Advance Price Action Trading with Demand Supply & More

[vikki_trader]

@AlphaT , Today I saw Pin & Engulf in Axis bank 15min chart. Are my zone markings & RR areas correct. Also I see the SZ is respected on FTB, later it got broken almost. Probably if I shorted in the marked SZ, but missed to close on the FTB candle itself, I might got the SL hit during the end of the day. Please share your thoughts.

 

[coolieno1]

Please share your thoughts on my understanding on crude oil futures zone

 

[Sanat]

BANKNIFTY 1 min QM DZ

 

[Sanat]

BANKNIFTY 1 min ERC (FTR) SZ

 

[Sanat]

BANKNIFTY 1 min ERC (FTR) SZ

 

[Sanat]

BANKNIFTY 1 min CAP SZ

 

[vikki_trader]

@AlphaT , I have marked Pin & engulf SZ in Bajaj finance 5min, Hdfc bank 5min & DZ in Reliance 5min. Please confirm if the zone markings are correct.

 

[AlphaT]

@AlphaT , I have marked Pin & engulf SZ in Bajaj finance 5min, Hdfc bank 5min & DZ in Reliance 5min. Please confirm if the zone markings are correct. View attachment 41879 View attachment 41880 View attachment 41881

This is not the kind of Pin candles that we want for this strategy. We want bigger Pin candles that signify strong & sharp takeoff for the area. Looks for Pin candles that standout from the crowd!

 

[AlphaT]

BANKNIFTY 1 min ERC (FTR) SZ

Aahh! This is not the kind of FTR/ERC zones that we want to trade! If you qualify FTR/ERC with this kind of L1, L2 or H1, H2 framework then all swing low zones or swing high zones in a uptrend or downtrend would start getting qualified as FTR/ERC zones! This is heavy dilution of the ERC/FTR concept!

 

[AlphaT]

BANKNIFTY 1 min QM DZ

This is incorrect! The H-HH-L-LL markings do not qualify this as a QM DZ.