How to find out the expected targets and what should be the exit criteria when you enter a trade - 🧵
Possible ways to find out the target:
Check if any patterns forming - it gets quite easy to figure out the targets that way. (1/15)
Sometimes, after hitting the first target.. stock starts consolidating or take a retest of the breakout. On some occasions, stock gives one sided move non-stop.. without any pullback. (3/15)
Also, if stock gives weekly breakout and market is trending during that time.. even then it gives a one sided move. (4/15)
Other helpful thing I learned from @Traderknight007 about exit criteria is using volume expansion and DMA/EMA. I began using it and benefitted. This is recently observed in TCS, DLF & many others. (5/15)
In large caps, it's generally an extended move when stock is away 20-25% from 50 EMA and midcap/small cap give 30-35% move and then pause a little in trend. (6/15)
https://t.co/5N6hcW6SOm
(9/15)
How do find the best exits using Volume climax \U0001f447https://t.co/MMJfdvSGeW
— Trader knight (@Traderknight007) July 24, 2021
Trend followers prefer to trail their profits but you can do it as per your comfort. Just make sure you have an exit plan.
Trailing has many methods. Being a price action trader, I use swing lows and candlestick for trailing. (10/15)
There are many other ways too.
@Traderknight007 has written this one more amazing thread you can go through and put this information to use. (11/15)
https://t.co/Pysa6LDK4t
2. TRAILING METHODS-
— Trader knight (@Traderknight007) December 24, 2020
1. SWING POINT METHOD-
In this method we use the swing points or the HH- HL OR LH-LL points for placing sl,
In this method we trail our sl when the stock make a Higher low after our entry and keep Trailing the sl till it hits. pic.twitter.com/CqzCkLdWmC
If stock breaks last swing high, enter again and use same trailing SL method. It's difficult initially to enter same trade from higher price but good opportunity shouldn't be missed. (14/15)
More from Sheetal Rijhwani
The absolute best thread to read on trailing methods by @Traderknight007
Read and follow this.. he has aptly explained about various methods to trail.
Read and follow this.. he has aptly explained about various methods to trail.
2. TRAILING METHODS-
— Trader knight (@Traderknight007) December 24, 2020
1. SWING POINT METHOD-
In this method we use the swing points or the HH- HL OR LH-LL points for placing sl,
In this method we trail our sl when the stock make a Higher low after our entry and keep Trailing the sl till it hits. pic.twitter.com/CqzCkLdWmC
More from Ta
"How to Determine Market Trend Using CPR"
Read the writeup & most importantly understand the chart with comments
It solves the problem which traders face "what's the trend?"
If someone liked it, may send a box of chocolates, I won't mind 🍫 😄 https://t.co/BQ9bwjxBU4
Read the writeup & most importantly understand the chart with comments
It solves the problem which traders face "what's the trend?"
If someone liked it, may send a box of chocolates, I won't mind 🍫 😄 https://t.co/BQ9bwjxBU4
SGX in -320 Pts
— Sarah (@TheCosmicTrader) August 19, 2021
Look at CPR of NF basis open & close, something unusual happened yesterday which didn't happen in last few trading sessions
If you can see above in chart, you will realize CPR is not an indicator, it is market sentiment
It's time for a short webinar
25k webinar Done in a tweet
A sweet and simple BNF Setup i use
Alligator Setup
Retweet so that everyone can get benefited.
Check Full thread for full strategy.
1. You have to use 2 charts simultaneously , first chart of bank nifty spot 15 min time frame , candle used heikin ashi
Second chart 15 min bnf future normal candle.
2. Indicator used is alligator , in the indicator you have to only use the jaw of indicator.
3. Whenever spot and future candle closes simultaneously below the jaw line , short at the low of the candle which closed below the jawline.
4. Whenever spot and future candle closes simultaneously above the jaw line , buy at the high of the candle which closes above the jawline.
5. Target and Stoploss - Ideal target which i personally take is 100 points.
Stoploss also 100 points.
On trending days you can trail and take 200/300/400 points also.
I have personally made maximum 624 points in bank nifty in a single trade.
6. Precautions - never trade on sideways days.
7. Never trade on gap up or gapdown of more than 100 points .
I have made a detailed video on the same.
Link https://t.co/XMolGUKZPF
Thankyou for reading.
A sweet and simple BNF Setup i use
Alligator Setup
Retweet so that everyone can get benefited.
Check Full thread for full strategy.
1. You have to use 2 charts simultaneously , first chart of bank nifty spot 15 min time frame , candle used heikin ashi
Second chart 15 min bnf future normal candle.
2. Indicator used is alligator , in the indicator you have to only use the jaw of indicator.
3. Whenever spot and future candle closes simultaneously below the jaw line , short at the low of the candle which closed below the jawline.
4. Whenever spot and future candle closes simultaneously above the jaw line , buy at the high of the candle which closes above the jawline.
5. Target and Stoploss - Ideal target which i personally take is 100 points.
Stoploss also 100 points.
On trending days you can trail and take 200/300/400 points also.
I have personally made maximum 624 points in bank nifty in a single trade.
6. Precautions - never trade on sideways days.
7. Never trade on gap up or gapdown of more than 100 points .
I have made a detailed video on the same.
Link https://t.co/XMolGUKZPF
Thankyou for reading.
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Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
For three years I have wanted to write an article on moral panics. I have collected anecdotes and similarities between today\u2019s moral panic and those of the past - particularly the Satanic Panic of the 80s.
— Ashe Schow (@AsheSchow) September 29, 2018
This is my finished product: https://t.co/otcM1uuUDk
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
