#BANKNIFTY
#PSI does wonders in intraday if u practice correctly.
BNF gaps up but PSI was bearish right from open and short executed once it broke developing cpr.
Power of PSI. Unlike conventional indicators, psi is based on what is happening currently as it is based on dev cpr

#INDICATORS
All my TV indicators can be accessed by adding to favorites from the below link:
https://t.co/vSyPBEvnLY
Notable ones r:
1) JPMUPS - contains all the pivots
2) Pivotshift
3) ADMIN
4) DPW
5) Pivotwidth for next session
......
and much more.

#FreeTip Most of the stocks after coming out of a base moves 20%-25% after which it starts consolidating to form another base. So ideally book profits at 20%-25%.Only exception is when a stock goes up 20% within 3 wks of breakout,in which case hold for min 8 wks. O Neil Rule.

#TRADING
#BANKNIFTY Pivot + vwap trading system

A) Short - 1) close less than ema200, prev day vwap, cam l3, floor pivot low; 2) distance between prev day vwap and cam l3 & floor pivot low should not be more than 1.5% (to avoid over extension); 3)vwap less than ema200
OR
--1/n

...................2/n
B) Price high crosses down weekly pivot high.
OR
C) Price crosses down camarilla h3 and candle low is lower than prev candle low.

Position taking between 945 am till 245 pm.

Cover at close or when price crosses 2 std deviations above current vwap or when price crosses weekly pivot low from downwards or when price crosses daily pivot low from downwards.

Backtest results since feb 2019 :
Annual return 43%
Drawdown 2.6%
Profit factor 1.9
Winning trades 50%
Timeframe 5 min chart

Intraday data for Bnf futures not available before 2019 for increasing the sample size.

#FreeTip
#INTRADAY
Trend,Direction,Momentum(TDM).
D and M can be assessed only after mkt opens. Trend can be assessed the prev day through Cam lvl 3 width. Try trading BNF ONLY when Cam width is narrower (Red) which can be assessed the prev day. U can see improved results.

** MEGA THREAD ON INVESTING **

I was thinking about what kind of resources I'd want to have if someone has to start learning investing right now, the ones I wish I had two three years back.

This thread is a compilation of the best resources I have come across. 👇👇👇

Let's start with ** BOOKS **

1) The Intelligent Investor - Ben Graham :

Classic book, suggested by investors all over the world. Start with this book.

2) One up on Wall Street

Peter Lynch covers his strategies to find 10 baggers, and describes how an average Joe can do as well as the pros with simple methods and rock solid discipline and consistency backing it.

3) Common Stocks Uncommon Profits

This is a Phil Fisher classic.

It's on the other end of the spectrum as the book dives into a deep qualitative approach in value investing rather than being fully quantitative like Ben Graham's.

4) Security Analysis

Another book by Ben Graham that dives deep into analysing and understanding the valuations of any company you pick up to study.

How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)

Basics of PMS / IM for New Investors :

Basic Qualification Criteria :

~ Sales CAGR > 15 %
~ ROCE > 18%
~ PEG < 2.5
~ 1 Year Forward PE < 30
~ Debt / Equity < 0.3
~ *Prom stake > 51 %
~ Analyse Quarterly Results closely.
~ Minimum 15 stocks
~ Time - 2 year
#investing

Inside Bar (IB) is an effective trading strategy where a range is formed & we trade on a Breakout/Breakdown.

What is IB?

Textbook definition of IB:
When the current bar is trading inside the previous candle's high and low (range)

Here's a live example from the Tata Steel Chart where you can see multiple IB forming on 15 minutes chart.

I've marked 2 IBs in the circle where we can find the mother candle & the inside bar candle.

So how do we trade this?

If the overall trend is bullish, then you should be looking at high on the mother candle. When the mother candle's high is broken, you can place your SL at:
1. Low of the mother candle, or
2. Low of the Inside Bar candle.

Both the eg are in charts:

And Vice Versa for the Bearish bias.

If the overall trend is bearish, then you should be looking at low on the mother candle. When the mother candle's low is broken, you can place your SL at:
1. High of the mother candle, or
2. High of the Inside Bar candle.

I prefer keeping the high or low of the inside bar candle as my SL.

Remember there are 100s of ways to trade this, ultimately your position sizing & risk management will come into play.

Position sizing can be calculated using the SL, and risk can be managed.