On 25th May (expiry day), Nifty made long as per price action with very small stop loss. Nifty is still in long mode as long as it can stay above previous all time high.
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As of now, I am still long. I do not trade intraday. I trade swing/positional (average of 15-20 trades a month).
Carrying long with almost 180 points m2m profit. [Disclaimer: - this is not my recommendation, but just my own real position]
UnknownUnicorn646072
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please give some description about your post,that is why you long there for learning purpose
RT_NF
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@rupambose32, Just based on price action. NF opened and tried to go down but did not (despite bearish move previous day)
vanathi
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Looks very simple, but need lot of experience/expertise to find such entry points.
RT_NF
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@vanathi, I am always in the market (either short or long). I do not predict market and try to keep my mind unbiased. I have my own trading rules based on price action. I go with it (without any doubt). I was short from 22nd May from around 9427 in Nifty May series and got long from 25th May at 9425. I tried indicators early in my trading life (about 3 years ago) but moved on the pure price action.
vanathi
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@VikramSingh-ChartlessTrader, Have you learnt price action attending workshop/online training?
RT_NF
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@vanathi, I am lucky that I had a friend who was successful trader and acted as my mentor in my early trading life and so I learnt very fast (just had about 6-8 months of losing months - trying out many things before meeting him). Since then, I am just a pure price action trader. So, normally, I am in position before it shows up in indicators (as all indicators are derivatives of price and volume). I have won zerodha 60 day challenge 8 times using this only and am about to win 9th time. I do not intend to promote myself but, if interested to know more, then you can check my profile here: linkedin.com/in/vikramsingh72/ and my site here : vikrambsingh.wixsite.com/myfund
vanathi
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@VikramSingh-ChartlessTrader, I agree you are lucky. I am waiting for the exit point in this trade. Hope you will post it.
RT_NF
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@vanathi, I trail the trend (with no target). I share my own live trades in live market only with my students as part of their learning and then I explain the trading rule. I normally follow only 3 major trading rules (keeping my trading as simple as possible).