The CPR indicator is based on the concept of support & resistance levels. It can be used to help identify potential entries/exits
(1/N)
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 CPR indicator is based on the concept of support & resistance levels. It can be used to help identify potential entries/exits
(1/N)
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 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)
The CPR Indicator consists of 3 components:
Pivot = (High + Low + Close)/3
BC = (High + Low)/ 2
TC = (Pivot – BC) + Pivot
(4/N)
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)
By default, it will have a 'line' and it doesn't look smooth.
(6/N)
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)
(8/N)
(9/N)
Hint: Short Straddle traders can take more risk 😂
(10/N)
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)
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)
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)
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)
You can use these levels as support and resistance.
(14/N)
- 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)
You can watch the below video to know more!
https://t.co/5tbHLAREKR
(16/N)
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
Add the 'Pivot Points' indicator, go to settings and change the type to 'CPR'
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Shifting to Stocks!
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(1/N)
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(4/N)
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Hello!! 👋
• I have curated some of the best tweets from the best traders we know of.
• Making one master thread and will keep posting all my threads under this.
• Go through this for super learning/value totally free of cost! 😃
1. 7 FREE OPTION TRADING COURSES FOR
A THREAD:
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7 FREE OPTION TRADING COURSES FOR BEGINNERS.
Been getting lot of dm's from people telling me they want to learn option trading and need some recommendations.
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(1/10)
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1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
The absolute best 15 scanners which experts are using.
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Got these scanners from the following accounts:
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3. @sanstocktrader
4. @SouravSenguptaI
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Share for the benefit of everyone.
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2. @sourabhsiso19
3. @ITRADE191
4.
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Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"
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This is my finished product: https://t.co/otcM1uuUDk
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1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
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FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
