Price Action pattern for intraday trading
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Whether OI useful ?
No one has a exact answer. But one effective way to make use OI in a very different perspective - OUT OF THE BOX from Traditional method
Read the full thread 🧵
Kindly RETWEET & share so it can reach many traders
I do Live Market session every Monday to Friday by 09:00 a.m to 01:00 pm . Also i share important support /resistance levels of Banknifty & Nifty on the Telegram Channel. FOLLOW US @learntotrade365
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This is a EOD OI graph of ICICIBANK. Here i am trying to focus on strike price which has more than 2x OI comparing CE vs PE of individual strikes.
Below 880 strike CE vs PE in which 880 CE has 2x more OI (more writers) compare to 880 pe.
Read the message in the image
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From the above OI graph of EOD 04/09 NOW refer the chart below of the same ICICIBANK for 05 sep
Main focus is not to take 880 levels as resistance just because of more CE OI. My focus if 880 is easily crossing and closing above it to open a bullish opportunity
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EOD OI graph of Bajaj Auto. Here i am trying to focus on strike price which has more than or equal 2x OI comparing CE vs PE of individual strikes.
Below 4000 strike CE vs PE in which 4000 PE has 2x more OI compare to 4000 CE.
Read the content in the below image
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All my threads will be listed under here
Need help getting better entries ?
Here is your thread
Thread on Finding Entries.
— James Lefaith aka Jimmy Momo (@JamesLefaith) June 15, 2021
Firstly you have to be able to identify and area of value for an add.
NEVER BLINDLY BUY\u203c\ufe0f
ALWAYS BUY AT A KEY LEVEL OF SUPPORT, CONFIRMATION & OR IN SOME INSTANCES EVEN AT A BREAK OF A RESISTANCE LEVEL
\u203c\ufe0fThis is how you do that
This is How you can be green on every trade via risk management
RISK MANAGEMENT THREAD
— James Lefaith aka Jimmy Momo (@JamesLefaith) June 17, 2021
Bookmark this; it\u2019s important.
This thread will help you exit (Mostly) EVERY TRADE GREEN but MOST IMPORTANTLY will help you mitigate risk.
HERE is some proof. pic.twitter.com/RNFJtOqJ9C
Thread on high profitability support and resistance setups & trigger points.
\U0001f90dThread on My Support & Resistance System\U0001f90d
— James Lefaith aka Jimmy Momo (@JamesLefaith) June 19, 2021
This Thread Will Help you guys identify favorable, highly profitable, quick and smart money decision areas to add for your entries.
This Thread was requested by my good friends @DevTrades21 and @jessasecond1. Give Them a Follow
Here’s the Jimmy Momo Script, hope you all love it
EVERYONE Here\u2019s the moment we\u2019ve been waiting for, Here is the TOS study based on my candle system.
— James Lefaith aka Jimmy Momo (@JamesLefaith) September 12, 2021
Script created by @richard_the_red everyone give him a follow & thank him for putting in the time. We really hope you all enjoy it & put it to good use https://t.co/0hzRfQ3uGg
💎SECRET INFO inside
🧠Great for both beginners & advanced traders
▪️ What are they?
▪️ Types of MAs
▪️ Why are they such a powerful tool?
▪️ How to properly use them?
▪️ My best SECRET EMA value?
▪️ Which Timeframe to use?
▪️ Advanced EMA technique?
1/20
▪️ What are they?
Moving average is nothing more than an average price of the last (value) of candles.
If we are gonna use an example of MA(50) it is gonna be the mean price of the last 50 candles
General rule:
Price above = Bullish 🐂
Price below = Bearish 🐻
2/20
▪️ Types of Moving Averages
1) Simple Moving Average - SMA
2) Exponential Moving Average - EMA
3) Smoothed Moving Average - SMMA
4) Volume Weighted Average Price - VWAP
There are a few more but these are the most important in my opinion.
3/20
I won't be going that much into detail about each of them in this thread but more so covering MAs in general.
The important takeaway is there are many methods of calculations and each offers bit different pros & cons
I'll leave experimenting with each of them up to you
4/20
▪️ Why are they such a powerful tool?
Because they help everyone, even newbies, that are just starting out, to easily & visually clearly identify trends without understanding the advanced Market Structure techniques.
Price above = 🐂
5/20
https://t.co/g5SneLNPh5
Market Structure (MS)
— J A C K I S (@jackis_trader) July 6, 2020
Understanding MS is the most important thing in TA
It rules above everything. TL's, MA's, Indicators. Everything.
While it's nothing more than looking at swings and seeing Higher Highs (HH), Highers Lows (HL), Lower Highs (LH), and Lower Lows (LL). pic.twitter.com/QbgOSHGkBr
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Where to begin?
So our new Secretary of State Anthony Blinken's stepfather, Samuel Pisar, was "longtime lawyer and confidant of...Robert Maxwell," Ghislaine Maxwell's Dad.
"Pisar was one of the last people to speak to Maxwell, by phone, probably an hour before the chairman of Mirror Group Newspapers fell off his luxury yacht the Lady Ghislaine on 5 November, 1991." https://t.co/DAEgchNyTP
OK, so that's just a coincidence. Moving on, Anthony Blinken "attended the prestigious Dalton School in New York City"...wait, what? https://t.co/DnE6AvHmJg
Dalton School...Dalton School...rings a
Oh that's right.
The dad of the U.S. Attorney General under both George W. Bush & Donald Trump, William Barr, was headmaster of the Dalton School.
Donald Barr was also quite a
Donald Barr had a way with words. pic.twitter.com/JdRBwXPhJn
— Rudy Havenstein, listening to Nas all day. (@RudyHavenstein) September 17, 2020
I'm not going to even mention that Blinken's stepdad Sam Pisar's name was in Epstein's "black book."
Lots of names in that book. I mean, for example, Cuomo, Trump, Clinton, Prince Andrew, Bill Cosby, Woody Allen - all in that book, and their reputations are spotless.