Vwap with Pivot Points

Intraday Trading strategy for Trend followers ( Will share also for mean reversion trader as soon as possible )

Intraday Trading Strategy Thread 🧵

Support us by Retweet to reach and benefit maximum traders

Scroll down 👇

A basic framework of the system with calculation using simple standard pivot point with default settings ( On Trading view traditional pivot points )

Always focus first on risk per trade and then reward

Scroll down for examples👇

Chart example no - 1 for Trend Followers. Read the wording in the chart image along with the above framework to understand in a better way

Scroll down for more examples 👇

Chart example - 2 . Using pullback rejection maximum times make our risk smaller with high reward

Scroll down for more examples 👇 c

Chart example - 3. When the range are wider lesser the chance for Directional moves only high chance of sideways auction

Scroll down for more examples 👇

@Ronak_Unadkat Sir has more than 100 videos on his Youtube channel.

He mainly focuses on the same few concepts to take a trade.

I can teach you those in the next 5 minutes:🧵

Collaborated with @niki_poojary

1/— OI unwinding for Aggressive trades

Okay, so you must begin your search for these type of trades "ANYDAY AFTER 1 PM".

For eg:

If the market is going up and you spot some large unwinding on the call side.

Sell the immediate puts from where the market reversed to go up.

Where option sellers are trapped no need to check the support resistance as a big directional move is going to happen.

Just aggressively sell puts straight up, pocket the higher premiums and make high returns.

Explaining the logic in the next tweet.

Logic:

Simple, option sellers are tapped. In this case on the call side.

When a seller is trapped he will buy his option back.

Option buyer will not be in a hurry to square off as he is in profit.

This will result in a huge spike in calls.

A call option seller cutting his position means he is not confident that the market will go down or sideways.

We take a hint from him and sell puts to make a profit.

If you struggle with focus, read this:

Psychology thread

1. Eliminate distractions. 

Make a practice to block time in your schedule to do a specific task or activity.

Shutting off both internal and external disturbances can help you to concentrate.

2.Reduce multitasking. 

Attempting to perform multiple activities at the same time makes us feel productive.

It’s also a recipe for lower focus, poor concentration, and lower productivity. And lower productivity can lead to burnout.

3. Practice mindfulness and meditation. 

Meditation is the #1 exercise to increase your brainpower.

Stress clouds your thinking, so relieve stress with meditation. It’s easy!

4. Get more sleep.

Many factors affect your sleep.

A good laugh and a long sleep are the best cures in the doctor’s book. 
• Irish Proverb

History of GDP (PPP)

from 1 AD to 1000 AD India was richest country of the world.
Then Islamic terrorists came in India and China became first.
Again in 1600 rule of Birtish East India company India became first country.

Then british rule and its money drain policy made India worst and Soon India became down.
In 1950 India was on 9th Rank And this position remain till 1975

In 2000 during Atal era India did good growth and India reached at third position And In 2000 Ind GDP(PPP) INDIA became 5 trillion dollar economy.
From 2000 to 2011 during UPA era
India gained only 1 trillion $ and GDP was 6 trillion US $

In 2014 when Modi came India was 7 trillion dollar GDP
Now In 2022 India is becoming 12 trillion dollar GDP.

Simply UPA from 2005- 2014 performed very bad else we could have achieved 18 trillion US $ GDP if we have the same growth as during ABV time.

During my MBA, trading days and till now, I have read multiple books on trading and investing. Listing the best ones that I loved.

Pick based on your style - Fundamental/Technical/Momentum/options trading

Please retweet for max reach. Comment other books u love

1. Technical Analysis of the Financial Markets - John Murphy

A book which builds your basics on charts, trends, price patterns, MAs, oscillators etc. A must read for beginners!

2. Trade like a Stock Market Wizard by @markminervini

Amazing book covering critical concept of volatility contraction pattern. It is a timeless pattern rooted in human psychology & demand, supply forces. He is a multiple time US investing champion & a rags to riches story!

3. How to make money in stocks - William O'neil

Guru of a lot of investors and the one who gave the CANSLIM strategy! This along with Minervini's book is the minimum you should surely read.

4. Rare book which u might not have heard of: How to Sell by Justin Mamis

An old book published around 1980! Read this only after you are well-versed with the basics. I found it pretty good with new stuff which cements your thoughts.

HOW TO ADJUST A SHORT STRANGLE?

Gone are those days where a short strangle used to expire worthless without any adjustments.

Adjustments are a must when your initial view goes wrong which it will.

Listing down all the ways to adjust a short strangle WITH EXAMPLES below.

1: Rolling up/down:

If you've sold a short strangle and one side premium spikes, you can book the profitable side and roll it up to match the premium of the other side.

eg: If you've sold a 60rs call and a 60rs put. If the 60rs call goes to 100. Then book profits in put and sell a 100 pt put.

This is the most basic way of adjustment.

2: Rolling the losing side:

It's very similar to the above adjustment however, we will consider shifting the losing side instead of profitable side.

eg: If you've sold 50pt call and 50pt put. If the 50pt put spikes up and goes to 120. Sometimes, I wouldn't want to sell a 120 pt call.

Hence, I simply book loss in the put and sell a new put worth 50pts which is farther away from the previous put.

Important Concepts from Power of Stocks— Subhasish Pani

7+ years of trading experience in 14 tweets🧵

Collaborated with @niki_poojary

1/— Inside Candles

Inside Candle, breakout strategy has very good accuracy.

There are two candles in the inside candle, the mother candle, and the baby candle.

He trades the breakout of the high/low of the baby candle with the opposite level as a stop loss.

When to pyramid the trade if it goes right?

The next level to add more quantity is the mother candle's high or low, depending on a breakout or breakdown.

The stop loss will remain the baby candle low during a breakout and vice versa during a breakdown.

2/— Big Gap up

If the market is bullish, next day if it opens a big gap up then the buyers are already in profit.

Most traders don't want to see their MTM reduced in such times.

Wait for the first red candle and short the first 5 min red candle with a day high stop.

The R:R is too good in such setups.

There are multiple videos of him catching the day high with this setup.

Everyone's looking for selling puts and he makes money selling calls.

If you are prone to overthinking, read this:

For years I struggled with overthinking.

It was downright debilitating.

Fortunately, I found some strategies that help.

Here are 7 concepts to limit overthinking (and live your best life):

1. Morning Pages (Julia Child Method)

Empty your mind’s confusing thoughts on paper.

You’ll fill your day with clearer thinking.

The secret? Long-form journaling.

Here’s how:

1. Block out 45 mins
2. Grab a pen and journal
3. Write stream-of-consciousness (unfiltered)

2. 5 Second Rule

“The moment you have an instinct to act on a goal you must 5-4-3-2-1 and physically move or your brain will stop you.” —Mel Robbins.

The 5s Rule improves your ‘locus of control.’

It helps you flip the switch from uncontrolled anxiety to excitement…

According to neuroscientists, 95% of our decisions are based on feelings.

The problem with that:

You must first change your behavior to change how you feel.

In the words of Aristotle, “Do good, feel good.”

Like jumping in a pool: Count down from 5, and take action.

Lets start !!!

On Saturday we got surprised announcement of Excise Cut !!

Lets see how the market are placed

As per EOD data, on weekly chain (26/5 expiry)Top 10 CE OI is standing at Rs 254,154,9742/- and top 10 PE OI is standing at Rs 422,770,9945/-. On the face of it, looks like PE value is almost double of CE OI. But here one has to understand that BNF was up 1000 points on Friday

and by nature CE OI will be less. Now going one step further , we will see if BNF starts to crack above 34500, then CE writer to the tune of Rs 1,44,92,96,512/- will be in trouble and above 34800 the figure goes to Rs 2,21,63,59,860/-. Means almost 90% of top 10 CE OI will be

trapped. On PE side the writer will be trapped below 34200 only to the tune of Rs 3,06,01,91,770.00 .

Lets concentrate more on CE side due to AFTER MARKET NEWS !!.

We noticed " OI IMBALANCE BETWEEN CE AND PE " last week(TuesdaY) which exploded on Thursday on

downside and then BNF DID DHAARAMMMM !!!. Here we are seeing the exact opposite scenario. The reason for expecting good upmove on upside is that there is literally NO WRITING IN PE above 34500 and if BNF starts to travel above 34500, then the CE seller will be in loss and

Thread: Decoding 2-period RSI

#trading

2-period RSI is a popular concept introduced by Larry Connors.

Many traders are using this method in their strategy.

There are two simple rules in the strategy that Larry Connors explained.

For buying:
• Price should be above 200-DMA (Long-term trend is up)
• 2-period RSI should be below 10 (better below 5)

For selling:
• Price should be below 200-DMA (Long-term trend is up)
• 2-period RSI should be above 90 (better above 95)

He also recommended exiting trades in profit. Exit if stock goes above 5 DMA after buying and exit of stock goes below 5 DMA after shorting. You can use DMA, higher period RSI such as 5 period or 14 period, ADX, Super trend etc. Possibilities are endless.

Bottom line is that he recommended exiting into profit instead of trailing. He did not recommend stop-loss because it can hurt the overall profitability according to him.

Let’s focus on the 2 rules stated above.

What is the logic of the system? It is a pullback trading system.

In 2012, my first options trade lost $9,000.

12 months later I was making $1,100 per week trading in my free time.

What changed?

I read 20 books on options and finished a master’s degree.

But what took my game to the next level was Python.

Here’s the code I still use today:

A quick primer on options in case you're not familiar:

• Over $450 billion in notional trades DAILY
• 39 million options contracts trade DAILY
• 25% of total options trading is from retail

So how do we make money?

Trade options with a simple, 3-part framework:

1. Design your risk
2. Value the position
3. Measure and monitor

Now pair this framework with Python and you get a potent combination for making money trading options.

Let's dig in:

To design our risk profile, we need the option payoff.

Let's start by defining the variables we need:

• Stock price
• Strike price
• Time to expiration
• Interest rate
• Volatility

We also define market prices for demonstrating trades.

Remember our payoff functions for calls and puts?

• call = max(S - K, 0)
• put = max(K - S, 0)

We can define them in Python in one line of code each.

And here's where it gets really interesting.

Did you know about an Indian chemical scientist named Acharya Prafulla Chandra Ray?

💮‘Revolutionary in the garb of a Scientist’💮
– this is what British govt. records mention about chemical scientist Acharya Prafulla Chandra Ray.

He was born on the 2nd of August 1861 at Jessore, Bengal. He supported freedom fighters, making arrangements for their stay and food in his factories in Bengal. A staunch patriot, he was against British rule and oppression.

He helped freedom fighters in the manufacturing of expl0sives for use against the British.

‘Science can wait, Swaraj cannot’ - Acharya Prafulla Chandra Ray. He is called the father of chemical science in India.

He was the founder of India's first pharmaceutical company, Bengal Chemicals & Pharmaceuticals. He had written 107 research papers in all branches of Chemistry, authored ‘A History of Hindu Chemistry’,

‘A History of Hindu Chemistry from the Earliest Times to the Middle of the Sixteenth Century’, and more books. For his research in inorganic and organic nitrites, he was addressed as ‘Master of Nitrites’.

Scientific definition of vāstu-sāstra
Which rishis developed this and why?

#thread
#tuesdayvibe

Vastu is derived from the Word Vasti, which means place of residing or house. The origin of Vastu can be traced to centuries back.

We live surrounded by five elements of nature and energy of various type created by them. On an open ground these elements or energy fields operate freely,in complete equilibrium. When a structure is placed in this energy field this equilibrium is affected and has to be restored.

Vedic Maharishis always wanted to ensure the happiness and prosperity of all the living beings whether human beings or the environment around them. They always showed great concern in the prosperity and happiness of all. They created and formulated various codes of conducts for

living, which are stored in our ancient scripts like Vedas and Upanishads. Some of the very important Rishis and Maharishis who developed the norms for Vastu

•AtriRishi
•Anirudha
•Bhrigurishi
•Brispati Rishi
•BrahmaGarga
•Maya
•Narad
•Vashistaand

These details are available in Vastu Shastra by
•Vishavkarma
•Vasturatnavali
•Matsypuran
•Samargana Sutradhara
•Lilavati
•Silpratna
•Brihatsamhita
•Rajavallabha
•Narad Samhita
•Manasar
•Mayamat

🌺Mutilated but still standing tall, the incredible sculptures of Martand Sun Temple, Anantnag, Kashmir.🌺

The research and related archaeological findings done on the ruins of this magnificent temple dedicated to ‘Surya’, suggest that this temple was a pinnacle of

Kashmiri Temple architecture,which is a skilled blending of the Gandharan, Gupta and Greek styles of architecture.

The style of construction of the temple and the artistry exhibited in its construction was considered as rare among contemporary architecture.

The temple was constructed with a colonnaded courtyard with Greek style pillars, stretching 220 feet long and 142 feet wide, incorporating many smaller shrines.

The main shrine (‘Garbhagriha’) is the centralised structure with a possible pyramidal top, the most

common feature of the temples in Kashmir.

The inner walls of the mandapa which leads to the Garbhagriha (now without main deity Surya - The Sun God) is decorated with smaller sub shrines for other gods, such as Vishnu, and river Goddess Ganga and Yamuna on either side.

Some other defaced deities also adorn the inner mandapa.

Many sculptures on the outer walls and basement are not beyond recognition as they were completely mutilated and eroded due to the course of weather.

Semi conductor index is often considered a leading indicator of health of the economy

Micron: 'we see upcoming significant sequential declines in revenue & margins'

Nvidia: 'Will slow down hiring & control expenses as the company deals with a challenging macro environment'

6-Month Personal MBA (Book List):

Month 1
• Strategy: Zero to One
• Entrepreneurship: The Lean Startup

Month 2
• Accounting: Financial Intelligence
• Per. Finance: I Will Teach You to Be Rich

Month 3
• Marketing: 22 Laws of Marketing
• Operations: The Goal

Month 4
• Systems Thinking: Thinking in Systems
• Public Speaking: Steal the Show

Month 5
• Negotiation: Never Split the Difference
• Networking: Power Connector

Month 6
• Leadership: Teams of Teams
• Effectiveness: Almanack of Naval

That was a 6-month personal MBA.

All it takes to complete? Read 30 mins/day.

If you enjoyed this list, please RT the first tweet and follow me @SystemSunday.

Cheers,
Ben

P.S. If you like productivity, you will love my weekly newsletter (it’s free).

Every Sunday I feature the best tech products for wealth, health, and free time.

Try it

1. Shakuni Had No Animosity Against Pandavas, His Real Enemy Was Bhishma

Shakuni was furious that his sister Gandhari was marrying a blind man, and his first adversary was Bhishma, who brought the proposal of a blind man for his sister.

#Thread

In addition, there is another legend that states that Hastinapur's ancestors destroyed the entire clan of Gandhara. This is one of the reasons Shakuni vowed to end the Kuru line entirely.

So, you see Shakuni poisoning Duryodhana against the Pandavas to start a war and end the Kuru line by killing each other.

2. Shakuni Had 2 sons - Uluka & Vrikaasur

Shakuni's family was never given much attention because he is mostly seen in Hastinapur. However, it is true that he had two sons, Uluka and Vrikaasur.

Ulo-ok or Uluka wanted to return his father to Gandhara before the Pandavas came from Agyatvas, but Shakuni- did not go back because he wanted to sit and start the Kurukshetra war.

What is nirvana?
THE THIRD EYE EXPERIENCE

More knowledge expands our consciousness, the expansion of consciousness is the mercy of the soul. Further knowledge comes to us through special senses, such as the celestial eye and the subtle body.

Eye of knowledge (Third eye):
The Third Eye (Ajna chakra) will turn the understanding of meditation into reality. A tremendous experience that shows, you have experienced meditation.
Eye of knowledge is a very powerful medium of our soul, a very powerful tool for seeing, feeling,

and hearing the reality of the afterlife. These three processes of the soul are the eye of knowledge.
More we meditate, the more power we get, the more power the dynamic eye moves. This is a unique experience of meditation
When the clairvoyant becomes dynamic, we feel the

we feel the tension on our brain, we see different colors all around us, And we feel as if we are traveling in a silent dark black tunnel. We have heard different sounds, the arrival of second-level clouds. We see the great man whose physical form is not with us. We see the

great man whose physical form is in our imagination. When consciousness increases we experience tingling in the physical body. It feels like our body is swimming, it looks like not only our limbs, our body feels as light as wings. This power is called transcendental power.

Improve your volume analysis using volume profile.

A thread on volume profile 🧵

Traditional volume indicator is widely used by almost every trader.

But it has a handicap: It shows volumes transacted from a time POV but not the price POV.

(1/n)

This is what traditional volume analysis states. But in reality, how effective it is?

(2/n)

It simply shows volume from a timeframe basis. 5 mins volumes on 5 mins TF and so on.

But, is there a different way to read volumes from a price basis? Like, where did largest buying or selling by big players come in?

Read to find more.

(3/n)

This is where volume profile comes in. To put it in the simplest way, volume profile shows volume from a price perspective thus enabling a trader to identify where largest trading has occurred.

But how does this help a trader?

(4/n)

If you can spot the areas where large volumes are being traded, you can spot areas of interest and effectively find areas of support and resistance.

Of course, it is volume that drives the price.

(5/n)

@PoliceNG
@OGSG_Official
@dabiodunMFR
Your Excellency Sir.
Red flag 🚩🚩🚩🚩🚩🚩🚩

A blessed morning to you.

This is a clarion call to help curb or infact eradicate the sale of strong alcoholic drinks at the Asero Stadium / Trailer park

It's been over a year some of us last

went to that Asero Stadium for some Prayer Walk. We stopped because of the recklessness of the trailer drivers within the stadium. This is further exercebated by the daily consumption of Alcoholic drinks as early as 7am at different shops within the premises.

Was there again this morning for a personal Prayer Walk, hoping things would have been better after a year's absence, alas, there are even more shops selling sachet alcoholic drinks. I had to discretely take a shot of one of the shops.

I once had a drunk trailer driver

blabbing under the influence of these strong drinks, that when he is high on "DOUBLE SIM", (Indian hemp soaked in ogogoro overnight ), human being look like cockroaches, hence they don't feel anything crushing them.

It has become a menace. I do not know if there is a law

banning the sale of strong drinks at garages, if there is none, I would like to crave your Indulgence in making it happen sir.

I used to lead a group of 30-40 people every 2nd Saturday of the month on a Prayer Walk within the same premises where the Stadium is, but, had to stop

The Kohinoor Diamond, whose name means "Mountain of Light" in Persian, was formerly fixed in place as the left eye of the Hindu goddess Bhadrakali in the Indian town of Warangal.

#LongThread

Koh-i-Noor was first extracted from the renowned "Kollur mine (Coulour or Gani)" diamond mine in the Guntur District of Andhra Pradesh, India.

This diamond was owned by the Kakatiya dynasty, which dominated much of the Telugu-speaking regions of what are now Telangana and Andhra Pradesh states in India from 1083 CE to 1323 CE. Its capital was Orugallu (now Warangal).

Around 625 AD, King Pulakesi II of the Chalukya dynasty built the temple of Goddess Bhadrakali to honor his victory over the Vengi district of Andhra Desam.

Later, the Kakatiyas kept this as the left eye of the statue when they adopted her as their "Kula Devatha," giving her primacy over other gods.