Sell Suntv 660CE at 16.75 Sell Suntv 660PE at 13.3
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction.
Principle: Unless it triggers, like, Don't buy unless the price breaks the specified 'Buy' level.
Trading Shorthands
Positional: Suitable for holding positions with expected minimal sharp volatility. Assessment based on upcoming events and various factors.
Intraday: Positions must be closed by the end of the day.
Theta, Bounce, 3BB, Entropy, Turtle: My unique trading systems.
Personal Trading Approach
I do not strictly adhere to rules. If a trade seems unfavorable, I might take a contrary position or extend an intraday trade. Follow the systems I share, not my actions.
Risk Management
Stop Loss for Intraday Trades: Typically at the Day's High.
Stop Loss for Positional Trades: Generally at the level of previous swings.
I often manage risk through options in derivative trading, instead of a traditional stop loss.