Hence Proved:
Bulls love Valley's (V shaped)
#Bulls hate Mountains.
😉😉😁

For Shorting like my Dixon short trade -Find stocks that have negative monthly price cycle & turning into EMA 10/20 on weekly

From there you can get low risk entry point & good R:R

Just need 1-2 good short trade for a 3% monthly gain. Extreme patience to wait for best time

Making a watchlist of stocks,
- Open ~= Low
- Trading above 100/ 200ema
- Better relative strength
- Near important Fibonacci retracement levels
- Trading above weekly SuperTrend

@ChartinkConnect will help you make this

PGEL
AIAENG
NBVENTURES
SUMICHEM
ROLEXRINGS
CREDITACC
BDL

These are some names that popped up in the scanner.

Let me know which stocks you are tracking.
Did anyone take a fresh entry?

#Nifty

Fundamentally Good Stocks
High Volume and Delivery
Strong Price action
Either breaking 2 year High or within 2 Year High Range.

Combo created using @mystockedge to print money.

#FreeTip An intraday pivot trading system rule snapshot for long and short and when not to take the long and short.
Handwritten rule.

#USDINR is headed towards is All time highs this month

High USD oil + high USDINR = big headwinds

A rising wedge when broken decisively on the upside turns into a channel and stretches a little on the top of channel after a non stop move. Expecting this trajectory as of now.
#DXY

How to add up your positions

All those interested in Relative Strength based Momentum investing/trading may listen to this YT interview (English subtitles available) of the Grand Daddy of Momentum investing Gary

Friends,
in this thread, I shall explain important trading concepts in simple way.

It takes time to create content. I hope you find it worthy of RETWEET.

If response is good, then I shall continue with this series to cover more in depth concepts/ different scenarios.

1. Trending markets

2. Choppy markets

3. Handling losses

4. Handling profits

#DollarIndex played a major role in the fall of crude in last 2 months , as #Dxy retraced a little , #Brent is galloping towards 110 , if Dxy sustains below 105 & move towards 130 , #Brent may retest 120+ levels
#Bidenflation #OOTT

Spotted 3 beautiful #MorningStar (Bullish Reversal) patterns in weekly tf. Find them - they could be youre winners going forward

Intraday setup for Index derivatives trading - ORB + Pivot Points

Again not my setup. Read about it in Andrew Aziz's book . Modified it a little to suit intraday option selling. Have been working very well so far especially in BNF.

Use 5 mins chart in Nifty and BNF spot. Add Central pivot range, Pivot Points standard on to the chart (Available in Zerodha)

Basically, we are looking for days when Nifty or BNF trend (either up or down)

2/

Mark previous day high and low on the chart. Wait till 9.30 am.

Case 1: Upside Breakout. If a 5 mins candle closes above Previous day high and pivot point (R1 or R2), go long (Futures, Option buy or sell whatever suits)

Case 2: Downside Breakout. If a 5 mins candle closes below Previous day low and pivot point (S1 or S2), go short (Futures, Option buy or sell whatever suits)

Keep the SL below/above the breakout/breakdown candle and trail the SL for target

You would get these setups 7-8 times on index in a month. Success rate would be 40-50%. But the risk reward is very good ranging from 1:3 to 1:5 as well

Do u want to study past bear markets?

Use Weekly chart
Plot Bollinger Bands with 50,2 setting
Locate when ever price hit lower band
Locate the highest swing high befoire the fall
The period in between is bear market

Here we have 4 such occations after 2010.

@vcpchartist @buzz_chronicles save as screeners

save as screeners