Breakout Scanner listed many charts today!
Steps to use this FREE Scanner - https://t.co/3teN7Jtuyk
(Link is given inside the article) https://t.co/CNMGIPbK5S
More from Indrazith Shantharaj
1 - Accuracy
There is no such thing as 90% Accuracy without compromising on other factors (like profit factor, etc)
Fact - A good trading system will have only 35-60% accuracy without compromising other factors.
(1/n)
2 - Profit Factor (PF)
It is similar to risk-reward. It is derived using the below formula:
Profit Factor = Total Profit by winning trades / Total loss by losing trades
Fact - A trading system above 1.2 PF is good if it scores well with other factors.
(2/n)
3 - Maximum Drawdown
The maximum drawdown also plays a vital role psychologically while picking a trading system.
Fact - Maximum Drawdown in any trading system should not exceed 20%. I suggest picking only the techniques which have less than 10% maximum drawdown.
(3/n)
4 - Maximum Consecutive Losers
We all feel bad even if we lose only Rs.1,000 in a trade. Because it is not only about the money, it is emotionally difficult to accept the failure.
Fact - A good trading system will have less than 15 consecutive losing trades.
(4/n)
TRADE LIKE CRAZY
10 Profitable Intraday Trading Systems, which are backtested against 10-years of Banknifty Historical Data!
(n/n)
https://t.co/BuUie17Ish
Please read the FIRST Thread Before Reading this!
https://t.co/IV1HrDlzqk
#StockMarket #stock #volumeintrading
VOLUME is the ultimate Trading cheat code.
— Indrazith Shantharaj (@indraziths) August 6, 2022
But, most people never use it in the right way \u2013 because no one ever taught them how.
Here are 10 psychological triggers to knowing Volume in a better way :
#1 Volume Color Can Create a False Illusion
At first look, it looks like a big volume spike.
But if you notice the price candle, it has a big selling wick.
It indicates "SELLING PRESSURE" is high at that time.
We can easily avoid this false impression using the "BLACK" color code across all the volume bars.
Now your mind doesn't assume it is a bullish volume spike!
(If you don't want to use the black color, then view the chart without getting any bias based on the volume color)
#2 Analyze Each Volume Spike Carefully
In this image, the price is breaking the resistance trendline.
How do you say whether it is a genuine breakout or false breakout (from a volume perspective)?
Observe the major Volume Spikes.
A is Bullish (Price moved upside on the next day)
B is Bearish (Price fell on the next day)
C is Bearish (Price moved sideways and fell)
D is Bearish (Price fell on the next day)
So High Probability of FALSE BREAKOUT!
More from Screeners
It's much more powerful than you think
9 things TradingView can do, you'll wish you knew yesterday: 🧵
Collaborated with @niki_poojary
1/ Free Multi Timeframe Analysis
Step 1. Download Vivaldi Browser
Step 2. Login to trading view
Step 3. Open bank nifty chart in 4 separate windows
Step 4. Click on the first tab and shift + click by mouse on the last tab.
Step 5. Select "Tile all 4 tabs"
What happens is you get 4 charts joint on one screen.
Refer to the attached picture.
The best part about this is this is absolutely free to do.
Also, do note:
I do not have the paid version of trading view.
2/ Free Multiple Watchlists
Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free
\U0001d5e0\U0001d602\U0001d5f9\U0001d601\U0001d5f6\U0001d5fd\U0001d5f9\U0001d5f2 \U0001d600\U0001d5f2\U0001d5f0\U0001d601\U0001d5fc\U0001d5ff \U0001d604\U0001d5ee\U0001d601\U0001d5f0\U0001d5f5\U0001d5f9\U0001d5f6\U0001d600\U0001d601 \U0001d5fc\U0001d5fb \U0001d5e7\U0001d5ff\U0001d5ee\U0001d5f1\U0001d5f6\U0001d5fb\U0001d5f4\U0001d603\U0001d5f6\U0001d5f2\U0001d604 \U0001d602\U0001d600\U0001d5f6\U0001d5fb\U0001d5f4 \U0001d601\U0001d5f5\U0001d5f2 \U0001d5d9\U0001d5e5\U0001d5d8\U0001d5d8 \U0001d603\U0001d5f2\U0001d5ff\U0001d600\U0001d5f6\U0001d5fc\U0001d5fb!
— Sarosij Ghosh (@sarosijghosh) September 18, 2021
A THREAD \U0001f9f5
Please Like and Re-Tweet. It took a lot of effort to put this together. #StockMarket #TradingView #trading #watchlist #Nifty500 #stockstowatch
3/ Free Segregation into different headers/sectors
You can create multiple sections sector-wise for free.
1. Long tap on any index/stock and click on "Add section above."
2. Secgregate the stocks/indices based on where they belong.
Kinda like how I did in the picture below.
Sharing 9 Screeners🧵
1. Swing Trading Techno Funda https://t.co/sV6e8XSFRK
2.Range Breakout
https://t.co/SNKEpGHNtv
3. Stocks in Tight Range :
https://t.co/MqDFMEfj82
Telegram Link : https://t.co/b4N4oPjqm9
Retweet and Share !
4.Stock Closing up 3% Since 3 days
https://t.co/vLGG9k3YKz
5. Close above 21 ema
https://t.co/fMZkgLczxR
6. Days Fall and Reversal
7. 52 WEEK high Stocks.
https://t.co/H6Z6IGMRwS
8. Intraday Stocks :https://t.co/JoXYRcogj7
9. Darvas Box
#BroTip
If you want to trade only stocks with established trend/momentum, then you can look for stocks which have never(or barely did) closed below a certain MA (say 50MA) in the last say 50 days.
— Manas Arora (@iManasArora) November 8, 2021
There are countless ways to run scans. Just have to get creative. #BroTip
You May Also Like
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5