Discover and read the best of Twitter Threads about #charts

Most recents (20)

When one wants to start trading in NSE Currency Derivatives, one is faced with an important question?

What's the process to follow to increase the odds of making money in currency derivatives?

Ans
A>>> Understand the currency market
Books: Currency Trading For Dummies &
2/ Ashraf Laidi's Book: Currency Trading and Intermarket Analysis

B>>>
Understand futures and options

C>>>

Which tools to USE to identify long/short trades in futures and options or option strategies

Tools are:

1) Technical

2) Macro eco & fundamental data analysis
3/

Technical Analysis is based on price & participation:

(i) Chart based analysis
(ii) Statistical analysis

Here, price and participation (volume & OI) becomes the input for analysis

for eg. the following chart of USDINR
Read 31 tweets
Thread 🧵explaining #CupHandle Pattern used in #TechnicalAnalysis
(Must read for #TA learners)

🙏Like & RT to spread learning with all🙏

@rohanshah619 @Mitesh_Engr
@PAlearner @Puretechnicals9

Views Welcome

#TechnicalAnalysis #StockMarket
1⃣

Cup and Handle is a #bullish continuation chart pattern. It is formed by two rounded troughs, the first being deeper and wider than the second.

The first trough is known as #cup while second trough is known as #handle.

#TechnicalAnalysis #ChartPatterns #Charts #StockMarket
2⃣

The high points of the cup and the handle are aligned on the same horizontal #resistance line known as the #neckline of the cup with handle pattern.

#TechnicalAnalysis #ChartPatterns #Charts #StockMarket
Read 7 tweets
Weekend Study #charts - No recommendations. Only for study purposes.
1. #TataMotors - self-explanatory chart. Link below
invst.ly/v47gl
2. #graphite - Chart with fib confluences.
invst.ly/v47o6

#MajorsCorner
3. #Shemaroo - Chart enclosed.

invst.ly/v47q8
Read 5 tweets
3i Infotech Daily Chart

1. Stock is outperforming the NIFTY50 over the past 50 days
2. Stock is trading above the 15, 40, and 100 day SMA & it crossed the 15 day SMA yesterday
3. MACD histogram has given an uptick below the 0 line
4. RSI14 is in the bullish zone, facing up & is in convergence with the price action. A positive crossover between RSI5 & RSI14 happened yesterday
5. The stock is on the verge of breaking its previous high of 6 years at 9.8 & will also breakout from a 6 month consolidation period
6. Buy at the CMP with a stop-loss at 8 (40 day SMA) for the following targets -
- 13.55
- 18
- 22

Note - The targets are very conservative as the stock has made a rounding bottom & 2021 has recorded the highest volumes in the history of the stock, suggesting strong accumulation
Read 4 tweets
#Charts Fans, lets do this!
Thread time!

$SPY $QQQ $DIA $TRAN $IWM $SOX $IGV $XLF $XLI $JETS $GLD $XLE #Yield #McClellan #Insiders #PanicEuphoria

#stockCharts
$DIA #DJIA has been absolutely buzzing this year, Value vs Growth continues to sky rocket as Value was beaten down pretty hard during pandemic and growth rose exponentially, so far the story of 2021 has been Value! This is very very bulish still, lets see how far this extends!
$SPY $SPX

Spy continues to ride this channel and holding the bottom channel, very range bound so far, lets see if it takes off and breaks the upper channel, target 420 in 6-8 weeks
Read 22 tweets
Cryptocurrencies Thread
$BTC $XRP $XLM $ADA $VET #cryptocurrencies #cryptotwitter Image
$XLM #Stellar "to bank the unbanked population as well as to compete directly with the likes of SWIFT and Ripple in the space of cross-border transactions." Image
$XLM #Stellar Partnerships, Integrations, And Collaborations:
IBM, Smartlands, Stripe, HTC Exodus, Franklin Templeton, Wirex, Baracoin, Novatti Group, Saldo, Tempo, Bitbond, SureRemit, .... more
Read 24 tweets
Was doing #Gochar #Transit analysis for a #Libra #Jaatak #Kundali when I stumbled upon a very powerful #Astro event taking place in ALL #Libra #Charts but also potentially quite damaging for the #Jaatak if their #Natal #Chart or #Lagnesh is weak...
#Mars would be around 25* in the 6th #Bhaav, looking into the #Lagan with 8th #Drishti where #Laganesh #Venus would also be placed with similar #Degrees. #Mars/#Venus are not just antiparties, they are also #Enemies to one another and hence this #Vedan is not the best
#Rahu, placed in the 8th #Bhaav of the #Chart would also be having similar 25*. In #Taurus, dispositor of #Rahu is #Venus. #Rahu and #Venus having similar strength, #Rahu becomes very powerful and #Malefic for the time being
Read 8 tweets
#banknifty #futures #charts
blue arrow-rise with low vols...resulted in reversal(becomes res)
brown arrow-a very sharp bounce after a steep fall(becomes sup)
pink arrow-approaches res,vols thr but long upper shadow reflects rejection so bearish
green arrow- breakdown with volumes. fat red candle. range break but better to wait for follow thru. next candle more like pinbar with good vols. short below low or long abv high. results in strong upside
red arrow-approaching resistance. vols thr but need a close abv breakout. failure to close above resulted in pressure. good time to be bearish. the fall has been with falling vols and overall structure range bound. so no deep tgts.
Read 4 tweets
I believe #ratio #charts are one of the most underrated and underutilized tools in #technicalanalysis. Do you agree?
Ever wondered which stock to chose between the two?

#HDFC or #HDFCBank?
#TCS or #Infosys?
#HeroMoto or #BajajAuto?
#ACC or #Ambuja?
#BPCL or #HPCL?
#BajajFinserv or #Bajajfinance?

But don't know whats the best approach to pick one?
#Ratio #charts can help you identify the best stock for #trading and #investment. You can plot a #ratiochart by dividing the price on one stock with another. Its preferable to divide the high priced stock with low priced one to get ratios greater than 1.
Read 13 tweets
These are a few of my favorite things 🎵🎶🎵

#uranium #charts
Eff you you. I think we can call that a trend break on MONSTER volume. Image
Little ole quietly making a new high. How cute. 😇 Image
Read 5 tweets
I am building up on the concept of #RTM shared by @heartwon in this post -

#RTM = Short-Term Mvng Avg (5DEMA) / Longer-Term Mvng Avg (20 DEMA)

He adds another #RTM: 4 Week EMA / 12 Week EMA on the #charts to get a holistic view
So the two #RTM's work like a MACD except that an #MACD plots the absolute difference between 2 mvng avgs. But since we are dividing one avg with another in #RTM we can use it to compare one stock with another which we cant do in a MACD.
I have applied the concept of RTM on F&O stocks and come up with some insights. If the daily #RTM value is above the Weekly #RTM value then I define the trend as bullish. Then I calculate the difference between Daily and weekly #RTM's across F&O stocks. Image
Read 6 tweets
1-A lot of people sometimes contact me – for what is perhaps unique to #India!

They call it #HoroscopeMatching.

And it is undertaken mostly just before the marriage season commences – around the end of #October. (1/29)

#astrologicalnuggets
2-Over the years I have gathered a certain little understanding about this beautiful aspect of #Vedic #Astrology

And today, we shall dwell a little on it (2/29)

#thumbrulesofastrology
3-Though, our #Scriptures have a very clear and definitive commentary on this aspect,

..I have found the works of Hart De Fouw particularly helpful for a #Learner.

Here is a #simplified version of the understanding. (3/29)

#ज्योतिषीयसूत्र
Read 29 tweets
Minor but powerful enhancements

We can now view the TPO value of the Market Profile Chart in Auto mode

#marketProfile #charts Image
Also, ATR values on all advanced charts will be viewable

#Renko #Kagi #LineBreak #PointFigure #Rangebars Image
Lastly, no more repaint of historic bars on ATR mode in advanced charts

ATR values locked down for every ticker/symbol and timeframe
Read 3 tweets
Happy to announce partnership with Binance to bring live trading off GoCharting Charts

We support both Spot and Futures trading on Binance. Its a forever FREE feature

Order Types: Limit/Market/Stop/Stop Limit.

Steps given below...

#binance #trading #charts Image
1/3

Connect to Binance: Image
2/3

Place Orders through Order Panels: Image
Read 4 tweets
I’m starting to like a potential analog with the 1962 stock market crash. See the 4 attached charts. H/T to both @StockCharts @rdwyckoff

$SPX #SPX $COMPQ #QQQ $QQQ $SPY #SPY #trading #investing #coronavirus #COVID19 #StockMarket #stockmarketcrash #stocks #economy #recession $DIA ImageImageImageImage
This was a great rally to provide a bit of evidence in support of the 1962 analog mentioned in an earlier tweet.

$SPX #SPX $COMPQ #QQQ $QQQ $SPY #SPY #trading #investing #coronavirus #COVID19 #StockMarket #stockmarketcrash #stocks #economy #recession $DIA #DIA $IWM #IWM ImageImageImage
1962 $SPX analog still looks strong. Combined with extreme sentiment, oversold levels, and internals, the potential is certainly there for this scenario play out.

#economy #COVID2019 $COMPQ #QQQ $QQQ $SPY #SPY #trading #investing #SPX #coronavirus #COVID19 #StockMarket #stocks ImageImageImageImage
Read 85 tweets
#MetaphysicsOfQuality iⁿtrade:

• Fixed #RiskManagement is Percentage #StopLoss.
• Such a StopLoss is -100% of the initial MarginLevel Percentage.
• So #netting may appear at -50% of MarginLevel Percentage.
• Any #LEVERAGE just offers #DrawDown
kind of limited LOSS.
🔻
• A #lever on #fulcrum is
better than leverage!
• My #BreadthScreener™ is
not a BLACKBOX!
• It SPOTS the FULCRUM &
NABS the SHORT LEVER:
• The #BreadthScreener™ is a #non_forecasting,
#volatility-gauging,
#trading #system
#ConstantRisk #FixedRisk #Management SURVIVES!
🔻
• Since #practice precedes #theory,
#RiskManagement precedes #trading setups;
• Since theory doesn't make difference between theory & practice,
— Setups' forecasting don't forecast fail;
• Since practice makes the difference,
#FixedRisk precedes #TradingStrategy setups
🔻
Read 15 tweets
Saving your charts on the cloud is officially live in GoCharting now. Starting a thread on this topic
#clouds #aws #charts #gocharting Image
There is no cap or restrictions on the number of charts you can save on the cloud. So go nuts!!!
The feature is in alpha stage. Please report issues if you face any. Feedback is most welcome.

PS: Auto save will be enabled in a few days once we see the basic functionality stabilize
Read 4 tweets
Is this what you have been made to pay for? Not anymore.....
Presenting fully loaded and FREE Volume Profile Charts in GoCharting platform
#volumeProfile #TA #TechnicalAnalysis #charts #bitcoin #nifty50 Image
Image
@ShowerFourth We are serious about orderflow now. Join us to build the next gen orderflow tools
Read 3 tweets
I have been #Trading since 2008, where I lost big in the initial phase, I have explained about my losses here (qr.ae/TU1cUq).
But my trading journey dramatically changed only after learning about #QuantitativeTrading, only after I was introduced to #Amibroker,
I got to know about its features and functionalities & learnt how to test #tradingideas,how to build a #TradingSystem, how to generate trading ideas and validate them, how to #backtest my trading ideas, till then I use to test my ideas manually going through many charts for hours
Remember #Amibroker is charting tool, but none of my trading system is based on #charts, instead i started using it for #dataanalytics & that has made all the difference.
Read 4 tweets
#NIFTY500 Index - 75 min chart shows formation of a Triangle. Reversal confirmation awaited. Image
It is as close as it can get. Make or break level of the pattern. 61.8-78.6% retracement zone for completion of wave "e" #Nifty500 index Image
#Nifty500 index : Looks like the index may form a text-book type pattern structure. Image
Read 13 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!