The Traders to whom I consider as my Mentor, My Guru he always try to find where people get trapped for entries.
Today’s Nifty Future Price Action was nice Example of how people get Trapped and that gives one of the Best Entries with lowest risk and on EDGE.
Lets go directly to the Chart.
- Nifty 8900 was Previous Swing low which was the ARZ level we identified and posted before markets in Our Telgram Channel.
- We also Put 8946 as ARZ and most of those levels we have marked in charts Posted Earlier.
- We also had the referance level of 8894 which we posted in our Channel which was the Correction Minimum Cap as per our article Posted Yesterday.
- Now we see what happened in below chart how FIIs/SMART Money/BIG Players/Institutions trap people on opposite side.
Now see above Nifty Future Chart which is itself very clear …
- Nifty Future Came Below that swing level of 8901 which they held till 1 PM . Now we look at the Price Action happened there.
- They took Prices So sharply down below that swing low that it made two possible things. (1) Breakout Souls (these guys are always bread and butter for People Like Me) enter shorts there as they think looking at the sharp falling Price Action that now its going to tank the Nifty Future. So they fresh shorted there. (2) Here those guys who were holding intra longs from morning would most have SL’s below that Juicy level of 8900 and of course Big Boys know that, and those SLs got hit there.
- So both things (1) Fresh Shorts and (2) SLs hitting made it big volume there which we can see on Chart Clearly at No2 point which was whooping 3Lakh Plus on one minute. (So huge na?) , here people got Trapped
- Now what next for those who Bought these big Quantity? Who are they? Of course they are nothing but what we call SMART MONEY/FIIs/Institutions. They bought from those Trapped People and you can see what happened next.
Thats all….. I feel this will help you guys.
Of course for finding such entries one doesnt need any High Paid/Fancy Softwares. One can see such things on Simple Price Action Charts.
Just Follow Price Action Trading, its simple and easy to understand.
If you have any view can comment below, Do share/Retweet/Like this Post
Chart Updates on Telegram Channel :-
Nifty And Banknifty Turning Points (ARZ)
Till then Happy Trading……..
For Further Reading,
3 comments:
Nicely Done Sam :)
Thanks
Thanks Sam nice explanation of move
Post a Comment
Your Comments and Few words helps me in DOING BETTER WORK.
Thanks