BC TRADING STRATEGIES
Saved by @SUDRED12

You don't need to pay someone ₹50,000 or even ₹25,000 to know CPR Indicator.

This thread will show you how...for Free.

Here's My 16-Points For Using CPR Indicator Into A Profitable System in Intraday Trading:

Thread 🧵

 The Central Pivot Range (CPR) indicator is a technical analysis tool that is used by traders to help identify potential trading opportunities

The CPR indicator is based on the concept of support & resistance levels. It can be used to help identify potential entries/exits

(1/N)
CPR is developed by Frank Ochoa. It is similar to Pivot Points but with additional lines (TC & BC).

As per Frank,

CPR is the Swiss Army Knife of pivots, and Like the Moon, the central pivot range controls the tides of the market.

(2/N)
Pivot Points Formula

Pivot point (PP) = (High + Low + Close) / 3
R1 = (2 x PP) – Low
S1 = (2 x PP) – High
R2 = PP + (High – Low)
S2 = PP – (High – Low)

(3/N)
CPR Indicator Formula

The CPR Indicator consists of 3 components:

Pivot = (High + Low + Close)/3
BC = (High + Low)/ 2
TC = (Pivot – BC) + Pivot

(4/N)
Instead of using the Pivot Points indicator, use CPR Indicator with R1, R2, and S1, S2 levels.

This setup gives more comfort to intraday traders.

In Tradingview, search for "Mnj-CPR" and enable these levels in settings as shown in the image.

(5/N)
In addition, set the visibility of these lines to 'circles' so they appear smooth.

By default, it will have a 'line' and it doesn't look smooth.

(6/N)
The beauty of this indicator is its values remain the same even if you change the timeframe (as it is calculated from the previous day range)

It immensely helps day traders!

Check the Nifty chart on 5-Sep-2022 in 5-min & 15-min timeframe, and CPR values are the same.

(7/N)
If the price opens and sustains above CPR range in the open action for 5-15 minutes, then we can retain the 'Bullish' view.

(8/N)
If the price opens and sustains below CPR range in the open action for 5-15 minutes, then we can retain the 'Bearish' view.

(9/N)
If the price opens and sustains within CPR range in the open action for 5-15 minutes, then we can retain the 'Sideways' view.

Hint: Short Straddle traders can take more risk 😂

(10/N)
Market displays this behavior (open above, below, and at CPR) with high probability.

It fails rarely. But all these rare failures display 'One Unique Behavior.'

If you find out this, it will take your trading to the next level.

This is your homework🤣🤣

(11/N)
Narrow CPR indicates a trending market.

Check the below Banknifty chart on 8-Sep-2022.

CPR is completely narrow, and the market trended on the upside (open above CPR confirms uptrend).

(12/N)
Wide CPR indicates a range-bound market

Check the below Banknifty chart on 1-Sep-2022

CPR is completely wide, and the market displayed range-bound moves for the entire day

Hint: Straddle traders can take some more risk (in case of wide CPR + Price closes inside CPR) 😂

(12/N)
Once again, the market displays this behavior (narrow & wide CPR) with high probability

It fails rarely. But all these rare failures display 'One more Unique Behavior.'

Find out this, and you will have a special edge over other traders!

This is your second homework🤣🤣
(13/N)
Whenever you take a trade, carefully observe price action at R1, R2, S1, and S2.

You can use these levels as support and resistance.

(14/N)
Intraday Trading:
- Use "Daily CPR"
- Use only a 5-min or 15-min timeframe.

BTST/Swing Trading:
- Use "Weekly CPR"
- Use only a 1-Hour or 2-Hour timeframe.

(15/N)
@cprbykgs introduced CPR Indicators in India.

You can watch the below video to know more!

https://t.co/5tbHLAREKR

(16/N)
That's a wrap!

You can appreciate my work by doing these simple things:

1. Follow me
@indraziths

for more threads on the stock market trading

2. RT the tweet below to share this thread with your audience

3. Read my new book about Intraday Trading

https://t.co/YCiVbk3SVC
CPR is also available with the @gocharting platform

Add the 'Pivot Points' indicator, go to settings and change the type to 'CPR'

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VOLUME is the ultimate Trading cheat code.

But, most people never use it in the right way – because no one ever taught them how.

Here are 10 psychological triggers to knowing Volume in a better way :

Traditional idea of Volume:

- if the price increases with an increase in volume, it is BULLISH
- If the price is increasing without volume, it is BEARISH
- if the price is falling with an increase in volume, it is BEARISH
- if the price is falling without volume, it is BULLISH


But this doesn't hold good every time!

Let's look at some examples.

Ex #1: Tata Consumer (Daily Chart)

Here the price has gone upside from 640 to 780 without any increase in the volume!


Ex #2: Axis Bank (Daily Charts)

Here the price has gone up from 420 to 580 without much increase in the volume.


Do you think it can happen only in an uptrend?

Look at these charts!

Ex #3: Reliance (Daily chart)

Reliance fell from 1620 to 1300 without an increase in volume!
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Price + Open Interest (OI) + Volume = Deadly Combo

There are many tools for Open Interest. Options Decoder from @TrueData2 is one of the simple yet powerful tools on options and OI.

Below are the 10 Powerful Features of Options Decoder

Thread 🧵🧵

(1/N)


#1 - PE CE Difference

This feature combines the OI of call options and put options and plots against each other.

At one glance, we can know what big players are doing!

(If they are selling more CE means, they are bearish on the underlying instrument)

(2/N)


#2 - Advance/Decline

This feature displays all the F&O stocks in one place.

In one click, we can see the stocks in any order (like an increase in price, increase in OI, or decrease in volume, etc).

A highly useful feature for options traders!

(3/N)


#3 - Open High

This feature displays all the strike prices that have an open high (or open low) for the selected instrument.

If many CE strikes show "Open Low", then the market is bullish!

(4/N)


#4 - IV Price-OI Chart

This feature plots CE and PE vs. Open Interest (OI) for the ATM strike price.

Always Remember:

CE Long Build Up + PE Short Build Up = BULLISH

PE Long Build Up + CE Short Build Up = BEARISH

CE Short Build Up + PE Short Build Up = SIDEWAYS

(5/N)
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If Short Strangle’s margin and unlimited loss potential is too much for you then the Iron Condor option strategy could be a perfect fit for you. It's not as complex as it sounds

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1/ Big Brother of Short Strangle (SS)

I am sure you read our previous thread on SS where you sell slightly OTM options in a sideways market.

To create an IC

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Buy the next OTM PE

Let’s clear with an example

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Super trend is widely used indicator so here in this thread i will be suing Super trend & SMA 21 to go with the trend

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1/Don't hate on any style:

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राम-रावण युद्ध समाप्त हो चुका था। जगत को त्रास देने वाला रावण अपने कुटुम्ब सहित नष्ट हो चुका था।श्रीराम का राज्याभिषेक हुआ और अयोध्या नरेश श्री राम के नेतृत्व में चारों दिशाओं में शन्ति थी।
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माता सीता भी हनुमान को पुत्रवत मानती थी। अत: हनुमान अयोध्या में ही रह गए ।राम दिनभर दरबार में, शासन व्यवस्था में व्यस्त रहते थे। संध्या को जब शासकीय कार्यों में छूट मिलती तो गुरु और माताओं का कुशल-मंगल पूछ अपने कक्ष में जाते थे। परंतु हनुमान जी हमेशा उनके पीछे-पीछे ही रहते थे ।


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