Why should we be careful when talking about a “jobs bounce-back” in South Africa? - A THREAD.
You don’t get better labour market economists in South Africa than the @NIDS_CRAM team, but the main finding of an “employment bounce-back” seems counterintuitive. What’s going on? 1/n
In Oct 2020 vs. Oct 2019:
→ Retail sales down 2.3%
→ Wholesale sales down 4.6%
→ The number of tourists from overseas was almost zero
→ Income for the tourist accommodation fell 66.4% based on 54% decrease in the no of nights sold + sold at lower price
→ Food and beverage income down 39%
→ Volume of manu production down 3.9%
→ Manu sales down 0.9%
→ Capacity utilisation down.
→ Freight transport down 8.7%
→ Retail and recreation down average 16%
→ Grocery and pharmacy down average 1%
→ Transit stations down average 31%
→ Workplaces down average 18%
(Tx @EconTwitJosh for this data)
As pointed out by @IlanStrauss
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These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5