- 5 weeks ago
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00:00This is one more good example to understand okay how the markets were reacting and what was the
00:06ultimate reaction from the markets. Okay so before that these were some zones which you would have
00:14seen it on the updated on the free telegram channel also you would have got these levels
00:19also personally from my end. It is 41.900
00:2441 to 875. Yes this was the level which was shared before the market opening. So what is this levels
00:36if I just try to zoom out the chart to show you exactly what is this levels you could see this
00:43this aggressive
00:44the down move of the budget day. Just a minute. Yes we got this down move of the budget day
00:55price went up sideways this one of the high volume area second high volume area is this and this
01:01almost equivalent but at this stage we will consider this is second high volume area. So this was the
01:07complete area I was focusing here. This was the next high area zone. Now try to understand what
01:14happens in this zone that is very very crucial. Here price was going into sideways and then up home
01:19but once the sellers came in they have cleared off this levels very easily straight back to the same
01:26consolidation zone. That means that is here this area where the volumes have been developed.
01:32This volume is not only from the these sellers but also from this buyers who are consolidating here
01:38after the approved 10-15 minutes of consolidation and then they continued the approved failed and
01:43reversed back. So this volume includes both bulls and peers interested volumes because here
01:51consolidation bulls won price went up and then the reversal came in sellers cleared off very easily
01:57with no respect. But look this volumes includes both bulls and bears same area I have plotted but what
02:03happened on this example that is very important to track.
02:10Okay this is one zone from the higher levels. This zone price was not ready to not even much trade
02:17above this struggling. Again this one was also updated to you traders personally. Okay so very important to track here is
02:24here what is the action here sellers are coming in those sellers the budget day sellers are aggressively trying to push the price down they were coming in defending the position fine great price rejected straight back there was some consolidation here now try to understand what are all the things which personally need to be checked that is what what to see in the charts very important.
02:48Where is the price first of all three questions where is the price aggressively sellers dominated area we have a reference level here bulls struggling to cross this reference level okay price trying to trade above VWAP but not ready to go inside the zone price reversing back down try to understand one thing very clearly the initial this red color candle which we are seeing here this is pure
03:12pure stop loss hunting don't get super excited okay sellers sellers are coming in now because these sellers budget day sellers are coming in now price will straight away fall down try to understand morning there was an attempt from the bulls to push the price up okay and then price is consolidating trying to again move up what it will do sir first of all it will invite
03:36invite bulls to participate more retail bulls to participate expecting a gap up opening later yesterday one day session before there was an up move which was coming in after that gap of bulls are trying to push up so this will be showing only bullish sign
03:55Frank nifty is already up by 100 150 points already running here the bulls sign price staying above VWAP this is the area it will invite more retail traders but we have that idea we have higher level zones here
04:10higher level zones here to be given importance if bulls are failing to cross obviously sellers will try to make an attempt in pushing the price towards
04:20downside downside very simple rule i repeat again price moves up to find strong sellers price move down to find strong buyers this is the ultimate foundation of the price movement
04:32what's happening price was moving up okay in search of strong sellers once price consolidated reverse back down this first attempt is purely from the
04:43stop-loss stop-loss hunting move stop-loss of all these bulls are getting trapped immediately bulls who are looking at price
04:51trying to reject from the VWAP trading above the VWAP it's a bulls price will move up all the retail bulls above VWAP will be chasing and taking bullish trade
05:00price made a trap stop-loss hunting candle closed below VWAP now try to understand one thing on the left side
05:08February 1st that is budget day sellers are already strong sellers who aggressively drag the price
05:14towards downside they have already done it right so here what is happening buyers are failing here
05:21buyers are not ready to trade and sustain above and cross this zones bulls are failing here price making a
05:27down move hunting stop-loss still the morning low has not been breached that is one point to be noted
05:34now what is this current environment last video discussing about psychology based on the market
05:41environment a trader has to react more this environment at this stage the India VIX is trading
05:48around 12.8 to 13 levels a low very low volatile market so on this kind of market expecting a
05:55directional move every day is of no use okay even on this day I personally have done only scalping
06:03because we have this previous day high very close here this was my target for the downside move when
06:08and how I have entered I will tell you clearly what I have seen it first of all bulls are failing here
06:14price making a stop-loss hunting down move now one factor to be considered the morning bulls who have
06:21came in first need to see what is their action because price coming to the same point from which they
06:27were trying to push the price towards upside down is their action bulls fail to make a follow through here
06:34but this is the starting point of the move from the bulls who came in a pullback and then an up move are they
06:40coming in or not how to identify we have a stop-loss hunting trap candle sir generally try to understand if the
06:47intention of trap is to only fill quantities let's say the year there is stop-loss hunting stop-loss quantity of many retail traders is placed
06:55price is trading somewhere here if this traders interest is to only until the stop-loss fill the quantity and to reverse back the price what they will do sir they will push the price up
07:08trigger all the stop-loss they will fill the quantities with limit orders and next few minutes what is the clear intimation of a trap move they will reverse back the price in the same direction probably next 5 10 or 15 minutes more faster they are reversing more aggressive the move will
07:25getting ready to come but what happened here stop-loss hunting move right one concept i have shown you the midpoint concept
07:35okay trap generally what happens if there is a trap move filling the stop-loss hunting quantity midpoint faster the price will reverse back below the midpoint either it will start trading below it
07:47or it will clear off the midpoint very easily but more it will start spending time if it is only trap move stop-loss hunting move it will start more action below the midpoint but here try to understand what happened that trap move was on the downside the trap move was for this bulls if this stop-loss hunting down move was the only intention to hunt the stop-loss fill the quantities
08:13they would have easily reversed back the price towards upside but look at what happened here already buyers failed here here what happened here there was a good chance for this bulls
08:26the morning bulls to continue the price after a trap to reverse back towards upside have they have done it no price was stable enough to trade i
08:37no of the low of the candle stop-loss hunting candle midpoint of the stop-loss hunting candle rather than after stop-loss hunting reversal if this intention was to move up they would have immediately in few
08:50minutes your reverse back i have shown you various examples and one of the video will also explain about how to identify trap if this only trap move or it's a follow-up move this is called as follow-up move
09:02after a trap the intention was not only to trap but intention was to push the price also towards downside
09:09okay because just because the candle color is there no point in jumping it's a trap move see what's the action of the price is spending more time below the midpoint or above the midpoint as the price is coming down price here it is trying to spend more below the midpoint
09:25that is a clear intimation that is a clear intimation that is a clear intimation press price trying to take a resistance from the VWAP not even ready to cross even above the midpoint
09:32the clear intention here is this is not only a stop-loss hunting move price is more ready to go towards downside as it is clearly spending time below the midpoint despite after a trap this bulls are not coming what if if this bulls are coming what they will be doing sir whether they will be wasting time below the midpoint or
09:54VWAP is doing sideways or they will move the price and do sideways or they will move the price and clear off the zone after a trap they will do this activity move off and clear the zone or try to stay above the VWAP but no can you see this the APU which was coming in check the volumes here dried out lowest volume for the trading session in this APU from the bulls this is where I will be more comfortably planning my short side trade below this with SL placing above
10:22so this candle I here try to understand as I mentioned the last video also the environment market mix is very low and we have a reference level previous days I exactly here so my intention was just to make this as an small move to capture 1 is to 1 risk reward plus the intention was very clear for me as the intention was to scalp make use of this advantage take the advantage of this move
10:50why I am speaking the advantage of those bulls who have participated here everyone would have not got their stop loss hunted here below this low or below VWAP
10:59main is the traders have an habit of placing SL at visual reference level warning low previous days high visual reference level so just try to understand if price is crossing this low hunting the stop loss with that hunting stop loss pressure price will further move down give
11:20that additional benefit this is where I'll be playing it as a scalping opportunity even I'll be more happy to place SL above this candlelight itself because if price crossing above this candlelight will automatically go above the VWAP it's of no use okay so straightforward execution below this intention was very clear before the execution was a pure focus was on the scalping perspective once I am getting this I am more happy
11:49happy with this as my scalping opportunity very simple this was the what I have personally focused to take on this particular trading session okay and obviously beyond this I was not available after 11 30 I was not away from completely for the entire trading session what I have taken I wanted to share you what was the everything running back of my mind whatever I'm speaking here everything runs back of my mind this is called pure practical strategy or technique of
12:19style or style approach because here what I am doing I am getting the confirmation bulls are failing stop loss hunting move again the bulls are getting weaker already bulls are getting weaker price below VWAP again bulls are getting weaker the morning bulls are getting weaker clearly volumes are not coming in we have 3-4 confirmation minimum 2-3 confirmation straight forward telling us what sir
12:43bulls are getting the bulls are getting the bulls are getting weaker then what is stopping and obviously on the February 1st day price aggressively drag back down sellers interested area the automatic introduction approach everything is clear on the downside now tell me after looking all this how confidently you will be executing your trade that is more important how confidently you will be executing your trade that is more important
13:13your confidence level will be something next level of confidence okay no point in just by
13:19telling sir this is some reference level sir last time price came here pullback rejection now also
13:26if the pullback rejection coming in i'll be jumping and taking trades this is old traditional technique
13:31here the confidence level will not be great compared to the confidence level you traders
13:36will be getting here that is more important confidently take one or two trades in a day
13:42no problem sir but confidently taking trades with clear clarity will make you towards the profits
13:50here sir 10 days back pullback rejection worked from the same reference level sir now if price
13:57comes and pullback rejection i'll be taking questions what is your level of confidence here
14:01and what is the level of confidence here even this is a just a scalp because intention which is very
14:07low but think about the confidence level because more you are confident more you can make profits
14:13that is the one of the key ingredient or key skill a trader has to focus on because if you have fear
14:21problem confident play taking one or two trades in a day still you can clearly outperform
14:27the all normal traders who are consistently making losses try to understand that more clarity more
14:36confirmation from the chart zones levels areas everything is clear stop loss hunting price is not
14:42ready to cross the midpoint bulls are getting weaker volumes are low warning bulls are not coming in
14:48price not ready to trade or even sustain above the vwap what is there sir if bulls are struggling
14:55price will go further back down in search of strong buyers same basic foundation concept price moves down
15:03to find strong buyers price moves up to find strong sellers i'm just playing reference level to
15:10reference level focusing what is happening price struggling to cross the midpoint prices bulls are
15:16failing here bulls are failing here warning bulls are failing what else we want sir when multiple things is in
15:25your favor then the fear will not dominate you that is this is where i call zero fear zero fear
15:33more clarity take that full advantage this is where it will make you to convert towards gas and profitable
15:41trader because this concept i have not so far about this i was speaking about trap and reversal midpoint
15:47i have shown few examples probably but this example after a trap there is no reversal but price making that
15:55same follow through this is one example which i want to show you because this comes often in the markets
16:00often during market hours you can make utilize take advantage of this strategy take advantage of this
16:06technique and approach which will benefit you once just look at if the zones and area are clear
16:12target for the next nearest reference level with clear confidence and zero fear
16:19ologians
16:23or connection
16:24Or function
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16:33or archive
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