Aiming for at least a 1:2 or 1:3 ratio to ensure long-term profitability.
Characterized by Lower Highs (LH) and Lower Lows (LL).
If you are looking for the popular price action trading insights shared by Sunil Gurjar, founder of Charting Careers, you are likely seeking his comprehensive guide on technical analysis. Sunil Gurjar is well-known in the Indian trading community for simplifying complex candlestick patterns and breakout strategies. price action trading book by sunil gurjar pdf google drive
Instead of using dozens of indicators, Gurjar emphasizes individual candle psychology:
Signals potential reversals at key levels. Aiming for at least a 1:2 or 1:3
Never risking more than 1-2% of your capital on a single trade.
Always placing a stop loss just beyond the "structure" (like below the recent swing low). Sunil Gurjar is well-known in the Indian trading
Price action starts with identifying the current state of the market.
Breakouts are more reliable when accompanied by high trading volume. 4. Chart Patterns for High Probability Trades
Shows a total shift in momentum from buyers to sellers (or vice versa). Pin Bars: Indicates price rejection at a specific level. 3. Support and Resistance (S&R) The book highlights that S&R are not just lines, but zones .