A small thread on intraday support resistance logics over time

The most common is Pivot , support and resistances calculated from the previous day's data

https://t.co/ILMjMay1zc

They can be calculated for daily, weekly, monthly etc.

Camarilla levels are also quite popular. This seemed to be the next best thing after the original pivots at one point of time.

https://t.co/JIO9Ou2NtQ
Over the years, many other technicians have tried to devise other methods to devise intraday support resistance points. In almost all cases, the previous days OHLC were used in some variation, in some cases today's OPEN was also used as an input
I have gone through almost all of the formulas. Some work on some days, some days it doesn't.
What struck me was that in each of the cases , we were using the OHLC and doing some maths with a multiplier/divider which WE/the trader thought fits the price action of the markets
This is the same as choosing a time period of an indicator and hope the market follows my choice of time frame to give me good trades. Like say a crossover of a 5/13 moving average, or a 14 period RSI or whatever.
These periods are determined by backtesting over a set of data and finding the best fit for that market.
Now the problem is, what has worked on the past set is on the past set. There is no guarantee that it will work in the future. As markets change, what do we do ?
We continuously change the timeframe based on the best fit on some backdata ? ( continuous optimization)

A few lines of code on python can do this ( choosing some X period of backdata, identifying the best fit and applying them the next day).
We can term it as ML, AI, neural net whatever, but the fact remains it's glorified curve fitting. Chances of such approach working are at best, random.
I walked on a completely different path after going through everything. Rather than backtesting, I decided to forward test. Small trades with my own money and posting the levels on twitter. If the levels did not work, the feedback on twitter would obviously be negative.
If the levels were of importance, then also twitter would provide me the required feedback from hundreds of traders.
Hence I started posting on twitter
Hence, you see the Ranges and Balance everyday. There is another element in this study which I so far have not posted, a BIAS. A BIAS is simply whether you should be bullish or bearish for the day. Will start posting that too from next week after I make the requisite changes
I have always believed in sharing codes or logic. But my experiences on social media have made me realise, that these codes gets repackaged/pirated and sold/used. The same people then come after me including the self- proclaimed quants.
So no free lunch ( free open code), if someone is that smart let him/her work in identifying how I am doing this. I will not utter a single word on the construction as some very smart people on my twitter timeline can then work in deciphering the code / approach.
From next week, will be posting the the levels with BIAS.
Will also write a detailed article/manual on how to use the levels in intraday trading .

Thank you for reading through my rant :)

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कुंडली में 12 भाव होते हैं। कैसे ज्योतिष द्वारा रोग के आंकलन करते समय कुंडली के विभिन्न भावों से गणना करते हैं आज इस पर चर्चा करेंगे।
कुण्डली को कालपुरुष की संज्ञा देकर इसमें शरीर के अंगों को स्थापित कर उनसे रोग, रोगेश, रोग को बढ़ाने घटाने वाले ग्रह


रोग की स्थिति में उत्प्रेरक का कार्य करने वाले ग्रह, आयुर्वेदिक/ऐलोपैथी/होमियोपैथी में से कौन कारगर होगा इसका आँकलन, रक्त विकार, रक्त और आपरेशन की स्थिति, कौन सा आंतरिक या बाहरी अंग प्रभावित होगा इत्यादि गणना करने में कुंडली का प्रयोग किया जाता है।


मेडिकल ज्योतिष में आज के समय में Dr. K. S. Charak का नाम निर्विवाद रूप से प्रथम स्थान रखता है। उनकी लिखी कई पुस्तकें आज इस क्षेत्र में नए ज्योतिषों का मार्गदर्शन कर रही हैं।
प्रथम भाव -
इस भाव से हम व्यक्ति की रोगप्रतिरोधक क्षमता, सिर, मष्तिस्क का विचार करते हैं।


द्वितीय भाव-
दाहिना नेत्र, मुख, वाणी, नाक, गर्दन व गले के ऊपरी भाग का विचार होता है।
तृतीय भाव-
अस्थि, गला,कान, हाथ, कंधे व छाती के आंतरिक अंगों का शुरुआती भाग इत्यादि।

चतुर्थ भाव- छाती व इसके आंतरिक अंग, जातक की मानसिक स्थिति/प्रकृति, स्तन आदि की गणना की जाती है


पंचम भाव-
जातक की बुद्धि व उसकी तीव्रता,पीठ, पसलियां,पेट, हृदय की स्थिति आंकलन में प्रयोग होता है।

षष्ठ भाव-
रोग भाव कहा जाता है। कुंडली मे इसके तत्कालिक भाव स्वामी, कालपुरुष कुंडली के स्वामी, दृष्टि संबंध, रोगेश की स्थिति, रोगेश के नक्षत्र औऱ रोगेश व भाव की डिग्री इत्यादि।