A hallmark of the Chart Mojo style is the "naked chart." Gurjar advocates for removing unnecessary indicators that cause analysis paralysis. Instead of watching overlapping lines, a trader's focus is directed toward swing highs, swing lows, and the interactions between buyers and sellers at key structural boundaries. 3. Horizontal Support and Resistance
Pinpointing horizontal levels where price is likely to reverse or breakout. Key Components of the Strategy
: Once broken, resistance often becomes support, and vice versa. 3. Candlestick Anatomy
"Price action leads. Indicators lag." — Sunil Gurjar price action trading sunil gurjar
He emphasizes capital preservation over quick profits.
Price movements represent the collective emotions of traders.
If you want to go deeper:
| Mistake | Gurjar’s Solution | | :--- | :--- | | | Only use "Swing Highs" and "Swing Lows." Delete diagonal trend lines if they don't touch at least 3 points. | | Trading against the 1-hour trend | Check the higher timeframe (HTF) first. Only take buy signals on the 5-minute chart if the 1-hour chart is bullish. | | Entering too early | Wait for the candle to close . Never enter during the formation of a candle. |
Using Pin Bars, Engulfing patterns, and Marubozu to spot reversals.
: Observing how price reacts at key levels to determine if a move is sustainable or a fake-out. Price Action Trading - ReaderKart.com A hallmark of the Chart Mojo style is the "naked chart
As Sunil often suggests: This mindset shift helps traders avoid bias and stay disciplined during market volatility. If you’d like to dive deeper, let me know:
: He teaches both Initial Stop Loss placement (to protect capital) and Trailing Stop Loss techniques (to lock in profits).