Have you ever felt a lack of research as a cause of losing money?
Get out of the trap by focusing on price action and following the market to make money from smart money’s research.
A Mega Thread on Price Action Trading!🧵👇
#LearnWithChartmojo #stocks #trading
Have you ever felt a lack of research as a cause of losing money?
Get out of the trap by focusing on price action and following the market to make money from smart money’s research.
As suggested by the name, price action is the plot of a security’s price movement over a particular period.
Traders use this data to understand the temperament of the markets to make money trading profitably.
Price action trading is a widely used trading technique that relies on reading, analyzing, and interpreting the price movement of a particular security and the subsequent patterns formed due to it.
In its essence, price action trading capitalizes on the crowd mentality inherent in the markets and the consequent repetitive price behavior. It provides a psychological edge in its leading nature.
Price action trading helps a retail trader understand the analysis done by the big players with sophisticated tools by looking at the price movement of security without being affected by various noises prevalent in the financial world.....
.....Furthermore, it helps us see the interaction between the multiple players in the market. Intimidating, right?
There are several types of charts on which a trader can do plotting of price movement; sometimes, for example, line charts, bar charts, point and figure charts, candlestick charts.
Candlestick charts are the most valuable charts since candlesticks show four price points throughout a period and provide the perfect infrastructure for analyzing patterns.
A candlestick or a Japanese candlestick is made up of a rectangular body that depicts the Open (O), High (H), Low(L), and Close(C) of the movement of a stock.
The three components of a candlestick include the following, real body or the part connecting the opening price and the closing price, the upper shadow, and the lower shadow.
A group of candlesticks present chart patterns that help us systematically reach entry and exits for trades. Applying price action trading techniques helps us understand the language of the markets in terms of recurring patterns formed in the markets.
As is well known, the markets don’t move unidirectionally, sometimes bulls win, sometimes bears and sometimes it’s a draw. A trendline helps visualize who is winning.
Theoretically, an excess demand over supply causes an upward trend; an extra supply over demand causes a downward trend, and a supply-demand match results in a sideways movement or consolidation.
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So friends here is the thread on the recommended pathway for new entrants in the stock market.
Here I will share what I believe are essentials for anybody who is interested in stock markets and the resources to learn them, its from my experience and by no means exhaustive..
First the very basic : The Dow theory, Everybody must have basic understanding of it and must learn to observe High Highs, Higher Lows, Lower Highs and Lowers lows on charts and their
Even those who are more inclined towards fundamental side can also benefit from Dow theory, as it can hint start & end of Bull/Bear runs thereby indication entry and exits.
Next basic is Wyckoff's Theory. It tells how accumulation and distribution happens with regularity and how the market actually
Dow theory is old but
Here I will share what I believe are essentials for anybody who is interested in stock markets and the resources to learn them, its from my experience and by no means exhaustive..
First the very basic : The Dow theory, Everybody must have basic understanding of it and must learn to observe High Highs, Higher Lows, Lower Highs and Lowers lows on charts and their
Even those who are more inclined towards fundamental side can also benefit from Dow theory, as it can hint start & end of Bull/Bear runs thereby indication entry and exits.
Next basic is Wyckoff's Theory. It tells how accumulation and distribution happens with regularity and how the market actually
Dow theory is old but
Old is Gold....
— Professor (@DillikiBiili) January 23, 2020
this Bharti Airtel chart is a true copy of the Wyckoff Pattern propounded in 1931....... pic.twitter.com/tQ1PNebq7d
Time for a new thread on the possibilities I am looking for.
Do read it completely to understand the stance and the plan.
1. The moving average structure - Many traders just look at the 200 ma test or closing above/below it regardless of its slope. Let's look at all the interactions with 200 ma where price met it for the first time after the trend change but with 200 ma slope against it
One can clearly sense that currently it is one of those scenarios only. I understand that I might get trolled for this, but an unbiased mind suggests that odds are highly against the bulls for making fresh investments.
But markets are good at giving surprises. What should be our stance if price kept on rising? Let's understand that through charts. The concept is still the same. Divergent 200 ma and price move results in 200 ma test atleast once which gives good investment opportunities.
2. Zig-Zag bear market- There are two types of fall in a bear market, the first one is vertical fall which usually ends with ending diagonals (falling wedges) and the second one is zig zag one which usually ends with parabolic down moves.
Do read it completely to understand the stance and the plan.
This thread will present a highly probable scenario of markets for the upcoming months. Will update the scenario too if there is a significant change in view in between.
— Aakash Gangwar (@akashgngwr823) May 15, 2022
1/n https://t.co/jfWOyEgZyd
1. The moving average structure - Many traders just look at the 200 ma test or closing above/below it regardless of its slope. Let's look at all the interactions with 200 ma where price met it for the first time after the trend change but with 200 ma slope against it
One can clearly sense that currently it is one of those scenarios only. I understand that I might get trolled for this, but an unbiased mind suggests that odds are highly against the bulls for making fresh investments.
But markets are good at giving surprises. What should be our stance if price kept on rising? Let's understand that through charts. The concept is still the same. Divergent 200 ma and price move results in 200 ma test atleast once which gives good investment opportunities.
2. Zig-Zag bear market- There are two types of fall in a bear market, the first one is vertical fall which usually ends with ending diagonals (falling wedges) and the second one is zig zag one which usually ends with parabolic down moves.
Central Pivot Range—(CPR)
What does it mean?
7 tweets that will teach you about its basics (and much more):🧵
Collaborated with @niki_poojary
1/ What is CPR?
The basics of CPR, how it's calculated, and TC and BC in CPR.
User: @ZerodhaVarsity.
One can also gauge the trend whether bullish or bearish.
Explained in very simple words
@ZerodhaVarsity 2/ What are the Uses of CPR?
User: @YMehta_
A thread that provides examples along with the concept.
Also includes an Intraday Trading Setup on 5 min
@ZerodhaVarsity @YMehta_ 3/ How to analyze trends with CPR?
User: @cprbykgs
How to interpret CPR based on the candles forming either above or below the daily and weekly CPR.
He is the most famous guy when it comes to CPR, so go through his Twitter and Youtube
@ZerodhaVarsity @YMehta_ @cprbykgs 4/ Interpreting longer timeframes with CPR
User: @cprbykgs
Trend Reversals with CPR when the trend is bullish and it enters the daily CPR
What does it mean?
7 tweets that will teach you about its basics (and much more):🧵
Collaborated with @niki_poojary
1/ What is CPR?
The basics of CPR, how it's calculated, and TC and BC in CPR.
User: @ZerodhaVarsity.
One can also gauge the trend whether bullish or bearish.
Explained in very simple words
@ZerodhaVarsity 2/ What are the Uses of CPR?
User: @YMehta_
A thread that provides examples along with the concept.
Also includes an Intraday Trading Setup on 5 min
#CPR is an indicator which is used for #Intraday in Stock Market.
— Yash Mehta (@YMehta_) November 19, 2021
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d63e\U0001d64b\U0001d64d"
Like\u2764\ufe0f& Retweet\U0001f501for wider reach and for more such learning thread in the future.
Also, an investment strategy is shared using CPR in the end.
1/24
@ZerodhaVarsity @YMehta_ 3/ How to analyze trends with CPR?
User: @cprbykgs
How to interpret CPR based on the candles forming either above or below the daily and weekly CPR.
He is the most famous guy when it comes to CPR, so go through his Twitter and Youtube
CPR indicator trend analysis:
— Gomathi Shankar (@cprbykgs) January 25, 2022
Candles below daily & weekly CPR \U0001f43b
Candles above daily CPR but below weekly CPR early confirmation of \U0001f402
Candles above daily + weekly CPR strong confirmation of \U0001f402
Isn\u2019t it simple?#cprbykgs #cprindicator #nifty #banknifty
@ZerodhaVarsity @YMehta_ @cprbykgs 4/ Interpreting longer timeframes with CPR
User: @cprbykgs
Trend Reversals with CPR when the trend is bullish and it enters the daily CPR
#banknifty
— Gomathi Shankar (@cprbykgs) July 9, 2021
Candles above monthly CPR- Bullish
Candles above weekly CPR- Bullish
Now, whenever candles enter daily CPR range it indicates weakness of current trend & early signs of trend reversal.
So, wait for the candles to exit the daily CPR range then take the trade. (1/4) pic.twitter.com/7vaaLMCrV8
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📈 ~12000 vistis
☑️ 109 transactions
💰 353€ profit (285 after tax)
I have spent 1.5 months on this app. You can make more $ in 2 days.
🤷♂️
I'm still happy that I launched a paid app bcs it involved extra work:
- backend for processing payments (+ permissions, webhooks, etc)
- integration with payment processor
- UI for license activation in Electron
- machine activation limit
- autoupdates
- mailgun emails
etc.
These things seemed super scary at first. I always thought it was way too much work and something would break. But I'm glad I persisted. So far the only problem I have is that mailgun is not delivering the license keys to certain domains like https://t.co/6Bqn0FUYXo etc. 👌
omg I just realized that me . com is an Apple domain, of course something wouldn't work with these dicks
