• 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
#Nifty watch this trendline to be taken out for a good long trade! https://t.co/nC32qh2rOO
#Nifty perfect reversal after filling the gap and testing the middle of the channel.
— Trendline Investor (@dmdsplyinvestor) June 28, 2022
Waiting for Nifty to take out that major horizontal resistance and then we can see a good short term rally. https://t.co/m3hwcWno9q pic.twitter.com/WhhLPc9JaC
@rohanshah619 Looks excellent. Reversal from primary trendline as well
#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
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1/OK, data mystery time.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
