• CCI > 100 = Bullish and overbought
• CCI < -100 = Bearish and oversold
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...🧵
• CCI(34) on Weekly crossed above 100
• CCI(34) on Daily >100
• Entry: above weekly swing high
• Stoploss: Recent swing low on daily chart
• 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.
• 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.
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.
In case the stock reverses, we exit based on the stop loss or based on the exit criteria.
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 👇
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
Once CCI daily goes below -100, you need to exit the next day at open. You never know how deep the stock can correct.
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.
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
There are 1000s of indicators in Technical Analysis...
— Trendline Investor (@dmdsplyinvestor) May 12, 2022
But you need to MASTER ONLY ONE\U0001f3afto 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...\U0001f9f5 pic.twitter.com/4O2PrBxSw9
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
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
#FnOstock #SBIN has completed a 9 month time correction towards the primary trend line & is all set to head higher from here.
— Trendline Investor (@dmdsplyinvestor) July 11, 2022
This could also be a #SIP stock considering it broke out from a decade long consolidation in Feb'21.
Might continue to outperform #Nifty & #Banknifty pic.twitter.com/mYk4exvOn7
More from Screeners
Oil, copper and other commodities came under heavy selling pressure today and that's a good thing because it's mounting evidence that inflation may be peaking.
Positive signs on inflation include fertilizer prices peaking and trending downward. Used Car prices are also down (which led inflation). The recent price break on the $XLE - which emerged almost to the day the market topped, could be an indication that we are close to a low. pic.twitter.com/2MtcKjjmAz
— Mark Minervini (@markminervini) June 23, 2022
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👨💻 Last resume I sent to a startup one year ago, sharing with you to get ideas:
- Forget what you don't have, make your strength bold
- Pick one work experience and explain what you did in detail w/ bullet points
- Write it towards the role you apply
- Give social proof
/thread
"But I got no work experience..."
Make a open source lib, make a small side project for yourself, do freelance work, ask friends to work with them, no friends? Find friends on Github, and Twitter.
Bonus points:
- Show you care about the company: I used the company's brand font and gradient for in the resume for my name and "Thank You" note.
- Don't list 15 things and libraries you worked with, pick the most related ones to the role you're applying.
-🙅♂️"copy cover letter"
"I got no firends, no work"
One practical way is to reach out to conferences and offer to make their website for free. But make sure to do it good. You'll get:
- a project for portfolio
- new friends
- work experience
- learnt new stuff
- new thing for Twitter bio
If you don't even have the skills yet, why not try your chance for @LambdaSchool? No? @freeCodeCamp. Still not? Pick something from here and learn https://t.co/7NPS1zbLTi
You'll feel very overwhelmed, no escape, just acknowledge it and keep pushing.
- Forget what you don't have, make your strength bold
- Pick one work experience and explain what you did in detail w/ bullet points
- Write it towards the role you apply
- Give social proof
/thread
"But I got no work experience..."
Make a open source lib, make a small side project for yourself, do freelance work, ask friends to work with them, no friends? Find friends on Github, and Twitter.
Bonus points:
- Show you care about the company: I used the company's brand font and gradient for in the resume for my name and "Thank You" note.
- Don't list 15 things and libraries you worked with, pick the most related ones to the role you're applying.
-🙅♂️"copy cover letter"
"I got no firends, no work"
One practical way is to reach out to conferences and offer to make their website for free. But make sure to do it good. You'll get:
- a project for portfolio
- new friends
- work experience
- learnt new stuff
- new thing for Twitter bio
If you don't even have the skills yet, why not try your chance for @LambdaSchool? No? @freeCodeCamp. Still not? Pick something from here and learn https://t.co/7NPS1zbLTi
You'll feel very overwhelmed, no escape, just acknowledge it and keep pushing.
“We don’t negotiate salaries” is a negotiation tactic.
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
"we don't negotiate salaries" really means "we'd prefer to negotiate massive signing bonuses and equity grants, but we'll negotiate salary if you REALLY insist" https://t.co/80k7nWAMoK
— Aditya Mukerjee, the Otterrific \U0001f3f3\ufe0f\u200d\U0001f308 (@chimeracoder) December 4, 2018
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
