PRICE ACTION TRADING technical analysis simplified (make money with)

 introduction to price action trading.

price action :

the term price action refers to the prime movement which happens in any security in a given period of time.

Jesse Livermore  was one of the most significant practitioners of price action analysis. He was the one who invested price action trading in the 20th century.

the fundamental belief of price  action is that price never lies ,so price action methodology remove all the technical indicators and only basic price movement data is used to generate entry and exit signals for trade.

price action is one of the branches  or a part  of technical analysis which makes use of only the past and the current price to predict the future price movement of any security.

 

price action trading:

price action trading is also known as clean chart trading .price action trading takes place when you base your trading (buying and selling) on the price behavior of any security.

in Gujarati, there is a famous saying related to the stock market which is the  essence of price action trading Bhav Bhagwan  means price is supreme.

price action trader on  what has happened and what is happing in the market  as opposed to why it is happening .

as mentioned earlier , price action trading is normally based on the naked price chart without making use of any  indicators like  oscillators, pivots ,moving averages, etc

a price action trader does not give much weightage to technical indicators like MACD ,RSI,ADX and so on.

a price action trader is only concerned with past and current price  data  points which include open, high, low, close price and hence price action traders mainly use candlestick and supply.

if the price of any security goes up it simply means that there are more  buyers. then sellers which pushes the price of the security higher. in other words, demand is higher then supply .similarly, if the  price of any security goes down it simply means that there are more sellers than buyers which pushes the price of the security lower. in other words supply is higher then demand.

on the price of any ,i have presented two charts, one showing just  price action another one loaded with indicators along with the price.

chart below in NEFTY 50 daily price action chart which shows a clear picture of the price movement of the the  index in a simple manner..

chart below is NIFTY 50 daily chart loaded with commonly used technical indicators like Bollinger bands, ADX and RSI.

now by looking at both the charts, I am sure you will say that the first chart is easy to read and understand while the second chart loaded with indicators looks a bit confusing and messy.

hence if you are a beginner and trying to learn technical analysis, I would always suggest to start with  learning about price action before  you think of using  indicators because such an approach will help you to easily understand what the chart  is saying.

low price stocks.

1. tata Tela (Maharashtra)

it will also become much easier for you spot chart patterns on a price action chart.

if  are new , then after reading this books, i would suggest you to see a sew charts on a daily basis and try to analyze them as to what candlesticks are saying and spot chart patterns in them.

slowly but surely you will gain confidence , which will help you a lot in your trading.

HOLD ON!

by no means , i am saying that you should never use technical indicators. you can use some indicators along with your price action data which might give additional confirmation to your analysis.

many price action traders use volume and 50 or 200 day simple  or exponential moving  averages with price action data to filter out the trend.

basic principles of price action trading:

before proceeding, further, let me list out the main concept or principles on which price action trading is based .

1. support and resistance 
2. candlesticks
   
   
   
   and chart patterns
3. trends 
4. market reaction 
5. structure of the market
   

karnataka: with new bridge inauguration Siganduru indian 2 lengthiest bridge in Holebagilu.

 Shivamogga: after union minister Nitin Gadkari inaugurated Indians second-largest cable -stayed bridge across the Sharavathi backwaters, connecting ambaragoldu and Kala Savelli village in Sagar ,the number of vehicles using the bridge in Sagar ,the  number of vehicles using's the bridge to reach the  noted religious place of Siganduru has increased. the KSRTC s Shivamogga division is now planning additional bus services. previously, only three buses operated to Siganduru ,where the chowdeshwari temple is located  , attracting lakes of devotees throughout the year.

until now , a bus service was available in the  morning  that took devotees to Siganduru after crossing the Sharavathi river in a barge and returned in the evening .KSRTC operated two buses from Sagar town to the barge elevation  point. according  to KSRTCs Shivamogga divisional  controller TR Naveen, additional KSRTC service from other divisions ,with one bus each from Kolar and Chikkaballapur divisions, are currently operational.

residents of karur-barangi previously relied on private transport and personal vehicles. the newly constructed .KSRTC s Sagara taluk depot manager Shrishila Biradar confirmed approval for a long - distance route, which  will commence shortly. This new route will incorporate additional villages with day -long service. he also said the temple management committee should clear traffic to accommodate the bus service.

where is the second longest bridge in india ?

union minister for road transport and highways Nitin Gadkari inaugurated Indians second longest cable- stayed Siganduru bridge across the Sharavathi backwaters in Sagara taluk of Shivamogga district in karnataka today. The bridge between Sagara and Marakutika covers 2.44 kms and it 16 meters wide.

siganduru.

sigandur ir sigandooru is a village near tamari, located in the  indian state of karnataka .the village is known for the sigandur Chowdeshwari temple , a Hindu pilgrimage site that attracts hundreds daily.

geography.

the village is surrounded on three sides by the backwaters of Lingan Makki dam, formed by the Sharavathi river.

siganduru is about 40km from its taluk headquarters, Sagara town and 8 km from tumari .Siganduru was cut off from Sagar once  the reservoir on Sharavathi river was connected. Two barges carry vehicles, tourists; pilgrims and locals.

Siganduru is surrounded by water on three sides and connected by road on one side, which can be reached via Kolluru and nagodi . barge is the major means of transport.

how much did the Siganduru bridge cost to construct?

it is India's second -longest cable-stayed bridge.it is 2.44 km long and 16 metre wide.it was built at a cost of Rs 473 crore. this bridge will reduce  the distance from Sagar town to Sigandur where the famous Chowdeshwari temple is situated.

which city is near to S

igandur ?

Siganduru Kshethra is near tumari,7.1 and 42 km .

the distance from Sagar to Siganduru , including the launch ride across the Sharavatihi backwaters, is approximately 40 km by road to the ferry point ,followed by a 1-2 km launch ride across the river, and then another 3-10 km by road to siganduru.the launch ride itself is a short distance,taking about 20 minites.

palm cockatoo ( super brads).

 well come to palm cockatoo.

Also known as the goliath  cockatoo or great black cockato., is a large, smoky -grey / black parrot of the cockatoo family native to new guinea, the aru islands and the cape York peninsula in queensland, australia. It has a crest of long feather atop it's head, with a very large and strong, sharply -hooked black beak (with which it can easily open nuts and seeds), and prominent bright - red check patches. 

The palm cockatoo was formally described in 1788 by naturalist johann friedrich gmelin in his revised and expanded edition of carl linnaeus s system natural, in which he classified the bird  with other parrots in the  genus psittacus. gmelian based his description on the black cockatoo that had been described and illustrated in 1764 by english naturalist George

Edwards. Joan Gideon loten had provided edwards with a drawing of the birds by the Sri Lankan artist Pieter Cornelis de Bevere ;the original drawing by de bere is in the collection of the natural history museum ,London .

the palm cockatoo is ,now the only species within the genus probosciger that was introduced by Heinrich Kuhl in 1820. the generic name combines the Latin proboscis with -ger (meaning carrying) the specific  epithet aterrimus is modern latin, meaning very black . the accepted type locality is Aru islands .rather then northern Australia .

the palm cockatoo is a  member of the white  cockatoo  subfamily cacatuinae. earlier ,limited genetic studies found it to be the earliest offshoot from ancestors of what have  become the cockatoo family .

palm cockatoo was designated the official common name  for-the  species by international ornithological committee(IOC) .the bird was also referred to as the goliath Aratoo in woods natural history (1862) .it is sometimes given the  misnomer black macaw in aviculture, despite the  fact that  Macakatoo ( other than both birds belonging to the palm cockatoo)

description.

the palm cockatoo is 55 to 60 cm  (22 to 24) in length and weights 910-1200g ) (2.01- 2.65lb) .it may be the largest cockatoo species and largest parrot in Australia ,although large races of yellow-tailed black cockatoo s and sulphur- crested cockatoos broadly overlap in size .it is a distinctive bird with a large crest and has one of the largest bills of any parrot only the hyacinth macaws is large .this powerful bill enables palm cockatoos not only to eat very hard nuts and  seeds, but also enable s males to break off thick (about 1 in (2.5 cm ) Strick from live trees to use  for a drumming display .the male has a  larger beak then  the female .the beak is unusual, as the lower and  upper  mandibles do not meet  for  much of its  length, allowing the  tongue  to  hold  a  nut  against  the top mandible while the  lower  mandible works to open it . the palm cockatoo also has  a distinctive red cheek patch that changes colour when the  bird is alarmed or excited.

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karnataka : tiger deaths wildlife board member criticise foresters for negligence.!

 well come karnataka news ,

madikeri : state wildlife board member meriyanda sanketh poovaiah criticised forest department officials for their negligence, which led to the recent deaths of a tiger and four cubs at Meenyam in MM hills wildlife sanctuary in chamarajanagara district.

speaking to reporters,pooviah noted that despit a dedication national tiger conservation authority, such deaths occurred in a protected forest.he highlighted karnatakas position as the second ranked state with 563 tigers among 17 states showing increased tiger populations.

while tourists appreciate tiger sightings, villagers near forest boundaries live in constant fear of wildlife encounters. despite substantial union and state govt funding, forest officials failed to implement effective scientific measures,according to poovaiah.

hi pointed out that despite receving grants for forest protection and wildlife conservation,the departments resource utilisation remains inadequates. entry-level staff,recruitment through outsourcing as a rapid task force,elephant task force,and daily wage workers, lack proper training to work round -the -clock and ofter perform household duties for senior officials.

karnataka houses 32 wildlife ranges and 5 tiger reserves,with rising elephant populations in hassan, chikkamagaluru,mysuru,and kodagu districts. poovaiah emphasised the govts responsibility to address wildlife attacks ,noting that 56,000 people across 17 state are hospitalished due to such incidents.

five tiger-a mother and its cubs - were  found dead in the m.m .hills wildlife sanctuary in chamarajanagar district of karnataka on thursday (june 26) sending shock waves among conservationsts.

officials suspect it to be a case of poisoning ,the carcasses were found in the in the gajanur beat of the meenyam section which falls in the hoogyam range of the wildlif sanctuary .there was also a carcass of a cow close to to where the tigers were found dead. reinforcing the poison theory.

the incident is believed to have happened on Wednesday (June 25)and it came to light on Thursday.

the mother of the  cubs was believed to be around 11 years and was first camera - trapped in November 2014 when it was around 6 to 8 months old .

there is speculation that the tiger had killed a cow and dragged it inside the forest .it had partially consumed the kill and is suspected to have returned again by when some miscreants had poisoned the carcreants had poisoned the carcass, and consuming which the tiger and its cubs died.

minister for forests ecology and environment Eshwar B. Khandra has sought a report on the incident and said that the guilty would not be spared.

Bengaluru: in a shocking case reported from karnataka, a tigress and her 4 cubs were found dead in the male  Mahadeshwar hills wildlife sanctuary .officials termed it the worst single- day tiger deathroll at a single place .the forest officials suspect that deaths are a result of poisoning.

poison laced in tigers food officials.

officials said that the tigress had killed a cow just a few days ago . the officials suspect that the tigress and her cubs fed on a carcass which had been laced with poison. the carcass was a bait to kill the animals, they said .an autopsy is scheduled to be held on Friday ,which would confirm the cause of the death of the animals.

talking about the  deaths, karnataka forest minister Eshwar Khandra said ,five tiger s, including a mother tiger and four cubs ,have died at male Mahadeshwar  hills. I have  given order for a high-level enquiry. We are shocked and saddened by this incident .a post-mortem will be conducted  in accordance with the established protocol.

the enquiry report is to be submitted in 3 days. Sources quoted by the times of india said ,that human- animal complicate are on the rise in and around the MM hills area .it has reached such proportion that some villagers have tried to kill that some villagers have tried to kill the animals ,by resorting to tactics like poisoning and snaring.

Khandra said  that if the probe reveals negligence on part of the forest officials, or electrocution or electrocution or poisoning to have caused the animals death, those responsible would face the heat of the law. He said that criminal cases will be filed against the accused .

with 563 tigers, karnataka has the second highest population of predators in the country .just behind Madhya Pradesh . however wildlife watchers and conservationists have repeatedly warned that tiger habitats in the state are under pressure. the MM hills sanctuary has  not received the status of a tiger reserve for 15 years now. a tiger reserve status could limit commercials activities in the area and improve conservation efforts, according to experts.

live report- england and india face off cricket .

 well come to india vs England  cricket match.

a torturous kl innings comes to an end , reading a grim 2 off 26 deliverives.he has not looked comfortable, and was even losing his shape for leaves ,turning right around, Steve smith style, with both feet facing the bowler.

it was Chris Woakes who elicited that involuntary contortion, and its Woakes who bags the  wicket. a deserved one, too after a hat- trick of turned down LBW appeals, the second of which ,against Jaiswal on 12,was upheld after a DRS review following the narrowest of umpires call on the impact with the stumps.

Woakes has hit his groove and also and found a patch just in front of the right-hander that lifter a bit ,leading to KL defending onto his own stumps . Karun Nair, in at three after Sai Sudharsan's axing, almost does the same off his first delivery.

india vs England 2nd test: stokes wins toss, India make 3 changes at Edgbaston

the second test match between england and india is underway at engbastom,birmingham.england won the toss and opted to bowl first.

there are no changes to england playing XI ,as skipper ben stockes continues with the same squad that secrured a convincing win in the  first match of the series.

india ,however,have rung in the changes .sai subharsan  and shardul thakur have been left out, while pace ace jasprit bumrah is being rested ,in their place,nitish kumar reddy, washington sunder,and akash deep come into the side.

after suffering heavy defeat in the series opener,india are looking to bounce back ,but the challenge is steep-theyve never won a test at edgbaston,adding historical pressure to an already critical match.

Akash deep was included in India's playing final XI for the second test against England at Edgbaston. he stepped into the shoes of Jasprit Bumrah, who has been rested. 

the young fast bowler made an instant impact on his test debut in Ranchi, where he stunned England s top order with pace ,swing ,and control .he performance drew praise for his aggressive lines and ability to strike early.

now, with india looking to bounce back in the series, Akash deep is expected to take on a major role with the new ball .conditions at Edgbaston are likely to support his style of bowling ,offering him a chance to shine once  again on the international stage.

with his raw pace recent form, Akash deep will be central to India's bowling plans is this crucial test  match.

the only batsman in india playing XI who is likely to be out in the upcoming india vs England test is their new no3 Sai  Sudharsan .has set to make way for  an all-rounder Washington sunder, who will bat lower down the order. The other two changes are Nitish Reddy in place of Shardul thakur and Akash deep for Jasprit Bumrah ,the pacer rested as a workload management measure .

Washington and Reddy s inclusion in the squad means India, who are desperate to level  the series they are losing 0-1,will field three all - rounders in IND-ENG playing 11. the third one is, of course ,the team s most experienced player Ravindra Jadeja .the specialist for all-rounder swap has thrown the indian top -order into a tailspin in just a matter of weeks. with Sai out the last tests No.6 Karun Nair moves to No.3 and Jadeja takes a spot up in the ladder.

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