There are 1000s of indicators in Technical Analysis...

But you need to MASTER ONLY ONE🎯to win in markets...

I selected 'Commodity channel index' (CCI) as my PRIMARY INDICATOR & all my scanners are a variation of this...

MULTI TIMEFRAME POSITIONAL STRATEGY using CCI...🧵

1⃣ CCI Basics

• CCI > 100 = Bullish and overbought
• CCI < -100 = Bearish and oversold
2⃣Entry criteria

• CCI(34) on Weekly crossed above 100
• CCI(34) on Daily >100
• Entry: above weekly swing high
• Stoploss: Recent swing low on daily chart
3⃣Exit criteria

• CCI(34) on Daily < -100
• Holding period: Few days to many months

Pyramiding your winners should be considered to make your winners big.

Separate post on this to follow.
4⃣ Why trade on a multi-timeframe?

• This is a top-down approach where we observe the larger trend of the stock before we take entries on the smaller or medium trend of the stock. This concept can be compared to tides in the sea.
5⃣ A larger wave in the sea will overpower the smaller waves, no matter what, simply because the larger waves have more velocity and force.

In a similar way, a stock trending in the larger TF will overpower the smaller TF trend and will eventually take the stock price higher.
6⃣ While trading this strategy we presume this will work & buy stock in the shorter TF just when the larger TF is showing bullishness. This ensures we are in the right direction.

In case the stock reverses, we exit based on the stop loss or based on the exit criteria.
7⃣ Just to be clear, this is NOT a holy grail strategy but helps one catch the shorter/medium trend very well.

You WILL have losing trades.

So, it is important to consider proper position sizing and assess your risk before entry.

Let's look at some examples 👇
8⃣ Ex: SBIN & Reliance

The larger trend turned bullish. So, we enter just above the weekly high and hold on until the stop hits or exit criteria is met.

Note that by buying just above the high, you skip that initial short term downtrend or you might even skip many bad trades
9⃣ Ex: Axis Bank and Maruti.

Once CCI daily goes below -100, you need to exit the next day at open. You never know how deep the stock can correct.
🔟Ex: Bajaj Finance and HDFC Bank - Good Profits.

You never know much a stock can rally. So, identify a strategy that can keep you in the trade for as long as possible.

Remember, 80% of your profits come from such 20% of trades. Such trades make up your PnL in the long run.
Do run this strategy over many stocks to understand it https://t.co/P4cc8OZSIT

If you loved this strategy👇

1. Retweet the first post in this thread
2. Follow @dmdsplyinvestor
3. Subscribe to my YouTube channel for more content! https://t.co/yNCTzHVRsy

More from Trendline Investor

#ICICIBANK low made 670 and now 800.

Channel reversals are the best price points to buy a stock or add more.

We saw this in #SBIN as well 👇https://t.co/EATq54Pgbw

These stocks have a long way to go! https://t.co/wUyJUqUlUE

More from Screeners

TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

1/ Free Multi Timeframe Analysis

Step 1. Download Vivaldi Browser

Step 2. Login to trading view

Step 3. Open bank nifty chart in 4 separate windows

Step 4. Click on the first tab and shift + click by mouse on the last tab.

Step 5. Select "Tile all 4 tabs"


What happens is you get 4 charts joint on one screen.

Refer to the attached picture.

The best part about this is this is absolutely free to do.

Also, do note:

I do not have the paid version of trading view.


2/ Free Multiple Watchlists

Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free


3/ Free Segregation into different headers/sectors

You can create multiple sections sector-wise for free.

1. Long tap on any index/stock and click on "Add section above."
2. Secgregate the stocks/indices based on where they belong.

Kinda like how I did in the picture below.
One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

Read

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