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Category Archives: Price action Technical analysis

Bank Nifty price action analysis

BANK NIFTY – LONG TERM PRICE ACTION ANALYSIS

By Trading Predator October 27th, 2015 2 Comments

More fundamental reasons support these choppy price action,Year end is just couple of months away. We had no more or less activity in October. DESCRIPTION – TECHNICAL ANALYSIS As you can see the chart, Bank Nifty is trading around potential resistance zone, which is between 17800- 18000. It is a Key level which might provide

Simplyfying

SIMPLIFYING PRICE ACTION ANALYSIS

By Trading Predator October 7th, 2015 No Comments

From a layman’s perspective, Price action may seem like an indirect strategy without boundaries or proper steps. This is due to the fact, Price action is a methodological mindset and relies on trader’s intuitive analysis, instead of Lagging indicators and their useless signals. Price action trader is a master in chart reading. But for beginners,

philosophy1

WHY CYCLICAL TECHNIQUES SUCH AS ELLIOT WAVES ARE USELESS?

By Trading Predator March 9th, 2015 No Comments

All right, its time to tackle some important questions and controversies. Do cycles exist in financial markets? Even if they exist, can we trade them profitably? Perhaps it’s often debated only on first scale and completely ignored on second scale basis. Let me take a dip into the topic and some insights alongside. Do cycles

Chart Patterns are useless to trade

CHART PATTERNS ARE NOT PROFITABLE TO TRADE

By Trading Predator February 2nd, 2015 No Comments

Today let me stir a bit on Chart patterns and why the so-called “Chart Patterns” are useless to make money. Before doing so I would like to warn the average reader that chart patterns are useful only if you’re making money out of it or else throw them away.. Actual evidence is against trading chart

Tops and bottoms using price action

PICKING TOPS AND BOTTOMS IN TRADING

By Trading Predator December 27th, 2014 No Comments

“Paul Tudor Jones once said “I believe the best Money is at the market turns, Everyone says you get killed trying to pick tops and bottoms-Well for 12 years ,I have missed the meat (Trend)in the middle but, I have made lot of money at tops and bottoms” Paul Tudor Jones is an aggressive player,