The Current set up looks like bullish , but you don't know if it reverses , because the Zone is important reversal Zone in the past history , so I'm planning to enter only Close above 896 with stop 883 for target of 906/914 but I really feel its not that good set up for Naked Price action trader , it may seem good for others but surly not for me but I will take little risk lets see what happens on Monday Cheers
Trade closed: target reached
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Risky trade brought me a bottle of whiskey Cheers
Comments
SaikiranGarapati
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Hi I amnew to Share market and Technical Analysis, What is Naked Price Action Trader? Is it a Process or Methodology of doing a Trading,if it yes,Can u explain me how to do that and Pro's and Cons of that?
Thank You.
SaikiranGarapati
shiv2798
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@SaikiranGarapati, sir Naked price action trading is nothing but pure price action trading with information using from formation of candles stick ,most people depends on indicators, but indicators are lagging information tools,they will inform after setup is formed and they completely depends on candles stick price , lots of time indicators give false information,because of Ranging trend, so when indicators itself depends on price action, its better to understand current market behaviour with price action formed by candles stick
It's easiest way to understand , make profit , but needs lots of patience
Please go through some videos or books available in net for free , so if you can able to catch essence then no other information or news or consultant for tips in stock market is required
Trust only when you view price behaviour s
Best regards
Shivakumar
SaikiranGarapati
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@shiv2798, Thanks for the reply. Do you have any reliable websites or Pdfs? If you have please share it to me..
shiv2798
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@SaikiranGarapati, please send me test email to tech.valerian@gmail.com I will send you pdf book for your reference
Regards
Shivakumar
Thank You.
SaikiranGarapati