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00:00Welcome to the price action trading. So now try to understand first we'll go slightly into a
00:07theoretical part for understanding really in terms of first of all when I see or tell about price
00:15action what exactly it is meaning and second point to notice price action the word you have
00:24heard many times for example price action what few traders thinks in terms of price action
00:29is like for example a pattern from box pattern or kind of pattern like this triangle pattern
00:37triangle breakout pattern formations and what I can say kind of an double bottom triple bottom
00:46formations so these are all available on books you can see on the books you'll be seeing this kind
00:53of more activity or more concepts more pattern when you are working or reading something in
01:00terms of price action or many blogs videos etc. I try to understand in books theoretically in even
01:08foreign author books you could see all these patterns are not been implemented on any 5 minute
01:14time frame or 15 minute time frame it's been worked on a bigger time frame daily weekly monthly
01:20time frame okay we are trying to implement the same thing on shorter time frame and expecting the same
01:27result but now I'll be completely doing something where things will not be the same the way the reacting
01:36the way the what I'm explaining here will be completely out of the box sorry we'll be starting separate I will be
01:46separating this term try to understand I'll be separating this term in a very simple way you need to be very clear price and action my
01:56my main work as a trader is to find the action of price find the action of price that means for an example
02:07let's say we have a reference level here I'll come to the topic how to plot the reference level how to plot
02:14supply zone demand zone how to react how to understand the zone okay before that you need to understand
02:22let's say this is an x reference level now what is the work of this
02:28sorry you need to understand first of all why what has made you to mark this as a reference level
02:39that is more important okay what has made or what information you got from the past data
02:47that you are so confidently marking it as a reference level okay I am speaking in terms of reference level
02:56because for example if there is some pivot levels pivot levels is an reference level which plots
03:02pivot r1 r2 s1 s2 s3 r3 etc so this is a formula based on the formula of previous trading session data
03:12points it's get plotted okay so now try to understand pivot points is a pretty
03:19what I can say common levels which has been used nowadays but in other terms
03:28for an example if I am forgetting about pivot points I want raw data I want raw information
03:36straight away available I want the information from the charts that means what I'll be doing
03:42so my simple work I'll be parallelly shifting to the charts whiteboard I'll be not using any kind
03:48of fancy slide because here I don't want much of fancy slide here okay so try to understand point
03:54number one for example this trading session let's take an example of this trading session
03:58now my main focus of work is to first get data get reference level from prior days trading session
04:09because my let's assume market has not opened my work is to get data from any previous days trading
04:15session there is no rule which I personally follow I will only get information from previous
04:21trading session only 101 percent no okay so for example we can get reference level
04:28from various area various zones various levels for an example there is an option where you can
04:35zoom out the chart in understanding what is the action for a let's take an example here quickly
04:42this is previous days I okay P D H previous days I all of the reference level up below we can
04:50consider this as a pullback rejection because here you can see low low is shifting higher low is
04:58shifting higher okay so I can say this as an higher low formation and eyes are also shifting higher I can tell
05:07this as an higher I formation higher I higher I formation higher low higher low formation okay this is basic
05:15price action rule try to understand those who are not aware of basic price action for a price to move up
05:22it is not like it will be going to move in a straight line no price generally moves in this format if any upside
05:29with higher this is low higher low higher low low is shifting higher I's are also shifting higher
05:37this is a practical knowledge okay we cannot rarely we rarely see this kind of activity
05:45higher higher higher higher higher high formation when in terms of I'm speaking on a perspective of
05:51intraday trading only during trending days try to understand trending market one-sided directional market
05:58monthly we can see probably two or three times if the markets are volatile we can see four five
06:06trading sessions on a 22 trading session month that is the practical count we can consider if I'm taking a raw
06:15data of past 10 years five years forget about 10 years five to three years because current markets are changing
06:22it was not like markets were completely different before 2019 and markets are completely different post
06:302020 2021 markets activity for intraday is completely changed volatility has increased comparing to 2019
06:41and traders have become more and more of nowadays after 2020 there was one thing which is coming in
06:49fashion that is option selling straddle selling with percentage more option sellers looking at the
06:56back tested data over excited and jumping in towards the markets this is common happening because that is
07:01increasing kind of a volatility in the market so complete approach towards market has been changed a lot
07:08so in that case this typical action very rare but we can use it as an information first information from
07:18this previous trading session I will come to this area later from the previous trading session what is
07:23important what are all the information are we getting I will not cover everything in this initial video
07:30itself as the session goes I'll be covering one by one stage by stage I'll be coming back to the same
07:36example again in upcoming videos also but just with this simple chart without applying any kind of an advanced
07:46concept concept let's take the information which is visible to a common retail trader one is this previous day's I okay previous day's low two things and if I am going slightly in depth and just if I am trying to check slightly in depth let's take a first data point price was slowly trying to come down okay it's kind of an
08:12breaking breaking this low price and breaking this low price is trying to break this low
08:17but unable to sustain that is number one it is trying to reverse back up now very important
08:24the point to note this is the zone from which price was trying to reject okay price was trying to reject multiple times
08:33okay here i'm not using volumes here i'm not using volumes here i'm not using anything because
08:40every concept has its own advantage every technique every approach of price action has its own advantage
08:50okay but first let's understand one by one and then i will try to combine the things as the dry course goes on as the
09:00concept starts developing stage by stage i'll be increasing the level of understanding the charts
09:08it's a long process it will take some time here even to understand the concepts or to complete the entire
09:15stage of course okay so now what's happening let's let's understand this first only this previous trading
09:23session forget about the next market opening because let's assume this is the market we have no idea
09:28this is chart in front of us because assuming next day markets will open we don't know where it is opening
09:35what are all the basic data points we can gather or i personally gather okay point number one this is
09:44the where the price was multiple time trying to reject reject and reject okay so this is becoming very
09:50obvious obvious and then price made a down move not even able to sustain below the morning low near the breakdown
09:58immediately trying to reject back up okay and then price slowly went up moved up so this is a false breakout
10:07this is a false breakout here sellers have failed okay sellers have failed this is one area to be noted where sellers have
10:18have failed now price is moving up and one more down move and then an upside activity now try to understand
10:26this is the same zone which was acting as resistance somewhat forget about sellers were not strong it has end up as a failed auction okay
10:40but what happened here is this was acting as a resistance which later on this zone after this up move
10:49false breakout failed action sellers failed this same zone acted as resistance price continue trying to move up
10:58that means what is the information the resistance is turning into a support that means this is the area
11:07area where buyers are showing interest to push the price towards upside they are showing interest to push the price towards upside so this is an
11:21advantage and a zone for any upcoming session to track whether are the buyers
11:29buyers okay are the buyers on any other trading session upcoming day this zone i will be closely tracking any
11:41other trading session is the buyers again coming in price approaching the same zone again coming in price
11:50approaching the same zone why i am you choosing this area why i am focusing on this area is all about
11:56price consolidated price consolidated multiple resistance turned into support same zone the resistance which
12:04was acting turned into support i mean buyers activity as there try to understand in this market there are only
12:11two players forget about everything only two players in the market buyers and sellers so in this perspective of
12:18understanding this buyers and sellers that's the work of a trader okay no point in getting over exalted
12:29in understanding several concepts focus on one master that's the real intraday trading that is where the real
12:36profits will come into the picture okay this is how the basic way in which i'll be looking for the zone
12:44understanding what is happening i'll be explaining later on exactly like this i can find many zones on
12:51a single trading session but which zone i should give priority because i could see this also price
12:57trying to move up low is shifting higher again price trying to find a support here so can i consider
13:03this zone also this might be a question running in your mind can i consider this one because here buyers
13:09again came in close the market near desi here also buyers came in so for this session if i'm like this
13:15if i'm plotting i'll be getting many many many zones so i'll be confused if this is your question in your
13:21mind your question is exactly correct but as i mentioned first you need to understand how to plot the basic
13:31zones basic area basic zone of interest i call this as zone of interest so here this is buyer zone of
13:37interest buyer zone of interest okay rather than plotting a blind line telling price has made a double bottom
13:46so this is buyers came in no if you ask me i will not even consider this as much of a zone of interest
13:55because a normal trader will give more focus here only thinking it as an
14:01a double bottom formation because traders those who more trading in terms of price action their minds
14:10runs in only a simple way telling it as an this is double bottom most traders waste time searching for
14:19some fixed patterns no don't waste your time in finding fixed patterns try to understand the activity
14:27if you like let's try to and let's i'll even tell you one a simple way this is sellers price trying to
14:33reject here they have failed price made a down move not even sustaining on one candle next reversing back
14:41above the vvap immediately sustaining above the vvap on the same zone if the same sellers if they are
14:49despite failing if they are really stronger they would again came in they would again made an attempt to push
14:55price down or they would have again again made an attempt to stay or make the price to trade below
15:01the vvap this is what they would have done right i will tell you how i am telling this only this was
15:07the possible they would have done try to understand let's say let's say you are a seller you are the
15:14seller one of the seller let's say you have a huge capital i will not tell this much this crore or
15:2110 crore 20 crore 100 crore 200 crore 500 000 crore you have a huge capital okay you are group you are
15:28a group of trader or let's say you are a foreign investor you are an hni you are a big player okay
15:34you are a big player always think in a perspective of big player you are a big big player in the market
15:39market and you are trying to take this price action to understand what is happening for example
15:52you are a big player and your prices sellers are trying to defend let's say there are two
15:58big players are there one is some other trader and x is some other trader and the second one is u
16:04okay second one is u so first category traders are trying to defend this question multiple time
16:12okay and when the price is trying to move down here the sellers are not coming try to understand
16:17two perspective sellers are trying to come here but once price is dragging down in this zone the
16:24sellers are not coming in at any point of level or zone if for price let's say from price is starting
16:30to move down from here after this push at some point in this market there are both buyers and
16:37sellers at every price level there are both buyers and sellers then only the order gets executed
16:44you could see in an order book limit buy orders limit sale orders at every levels if price has to move
16:50down price has to tackle execute all these orders then only the price can move down but that means
16:57on every transaction that is both buyers and sellers are actively participating that means
17:02here in this action in this zone multiple time price was rejecting it is not like the buyers are not
17:08coming buyers were also coming that is the reason price was again and again and again and again trying
17:14to move up but ultimately sellers push the price towards downside right now think in a perspective price
17:22failed here price failed here price trying to move up what if let's assume you are one of the big player
17:28who are trying to accumulate who are trying to push the market towards upside what you will be doing
17:38what you will be doing point number one you will be not allowing the sellers you will be not allowing the
17:47sellers to push the price down first stage will be not allowing the sellers to push the price down and
17:54the second stage which is possible is you will allow the price to push down show some candle colors
18:04what candle colors sir show some red candle colors exactly from the same zone showing some red candle colors
18:13just true showing some red candle colors and after that there will be no follow-through price will
18:22ultimately reverse back up showing some candle colors this is second category is because to invite retail
18:29traders invite let you are you are expecting want to push the price up as you are a big player or any big
18:36player want to push the price up they will show red candle color invite retail traders to enter a trade
18:43in the bearish side and the bearish side and the big players will accumulate we retailers are more
18:50trying to short the big players will accumulate to fill all the quantities at lower levels because
18:56if you are buying at low and selling at high then only the profits can be made same fill the quantity and
19:02reverse back so possibilities are there here what is happening in terms of the possibility price same zone
19:11price is trying to move up and one more time and attempt from the sellers same zone is getting defended
19:18meaning the big players are not ready to even allow the sellers to come down here this is where the
19:29vwap will help a lot vwap is what is called this volume weighted average price this is always average price the
19:37last two words is important coverage price always plays an important role because why is more
19:43staying above the value volume weighted average price above the average price more the chance bulls can
19:51dominate price more trading and pushing price down rejecting and pushing price down towards downside more the
20:00chance the sellers can try to dominate okay here what is happening resistance turning into support price
20:07trying to take a defend from the same volume weighted zone and one more thing this is the upmo which has
20:13came in after the failed auction right this is one more concept that is called the midpoint concept
20:20this is the high this is the low okay 50 percent what is the high 40,864
20:3040,864 minus 40,474 390 points divided by 2 195 points right 40,864 minus 195
20:4440,669 to my midpoint is somewhere around where it is coming 40,669 try to understand this is where the real
20:56market understanding comes into picture what is this market understanding
21:03failed sellers buyers are trying to move up price is trying to move up and then if these buyers are
21:09really stronger is the really this resistance is turning into support how to identify until this
21:15price is staying more above the midpoint higher the chance the bulls can anytime come and dominate the
21:21sellers are really stronger what will be their minimum activity they will drag the price down start
21:27trading near the lower zone or near below the midpoint but here what is happening no price is
21:34trying to act as resistance same it is converting into support then rejecting slowly price is trying to
21:41reject when to trade where to trade that is different concepts but first you need to understand who is in
21:47control bulls are buyers buyers are sellers that is where you will be correct in your direction or
21:55minimum you will be not wrong taking or taking trade on the wrong side or planning the trade on the wrong
22:02side that is very important because most traders what they do search for where where can we enter
22:08where can we enter where can we enter where can we enter before searching for where can we enter first
22:14question is you need to have a clarity who is in control of the market whether buyers are controlled
22:20whether sellers are controlled or both are in a not controlled mode why when when the my price is
22:27staying more sideways both are trying to defend buyers are coming from lower side sellers are coming
22:34from higher side both are not confidence that is where markets are confused this is a wait and watch period
22:41this is a wait and watch period other than this case who is in control that is our main my main work to
22:48identify when i am in front of the live market seeing the chart understanding the price behavior
22:56okay this is why this zone becomes more priority for me than this this is just a double bottom kind of a
23:03formation here those buyers who came in they are again trying to come in for a different that's it
23:07nothing special action but this action has a separate story separate involvement of price
23:15right here buyers automatically trying to defend respecting the midpoint not even ready to come below
23:20it more again trying to spend time above the viva more by spending time above the viva more it will
23:27create panic to all these sellers because as more the price moves up more losses will be coming in here
23:33they will be hitting their stop-loss at different levels more stop-loss hunting more up more panic for
23:41these late players for this breakout sellers okay this is where a basic understanding comes into picture
23:52whence you are seeing the chart the role the plan the rule reminds very basic very straightforward what
24:00when and how to react what to see when to see how to see what to plan how to plan and when to plan
24:12when to react and how to react these are all the answers you need to find from the chart okay this
24:20is where you will get more clarity and confident that next time when price is approaching the same zone
24:27if by any chance price is approaching the same zone this zone can be acting as your target levels
24:35point let's say if you are any short position from higher side this can be act as a target levels or
24:41if you are let's see where any short position or price is trying to come down you can search or see
24:47if the price coming back to the same zone is the price easily crossing this zone or price is
24:53defending here our price is causing making a pullback rejection
24:59this is my work next time when price is approaching the same zone to better understand if i am in my
25:05position if i am taking my bearish trade okay short side trade my job is to check this activity here
25:12first of all if my risk reward is favorable i'll be booking at this as a target point if i'm entered and
25:18risk reward is still there i can wait and see what is happening here what is the activity minimum for
25:24five ten minutes the price is easily crossing this zone what is the meaning of it straightforward these
25:34buyers are even though they are they might try to come but the price which is crossing here these
25:40sellers are way far stronger then means there is more down mode to come then if i am in my short side
25:48trade i can say that i will be waiting more because market is telling me there is more downside more
25:55profits is there still in this trade if i am not taking a trade if i'm planning any trade then i can see
26:01if this zone is crossing what is the activity any rejection any breakout then i can use it as my
26:08opportunity this is in the perspective i will be looking at markets this will make me
26:16if price is entering inside this yesterday's rain by any chance my first focus will be here this zone
26:22i'll be giving importance and second importance will be this why because this is where some buyers
26:28have came in if this easily cross no problem by any chance if price is rotating around here struggling
26:36to move up okay struggling to move up then i will consider these buyers as weaker next price is getting
26:45ready to push towards this zone try to understand price moves down until they find a strong sell buyers
26:54or strong buying zone or strong selling zone this is how it works here if the buyers are not ready to
27:04come next price will automatically slowly push towards the next buyers interested area buyers more
27:13participated area this is how the price action works in practical real-time intraday trading nothing like
27:22book knowledge you are fixed with your mind you should be flexible minded not as stubborn fixed the mind
27:29fixed mindset is always searching for some pattern searching for some rejection searching for some candle only
27:36but flexible mind is ready to see activity at various area to identify to understand what is the raw
27:45information for the buyers and sellers what the bullish traders bearish traders buyers sellers big players are what they are doing
27:56okay so this is the first stage of your practice so now what i will do i will give you a simple exercise
28:03what i will be doing before going on to the next video do this exercise so far what i have discussed
28:09watch this video minimum two to three times and whatever you have understood whatever the key
28:17points which you can note it down note down all the points in a point one two three four five six seven eight
28:24kind of a number write it down in a white paper and open some other bank mifty or mifty chart on a five
28:33minute time frame try to understand on any trading session is these kind of points which i have shared
28:41am i are you able to find it okay if you are not finding it move to some other chart move to some
28:49other day's chart if you are not finding it move to some other day's chart because this is very basic
28:54approach or i can say an a foundation approach not a basic foundation approach okay so whatever in
29:00whichever chart you are able to find out try to make sure do it as an exercise two option one use it
29:08do it better way is to record a video and speak the way i am speaking because then only you will learn
29:16learn record the video record the screen your laptop screen nowadays many free tools are available to
29:23record you can cross check it to record the video if you are not finding the free tool to record let me
29:29know i will tell you some tools record it speak use this epic pen tool just download this epic pen tool
29:35where you can write it down in the chart mark it write it understand and make it a video minimum video
29:44will be better do this exercise minimum 510 chart and share with me do this this is a first task okay
29:53because this is not about a normal course or normal video where i'll be continuously speaking the content
29:59and that's it you are not you are confused okay what was the first content in the video first video
30:06content what was the 10th video content you will be completely confused don't be in a confused stage
30:11because more you are confused even after watching all the videos still you will be doing the same mistake
30:16better every video do it exercise point it down because if you are more serious you will be
30:23definitely doing this exercise i'll be telling you honestly and point number two is if you are
30:28not much comfortable on the video format minimum take a screenshot of the chart write it down mark the
30:35zone write it down here because write it down here because if you're using even the free trading
30:41platform there is a text option you can write it down whatever you want okay write it down and you can
30:47take a screenshot of it even trading view free platform will give you the screenshot top right
30:51corner you can see the screenshot voila option you can write it down take a screenshot and you can
30:58share with me okay once you just click it save the chart image it will get a screenshot just share the
31:03image okay you will you do this option better video option will be more better take a short shot video
31:10small small video it will be more better chart format if you are not comfortable fine because video format
31:15what will happen is you will be speaking to yourself you will be feeding to your brain that okay this is
31:20happening what i am automatically your brain brain is so powerful it will automatically tell you a
31:28question okay this was the mistake which was doing last time here i was making some mistake last time
31:33brain are super powerful memory to store many things okay do this drill and just try to
31:40whatsapp me or message on the telegram share the exercise result then move forward to the next part
31:49next video before that don't waste time in moving forward first do this drill and then move forward if
31:56you are serious to make serious money in the trading definitely you'll be doing this task hoping i'll be
32:01getting all the tasks as per all the exercise you'll be doing it and you'll be sharing with me okay
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