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What is Intraday Bear Trap? || Anish Singh Thakur - YouTube
Channel: Booming Bulls
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Hello guys,
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my name is Anish Singh Thakur
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and welcome to this video
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where we will discuss
a very special topic
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"Intraday Bear Trap".
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What is this?
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I have received a message
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from a lot of people
that today, while trading,
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many people have sold short and
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the market went sideways or
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the market went up
in reverse direction.
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So this is a very special phenomenon.
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Well, today, this is my small account
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which I demonstrated
in front of you.
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I did a little bit of treading on it
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very cautiously.
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Today the market went on both sides.
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So thought, I had traded
in it in a low quantity.
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I only trade with less quantity in it.
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So let's talk about it later.
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Come to market first.
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What is intraday bear trap?
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Let's try to understand it.
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This is today's candle.
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Market starts at 9:15
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and a high is made and
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then it takes rejections.
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How does this trending made?
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If you only and only....
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I gave these lines in
my analysis video.
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Starting from this point
and coming to this point,
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you will automatically be seen
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this trend line forming.
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Automatically you will get all this...
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You will get both these highs that
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it will take rejections
from this high
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and the market has reversed
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one more time after
coming here from here.
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What is "bear trap"?
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When the market closed here,
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on this candle,
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on the candle of 12:15.
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Market had not given a single
closing below 14679.
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All intraday traders,
they know,
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whenever the market is breaking
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the low of the day.
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Sometimes that low of the day
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can also be a week low but
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sometimes it can also
be a closing low.
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Like, on top of this,
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there was no closing even once.
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This was a sure short sell.
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But yes, the low of
the day is still left.
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So you can not short here.
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Definitely, you cannot do.
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No bear trap.
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There was no bear trap here.
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I did trade in Nifty.
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But in Bank Nifty,
it was a bear trap.
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Let's do the same analysis
of Bank Nifty
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which has happened today.
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All price action traders
can understand...
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Let's zoom in here and come here.
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So, what is a bear trap?
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When you see, the market
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is making very long VIX.
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If that is making a downset
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then obviously,
support is very good.
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So firstly, it made this long VIX
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of around 200 points,
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this is a very long VIX rejections
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from downset.
Okay, first thing.
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Second thing,
if you look here,
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if I come from
this point to this point....
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Why am I taking it from there?
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Because it is taken
from the body only
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when you want to check divergence.
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You clearly see this is
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a bullish divergence over here.
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If you can see,
then you can see
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this is a
strong bullish divergence.
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Well, if you don't understand that
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why I started from here,
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why am I not starting from VIX?
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So we convert it to a line chart.
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After converting to the line chart,
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you know that the VIX
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never comes in the line chart.
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So, always touch body
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from top to bottom.
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You can see this lower low,
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one is lower low.
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There is low here, it is higher low.
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So, this is having
a higher momentum.
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Now let's talk about,
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what a bare trap is?
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The closing over here is...
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Definitely, this candle must
have told everyone
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that it's time to do short dude.
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But even then,
human will not short
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unless it is
low defend except traders.
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But many people will do it.
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So even if I close here,
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In the closing of this candle,
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many people done
short selling today,
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that it was closed
in fifteen minutes.
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And this time frame is not short.
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This is a fifteen minutes time frame.
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Price action trading is like this only.
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If such a closing occurs
on a fifteen minute time frame
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then definitely it's a good short.
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Infact I short myself
but I didn't do it.
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Why I didn't do it?
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Because it was bear trap.
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Because here you can see,
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even when this low was created,
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the value of RSI was 32
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and here, the value of RSi was 38.
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Unless the RSI break
the low of 32,
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the momentum was high.
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And it's clearly showing that
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there was divergence here.
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Now many people zoom in
the chart and see.
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Therefore, the chart
should always be
zoomed out a bit.
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You can see,
the low it has made,
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if I bring you here exactly,
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you can see here also,
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I remember this day exactly,
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there was a too many sideways,
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on 23rd Feb.
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So this is also showing you,
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the support of extreme level.
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When everyone talks that
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the market is going to fall,
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the market is going to fall,
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market is going to be bearish,
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that time market
does not fall mostly.
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So, this is also one thing.
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So that's why I suggest that
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by zooming a bit,
we should see
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the surrounding levels.
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So because,
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why didn't i go to
this sell today?
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Even if you see this,
you will see all this call.
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There was a sell that
got converted into a loss here
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because market went sideways,
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that is future lot.
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So if you will see,
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so, this was a good support level,
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where the VIX got rejection.
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Secondly,
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this day's low broken
still I did not short.
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Why?
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Because there was
divergence here.
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Secondly, this long
VIX that you are seeing,
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this was also there.
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Now, what happened after that?
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After that, I had made a
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Bullish Momentum in the market.
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And not here.
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Bank Nifty was weeker
as compared to Nifty.
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In the Nifty, I hold it
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in low quantity
till the last moment.
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And after this, I was planning
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about Gap up yesterday also.
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But still I didn't do it because
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this is the high of the day,
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and it did not break the high.
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So, it was a 50-50,
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but most probably the market
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will be open Gap up tommorow.
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The market will be strong.
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The market will definitely touch
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EMA 200 tommorow.
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If you want to see then see.
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I gave you a strategy.
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Those who have not seen,
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please go and watch the video,
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I have given the strategy of EMA.
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How can we trade
on EMA Strategy?
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It has been provided to you.
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This is EMA 200.
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This is one of
my favourite strategy.
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Why didn't I do it straight?
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There was a bit confusion.
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If there is little bit
of confusion then
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it is better to ignore
than taking risk.
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You can see,
the market has given
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a good closing.
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Color is not visible.
Let's make it red.
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And we don't need this trendline,
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since the breakout has happened.
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So, we do not need it.
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The market totally consolidated
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near the nifty moving average
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and it is giving a wonderful
closing about this.
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I was long on this
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but I didn't buy it because
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I have decided that
if it breaksout
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and gives closing around it,
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I will hold it
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and I'll take the long trade.
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Tomorrow market will open
with a gap up, guys.
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If it opens here then
first candle will hit it.
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After that, market will take resistance
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because you can see here ,
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there is lots of resistance here.
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This is gone from our hands.
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Market after opening touches this.
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Then we will see,
what the price action says?
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Like we have seen in
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the market analysis
video yesterday,
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that everyone thinking
that market will fall ,
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Yes, it can fall , not a big deal.
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But you should focus
on price action cost.
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So, this is how you
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understand the market using
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the price action analysis
and levels.
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And little update over here.
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Today is 1st of March.
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We have started this
account from 1st feb
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around Rs 2 lakhs and
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when we see from 1st feb
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using Rs 2 lakh we have made
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a profit of around Rs 3.56 lakhs.
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You can see,
we have traded only 6 days.
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Oh, there were
10-15 trading sections
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but only 6 days we have traded.
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One loss and 5 profit.
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And total profit is
around Rs 3.56 lakhs.
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After leaving Rs 2 lakhs ,
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the current account balance
is more than Rs 5 lakhs.
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Anyways, this is how
much return percentage guys?
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Profit percentage is around 175%.
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It's not a very big deal..
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It's a very big deal actually.
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But the big deal
will be to manage this.
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This month in this account
I have said that
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I will be doing selective trades
or super trades.
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So this is good but losses
can occur next month.
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Whatever happens will show you
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and we will see in one year
where we can take
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this 2 lakhs account
in next year or till six months.
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That is our job as a trader to
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make profit and
also control losses.
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So next month,
it will increase or
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decrease, we will see that .
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Rules were simple, only
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high probability trading
in this account,
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only super trades, that's it.
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Nothing is safe.
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Risk is everywhere but
there is reward too.
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Risk and reward have to manage
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and taking high probability trades ,
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we will work on this account.
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Regarding my other account
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there I keep doing other things.
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So anyways, this is just
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for an average traders.
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If any new trader starts
an account with 2 lakhs,
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and he is experienced then
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how much can he earn,
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I have opened this account for that.
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So I hope, I have shown you,
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where we have come
in this one month.
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You can see tomorrow's situation
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after the checking today's
market close level.
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After this breakout we have see
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this 14,000 -15,000 levels.
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If this breaks out
happened with power
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then we will get 15,000 .
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If we get rejection after this ,
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we will again see these levels.
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You can see these
levels in front of you
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and we will also take about
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the trades and setups we have taken.
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Blue Star, I have given
you as a swing trade
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not as an intra day trade.
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I saw the comment of many people
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that lost in the blue star.
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This is obvious thing.
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Now, you have to buy it.
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Now you have to buy it and hold it.
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So, this is a swing trade.
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If you don't know,
what is swing trade,
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you can't try on intraday trade.
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If we talk about others stocks,
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then Axis bank was sideways.
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Adendit make green candle
as soon as market opened.
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It hit its target of 850
when the market opened.
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836-850, given to first two candle.
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Bajaj also given lower target
after consolidate.
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Bhartiya Airtel,
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"not trading zone" which I give you.
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It's first candle broken
the non trading zone,
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you can short here.
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Tata steel increases 2% up.
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This is also the zone
I gave you of Tata Steel.
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It is behave very well.
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First candle was red and
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second candle should
have entered here,
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And here your target touch exactly.
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SBI got little sideways.
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It didn't get much opportunities.
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So, this is also good.
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Let's go guys.
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We will see you soon
in the next video,
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as I shift to my new home.
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So, I will create a good studio
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and then, will set for more trading
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and very soon I'll bring this
[713]
Forex broker video also
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and a lot more educational videos
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and market analysis as well. Okay.
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Thank you so guys.
Bye, bye.
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