Scribd Logo
Upload

Welcome to Scribd!

  • 111 views

    Price Action I Edited

    Uploaded by

    Sudip Brahmachary
    1) The document provides an agenda for a price action trading session that includes understanding candlestick formations, using charts to analyze price action, practical implications of incorporating price action into trading, and key takeaways. 2) It discusses the basics of candlestick formations like bullish and bearish candles and how they represent buying and selling pressure. 3) Price charts are introduced as an aggregation of candlesticks over a selected time frame that shows market movement and different phases like uptrends, downtrends, and consolidations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Price Action I Edited

    Uploaded by

    Sudip Brahmachary
    111 views27 pages
    1) The document provides an agenda for a price action trading session that includes understanding candlestick formations, using charts to analyze price action, practical implications of incorporating price action into trading, and key takeaways. 2) It discusses the basics of candlestick formations like bullish and bearish candles and how they represent buying and selling pressure. 3) Price charts are introduced as an aggregation of candlesticks over a selected time frame that shows market movement and different phases like uptrends, downtrends, and consolidations.

    Original Title

    Price action i edited

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1) The document provides an agenda for a price action trading session that includes understanding candlestick formations, using charts to analyze price action, practical implications of incorporating price action into trading, and key takeaways. 2) It discusses the basics of candlestick formations like bullish and bearish candles and how they represent buying and selling pressure. 3) Price charts are introduced as an aggregation of candlesticks over a selected time frame that shows market movement and different phases like uptrends, downtrends, and consolidations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    111 views27 pages

    Price Action I Edited

    Uploaded by

    Sudip Brahmachary
    1) The document provides an agenda for a price action trading session that includes understanding candlestick formations, using charts to analyze price action, practical implications of incorporating price action into trading, and key takeaways. 2) It discusses the basics of candlestick formations like bullish and bearish candles and how they represent buying and selling pressure. 3) Price charts are introduced as an aggregation of candlesticks over a selected time frame that shows market movement and different phases like uptrends, downtrends, and consolidations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 27

    PRICE ACTION SESSION I

    Your Key To Your Financial Freedom

    http://www.free-powerpoint-templates-design.com
    Today’s Agenda
    01 THE CANDLE STICK
    Understanding the basics of a candlestick and how are they
    formed.

    02 Charts
    Understanding price action with the help of charts

    03 Practical Implications
    See how we can use price action in real life

    04 Key Takeaways
    The Average Trader Story
    IT ALL STARTED WITH A DREAM  Only 20% will be
    active after 2
    “Hope Is A Good Thing, Maybe The  Only 20% will be years
    Best Of Things, And No Good Thing active after 2 years
    Ever Dies.” – The Shawshank
    Redemption  Off them only 60%
    will continuously
    trade, in the 2nd
    Month

     All Traders Begin


    With A Dream to get
    Rich
    But Why The Stock Market?

    Free Entry Easy Get Rich


    There is not legal Almost everybody
    hindrance to anyone thinks that the stock
    wishing to enter the market is the quickest
    stock market. way to get rich.

    Perception Easy Money Peer Pressure


    People perceive stock Everybody perceives Easily gets attracted
    market in a different stock market gives you with success seen
    way, than it actually is easy, phenomenal within friend community
    returns.
    JOURNEY TO THE TOP
    20%
    Step 1 – The Candlestick
    THE BEARISH CANDLE.
    • Forms when the price opens at a particular level and then closes below
    the opening price
    • Represents selling pressure
    • Bears are in control

    THE BULLISH CANDLE.


    • Forms, when the price opens at a particular level and then closes above
    the opening price.
    • Represents buying pressure
    • Bulls are in control
    Candlestick Glossary

    1
    3
    5
    6
    BUY SELL
    Candlestick Glossary

    1
    3
    5
    6
    BUY SELL
    JOURNEY TO THE TOP
    20%
    Step 2 – The Chart
    The Chart
    Every Candle Has A Story Of It’s Own

    THE An agglomeration of
    candlesticks for a selected
    CHART
    Features
    time frame is a chart.

    SELL
    Of charts
    BUY
     Forms with an agglomeration
    SELL of candlesticks
     Each candlestick is formed
    after a particular time interval
    A market can be  Shows the movement in the
    BUY in 3 phases in market over a period of time
    the chart  Higher timeframes filter out
    Uptrend | Downtrend |
    noises
    Consolidation.
    The Emotional Cycle

    • The market doesn’t bend to your


    will.
    • The market doesn’t care for your Never Every Try To Out Smart
    As the market moves in swings so does your emotional
    view. The Market, The Market Can Be
    • The market doesn’t respect your IQ
    balance. From optimism to fear to hasty decisions to Wrong For A Longer Period
    or qualifications. depression to hope to again optimism Than You Can Be Solvent
    • The market doesn’t owe you
    anything.
    • The market is bigger than any one
    person.
    The Emotional Cycle

    1
    3
    5
    6
    Support and Resistance

    1
    3
    5
    6
    Support and Resistance

    1
    3
    5
    6
    Support &
    Resistance
    Major and Minor
    Support and Resistance
    Chart Glossary

    1
    3
    5
    6
    Chart Glossary

    1
    3
    5
    6
    Chart Glossary

    1
    3
    5
    6
    Chart Glossary

    1
    3
    5
    6
    Chart Glossary

    1
    3
    5
    6
    Chart Glossary

    1
    3
    5
    6
    Trading Timeframes
    JOURNEY TO THE TOP
    20%
    Step 3 – The Practical – Live Examples
    JOURNEY TO THE TOP
    20%
    Step 4 – Key Takeaways
    Why Have a Trading Plan?

    1. It Keeps you in the right


    direction Education

    2. Trading is a business

    Practice Discipline
    3. Successful Business
    always have a plan
    Always Remember
    Thank You
    See you in session 2

    You might also like