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
My System for momentum tradingš§µ:
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
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
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
More from Learner Vivek Bajaj
More from Screeners
Opposite is happening now. IHNS, double bottom, +ve RSI divergences, etc are failing badly for permanent reversal. Level up your SAR game to stay in the game on both sides.
#bearrun
#BearMarket
#bearrun
#BearMarket
Head & Shoulders pattern, double top and bearish RSI divergences fail more often in bull market and generally gives a very good SAR trade. Vice versa is also true for bear market.#bullrun #BullMarket
— Aakash Gangwar (@akashgngwr823) February 9, 2021
