🎯 Simple but Powerful Trading Concept – No Indicators, No Patterns Needed!
Dear viewers,
Today, I'm sharing something so simple that most traders completely overlook it. While everyone else is busy complicating trading with fancy indicators, patterns, and strategies — I want to take you back to the basics that actually work.
✅ I’m using a Nifty chart to explain this. I’ve highlighted the previous month’s candle, and using the drawing tool’s magnet mode, I’ve plotted simple horizontal lines at the:
• Open
• High
• Low
• Close
📊 That’s it! No indicators. No patterns. Just price action from the previous month.
Now, switch to the Weekly or Daily timeframe and observe what happens around those levels. You’ll see clear supply and demand zones forming — automatically. These are the real institutional levels where price reacts strongly.
🔒 Who Should Use This?
If you're a retail trader, I do not recommend getting into intraday or index options — they are high-risk and emotionally draining, especially for beginners.
However, if you're an experienced trader and can handle the volatility, here’s how you can use this method powerfully:
📅 After marking the previous month’s OHLC levels:
• Move to the current month
• Watch how price interacts with those levels
• Combine this with RSI for extra confirmation:
📈 RSI + OHLC = High-Probability Zones
• If RSI > 60 and price is nearing the previous high — there's an 80-90% chance of a breakout.
• If RSI < 40 and price is near the previous low — expect further downside.
• We ignore the 40–60 RSI range. It’s noise. We're only focused on strong bullish or bearish momentum.
✅ Try this on stocks, crypto, forex (EUR/USD) — anything.
Once you master this concept, you won’t need any fancy indicators or complicated supply-demand theories. Just price action and momentum will guide your trades.
Thanks for watching, and apply this to see the magic yourself. Check my previous post for deeper understanding of -
Positional Trading Setup
Swing Trading Setup
Stock Options Swing Setup
And - Investment Positional Trading Setup (coming soon)
Focus on which is simple. God Blesses you All!
Faraaz T
Sr. Exec. Research Analyst - Equity
Stockholm Securities - UK
Dear viewers,
Today, I'm sharing something so simple that most traders completely overlook it. While everyone else is busy complicating trading with fancy indicators, patterns, and strategies — I want to take you back to the basics that actually work.
✅ I’m using a Nifty chart to explain this. I’ve highlighted the previous month’s candle, and using the drawing tool’s magnet mode, I’ve plotted simple horizontal lines at the:
• Open
• High
• Low
• Close
📊 That’s it! No indicators. No patterns. Just price action from the previous month.
Now, switch to the Weekly or Daily timeframe and observe what happens around those levels. You’ll see clear supply and demand zones forming — automatically. These are the real institutional levels where price reacts strongly.
🔒 Who Should Use This?
If you're a retail trader, I do not recommend getting into intraday or index options — they are high-risk and emotionally draining, especially for beginners.
However, if you're an experienced trader and can handle the volatility, here’s how you can use this method powerfully:
📅 After marking the previous month’s OHLC levels:
• Move to the current month
• Watch how price interacts with those levels
• Combine this with RSI for extra confirmation:
📈 RSI + OHLC = High-Probability Zones
• If RSI > 60 and price is nearing the previous high — there's an 80-90% chance of a breakout.
• If RSI < 40 and price is near the previous low — expect further downside.
• We ignore the 40–60 RSI range. It’s noise. We're only focused on strong bullish or bearish momentum.
✅ Try this on stocks, crypto, forex (EUR/USD) — anything.
Once you master this concept, you won’t need any fancy indicators or complicated supply-demand theories. Just price action and momentum will guide your trades.
Thanks for watching, and apply this to see the magic yourself. Check my previous post for deeper understanding of -
Positional Trading Setup
Swing Trading Setup
Stock Options Swing Setup
And - Investment Positional Trading Setup (coming soon)
Focus on which is simple. God Blesses you All!
Faraaz T
Sr. Exec. Research Analyst - Equity
Stockholm Securities - UK
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.