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

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Trading view scanner process -

1 - open trading view in your browser and select stock scanner in left corner down side .

2 - touch the percentage% gain change ( and u can see higest gainer of today)


3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )

4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.

5. U can also select those stocks which are going to give range breakout or already given range BO

6 . If in 15 min chart📊 any stock sustaing near BO zone or after BO then select it on your watchlist

7 . Now next day if any stock show momentum u can take trade in it with RM

This looks very easy & simple but,

U will amazed to see it's result if you follow proper risk management.

I did 4x my capital by trading in only momentum stocks.

I will keep sharing such learning thread 🧵 for you 🙏💞🙏

Keep learning / keep sharing 🙏
@AdityaTodmal
Trading view scanner process -

1 - open trading view in your browser and select stock scanner in left corner down side .

2 - touch the percentage% gain change ( and u can see higest gainer of today)


3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )

4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.

5. U can also select those stocks which are going to give range breakout or already given range BO

6 . If in 15 min chart📊 any stock sustaing near BO zone or after BO then select it on your watchlist

7 . Now next day if any stock show momentum u can take trade in it with RM

This looks very easy & simple but,

U will amazed to see it's result if you follow proper risk management.

I did 4x my capital by trading in only momentum stocks.

I will keep sharing such learning thread 🧵 for you 🙏💞🙏

Keep learning / keep sharing 🙏
@AdityaTodmal