- 2 days ago
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00:00Let's take few more examples now. Let's understand. We are speaking about more discussing about one concept that is zones. Okay, so we'll take one step forward in understanding the zones, not only not levels, zones in which the price reaction. But let's take an example of the markets were sideways. What happens if none of the zones price much trader around those same levels?
00:27Let's see if the zones are wider enough. For example, let's take an example of a sideways action, a sideways market. A day like this, the markets were more trying to move up, coming back to VWAP, moving up, down in a tight range, probably in the first 30 minutes. Range price is more trying to stay in a sideways action.
00:47First of all, what I'll be doing is, I'll be taking the previous day's simple I volume area. My focus is only on I volume area. So here, you could see one important aspect which has been developing.
01:04This is the one zone where the volumes were high. After that, this was second, one more zone here where the volumes were slightly higher. These are the two zones and all other zones are far away.
01:19Okay. So my main focus, I'll be straight away trying to plot these two zones as my prior priority or I will give more importance. Okay, for example, this is the area which I'll be plotting here.
01:35Okay. This is one typical zone which I will be plotting for this trading session. Okay, this area has been plotted here but price not even came to the zone. So one more area or zone I'll be giving importance will be this one.
02:05Okay. Because I'll tell you why I am selecting this zone. Okay. Why I am selecting this area where the volumes are not so great. But now try to understand one factor which is important. The highest volume area is somewhere here. This is one. And this is the second highest volume which has been plotted on this trading session at this zone.
02:31And this is the third. And this is the third highest volume which has been plotted on this trading particular session. So I am taking this. Already price not even came to the zone. Forget about price coming to the zone on this trading session.
02:47So my nearest zone coming around is this one. This is where I'll be focusing more to understand what is the price, how the markets are reacting, how the prices are reacting here.
03:01So now what happened is morning price trying to quickly move down again a big bearish candle. So this might be looking small candle. But the candle range is almost 450 points candle range on a five minute time frame of bank 50.
03:18This candle this candle. The red one is 400. Because I have zoomed out the chart to show you more clearly. That is the reason I have zoomed out the chart. So this is the zone where I'll be focusing here.
03:33So now what is my main work here sir. What is my main work is to understand first of all.
03:39This was a quick spike on the downside. This is the budget even day and already price immediately quickly rejected here. So somewhere I can tell you this at this juncture the buyers or I can tell you some bullish players were trying to come to push the price.
04:01The aggressive fall. What I can call as a quick fall and quick reversal came in. So there is some buyers who are there. Those who try to came in in this lower levels and reverse the price towards upside.
04:16So now lower level one information is buyers are there. Whether they are strong or not we cannot decide yet because it was very quick. If you have been tracking this during the live market you could have seen it was just quick.
04:32In less than one or two minutes price reverse backed up. So it was very freaky quick move. So we cannot decide whether the buyers were so strong or not.
04:42Or more volumes would have been traded or more volumes would have generally not been traded. You could see this the volume band is nothing. Almost very very lowest we cannot even see this yellow bar parallelly coming in. Very lowest very thin volume area.
04:57Very very thin volume area which has been created here. But with this I could see if the hazard is thin area if I am moving further on. This is the zone from which price aggressively rejected
05:10and then made an upside move. So this area what I will still consider as a kind of an buyers interested zone only.
05:20That is what I will be considering. So for now
05:23I will be taking this zone now. As I am considering this as a buyers interested area I need to see
05:31is there any volume high volume development. For that again I need to plot this area
05:36from 9.15 to 3.25. If I am trying to plot this area
05:43this is one high volume area
05:46this is sorry this is the first high volume area
05:48second high volume area and you could see some
05:50more volumes are there in this zones also.
05:53So I will be considering this as my third volume area
05:58because this one of the high volume area which got tested on the session
06:05and price some action was there 10-15 minute action was there.
06:10So here you can ask me a question sir this area was also got tested.
06:13Why are we considering? Why are you considering? Try to understand sir.
06:17What happened in this zone? Price was very quick in kind of very freak.
06:22If I have seen this in the live market you would have evidence it in just a one or two minutes.
06:26Probably not even two minutes sustained here. Price was so much in towards the freak activity.
06:32That is the reason there is no much volumes here.
06:34So that is the reason I will be carry forwarding this zone
06:37as one of the important level which I will be more interested to track.
06:42Same thing I have done it on the live market also.
06:45You could see levels which I have been sharing on the free telegram channel.
06:49This probably this will be the exact almost equivalent area I would have shared with you traders.
06:55You can cross check it if you have wanted.
06:57You can cross check it. You will get better understanding.
07:00Same area.
07:03Okay so these are the three volume zones which I will be concentrating.
07:08That means automatically when this three volume is spotted price not came this zone.
07:13Price yes it has came but it was very quick span price reversing back up.
07:17There is no much time plus if I am waiting for the candle to close then obviously the candle high and low is 450 points.
07:26That is not so minimum 1 is to 1 the upside move 450 points is possible beyond this high
07:32because I try to understand after this area this is fully aggressively dominated by this cellless.
07:39Okay plus from this point till here there is one more zone one more volume development area is there so risk to reward is not much favorable to say that the price is clearly aggressively reversing to make use of it as a reversal opportunity because of bigger stop loss.
07:59So it is 450 points candle range is 450 points for intraday I do not think it is much comfortable even with the zones are not even favorable for 1 is to 1 until 1 is to 1 if there is someone to disturb I will be not much aggressively planning or taking my trades.
08:24Okay but yes I have taken one trade on this trading session also in front of the traders in the market session I have done it what price rejecting here fine enough price was just trying to make a big formation suddenly again trying to move up but once this price approaching to this area just see the reaction.
08:45Right price trying to cross this area not a good close an inside bar and an immediate rejection right to understand give importance to this immediate rejection and after that what's happening here sir after that what's the action which was developing here this is the high and low if I'm just plotting the midpoint of the candle why I am focusing here on this candle to plot the midpoint right to understand this is zone
09:13So if when the price when the price is approaching the zone either it can chances of crossing the zone is point number one opportunities are there where the zones can be crossed or it can be rejected or the price will start rotating around it or above it when price is trying to move from the lower levels it can cross reject overlap or it can start trading above it.
09:37These are the four possibly these are the four possibilities if you if you ask me or it will cross and fail back okay five I can take this as a five possible opportunity which is aggressivier in this in this five which can be aggressive price crossing can be aggressive price rejecting can be aggressive or if it is turning into a failed breakout aggressively reversal these three can be aggressive if it is overlapping
10:06then it is taking some time then it is overlapping then it is overlapping then also it is taking some time because price is overlapping okay so aggressiveness what is happening here I can see some aggressiveness price is rejecting this appu which was coming in was just aggressively trying to reverse back almost two previous of previous low is also getting based continuous series of two previous low and previous of previous low is also getting
10:36reached reached here so that is reached here so that is reached here so that is reached here so that is reached here so that is close is also below it there is some aggression is there that is reason I am considering in this zone aggression coming in I will take this as a midpoint that is plan of action what is midpoint concept telling us sir until clearly telling until midpoint concept what it is telling us until price is not ready to trade about it there is no possibility or chances are very less the buyers can come and push the price up here look at what is happening here
11:06price is next candle price is next candle straight away trying to move down and then as the price is still above the VWAP I cannot straight away jump in for any kind of bearish trade why I will tell you from my experience
11:19price or market generally there are days VWAP has been respected so much price how many ever time comes near to the VWAP from the downside or from the upside it will get respected there are many days I have seen it so never ever underestimate VWAP this is a very hard lesson I have learned from my almost 7-8 years of trading experience
11:49never ever ever underestimate VWAP okay this is important so now as the price is staying above the VWAP there is a chance the buyers can come in also these morning buyers can come in for a difference so now need to see what's the action price trying to move up again rejecting from this zone also midpoint is also same rejecting from the trying to reject from the midpoint I will not tell it is rejecting but it is trying its best to reject
12:19again again you can see here one more time price is trying to make an attempt again trying to reject one more reject one more attempt can you see this if I would have seen you told you one concept if price is trying to move up
12:34by any chance if any chance if it were to continue what is the possibility sir this is the midpoint let's assume this is the midpoint either it will go into sideways if there is any opposite players and then if the buyers are stronger they will try to continue the move towards upside
12:54okay same the midpoint is respected and price is consolidating by any chance if any opposite players are there if in this consolidation buyers are not coming then price has a good chance to make an attempt towards downside just simple exact scenario I have followed in front of traders during the live market session what was happening sir there was multiple attempts
13:20bulls bulls add so much time almost 10 20 30 minutes 6 candles 30 minutes time to reverse the price and minimum they would have good chance to start trading inside this zone
13:33but no they were not even ready to go inside this zone they were not even ready to start trading above the midpoint this is where I took this as my opportunity to plan this as my
13:45bearish trade what I will tell you here as the candle range high and low this candle range is almost 280 points candle range I have not captured everything here was planning and taking a bearish trade somewhere here
14:00if I precisely want to say I have taken this trade here at this location I have planned my short sight trade with SL placed probably here this was my SL I have placed not in this candle eye because
14:14after I have taken after I have taken the got my triggered order triggered price reversed this eye was later it has made and then the price reversed back so now this is very important because if the aftermarket is there I could see sir price I would have taken a shot below this place top loss above on price rally no this is truly storytelling but practically what happens after I have taken my entry price again made an attempt towards upside in this candle and later on it has reversed
14:42because why what has made me to take an exit try to understand these are aggressive buyers they can again come in for a defend I was just playing for the same activity price moving down consolidating struggling sellers are defending midpoint is not being crossed so these buyers who are trying to attempt they are not so much strong to even make the price
15:12price to make a candle close up inside this zone also forget about upside plus if I am plotting volumes just see this sir in this consolidation there are so many buyers who are attempting thinking the price is taking a support from VWAP but look at the volumes drop so volumes were so much dropping and sellers who are trying from higher level this zone is getting so much respected this is a kind of an high volume area all these are telling what sir I want as I mentioned I want minimum two
15:42clues in the clues in my favor one price rejecting from the zone aggressively that gives me end that sellers are trying prices respecting the midpoint so I can say that sellers are there so first confirmation second after so many attempt from the buyers for almost 30 minute price was clearly below above the VWAP and there was clear attempt from these morning buyers but they were not so strong to even push the price
16:12above the price above the price above above above the box that is the zone this zone that means that means I have told you one thing price goes down until they find buyers price goes up until they find strong sellers. Same pattern same approach same rule.
16:31okay this is one more approach or one more technique which you traders can try using it
16:39because i have done it in front of you in the live sessions it has worked for me a lot okay
16:46so what has made me to take an exit here i will tell you one thing point number one is after my
16:52entry i almost on the future got 200 points in the option i personally have captured 148 points
16:59you can cross check on my twitter platform also and also in the live the video is there in the
17:05youtube channel you can check it i have shown my trade book 148 points i personally have captured
17:11made replies of the buy option buying i have done it why i have made an exit here try to understand
17:17i will tell you i will tell you price was moving up okay and i have clear idea there is aggressive
17:23buyers they can come in for a different i was just playing for this one aggressive down move one
17:30aggressive trap move this trade was purely trap move i will tell you what is this trap move
17:35all these buyers were late buyers low volume buyers more low volume buyers more struggling
17:42buyers means that is chances are more they can be the retail traders so if price goes down
17:48there is a chance of aggressive down move to trigger all these low volume bullish traders
17:57to trigger stop loss below vwap or different levels of vwap so my focus was this i was trying to move up
18:07there is a big formation one more dip and rejection so in this dip there was some again buyers who are
18:13coming in that is one reason price was trying to move up so plan of action was simple sir price trying
18:20to go back this is some buyers who are showing interest price was approaching this zone i was more
18:25comfortable that this is one more zone that the buyers who came in in the morning took a support from
18:33the vwap in the morning which is it might be the candlest kind of a doji candle but the follow
18:38who was on the upside only so this is one zone where the buyers were interested warning
18:44by engulfing the seller the morning sellers got engulfed that means this is some
18:51serious buyers who are showing interest this plan was just to take forward for the trap
18:57take benefit of the clear trap move and come out where the last time buyers came in that becomes my exit point
19:06i will tell you if from this point if the price would have further go down there is no regret for
19:12me because i'm checking the chart practically this is the zone by which the buyers had made an attempt
19:19on intraday on intraday itself straight away they are made in making an attempt that means there is some
19:26power they might come they cannot say they will come they might come and also this was my exit point
19:34after that as the price was moving up you might have a question so can we plan a bullish trend
19:38because you are saying that the buyers are coming in check the volumes price was moving up i agree but the
19:44volumes were dropping down volumes were very low compared with the morning mood
19:48or even just forget about the morning mood compared with this low confident buyers check that volume
19:56compared with those volumes that itself is lower volumes are lower there is not giving me any confidence
20:02with the strong buyers are coming in actually i made an exit that is different scenario but
20:07after that for bullish trade i'm not so much comfortable because the volumes were not there
20:11and also this was not any prior day high volume area there was no reference level here so
20:17i was not much interested in taking any action at this particular zone
20:23can you understand you need you can utilize this zone in various way first you need to understand
20:30what is happening who is in control buyers are sellers it's not like in just one day you'll be
20:36taking understanding it and next day morning you will be expert of it or making it you will take
20:41all decisions correctly you know why take some time this is where i will be giving you one thing
20:46here it is one more exercise same format plot this fixed volume profile look the zones of high
20:54volumes and understand the action and make a video videos again i repeat make a video format is more
21:00better and share with me by speaking the way i am speaking what's happening who is weaker who is
21:05stronger who is trying to take control don't tell me that that is the reason it is stronger
21:12bearish candle have you seen me speaking any word of any candle type bearish candle this candle that
21:19candle any other candle type no i am speaking in perspective of buyers and sellers i am not using
21:26any i am not fixed in my brain that this if this candle pattern come i will react in such a way
21:33candle pattern come i will react in such a way no candle pattern and all is a secondary first of all
21:39the priority is who is strong who is weak where is the zone what is the reaction who is in trying to
21:44take control what is the real picture which is going on what is the volume impact is there
21:49is there any other zone on the lower levels is there any reference levels on the lower levels
21:54these are the things which i want you to do on the exercise video format is way fine enough if you're
22:00not comfortable video format video format you need not to show your face nothing sir i need on the
22:05video only the chart screen recorded that's it nothing should be on the video format simple chart screen
22:12recording or if you're not comfortable minimum and screenshot screenshot format everything written
22:19in detail because now don't tell me sir we don't have option to write no point in finding any excuses
22:26this trading view free version as this text format if not i'm using this done broker platform it is a
22:32free platform where they provide trading view premium features you just message me on the whatsapp
22:38at twitter i will whatsapp telegram i will tell you the process to get this trading view premium tool
22:44immediately in probably one one day or in just few hours i will tell you the process to get it for a free
22:50okay stop finding any excuses start working on your trading skill that is where it will really help you
22:57a lot okay
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