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Multiple Confirmation short.
A Short Entry that we shared in 2020.
Study it point wise.
1. Bearish Candle type and lowering of volume on Price rise.
2. OBV divergence.
3. Accumulation with Bearish candles and Volume increase on Price decrease.
1. When price increases with a decreasing volume, it's bearish.
2. OBV, On Balance Volume should be correlated with price.
If price increases without similar increase in OBV, it's bearish.
3. During consolidation, if the volume increases during dumps, it's bearish
SIMPLE. HIGH PROFIT. NO NONSENSE.
One of the best strategies for Scalping crypto.
Share it to help all beginners.
We will use three basic indicators.
1. Pivot Points
2. Stoch RSI
Note- This strategy will have a MUCH higher probability of success if basic Price action, volume and Candlestick pattern is kept in mind.
USE THE STRATEGY:
I will introduce the tools and then explain the strategy.
I Will talk about the calculations to arrive at the indicators separately.
IMPORTANT- Don't use the indicators alone.
Eg. Stoch RSI has less than 26% hit rate so you can't use it alone to trade.
Tool 1- Pivot Points:
They are reversal points based the historical prices.
Go to the indicators tab and type 'Pivot point standard'
The settings to be used have been disclosed in the pic below.
Note- You can choose your own settings but I have disclosed the ones I use.
This is what they will Look like.
Ignore All notations and just remember.
ALL the lines are Support or Resistance lines
(Lines of Interest)
It doesn't matter if it's been denoted as P,R or S.
We will learn how to use them below, practically.
If you are confused trading terms, but beginner and advanced, Read this thread.
Read. Share. And RT
The above Explains
1. Basics of Volume Profile. No need to Panics if you don't understand VP, just understand the definition for now.
2. Explains DOM, Deviation and Liquidity Grab.
Please take the time to read the above slowly and carefully.
Deviation explanation here.👇
Cheat Sheet 2.
Explains Basic price patterns and price movements explained.
I am adding a screenshot of the DOM to show how Bid, Ask and Orders look like.
This will explain what everything on an limit order book means.
Cheat Sheet 3.
A few advanced words about trading.
'Entering the trade'
Entering a trade without ascertaining a certain things is gambling.
In this masterclass we will learn the pre-requisites to enter a trade.
DON'T ENTER A TRADE WITHOUT DETERMINNG THE FOLLOWING.
We understand what reward to risk (popularly called risk to reward) is.
It will be denoted by R:R.
We will also try to bust a few myths about R:R and how to avoid losing trades.
Before entering a trade, you need to determine 3 things.
1. Entry trigger
2. Stop loss
1. Entry trigger = Reasons for entering a trade. There could be multiple reasons or a single reason for entry.
Generally a set of reasons AKA confluence is a higher probability trade and a generally a safer entry.
Example of an entry trigger.
2. Stop Loss.
The price in the opposite direction of the trade where the trade is exited, at a loss.
At this level, the reason for the entry becomes invalidated according to TA and the price can then move in the opposite direction, probabilistically.
3. Target is the possible price level that the asset might touch based on previous trends or confluence AND where a possible reversal could occur.
Target is the next path of least resistance from where the price might reverse.
We will always ONLY use TA to determine all 3.
Comprehensive guide to head and shoulders pattern. Made exhaustive enough for Trading purposes.
t’s a frequently occurring, misunderstood and arguably the most useful pattern.
RT would be appreciated.
H&S is probably the first pattern a trader hears of. Here is what we will cover.
4. Historical performance
5. Finding entries
6. High probability trades
7. stop losses
The head and shoulders top is a reversal, bearish pattern, signifying a prospective drop in future prices.
The formation of pattern with a breakdown from its neckline(base) starts a probable bearish move.
A prospective H&S pattern should have 3 distinct peaks. The middle peak is the head. This is the highest point of this pattern, sitting in between 2 shorter peaks, i.e. the shoulders. There must be an overlap in prices of these 3 distinct peaks.
The line where these prices overlap is called the neckline. A head and shoulders pattern is easily visible. So, don’t force yourself into finding it. The more times the prices overlap, the stronger is the pattern.
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After the phenomenon called Sri Chandrasekhara Bharati came another one - Sri Abhinava Vidya Teertha [1954-1989] the 35th Jagadguru. Srinivasa was born on Nov 13, 1917. He was initiated into Sanyasa by Sri Chandrasekhara Bharati in 1931. He was Jagadguru for 35 years.
He was chosen and specifically trained to take over Peetadhipatyam from Sri Mahaswami. He is majorly responsible for the way Sringeri currently is. He built various buildings for devotees, Gajashala, Gooshala etc.
Acharya on conversions:
Once a person approached Sri Acharya that some other religions are trying to convert Hindus and requested Sri AVT to do prevent these conversions.
AVT replied - what do u mean by religion? Religion i.e. mata is related to 'mati' or intellect.
Caste is called 'jAti' which is related to janana or birth.
Ex- breed of a cow. we cannot change its qualities to resemble another breed by changing its name.
CAPTAIN AMERICA - tells Falcon, "I fought Nazis once before. They're extremely dangerous." They then see the guy scaling the Capitol wall fall into the shrubs. Falcon: "You sure these are the same Nazis?"
IRON MAN - lands by the guy carrying the podium. Says, "Mind if I borrow this?" then tosses it to Hulk, who swings it like a bat at the mob. Guy: "Hey, that's MY podium!" Iron Man: "Actually it's the Speaker's. And technically, it's a lectern." Then punches him through a wall.
BLACK WIDOW - enters hotel room where Jack Dorsey is tied up. Rips duct tape off his mouth. Jack: "I'll do anything you want!" BW: "Disable POTUS's Twitter. NOW!" Jack fumbles with his phone. "Done. Anything else?" BW: "Yeah. Trim your beard for God's sake." *tosses him clippers*
HULK - grabs a selfie stick from one of the guys and beats him over the head with it. Deeming it too small, he grabs another guy's Confederate flag and takes out a whole swath of rioters. He then tosses the flag to Cap, who uses it as a javelin to impale a fleeing Ted Cruz.
HAWKEYE - hears Iron Man in his earpiece say, "Looks like Orange Julius is tweeting from another account." Hawkeye: "On it." He locks in on Trump through the White House window and fires an arrow, knocking the phone out of Trump's hands. Hawkeye: "Damn that felt good."
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
1. Let's start option selling learning.— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
Chennimalai Murugan Temple is located near Perunthurai in Erode District. Murugan is worshipped here as Dandayudapani. Temple is situated on the banks of Noyyal river also called Kanchima Nadhi. Temple is situated in a hill
Sthala Puranam says that, there lived a Landlord who had many cows in his farm. One among them was a Black Cow, which didn't give milk. Land lord observed that evening time, when all the cows came back after grazing, this cow used to go to a particular spot and gave all the milk
by itself. He decided to dig the spot where the cow gave its milk
On digging a beautiful Vigraham of Murugan was found, but lower portion was very rough. So he called a great sculptor to soften it. Everyone was shocked to see that on the first chisel the vigraham bleeded.
Land lord realized that Murugan wanted the Vigraham the way it was.
Thus Prathishta was done on Chennimalai hill. It is believed that Sivalaya Chola got relieved from his Brahmahatti Dosha here. Kanda Shasti Kavacham was first offered here.
Muruganukku Haro Hara
Week 1 highlights: getting shortlisted for YC W2019🤞, acquiring a premium domain💰, meeting Substack's @hamishmckenzie and Stripe CEO @patrickc 🤩
2/ So what is Brew?
brew / bru : / to make (beer, coffee etc.) / verb: begin to develop 🌱
A place for you to enjoy premium content while supporting your favorite creators. Sort of like a ‘Consumer-facing Patreon’ cc @jackconte
(we’re still working on the pitch)
3/ So, why be so transparent? Two words: launch strategy.
jk 😅 a) I loooove doing something consistently for a long period of time b) limited downside and infinite upside (feedback, accountability, reach).
cc @altimor, @pmarca
4/ https://t.co/GOQJ7LjQ2t domain 🍻
It started with a cold email. Guess what? He was using BuyMeACoffee on his blog, and was excited to hear about what we're building next. Within 2w, we signed the deal at @Escrowcom's SF office. You’re a pleasure to work with @MichaelCyger!
5/ @ycombinator's invite for the in-person interview arrived that evening. Quite a day!
Thanks @patio11 for the thoughtful feedback on our YC application, and @gabhubert for your directions on positioning the product — set the tone for our pitch!