Thursday, 17 September 2015

Buy Range Low

I am presenting here a small video to demonstrate how to buy at the Range Low using price action with the help of DPs and ranges.  I have only demonstrated an example to buy Range Low and not selling the Range High as there was no good setup per the system.

It is always better to look and find the area which can probably act as Range Low and try to buy there for maximum reward.  The same is also true for selling at Range High.

Click here to watch the video.




10 comments:

  1. Sir, I did the same thing yesterday but exited soon at FTA. Was space/ RR not an issue while entering the first trade when 2 DP above (PDH & BRN )? I went long since market had broken the 7870 which was a resistance since few days (higher time frame range high) as well as considering order flow. Thanks.

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    1. It was an issue, but so what. You enter at or close to lows and look to book at FTA or enter after the FTA is broken. I would prefer the former if there is a good setup.

      URD

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  2. Thanks Uday,
    Very well done. Explains concept perfectly.

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  3. Thanks Davji.Excellent.

    Regards,

    Veer

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  4. Xcellent stuff URD. This 10-mins video explained the whole concept. Want more of such videos on different topics. Thanks a lot. Cheers.

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  5. Thanks a lot URD. This video made my day !

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  6. Hi Dave,

    Excellent demonstration of the concept "Buy at range low & sell at range high", for doing this we should know the trend before entering. I request you to make video demonstration for identifying intra-day/day/immediate trend.

    Thanks you once again.

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    Replies
    1. Feel the nifty

      Thanks. It is actually very easy to identify the ongoing trend per our system. We use daily micro trend for Big picture trend and then we look whether the prices are trading above or below the DP, or above or below the range for ongoing trend. It will test our skills only when there are conflicting signals, like daily micro in rally mode but the prices are breaking below DP or range.
      Anyway I will try to do that whenever the time permits me.

      URD

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  7. Wonderful Stuff Dave sir... it will be great gift to trader community, if you can bring ST sir concepts into video formats like this :)
    BTW which software you are using for replay? Do we have FREE real time 3M charts available any where.. Meta Trader is no longer giving future charts i guess.

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    Replies
    1. Thanks Rose

      Yeah, I have been trying to put the concepts in such a way that it is easier for others to understand it better. Will continue doing it.
      I have started using the charting tool from icharts. It costs me around Rs. 900 per month.

      URD

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