#Tool
Inside Day + Inside Week + Inside Month Candle pattern filter in Chartink. These stocks have high chances of breaking out / down.
Use at your own risk. Not specifically tested. Logic is based on common

#FreeTip Most of the stocks after coming out of a base moves 20%-25% after which it starts consolidating to form another base. So ideally book profits at 20%-25%.Only exception is when a stock goes up 20% within 3 wks of breakout,in which case hold for min 8 wks. O Neil Rule.

#FreeTip
If there are multiple pivot confluences, it is a strong zone and should never be ignored as there is a high possibility of a very significant activity around the zone.
Today's activity is an example. Historically can find similar concepts with varying pivots...

#FreeTip
A day trading setup CLUE for trading index / stocks for a living..Capturing a big move in adv.
If cpr is bearish,n price opens abv cpr with a 5-15 min bullish pa or price crosses abv cpr within first 30 min, it usually signals a big move ahead.
Vice versa for bull cpr.

Bullish cpr is shaded blue; Bearish cpr is shaded red. If u think that higher value cpr are necessarily bullish and vice versa , then ur Wrong … I will leave this concept for discussion.

#TRADING
#INTRADAY
Free strategy that can be used to trade bnf and nf and make a living.
Divergence at Resistance and Support (DARS)
5 min chart.
PivotShift, Admin, Price + devCPR.
Price makes LL, PSI and / or Admin makes HL, Go long above devCPR n vice versa for shorts.

#FreeTip If u r not used to any other adv strategies, just try this simple technique;
1) Mark PDL,PDH,PWH,PWL,PMH, PML.
2) Trade only at these levels based on price action. Either price will reverse at these levels or break.
3) Don’t trade at any other zone.

Some ofthe biggest breakouts occur after Volatility Contraction, the analogy is that more a spring is pressed, higher it jumps whenever it gets released.

There is a VCP Scanner on chartink (Not mine). This may also be used to find potential Breakouts.

Thread : Trading Applications that I use on a daily basis🧵

1) After putting a detailed post on hardware & multi-monitor setup. Few asked for softwares I use for trading.

So I am listing softwares/apps which I find the most useful for trading & investing

2) Trading View or Kite app

I use trading view for intraday charts.

As I trade intraday, I use the 5 min time frame.

My chart is simple with 20 sma plotted on it along with CPR(central pivot range)

Price > 20 sma & CPR indicates bullish trend for intraday & vice-versa

3) Icharts

As I majorly trade option premiums(short volatility or theta decay strategies)

I keep a track of combined premium of strangle using @iChartsIndia

Combined premium should be trending down & below VWAP to create a strangle

4) QuantsApp

As I need to provide analysis on TV channel.

I need to analyse overall market breadth, futures data & option chain activitiy.

@quantsapp provides

Futures Data : Long Builtup/Short Builtup
Options Data : Max Call OI/ Put OI
Market Breadth : For overall sentiment

5) Spider

I used @SpiderSoftIn to scan momentum stocks for intraday.

Spider helps in identfiying :

stocks hitting 52 week high/ low
Stocks making day high/low
Stocks with large buying single orders

Inside Bar (IB) is an effective trading strategy where a range is formed & we trade on a Breakout/Breakdown.

What is IB?

Textbook definition of IB:
When the current bar is trading inside the previous candle's high and low (range)

Here's a live example from the Tata Steel Chart where you can see multiple IB forming on 15 minutes chart.

I've marked 2 IBs in the circle where we can find the mother candle & the inside bar candle.

So how do we trade this?

If the overall trend is bullish, then you should be looking at high on the mother candle. When the mother candle's high is broken, you can place your SL at:
1. Low of the mother candle, or
2. Low of the Inside Bar candle.

Both the eg are in charts:

And Vice Versa for the Bearish bias.

If the overall trend is bearish, then you should be looking at low on the mother candle. When the mother candle's low is broken, you can place your SL at:
1. High of the mother candle, or
2. High of the Inside Bar candle.

I prefer keeping the high or low of the inside bar candle as my SL.

Remember there are 100s of ways to trade this, ultimately your position sizing & risk management will come into play.

Position sizing can be calculated using the SL, and risk can be managed.