#CHALET 239 . 11% up. Power of Stan Weinstein strategy.

#FreeTip If price falls below 30 week MA but 30 week moving average keeps rising, the first price move above 30 week MA is a high probability entry point for a good upmove; in majority cases it has given exceptional moves. Post your charts based on the above logic.

This is one example.... Save this pattern!!! There are other minor criteria to be followed as well. I have explained the main one....

#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 Highest weekly volume with highest weekly price range ——>
If it happens after a strong uptrend, it is sign of end of trend / consolidation/ reversal .
If it happens before an uptrend above 30 week ma, it is a sign of beginning of a trend.

#FreeTip The Art of doing nothing in trading is most effective in case of monthly rectangular breakouts . Longer the rectangular breakouts most effective the breakouts are and the usual targets are 50% of breakout level x (1 + range %) and the time period is usually < 1 year .

Last time I shared a basic stock screener for Investors.

Today I will share 1 Basic stock screener for traders .. 👍

How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)

Swing Trading Strategy
That can help you generate Monthly Income !
A thread 🧵
Using RS , MACD , 21 EMA and Price Action
All Concepts with charts Explained !

RETWEET AND SHARE !

UNDERSTANDING MACD
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of stock.
It is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
2/n

The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals.
3/n

Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line.
4/n

UNDERSTANDING RELATIVE STREGTH
1.Relative strength is a strategy used in momentum investing and in identifying value stocks.
2. It focuses on investing in stocks or other investments that have performed well relative to the market as a whole or to a relevant benchmark.
5/N

Absolutely fantabulous @vcpchartist bro..
Weekend learning..

https://t.co/OjhbqEKQhm

@VSInvesting