1. DONCHIAN CHANNEL (length 20)
2.RSI (length 14, upper band 60 , lower band 4)
3. OBV-EMA (input 20 )
All the indicators are available in trading view.
(1/n)
This is not just a strategy that I am sharing its an ENTIRE TRADING SYSTEM.
1. where to ENTER
2. SL placement
3. How to manage the trade (MOST important element)
Once I am done sharing I will open the comments section or else the continuity of my post will be interrupted.
1. DONCHIAN CHANNEL (length 20)
2.RSI (length 14, upper band 60 , lower band 4)
3. OBV-EMA (input 20 )
All the indicators are available in trading view.
(1/n)
DC - will serve as a tool for ENTRY
RSI - will serve as a tool for entry confirmation as well as ENTRY
OBV-EMA - will serve as a tool for TREND IDENTIFICATION as well as TRADE EXIT
(3/n)
1. ENTRY A = entry with the help of DC (please remember this )
2. ENTRY B = entry with the help of RSI (please remember this )
(4/n)
ENTRY A will help you to catch an ONGOING TREND.
In other words you will be able to enter on the MAJOR TREND that has been going on for the past few days.
(7/n)
For SHORT entry
RSI BREAKDOWN below 40
OBV in SELL MODE
DONT WAIT FOR DC BREAK ( DC has no role in this entry)
(8/n)
RSI BREAKOUT above 60
OBV in Buy Mode
DONT WAIT FOR DC BREAK (DC has no role in this entry )
(9/n)
Entry B will help you catch INTRADAY REVERSALS
Hence you are participating both on the major trend with entry A as well as on the minor trend with entry B
(10/n)
includes both entry A and entry B
valid entries are written in GREEN
invalid entries are written in RED
(11/n)
1. FOR NIFTY
a. CANDLE LOW if less than 60 points
b. If Candle LOW is more than 60 points then don't put SL at CANDLE LOW.
We will not give market more than 60 points on any trade.
if you are conservative like me then stick to 40 points.
(12/n)
a. CANDLE LOW if less than 150 points
b. If CANDLE is more than 150 points then dont put at candle low
We will not give market more than 150 points on any trade
if you are conservative like me then stick to 120 points
(13/n)
1. Trail your SL by 1 point for every 2 point move
eg. if price moves 20 points trail your SL by 10 points
2. Once Price moves 1.5 times of your Risk. Move SL to COST.
eg. if risk is 40 points. When price moves 60 points shift SL to COST.
14/n
1. DO NOT BOOK 1:2. It will REDUCE your profitability
We are TREND FOLLOWERS. Our SL will be fixed.
NOT OUR PROFIT.
2. When you have moved SL to cost you will do NOTHING.
JUST SIT TIGHT
3. EXIT at END OF DAY or if OBV changes its COLOUR
(15/n)
look at the pictures. OBV did not change colour the whole day. if you can capture these days several days of your small losses will be covered in one single day.
(16/n)
2. AFTER SL is at COST: NO MORE INTERFERENCE from your side. YOU HAVE TO BE DISCIPLINED. let the trade RUN.
(17/n)
4. In Trend Following Less is more. Lesser the interference, better the result.
(18/n)
More from Screeners
This scan will give you linear/smooth/non-choppy trends which are great for pullback trades for working people.
#BroTip
#BroTip
If you want to trade only stocks with established trend/momentum, then you can look for stocks which have never(or barely did) closed below a certain MA (say 50MA) in the last say 50 days.
— Manas Arora (@iManasArora) November 8, 2021
There are countless ways to run scans. Just have to get creative. #BroTip
Time for a new thread on the possibilities I am looking for.
Do read it completely to understand the stance and the plan.
1. The moving average structure - Many traders just look at the 200 ma test or closing above/below it regardless of its slope. Let's look at all the interactions with 200 ma where price met it for the first time after the trend change but with 200 ma slope against it
One can clearly sense that currently it is one of those scenarios only. I understand that I might get trolled for this, but an unbiased mind suggests that odds are highly against the bulls for making fresh investments.
But markets are good at giving surprises. What should be our stance if price kept on rising? Let's understand that through charts. The concept is still the same. Divergent 200 ma and price move results in 200 ma test atleast once which gives good investment opportunities.
2. Zig-Zag bear market- There are two types of fall in a bear market, the first one is vertical fall which usually ends with ending diagonals (falling wedges) and the second one is zig zag one which usually ends with parabolic down moves.
Do read it completely to understand the stance and the plan.
This thread will present a highly probable scenario of markets for the upcoming months. Will update the scenario too if there is a significant change in view in between.
— Aakash Gangwar (@akashgngwr823) May 15, 2022
1/n https://t.co/jfWOyEgZyd
1. The moving average structure - Many traders just look at the 200 ma test or closing above/below it regardless of its slope. Let's look at all the interactions with 200 ma where price met it for the first time after the trend change but with 200 ma slope against it
One can clearly sense that currently it is one of those scenarios only. I understand that I might get trolled for this, but an unbiased mind suggests that odds are highly against the bulls for making fresh investments.
But markets are good at giving surprises. What should be our stance if price kept on rising? Let's understand that through charts. The concept is still the same. Divergent 200 ma and price move results in 200 ma test atleast once which gives good investment opportunities.
2. Zig-Zag bear market- There are two types of fall in a bear market, the first one is vertical fall which usually ends with ending diagonals (falling wedges) and the second one is zig zag one which usually ends with parabolic down moves.
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**Thread on Bravery of Sikhs**
(I am forced to do this due to continuous hounding of Sikh Extremists since yesterday)
Rani Jindan Kaur, wife of Maharaja Ranjit Singh had illegitimate relations with Lal Singh (PM of Ranjit Singh). Along with Lal Singh, she attacked Jammu, burnt - https://t.co/EfjAq59AyI
Hindu villages of Jasrota, caused rebellion in Jammu, attacked Kishtwar.
Ancestors of Raja Ranjit Singh, The Sansi Tribe used to give daughters as concubines to Jahangir.
The Ludhiana Political Agency (Later NW Fronties Prov) was formed by less than 4000 British soldiers who advanced from Delhi and reached Ludhiana, receiving submissions of all sikh chiefs along the way. The submission of the troops of Raja of Lahore (Ranjit Singh) at Ambala.
Dabistan a contemporary book on Sikh History tells us that Guru Hargobind broke Naina devi Idol Same source describes Guru Hargobind serving a eunuch
YarKhan. (ref was proudly shared by a sikh on twitter)
Gobind Singh followed Bahadur Shah to Deccan to fight for him.
In Zafarnama, Guru Gobind Singh states that the reason he was in conflict with the Hill Rajas was that while they were worshiping idols, while he was an idol-breaker.
And idiot Hindus place him along Maharana, Prithviraj and Shivaji as saviours of Dharma.
(I am forced to do this due to continuous hounding of Sikh Extremists since yesterday)
Rani Jindan Kaur, wife of Maharaja Ranjit Singh had illegitimate relations with Lal Singh (PM of Ranjit Singh). Along with Lal Singh, she attacked Jammu, burnt - https://t.co/EfjAq59AyI
Tomorrow again same thing happens bcoz fudus like you are creating a narrative oh Khalistan. when farmers are asking MSP. (RSS ki tatti khane wale Kerni sena ke kutte).
— Ancient Economist (@_stock_tips) December 5, 2020
U kill sikhs in 1984 just politics. To BC low IQ fudu Saale entire history was politics.
Hindu villages of Jasrota, caused rebellion in Jammu, attacked Kishtwar.
Ancestors of Raja Ranjit Singh, The Sansi Tribe used to give daughters as concubines to Jahangir.
The Ludhiana Political Agency (Later NW Fronties Prov) was formed by less than 4000 British soldiers who advanced from Delhi and reached Ludhiana, receiving submissions of all sikh chiefs along the way. The submission of the troops of Raja of Lahore (Ranjit Singh) at Ambala.
Dabistan a contemporary book on Sikh History tells us that Guru Hargobind broke Naina devi Idol Same source describes Guru Hargobind serving a eunuch
YarKhan. (ref was proudly shared by a sikh on twitter)
Gobind Singh followed Bahadur Shah to Deccan to fight for him.
In Zafarnama, Guru Gobind Singh states that the reason he was in conflict with the Hill Rajas was that while they were worshiping idols, while he was an idol-breaker.
And idiot Hindus place him along Maharana, Prithviraj and Shivaji as saviours of Dharma.
