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

#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.

#FreeTip To understand y htf is important and to understand LTF is a function of htf, best way is to open an LTF chart (25/15/5 min) and zoom out ( minimize) the charts to have a birds eye view . Compare it with htf chart ( 75min / daily) . You can understand the significance.

#FreeTip
Free but powerful Tip
A simple strategy for those who aren’t comfortable with complex 1s like adv pivots, mp, cub, etc.
MIB/WIB/ DIB
1) MIB - Scan for stocks with Monthly inside bar. Eg,Today 02/8; So scan for stocks with July monthly candle inside June monthly candle..

....
2) WIB - Now look for Weekly inside bar amongst stocks filtered in S. no .1 ; For Eg, Today 02/8, Look for stocks within S. no. 1 with weekly bar of 26/7-30/7 inside the weekly bar of 19/7 - 23/7.
3) DIB - Now after doing the above look for stocks with daily inside bar ...

....
from amongst the list filtered in 2.
For Eg. Today is 02/08, Candle of 30/7 inside candle of of 29/7. Long above PDH with stop of PDL.
In this Eg, long above 29/7 high with stop of 29/7 low. Other methods to go long are break of Cam R4 for long; Reverse for short.

#NIFTY
Big Picture !!!
The monthly chart says it all for the next 2.5 years.
All u have to do is to continue your SIPs at any cost irrespective of violent volatilities.
Note: Dont start trolling if market comes down tom. It is big picture. Not for short term.
Good Luck.

#STRATEGY
For new traders who r clueless, an intraday strategy.
In @tradingview search supertrend, u find `supertrend strategy'; inbuilt one. Change input parameters to 10/3 for nifty. This is a continuous strategy. Follow entry signals; Exit if signal is intraday or at 3.15pm.

A lot of websites provide you with data for trading.

However, I liked the free website of Icici Direct the most.

Here is a breakdown of what it can do: 🧵

Collaborated with @niki_poojary

Advantages:

1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being added.

You can check out this free website by clicking on this

Where is the action taking place?

For eg, Nifty Heatmap Can easily scan for:

- Long Build up = Price Up and OI up
- Long Unwinding = Price Down and OI down
- Short Buildup = Price Down and OI up
- Short Covering = Price Up and OI down

Price levels of OI being added:

• Check 15 mins Built-up in any stock
• Can find Intraday Bullish and bearish trend
• Eg of IBUL who was down 5% on Friday. Short Built-up had started in the morning itself.
• Shows the quantities which are being traded in those intervals.

Time Intervals:

• There are 25, time intervals available every day.

• If a stock has to go up or down a lot it will be heavily dominated in these time intervals.

• IBUL had 10 times short built up on Friday. -5.79 %

• ITC had 14 long built-ups on Friday. +2.6%.

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)

#Inflation in #Eurozone remains high , uncomfortable for #ECB & #FED also has to take notice
Should strengthen #Euro & weaken #USD on immediate reaction, pushing commodity prices higher
#CrudeOil #Metals #OOTT