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Intraday price action trading on NSE India (YESBANK)
I am day trader & am trading indian market from past 3 years using price action trading which is called acceptance rejection technique at crucial/proven/important level. I mostly trade equity yesbank & occasionally nifty future.
I will post the charts which i have traded by eod.
trading TF is 5min for yesbank & 3min for nifty future
Some of the key words used in charts are
IRL - Initial range low
IRH - Initial range high
RH - Range high
RL - Range low
PDH - Previous day high
PDL - Previous day Low
DO - Day open
BOF - Breakout failure
BPB - Breakout pullback
BO - Breakout
P.S : This method is developed by SMART trader, I just modified it as per my requirement.
Can you help answer these questions from other members on NexusFi?
As you can see in the chart I did only 1 trade & it moved well. In the morning i missed the sell trade which is BOF of range high at that point of time i was bullish becoz of trend gap up & looking to take BPB trade @ RH so took late entry.
