sideways and then once price clearly again look at this price now started trading below it try to

15:48understand value area i prices easily crossing trap move rejection previous days i price consolidating

15:56there was a good chance for the bulls to take the support from previous days i and try to make a

16:01up move or make the price to trade above weekly value area i but they have not done it that means bulls are

16:10are not stronger per se price just try to understand here what's happening here price is again trying

16:17to reject aram say below this is short opportunity with sl placed above this gets that one is to 1.5 to

16:24one is to move risk reward again one two that's it okay one level using the zones price struggling to cross

16:33lower right price came down no one is there to disturb straight back down move and then the second one

16:40this is where value area levels and prices around those levels try to understand whether what is

16:46happening whether prices reject trying to make a trap move quickly reversing back down sustaining below it

16:51game over okay or price is trying to move up trap rejecting i can consider this as a mild pullback

16:59rejection also one more kind of a pullback rejection opportunity also bulls were not able to even go

17:07beyond value area i this is what everything runs in my mind i have i think those who have joined the

17:14course you would have seen this live market session in front of you would have also joined this i believe

17:19you would have joined on the third this february this is uh now it's dates on this day you would have

17:27joined i believe that because i could see those who have taken course view i remember the names you

17:32have joined it okay you would have seen practically what i did or else you can go towards my youtube

17:38channel you can check the live stream of feb 3 what i have done on this third february same action but

17:45what are all the running around in back of my mind this is called real technique and strategy sir

17:51planning my intention of plan was only in the perspective of looking around reference level

17:57what bulls and bears what buyers and sellers are doing the real game the market strategy technique

18:07it's to look around the buyers and sellers activity what i was doing here i was looking

18:12at buyer sellers activity what i was doing here looking at buyer sellers activity around the zone

18:17around reference level i'm not wasting time to look at buyer sellers zone everywhere i'm concentrating on

18:23the reference level i'm concentrating on the zones i'm concentrating on the area where there is no major

18:29traders or players to disturb this is called eye probability trade technique strategy where maximum

18:37probabilities are there that the trade will go in our favor i called it eye prob opportunity better to grab

18:46these kind of eye prob opportunity and make most utilized of this eye prob opportunity

18:55this is where it will help you to build confidence this is where it will help you to

19:02growth towards trading no point in most traders waste times in price if it is sideways whether it will

19:07make a breakout on the upside or downside rather than blind prediction get the clues from the chart understand the

19:14action understand the action understand the price reaction understand market in perspective of

19:18buyers and sellers the real game of profits will start from that particular thing it's not about you need

19:26to trade every day every take every move but when you are focusing when i personally i have no

19:32rule that i have to trade every day every tick or every move my focus is if i am finding this opportunity

19:38this kind of high probability opportunity with proper process following around the zones levels even if i am

19:47taking less trades in the month no problem but ultimately my profit number will be big because end of the month

19:53only thing is you need a decent profits to be made from the market because most traders trade in the market

20:01but by the end of the month they have nothing left over forget about profit the losses filed up like

20:07anything why because yes they are few might be utilizing this kind of opportunity but markets when there is

20:14less opportunity are overlapping they get attracted by candle colors and just lose away all their profit

20:22and go into loss not only loss plus confidence goes out trust on yourself on your chart reading your

20:30approach towards market drop down drastically if the mindset and psychology is being disturbed

20:37no matter whatever whoever comes and teach you anything you still will be doing the same mistakes so change

20:44yourself from now and start focusing on what works more on high probability opportunities high probability

20:53techniques and strategies that is more more more more more and more important to become consistent profitable

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