Trend Following System Part -1

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@ITRADE191 @caniravkaria @ca_mehtaravi @chartmojo @DillikiBiili @VVVStockAnalyst

Buyers vs Sellers

A simple technique to understand the index direction using candlesticks chart.

Intraday Trading Thread 🧵

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Here i am just trying to focus on few candlestick formation and trying to understand buyers vs sellers at reference levels. In trading less is more

Type 1 - Buyers aggression
Type 2 - Sellers aggression
Type 3 - Full confusion

Follow stay away approach when you are confused

Chart 1. Looking at candlesticks formation at reference levels is way more better than looking candlesticks everywhere or every second

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Chart example - 2

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Chart example - 3

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Price Action pattern for intraday trading

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@Puretechnicals9 @AnandableAnand @Abhishekkar_ @ProdigalTrader @nakulvibhor @RajarshitaS @Rishikesh_ADX @Stockstudy8 @vivbajaj

Focus on limited price action pattern if u are fan of pattern trading and concentrate pattern more at reference levels no everywhere.

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Learning Web series for Traders

Price Action Trading - Part 2

Part 2 Video link - https://t.co/nf1mFRd9Gi

Part 1 Video link - https://t.co/7V2pz0aCdx

@Puretechnicals9 @ProdigalTrader @sahneydeepak @RajarshitaS @Stockstudy8 @vivbajaj @Prakashplutus @hjyadav @PAVLeader https://t.co/m9fcTPcxYg

CPR Intraday Trading Strategy Part -1

Identify Trend
Ways CPR can be used for Intraday
Ways to use both for Trend following & Failed auction

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@ITRADE191 @PatilBankNifty @ca_mehtaravi @hjyadav @itsmerajarshita @caniravkaria

A simple diagram representation to make you understand simple ways in which CPR can be used.

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Chart example -1 for Intraday Trend Followers

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Chart example -2 for Intraday Trend Followers

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Chart example -3 of Failed auction and reversal against the trend because of failure

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#FNO stocks for tom intraday trading 07/09/21
Camarilla squeeze strategy.

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%.

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

@vcpchartist @buzz_chronicles save as screeners

save as screeners

A thread of strength in the market.

An analysis which I did during Covid crash with @MashraniVivek on which sectors and stocks were strong, and we did pick pharma, chemical early cycle. Though we do not know where market is heading, doing such exercise always helps to find

strength when market bottoms. Of course, it requires much more reading and conviction building and hence should be taken only as a starting point. Here is how this list has been generated
1. Pick top 500 companies
2. Find list of companies which have fallen < 10% in last 3 months

Totally 61 out of 500 stocks.
This is how the sectors come up.
✍️Auto and Capital Goods stand out
✍️Do not ignore defence for sheer count as there are few companies in sector
✍️Next pocket looks like few beaten down sectors/stocks where may be value is emerging - FMCG, Pharma

List of stocks - Auto tops the list followed by capital goods, bank and financial, pharma and defense. Disc: I am biased towards auto n financials (keeping FII selling risk aside). Also, this is still a watchlist activity and I am not acting on it except being

invested in few auto n banking names. Please do your own due diligence. I am not a registered investment advisor and this is not a recommendation. Follow @ScientificInve6 and our Youtube channel for more such