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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For new followers ...
If u r a pivot based intraday trader, u should have this cheat sheet. Follow this and C. Your wrong trades will reduce considerably. Good luck.

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शमशान में जब महर्षि दधीचि के मांसपिंड का दाह संस्कार हो रहा था तो उनकी पत्नी अपने पति का वियोग सहन नहीं कर पायी और पास में ही स्थित विशाल पीपल वृक्ष के कोटर में अपने तीन वर्ष के बालक को रख के स्वयं चिता पे बैठ कर सती हो गयी ।इस प्रकार ऋषी दधीचि और उनकी पत्नी की मुक्ति हो गयी।


परन्तु पीपल के कोटर में रखा बालक भूख प्यास से तड़पने लगा। जब कुछ नहीं मिला तो वो कोटर में पड़े पीपल के गोदों (फल) को खाकर बड़ा होने लगा। कालान्तर में पीपल के फलों और पत्तों को खाकर बालक का जीवन किसी प्रकार सुरक्षित रहा।

एक दिन देवर्षि नारद वहां से गुजर रहे थे ।नारद ने पीपल के कोटर में बालक को देख कर उसका परिचय मांगा -
नारद बोले - बालक तुम कौन हो?
बालक - यही तो मैं भी जानना चहता हूँ ।
नारद - तुम्हारे जनक कौन हैं?
बालक - यही तो मैं भी जानना चाहता हूँ ।

तब नारद ने आँखें बन्द कर ध्यान लगाया ।


तत्पश्चात आश्चर्यचकित हो कर बालक को बताया कि 'हे बालक! तुम महान दानी महर्षि दधीचि के पुत्र हो । तुम्हारे पिता की अस्थियों का वज्रास्त्र बनाकर ही देवताओं ने असुरों पर विजय पायी थी।तुम्हारे पिता की मृत्यु मात्र 31 वर्ष की वय में ही हो गयी थी'।

बालक - मेरे पिता की अकाल मृत्यु का क्या कारण था?
नारद - तुम्हारे पिता पर शनिदेव की महादशा थी।
बालक - मेरे उपर आयी विपत्ति का कारण क्या था?
नारद - शनिदेव की महादशा।
इतना बताकर देवर्षि नारद ने पीपल के पत्तों और गोदों को खाकर बड़े हुए उस बालक का नाम पिप्पलाद रखा और उसे दीक्षित किया।