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Price Action Domination Strategy

This document outlines a price action based trading strategy. It recommends analyzing the previous day's market strength by whether the market closed near its high or low. The best days to buy are when the previous day was bullish and the market opens with a gap down, while the best days to sell are when the previous day was bearish and the market opens with a gap up. The strategy also involves observing intraday market behavior to create a range defined by support and resistance, and looking for buy-side trades when the market sustains at resistance or sell-side trades when it sustains at support.

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Rakesh Pandey
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19 views1 page

Price Action Domination Strategy

This document outlines a price action based trading strategy. It recommends analyzing the previous day's market strength by whether the market closed near its high or low. The best days to buy are when the previous day was bullish and the market opens with a gap down, while the best days to sell are when the previous day was bearish and the market opens with a gap up. The strategy also involves observing intraday market behavior to create a range defined by support and resistance, and looking for buy-side trades when the market sustains at resistance or sell-side trades when it sustains at support.

Uploaded by

Rakesh Pandey
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Price Action Based Strategy

D0MINATION STRATEGY
Intraday Market strength / view analysis.
• If previous day market has closed near low of day then it is considers as week.
• If previous day market has closed near high of day then it is considers as Strong.
• Best day to buy is when market was bullish prev day and market has opened gap down.
• Best day to sell is when market was bearish prev day and market has opened gap up.
• When market opens we should adjust our view based on intraday market
behaviour/observation/performance .
• Create range , by marking intraday support & resistance. Do not predict the market.
• If market is sustaining at resistance then , try to find buy side trade.
• If market is sustaining at support then , try to find sell side trade

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