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If you are intraday trader or swing trader then there are some location where you should focus, these area price action most important as it's give high probability trades and good risk reward.
Most of Intraday system works around them even simple to complex.
Most of Intraday system works around them even simple to complex.
You should always mark these zone in your chart.
1. Previous day High, Low and Close (PDH, PDL & PDC).
2. High and Low formation of current Day.
3. Major Swing High and Low.
4. Vwap Closing (or HVN high volume node of yesterday).
5. Big Round Number.
6. First hour Range
7. VWAP
1. Previous day High, Low and Close (PDH, PDL & PDC).
2. High and Low formation of current Day.
3. Major Swing High and Low.
4. Vwap Closing (or HVN high volume node of yesterday).
5. Big Round Number.
6. First hour Range
7. VWAP
1. Always stay sideways 2 bullish above PDC, if script sustain above PDH then Bullish. Basic Trend following system if price not stuck in Range. U can adopt simple system.
2. Current Day high/low mostly keep testing & form double top/bottom which either break with vol. Or fail.
2. Current Day high/low mostly keep testing & form double top/bottom which either break with vol. Or fail.
Which give perfect reversal pattern in range market.
3. Whenever market trend its tag always previous imp swing pivot (high/low), it can be use as target and also sustain sometimes reversal mostly swing low side.
3. Whenever market trend its tag always previous imp swing pivot (high/low), it can be use as target and also sustain sometimes reversal mostly swing low side.
4. Vwap close mostly show yesterday level where balance of bulls/bears, & above or below simply u can say its in bull in control or bear. Mostly swing players keep protecting such level.
Also hvn is same form which show previous day value formation just like small consolidation.
Also hvn is same form which show previous day value formation just like small consolidation.
Which can be accumulation or distribution.
5. bigger the round no. Bigger the oi formation in Option chain like 500 round biggest oi and rest 100 round in nifty or banknifty. These levels importantly watching by data analyst. And give sometimes good opportunity if any Unwinding.
5. bigger the round no. Bigger the oi formation in Option chain like 500 round biggest oi and rest 100 round in nifty or banknifty. These levels importantly watching by data analyst. And give sometimes good opportunity if any Unwinding.
6. Mostly first hour formation is fight of opening and different perspective players, when no one strong price mostly trade in such zone, once one player givenup price start moving in that direction.
7. Vwap is best intraday indicator which tell the balance of current day players Interest, and best low risk entry for bulls n bears of the day. Already written about in thread, plz check it.
Thanks! Happy Weekend
Thanks! Happy Weekend
