My System for momentum trading🧵:

1. Stock Identification:

Daily and Weekly Delivery Analysis using @mystockedge
Theme Confirmation using Internet and Network

2. Stock Confirmation:

Relative Strength of a stock visavis market using RS55 model listed in @mystockedge

1/n

3. Stock Participation:

Only when chart showing short term breakout along with RS55>0 and RSI>50. I am ready to leave some initial movements.

4. Position buildup:

Every time the stock gives a breakout from the previous swing high add more position and go all-in.

2/n

5. Stock Exit:

I run two portfolios: Short term Swing and Long term Swing.

For Exit in Short term swings, I use a 2hourly Chart with super trend and RS. I am using @tradingview for the same.

For long term swing, I exit when the RS of the stock goes below 0. Period.

n/n

Financial Improvement with Price Action (FIPA) Stocks

Shared this Scanner this morning and look at the List of Stocks that performed. I am not a magician. I try to keep it simple. Use @mystockedge for Simple Stock Scanners.

Subscribe today and support https://t.co/bdmscRs4iv

This is the reason I just follow my RS for #peacefultrading

#indianhotel
#PowerofRS

#PowerofRS
Entry or Exit
All Sorted

60 minutes of live session on how to do your own stock research for trading with examples.

KISS (Keep it Simple)

1. Identify Eagle Stocks from @mystockedge Swing Strategy
2. Make a Watchlist in both @mystockedge and @tradingview
3. Track the price movement and enter the stock when the price showing strength and continue till RS strong

E.g #ALKYLAMINE , what a beauty.

High Stocks with potential to go Higher.

Combination made using @mystockedge

Keep it Simple Baby

Stocks with super improvement in Financials as per latest quarterly results and strong price action.

Simplest short term momentum combination. Stocks that can give small movement with breakout.

Stocks with Significant Increase in Call Open Interest.

This means there is good buildup there. Expect some significant movement in few days. Keep them on your watchlist.

Access this scan for FREE in the SCAN feature of @mystockedge

Keep it Simple Stupid!

#cdsl has been a great compounder with a simple RS strategy.

1000 was clearly evident as discussed 2 months ago in #StockEdgeClub

Made a combo using @mystockedge

Strong stock
Long position on fri
High delivery on fri
High cash volume on fri

A thread on Price action and how to identify stocks showing strong price action.

For me price action is when you answer the What,When,Why,How and Where of price movement of any underlying.

Its a language you use to communicate with the underlying.

Key Parameters thread

1/n

Short term price action is judged when the underlying is crossing precious day high or low. Why last day action is important?Because there are enough short term traders who act at these levels,especially if that day had lots of activities showcased by volume and delivery.

2/n

Monthly high, low, close are again important as the stocks are typically evaluated on monthly basis for mid term performance. Operator building large positions will react when market breaches these critical levels.

3/n

Just like monthly, 52 week i.e yearly data is also critical as a symbolic performance of an underlying for long term actions.

4/n

VWAP literally helps you to judge the behavior of operator. Typically that the price at which operator has build positions. If you combine VWAP with closing, you will be able to judge the probable demand and supply zone of any underlying.

5/n

Strong stocks.
Good latest quarterly results.
Trading at 52week high zone.
Good balance sheet performance.

These stocks should be in your buying watchlist.

Try your hand using the simplest scanner in town @mystockedge

#Stocks2Watch

High delivery
Weekly High Price
High Return on Equity

New combo scan by me using @mystockedge

Stocks with amazing quarterly results and strong price action.

Keep them in your watchlist, especially in falling markets.

High ROE
Low PE
Increasing Institution holdings
Consistent sales growth

Good, Strong and Resonable Stocks (GSR) for your trackings.

Created using Combo Scans of @mystockedge