[00:01] Today we will talk about a strategy which is for the Indian stock market and the special thing about this strategy is that it gives you the setup within half an hour of starting. [00:13] Usually people ask me that sir, you have taught the price action concept. Now the problem with the price action concept is that for that you need to have some trading experience because there [00:26] you have to understand the price in detail. Liquidity has to be understood. The price will move from here to there, here, there and then you are able to take a decision as to how to trade. But for a beginner, a beginning trader, the [00:39] challenge is that Sir, I cannot learn so many concepts in the beginning. Please tell me some method, some shortcut so that I can trade and also understand price action a little. And the best thing is that I do not over trade [00:55] best thing is that I do not over trade and by working on a single time frame or working with a simple strategy, I can bring confidence in trading whether this trading is for me or not. Because what I always say is that [01:08] before starting your trading journey, it is more important to understand whether trading is for you or not. If you don't know this then it won't work. Is it or not? So let me try to teach you. I will explain a little bit about price action. I will [01:23] also use some advanced price action and will can you use it? Meanwhile, let me also tell you that if you also do crypto trading, then you will [01:38] find links to FIU registered exchanges in the description of this video. You can open your account there without worrying about the issue of legality or illegality. There will be tax problem. Without worrying about all these problems, you can [01:56] if you used to do Forex trading then leave Forex trading, it is a big problem. Crypto tokens now provide you with the volatility of forex trading. That too with complete regulation. So you can also trade gold, silver, natural gas, crude oil inside crypto. [02:11] And the links in the description are links to two exchanges. You will also get fee off on both. If you create your account then you guys should go and check it out. Check out my free Telegram. Read the disclaimer. [02:24] Come back after doing this much work. Then let's start the strategy. This month we are doing our giveaway. Yes, today in July [02:41] we have completed two years and to celebrate the completion of two years of Hold With Priyanka community, we are running a giveaway in which you can win a free MacBook, iPad and subscription to Trading View. And that too by doing what? The same work [02:54] that you have been doing. Yes, if you trade, especially crypto giveaway. Stucks giveaway coming in the future. So what do ? I will not give details here. For this, a video with complete details has been [03:09] made on YouTube. You'll find a link to what it is at the top of the description. So go and watch that video or search on my channel give away hold v Everything is explained in detail inside it. How can you win MacBook, iPad for [03:24] free, that too just by trading. So go quickly and watch that video if you want to participate because this giveaway is on only till 30th July. So quickly go and watch that video and participate and [03:39] then win a McB or a chance to meet me. Now let's go back to our video. So let me tell you that I call this strategy Candle Range Strategy. What do we do inside it? One candlestick forms its range and then [03:54] trades its breakout or its fake breakout. I You guys always know because liquidity concepts are more effective there. But if you know how to do breakout trading then you [04:08] can also do breakout trading. So let's understand the candle range strategy. Here you good thing is that it also works on stocks. trader, Sussex trader, Nifty 50 Mid Cap or you trade any stock. [04:24] You can use the same strategy, same concept. Ok? So the first thing, as we always do, is that we will use 3 months old data. Now you will say, Sir, why are you not teaching live? Because brother SEBI does not allow it. [04:38] According to SEBI, you have to teach only on data that is at least 90 days old. So that's why we go back 90 days. And give first value to what the regulator says. Brother, listen to the regulator first. So by turning on the replay mode I am removing the 3 month [04:53] price action from here. If it's July, then June, May, April. I removed the three-month price action here. Now whatever day comes, we will practice on that day. Now while learning this strategy, let me tell you one more thing. One thing [05:07] you have to keep in mind is that strategy will not be made every day. Yes. This strategy is not be made every day. Yes. This strategy is not made every day. And you know what the best thing is stop losses. Meaning, I am wasting your time watching videos. Let me tell you in advance, [05:21] brother, this is a strategy whose win rate is sky high. You can find out for yourself by practicing what its win rate is and there are both stop loss targets. The only difference is that in this the risk to reward of the target is [05:35] a little better and whenever it is made, you are confident about why I am doing this trade, so you do not do it under the influence of emotions. I have already exited sir, I have entered late. All these problems are reduced a little. Let me [05:48] see I've come into the price action of March. We will start checking from here. Now if we do not get it daily then we will [06:00] this strategy somewhere. So now you can see that I have set a time frame of 15 minutes. Here you will use two time frames. You can even do three if you want. But you will have to use minimum two time frames here. You can do it with one also [06:17] but a setup will be made once in 20-50 days. Ok? So let's do it like this. Let's made once in 20-50 days. Ok? So let's do it like this. Let's Let us understand here now. Now look, I have opened this 15 minute chart. And [06:31] this blue dotted line that you are seeing means the price action of one day. Ok? So this price action of ours is of March 30. We are looking into this. So let me first explain to you the psychology of this strategy. What is the psychology of this strategy [06:43] that [nasal sound] first of all we will take a time frame of 15 minutes. Ok? How many minutes time frame will it take? 15 min. Now the question will come to mind here. Sir, you always say that time frame does not matter. Can I [06:57] use a 30-minute chart? You can do it. You can do it for 1 hour. 3 hours. Hey, you can do it. Take any time frame. I will teach you with a time frame that I use the most. You can adjust it as per your requirement in whatever time frame you want. [07:11] What is the basic concept? That you take a slightly larger time frame which forms 1520 candlesticks in a day. Understand ? So that you can get price action. So it will take at least 15 minutes. If we look at 15 minutes, if we form four candlesticks in 1 hour [07:26] , 24 candlesticks in 6 hours, then it will work. Ok? So you will take 15 minute candlesticks and make a range from them. What is the scene now? You can create a range from candlesticks of any time frame. 5 minutes, 15 minutes, 1 hour, 30 minutes your [07:42] choice. Ok? After that you will see here whether the market is breaking out or faking out. So understand the concept. If you understand this psychology then I will explain it to you through an example. This way you will understand. Ok? So a range has to be created. Breakout fakeouts are to be seen on that range. [07:58] n't know how to fake out breakouts, then watch it, I will explain it in this video, it will take a lot of time. I will put a video card at the end of this video. Go there and see. I have created a great video in detail on breakout fakeouts in my Advanced Price Action series. [08:10] You can learn there to fake out all the breakouts. Ok? Will see breakout fake outs. So if the market breaks out then we will trade from the breakout setup. If it fakes out then we will trade with the fake out setup. But whatever trade setup will be there, [08:24] But whatever trade setup will be there, whatever trade setup will be there, we will make it on small time frame. Now what can be the smaller time frame below 15 minutes? Like 5 below 15 minutes? Like 5 minutes. Like some people will say, Sir, I [08:36] Someone will say, Sir, I use 1 minute chart. 1 minute. I usually prefer five or one minute for both. You can choose the time frame in which you practice from these three to time frame in which you practice from these three to [08:51] show you how to do it. Is it clear? So we will create a range from a 15 minute time frame. Will take trades from 5 minutes. If 5 minutes seems like a big time frame. Will take trades from three or 1 minute. It's simple. Understand? Got the foundation? Let us now see [09:03] what is psychology? What is the psychology of trading ? Basically. So let's say this ? Basically. So let's say this is a 15 minute candlestick and it has formed a range like this. Ok? This candlestick has formed a range. [09:16] After 15 minutes, this candlestick range was formed. Ok? Now this is your range range was formed. Ok? Now this is your range , this is your high range and this is your low range. Ok? First let us understand how to trade fake breakout? [09:29] What to do in a fake breakout trade? If the price goes up like this and comes back in or goes down like this and comes back in. Ok? So what will we do Ok? So what will we do ? Here we will [09:44] wait for such a breakout. This kind of means that the price will make the first low after coming in, sorry. [Sound of clearing throat] After the price comes in, we will wait for the first low or the first high it makes to break out. As soon as this breakout happens, you will [09:59] As soon as this breakout happens, you will plan your entry for short here. Here you will plan the entry of long. What will Target do? Obviously, the long ones should go up high and the short ones should go down low. It is very simple. [10:13] swing trading strategy. It's exactly the same. Candle range strategy. It is the same but a few things are different. Therefore, it is important for you to understand this. So did you understand ? It is very simple. Basically this is the method. Use whatever method [10:30] you know or have learned to make an entry. I will tell you one or two ways. Otherwise again on my channel you will get only four techniques for making trade entries. It is very easy. Go and see. Is it clear? This is your setup. Fake breakout one. Now [10:44] how do you trade a breakout setup? The breakout setup is even easier. What happened to your 15 minutes? The range was formed. After the range is formed, this is your range high. Take this your range. If the market breaks out here, you will trade. If you [10:58] breakout here then you will be able to trade. How to trade breakouts? Breakout confirmation and then this high breakout. Double confirmation happens here. Don't do it on the bottom side. Do n't pay for the retest. This is to trade on breakout. You have to [11:13] take entry here. Again, you will understand it more clearly in the breakout fakeout video. So formed has to be traded at breakout only. Simple first target always try what will you do [11:28] ? Your target one will be kept for a minimum of 1.5 hours. If you want, you can keep it for two hours as per your system but keep it minimum for 1.5 hours. keep it minimum for 1.5 hours. What will you do with the second target? Range low or [11:43] high. Meaning if you have taken a short, the first target should be 1.5 hours or it should be lower. If you have taken a long position, then the first target should be 1.5 hours or higher. It's as simple as that. [11:55] clear? In this way you would have understood the entire psychology of trading. straight example. You will understand like this. It wo n't even take 2 minutes. So what do you do ? As soon as the day opens, there is nothing to do for the first 15 minutes. Is it clear? So let's see on the first day whether the [12:09] work gets done or not. So where did the first 15-minute candlestick form on the first day where did the first 15-minute candlestick form on the first day ? If we look, we have here, I'll move this a little bit here [nasal sound] [12:23] [nasal sound] and delete this. Ok? This will start our day. If we look at it again, we will understand it better basically. So now as soon as our first candlestick is made, what is our first [12:36] candlestick made? This took 15 minutes. As soon as the 15-minute candlestick is formed. Ok? We will mark its high and low. Now keep in mind that if this 15 minute candlestick is slightly bigger than the average candle, then a better setup will be created. You will [12:50] candlestick is very small like this is a very small candlestick. This is a very small candlestick. There will be some problem with the average candle. Is it clear? Here if we see, in the same way the 15 minute candlestick is formed a little longer. So this means it will [13:04] give a good setup. If it becomes too long, the market usually goes sideways. Stay away from him. Come on, what will we do? Now we will create our own range. So what I did was, as soon as the first 15 minute candle formed, I marked my range high and as soon as it formed low, [13:19] I marked my range low. If you want to enroll on this then you can also enroll on this quickly. Like this is my low range and [13:32] is my low range and this is my high range. RH So you got this 15 minute range low or range high. So here we have marked this 15 minute range high and range low. Is it clear? What do you do now [13:46] ? Looking above this range high is a fakeout or breakout or looking below this range low is a breakout fakeout. Now here will come the biggest confusion which actually only practice will be able to tell you. Many times the breakout that will be faked here will be [13:59] better than the 5 minute chart. Sometimes you will get better results from the 15 minute chart. It is your choice which one you choose because I keep using both. If I tell you honestly, what do I do ? Now I will check the chart every 5 minutes. I [14:12] ? Now I will check the chart every 5 minutes. I I use a mix of both. It depends on your practice. Ok? So what will we do now? Let us proceed with the five-minute chart. Let's [14:28] To move to the 5 minute chart we have to go back down and we are on the five minute chart. Now you will see the 5 minute chart looking something like this. Ok? On the 5 minute chart we will see whether there was a breakout or a fake out. [14:42] will see whether there was a breakout or a fake out. Let's say the closed on the upside. So what do we do? Let's wait for two candlesticks. We never consider a breakout from one. The second candlestick traded higher than the previous candle. [14:55] happened? Breakout. What was our breakout setup ? Our breakout setup is very simple ? Our breakout setup is very simple that the market has made this high and let us assume that the next candlestick makes the high first. Not now, not now, first you will wait to get high. [15:09] you will wait to get high. Well, this is it. Suppose it could not have been made with this one, it would have been made with the next one. This became the swing high. So now our simple requirement is that the market should break this high. We will [15:23] enter here. This will be our stop loss and we will target upwards. Again, the minimum target you have to set is 1.5 hours or whatever is the previous day's high , any level that you have reached since the previous day , any liquidity that you are [15:37] , you have to target that. Simple. Ok? So now we will wait for the breakout setup to be formed here. Let's look at the next candlestick. It is still downstairs. Now look carefully. Once three candlesticks are formed, [15:51] go and check the 15-minute chart once. If I look at the 15-minute chart, the market has given an upward closing. Everything is going well. Ok? Let's not create any setup. Waiting for this high to break. [16:10] 5 minute candlestick is moving right now. Let's go and see in 15 minutes. If you see after 15 minutes, this is an immediate fake out. What is an immediate fakeout ? At any level, a candlestick first closes above and then closes below. [16:25] This is an immediate throw out. And immediate fake out means now the market will more likely fall. Understand? So if we want to setup a breakout then the goes above this high then we will go long. The market [16:41] is now bearish due to the immediate fakeout. Understand? So you keep mixing these two things and see. clear? If you are starting out then fix a time frame that sir I will watch it in 15 minutes or I Immediate fake out here [nasal sound]. Please pay attention. I am [16:55] not looking at any swing highs. I am looking at the high of the 15 minute candle. This is the difference. You will know all these differences in this video. Ok? Well, now you know that it is an immediate fake out. What was the concept of immediate fake out explained [17:08] enter the trade. Or setup can be made. To understand these, again you can watch many videos on my channel which [17:20] explain immediate fake out in detail. You can see that. Now let's see, let's move ahead. Let's see what happens in this. The market will start moving up again. Now here you have to control your mind and move ahead. Tell me whether we are bullish or [17:35] move ahead. Tell me whether we are bullish or bearish right now. If it goes above this then it is bullish. Just not bullish here. The mistake people make is that they start trading here. Do n't do it, you will get trapped. You should go long only when the market goes above this high [17:48] or if it breaks any low then you should go short. Don't do anything before that. anything before that. clear? Then there was the immediate fake out [nasal sound]. Are you [18:02] ? Now if you want to trade with immediate fake out then trade directly. Yellow. If you know how to trade immediate fake out then your trade entry is now done. What will you simply do? Our first target is on this closing, now we will [18:16] enter the trade as soon as it opens. This will be our stop loss and our first target at 1.5 hours, so you can mark your first target here. 22498 and because it is very close. You can also set your target here. This [18:32] is around 1.9R. So this is one entry. Now there are different techniques to take entry. Like I told you. Is it clear? What could be the other technique? You wait below its closing. What could be the third way? You should use a smaller time frame. For example, [18:45] if you are trading on 1 minute, you will see that the market is you will see that the market is swaying. It came from above and came down. Ok? Look, it hasn't broken yet. So we will wait a little longer here. [19:00] This is your break. This one is a low break. You can trade now. Those who are trading on 1 minute charts can take breakout trades here. Is it clear? If you are trading a full fakeout, [19:13] this is where you would place your stop loss. If you are trading an immediate fakeout, you will place your stop loss here. There n't get confused in this. If some people do not understand this thing then it does not matter. [19:26] Ignore it because your job is to understand as a beginner. And I also keep telling some things in the video which even slightly advanced traders can understand. Just simple. Now you will either have a stop loss or a target. Look, let me remind those who have 1 minute. [19:39] If you took the trade after this breakout, then see, the entry has come. Your entry is here for 1 minute people. Ok? What was your first target? 22498 Ok? What was your first target? 22498 Our target is somewhere here. 498 [19:55] This is your first target here. It has come down below 498. first target was completed. Those who have kept it till the bottom will [20:07] kept it till the bottom will wait for themselves. clear? So what did you basically do inside this whole setup? Let us understand this thing. [20:19] If you need more examples of this, please let me know by commenting. I will make more examples of this in my daily market video. Ok? So Ok? So here if I look yes. [20:35] So now let's go back to 5 minutes. If we look at this same chart at 5 minutes, If we look at this same chart at 5 minutes, you will see that look here made this low. She had thrown it out immediately. After immediate fake out, [20:47] you can start trading in this candle. Is it clear? Two ways of entry were found. Now if you were watching the entry at 15 minutes then you would more likely have missed this entry. Yes. You will see that the market is closed here. You will [21:02] not be able to take trades from here. Therefore, it requires a minimum of two time frames. A larger time frame in which you created the range and a smaller time frame in which you took this entry. Okay sir, how will you do this in 30 minutes ? Now do the same simple thing, [21:16] watch the first candle stick for 30 minutes. This formed a 30-minute candlestick. You can do the same thing by marking the range on 30 minute candlesticks. Now here you will see that the 30 minute before falling. So your trade did not work today. It's as simple as that. Similarly, you [21:32] can use 1 hour, you can use 3 hours, you can also use 15 minutes. Now the same thing happens with 30 minutes, the setup will be done once in a long time. Now as I told you in the beginning of the video, our aim is to [21:46] reduce over trading. Our aim is to take small trades but with confidence. Here you will be able to trade your setup confidently. So this is your setup for the fake out. Sir, after this can I catch the whole day 's trend? [22:01] Should I hold after this? So see, your target has been completed as per the strategy. Whether the price goes down or up, you don't have to do anything. Sir, if a setup is formed here, can I go long again? Yes, you can do that. If a long setup is formed now. [22:14] This is one additional thing I will tell you. Let me tell those who come here about something extra. Ok? That if now you assume that a out. And if the market breaks any high here, then you can go long here. [22:28] And what will be the target this time? This will not happen. The target will be this high. Is it clear? So your target will be the upper high. Now look at a recent example of this [22:40] can see today is 13th July. This was made just last week. So when you are watching this video, made just last week. So when you are watching this video, you will get an example of its setup. This is homework for you. Ok? So this time [22:53] your long target will be this. This is a good thing. So you can trade again. But once on the short side and once on the long side. It's not like that sir, if it gets made here again then can we take it for the third time ? No no, don't do even this much. [23:07] Understand? One trade a day is enough. You can use whichever of the two you get look at the past day one more time. What is our stop loss or target? Then let us look at this example. Look at the day here if we look at it. Ok? Inside this, I [23:21] remove the chart from here. They remove sleep. Ok? Let's say we have a 15-minute candlestick. We will do the same work. Here candlestick. We will do the same work. Here we had one thing to do that we [23:39] and range high. So we marked we marked our range low. Again we will work on a shorter time frame. You can practice on whatever [23:52] time frame you work on. market falls, I will get a breakout trade. So let me show you quickly. Now look here after the break of two candlesticks. Right? Now [24:06] look, the first candlestick closed down. The second one closed down. You have had a breakout. Ok? Once the breakout has happened, we now want the market to break this low. As soon as it breaks this low, we will immediately enter the trade. [24:24] market went up. After going up, the market got this immediate throw out here. By breaking this low here, it has broken out again here. So you can plan your entry in this candlestick. We will shorten it. [24:36] can plan your entry in this candlestick. We will shorten it. Whatever stop loss you place. Now you will keep this one which is between these two lines. Ok? You will place your stop loss slightly above this and again what will be the minimum 1.5 R, [24:53] your first target 1.5 R and again what will be the second target? If there is any high time frame low from the left side, can consider it as your second target here. Now let us see whether it is stop loss or target. [25:15] can trade breakout here. So, one example is your breakout. One example is your fake out. So in this way you [25:27] can trade the candle range strategy very easily. Now I have been showing this strategy continuously for many days in the daily market video. I have given you examples many times. [25:39] Many people were commenting that sir, make a video on this. you understood this strategy. But pay attention. Any strategy will work for you only if you have practiced it. If you don't do paper trading, do [25:53] n't practice, no strategy in the world is going to work for you. So go and backtest it and after backtesting it, liked this video. Please give your feedback by commenting. I would like one more thing. [26:09] Please give your feedback by commenting. I would like one more thing. meet you guys in the next video. Till then take care of yourself and your family. take care of yourself and your family. Take care. Bye bye.