"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 π« π
SGX in -320 Pts
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
Left home at 6.50 AM and still stuck within Thane. Every we lose precious hours in traffic, affecting productivity, health.
Request the authorities to urgently improve traffic mgmt
#ThaneTraffic#GhodbunderRoad#Thane#MumbaiTraffic
Being a mentor and make someone a successful trader is a lot one can do.
But, what's inspiring is, this effort went cross community, I have seen people turning their back just listening to name of others. β
Update on Fayaz. He did best trend following in last 12-14 months.
Almost converted 8 lace to 75- 80 lacs.
Yes, 1000% return from trading.
Hard work, dedication and commitment if you have 100%, fir Duniya ki koi takat apko fail nahi kar sakti.
I am feeling proud π
@Oh_So_Gordo Tell me if I am wrong here "When quants speak, only quants can understand, because they speak mathematics ans statistics, but not English"
@SarangSood Have a look at below link, students from this program become Quant traders, not all but few
Look at curriculum, you will realize what a quant means, and what our Twitter Quant know is under the courses which one has to take even before putting their first step in this program
@AshishGupta325 You can appreciate your friends instead - Bobby, Sagar, PA Harshad, Banka - they have been good support in your "Jaago Ghrahak Jaago" abhiyaan
Many aspire and attempt to get into IITs, IIMs, CA or IAS - but we all know that only 2-3% get it
The analogy fits good with F&O traders
Premium things require premium skills
If you can't do it, doesn't mean others also can't
Added Meghmani yesterday, close to 11% gain
Today's tracking list is bit long, some of these will extend to next week
Coming/next weekend will try to do a write up on how I am managing stocks in portfolio - it's a 3 part simple strategy, but involves some homework everyday
@UniverseismyIns It will be visible on chart, a stock should not have rallied continuously at close to 90 degree
Your best bet is on "ATH+Fresh Breakout" - focus on this and you will automatically stay away of "rallied enough" stocks
If you are looking for momemtum based stocks to benefit from swift price movement, your best bet is on stocks trading at ATH
"Fresh Breakout + ATH" combo, it's the best
Should avoid stocks which have already rallied enough unlesss they are quality stocks
Top 4 set up I love to follow.
Buy all time high
Sell all time low
Buy 52 week high
Sell 52 week low
Buy 50 days high
Sell 50 days low
Buy above ST 10.2 (MR trade where DC 50 low & high is 10 ATR or more)
Sell below ST 10.2( MR trade for long unwind or shock therapy apply)
Added Meghmani yesterday, close to 11% gain
Today's tracking list is bit long, some of these will extend to next week
Coming/next weekend will try to do a write up on how I am managing stocks in portfolio - it's a 3 part simple strategy, but involves some homework everyday
ATH + Fresh Breakout = Momentum
Some quick scanner work, let's see which one flies
IEX and FIEM were day before yesterday pick
Added Airtel yesterday (I walk the talk)
@Trendmyfriends I couldn't understand the last method, MR, ATR, ST 10.2 - can you please write a tweet or share an old tweet where you have explained this concept. Thank you.
ATH + Fresh Breakout = Momentum
Some quick scanner work, let's see which one flies
IEX and FIEM were day before yesterday pick
Added Airtel yesterday (I walk the talk)
Some people who watched others tweeting "no trading today" took it seriously and didn't trade
And those who tweeted "no trading day" came out with P&L screenshot at day end π
There has been a discussion among fintwits that NF RSI is above 80 & a possible correction might be on the way
But, how does one come to know that probably correction has started?
See my last tweet on CPR, the chart speaks it all
It's just that the question has been reframed