@iManasArora Hi sir,
Everyone is using AI in trading. You're also using AI or still you are analysing trades and executing traders manually? , Any impact/ risks of AI in future in your strategy. Please explain
Trading is not harder than becoming an engineer or a doctor.
You are unsuccessful because you are an impatient bum who wants to become a millionaire in your next trade.
Few of the top search ๐บ๐ฎ๐ฑ๐ฒ ๐ฏ๐ ๐๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ถ๐ป ๐๐ป๐ฑ๐ถ๐ฎ ๐ฎ๐ ๐ฌ๐ข๐จ๐ง๐จ๐๐ is -
" ๐๐ป๐๐ฟ๐ฎ๐ฑ๐ฎ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ "
Kindly Spend next 5 minutes and read fully for " ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ "
Click on "๐ฆ๐ต๐ผ๐ ๐บ๐ผ๐ฟ๐ฒ" to read fully.
๐๐ถ๐ธ๐ฒ & ๐ฅ๐ฒ๐๐๐ฒ๐ฒ๐ is appreciated
After reading this tweet fully you will get any clear idea as a Banknifty / Nifty trader to,
- ๐๐ฑ๐ฒ๐ป๐๐ถ๐ณ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ.
- ๐ง๐ฟ๐ฎ๐ฑ๐ฒ ๐ฎ๐น๐ผ๐ป๐ด ๐๐ถ๐๐ต ๐๐ต๐ฒ ๐ง๐ฟ๐ฒ๐ป๐ฑ/๐๐๐ฟ๐ฟ๐ฒ๐ป๐ ๐๐ถ๐ฟ๐ฒ๐ฐ๐๐ถ๐ผ๐ป & ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ฎ๐น.
This technique can be used on All Timeframe from 5 min to Daily/Weekly.
The tool I have used here is ๐๐ฃ๐ฅ few might be aware or it can be something new.
Basically CPR has 3 levels Top CPR level , CPR level , Bottom CPR level.
1] ๐๐ก๐๐ซ๐ ๐๐ซ๐ ๐ฆ๐๐ง๐ฒ ๐ฐ๐๐ฒ๐ฌ ๐ญ๐จ ๐ฎ๐ฌ๐ ๐๐๐. ๐๐๐ญ'๐ฌ ๐ฆ๐๐ค๐ ๐ข๐ญ ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐๐ฆ๐๐ฐ๐จ๐ซ๐ค ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐๐๐ indicator. ( Just Refer the ๐๐บ๐ฎ๐ด๐ฒ ๐ญ to understand the framework )
Framework in the Image -1 tells about Trend UP & Down it will help for both Trend following & Reversal trades.
2] Moving on to ๐๐บ๐ฎ๐ด๐ฒ ๐ฎ let's start with Trend Following.
CPR without overlapping shifting UP for minimum 2/3 trading days - Trend looks ๐๐จ๐๐๐๐ฆ๐.
CPR without overlapping shifting DOWN for minimum 2/3 trading days - Trend looks ๐๐๐๐ฅ๐๐ฆ๐.
In the Image - 2 everyday CPR is clearly shifting down means Information from Chart - ๐ง๐ฟ๐ฒ๐ป๐ฑ ๐ถ๐ ๐๐ข๐ช๐ก.
Now I will check as per the Framework ( Image 1 ) which one is trying to clearly develop for my trading opportunity.
Here price is rejecting from Top CPR with ๐ง๐ฟ๐ฒ๐ป๐ฑ ๐ถ๐ ๐๐ข๐ช๐ก.
My focus is to follow the current trend and focus on Bearish trade opportunity - Very simple.
Vice Versa for Bullish according to the Framework.
3] Moving on to ๐๐บ๐ฎ๐ด๐ฒ ๐ฏ let's check Reversal Trading against the TREND.
Here with the ๐ง๐ฟ๐ฒ๐ป๐ฑ ๐ถ๐ ๐๐ข๐ช๐ก but price failed to trade below Bottom CPR ( Refer the Framework if you have doubt )
So there is a chance of Upside Reversal as sellers are failing to trade below Bottom CPR.
If you are confused read it again & then scroll down.
Check the IMAGE 3 to understand clearly.
4] Next ๐๐บ๐ฎ๐ด๐ฒ ๐ฐ here is a interesting example of Big Trend Change.
Generally when the trend changes the ๐๐ถ๐ฟ๐๐ ๐ฃ๐๐น๐น๐ฏ๐ฎ๐ฐ๐ธ ๐ฅ๐ฒ๐ท๐ฒ๐ฐ๐๐ถ๐ผ๐ป ๐ถ๐ป ๐ณ๐ฎ๐๐ผ๐๐ฟ ๐ผ๐ณ ๐ก๐ฒ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ ๐ถ๐ ๐บ๐ผ๐ฟ๐ฒ ๐๐๐ฟ๐ผ๐ป๐ด๐ฒ๐ฟ.
Now how to identify Big Trend change using CPR ? ( Kindly Read the written wording in Image 4 )
Learn - Upgrade - Earn
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I have shared my observation .Use it for educational & knowledge purpose only.