Price Action Trading Sunil Gurjar __hot__ Review

Sunil Gurjar , the founder of Chartmojo, focuses on a "pure price" approach that eliminates reliance on complex technical indicators like RSI or MACD. His methodology centers on understanding market psychology through price movement and volume alone to time entries and exits. Core Trading Principles

Pure Price Interpretation: Gurjar views the market as a storyteller; traders must learn to "read" this story by observing OHLC (Open, High, Low, Close) data rather than lagging indicators.

Market Stages: His approach requires identifying current market phases, such as accumulation, markup, and distribution, to anticipate significant price moves.

Multi-Timeframe Analysis: He advocates for using larger timeframes (like Daily or Weekly) for identifying overall trends and smaller timeframes (like 1H or 15M) for precise entry.

Price Dynamics: Traders should identify zones of Price Rejection (marked by long wicks) versus Price Acceptance to pinpoint accurate trade signals. Key Technical Tools

Candlestick Patterns: Gurjar emphasizes high-probability signals such as Pin Bars (rejection), Engulfing Candles (reversal), and Inside Bars (consolidation). price action trading sunil gurjar

Chart Formations: His system utilizes classic structures like Head & Shoulders, Double Tops/Bottoms, and Flags to identify potential breakouts or reversals.

Support and Resistance: Mastering these levels is fundamental for identifying key zones where the price is likely to react.

Volume Analysis: He combines price action with volume to detect institutional activity and confirm the strength of a trend or breakout. Risk Management & Execution

Position Sizing: Determining the correct trade size based on account capital and risk tolerance is critical to his philosophy.

Stop-Loss Strategies: He teaches both Initial Stop Loss placement (to protect capital) and Trailing Stop Loss techniques (to lock in profits). Sunil Gurjar , the founder of Chartmojo ,

Trading Journal: Maintaining a detailed record of trades is emphasized as a way to build discipline and refine long-term strategy.

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This piece is structured as an educational insight, capturing his core philosophy, practical rules, and a trader’s mindset.

2.3. Change of Character (CHoCH)

While BOS signals continuation, the Change of Character (CHoCH) signals reversal. This is arguably the most critical signal in Gurjar’s arsenal.

The Essential Toolkit: Sunil Gurjar’s Price Action Strategies

Let’s break down the specific techniques that Sunil Gurjar uses to consistently extract money from the markets. Definition: A CHoCH occurs when price breaks the

3. Support, Resistance, and Supply/Demand

Sunil Gurjar often refers to "Supply and Demand" zones rather than just simple support and resistance lines.

His strategy involves waiting for the price to approach these key zones and then looking for a confirmation candle. He does not recommend blindly buying at support; he waits for the market to prove it is ready to bounce.

A Simple Sunil Gurjar Price Action Setup

Here is a classic setup he teaches for a Bullish Trade:

  1. Identify the Trend: Zoom out to a 1-hour or 4-hour chart. Ensure the market is making Higher Lows (Uptrend).
  2. Find a Key Level: Draw a horizontal line at a recent swing high (Resistance).
  3. Wait for the Breakout: Price breaks above the resistance.
  4. The Flip (Role Reversal): The broken resistance now becomes new support.
  5. The Entry: Price returns to test that new support zone. Look for a bullish Pin Bar or Engulfing candle.
  6. Place your Stop Loss: Just below the Pin Bar low or the support zone.

Result: You are buying a retest of a broken level, aligning with the trend. This is a high-probability trade.

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