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Price Action Trader
@PAVLeader
, 3 tweets, 6 min read Read on Twitter
Simplifying Trend Trading

Based on my experience I have collected some thoughts & prepared this one pager to help you spot a trend, ride, enter, place stop loss & define target. Enjoy!

Zoom the setup image for high resolution!

#WeekendLearning
#TradeWithPAL
#LearnWithPAL
Pls RT to spread the awareness & learning!

@Trendmyfriends @sanstocktrader @niftywizard @Amit_Gulecha @BissaGauravB @thedumbtrader @chief_vk @Deishma @iManasArora @Rayner_Teo @indian_stockss @priceinaction @matrix_trader07 @ravi_mehata @PRSundar64 @itjegan
There is a small correction in the "How to ride the trend" section hence uploading the corrected version of the Trend Trading setup page. Please ignore the previous one & use this one. Thanks!
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More from @PAVLeader see all

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Price Action Trader
@PAVLeader
#BANKNIFTY Future bar by bar commentary for today's move for learning purpose.

1/n
After a powerful reversal with massive volume & wide range bar yesterday #BNF closed above EMA21 & has made higher higher on 15M candles & didnt break the low of any previous candle.
2/n

This shows the strength in the move & shows the strong momentum upside. After so many days of downfall, bears were shorting on every rise & this was a perfect "Bear Trap" setup (yesterday it broke the day low only to reverse).
3/n
At yesterday close selling profit booking was witnessed but today's open didn't break the low of that candle as well. It shows we still have some steam left for upside.

Points below are aligned with the numbers marked on the chart for easy understanding -
Read 12 tweets
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Price Action Trader
@PAVLeader
Thank you @SauSethi for your kind words. Good question & I am sure lot many other IT professionals are struggling with this situation so let me share what I follow.
With 2 growing kids (14Y & 10Y) & a very high pressure, high visibility senior level job at one of the top IT companies, my schedule is always crazy but due to my passion towards capital markets I manage my time to do analysis & trade. Here is what I follow religiously -

1/n
2/n
1. I do all my analysis EOD basis & remember the stocks I need to trade next day & their key levels of support/resistance
2. I set alerts in IIFL mobile app with Buy above, Short below levels so that I dont need to track these during the day
Read 7 tweets
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Price Action Trader
@PAVLeader
Build your stock scanner
1/n
If you want to get BEST results in trading, keep eyeballing charts manually & give max time for manual screening & scrolling. This will help you understand the behavior of an individual chart & will help you strengthen your #PriceAction skills.
2/n
 Above all it will help you build your own scanner becoz you know what works what doesnt. More time you do this, more confidence you will get on your trading skills & eventually it will help you in making more money. It's a journey you have to travel & there is no shortcut.
3/n
 Every week, I keep testing new ideas & build new scanners in Amibroker which helps me scan stocks matching my buy/sell criteria. The criteria could be any condition, any indicator, 52HL etc. You are just translating your thoughts into a scanner to get you the results you need
Read 5 tweets

Related threads

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Saravanan
@k_s_saravanan
𝐓𝐫𝐚𝐝𝐞 𝐏𝐥𝐚𝐧 𝐟𝐨𝐫 𝐓𝐫𝐚𝐝𝐞 𝟑
if this count is Correct then nifty should touch minimum 11582 and bounce towards all time high... will decide Entry Plan as per that
#neowave #trading
Bought Nifty FUT at 11691 Stop Loss Day Low
Exited AT 11679
Read 22 tweets
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Dr. Sara Althari | د. سارة الثاري
@SaraTee77
Thread: some high level tips & general advice for phd students (based on my experience) #phdchat
1. Understand the incentive & motivation behind your choice to make this enormous commitment. Be fully transparent & honest w/ yourself. This is the big picture — the macro perspective. It will help you navigate the process w/ impeccable clarity, efficiency, & resilience.
2. Build a reliable network of kind and compassionate mentors characterised by a diversity of career backgrounds, levels of seniority/expertise, life experiences. Consult them often, build trust, and give them access to your dreams and fears. Nourish these relationships.
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Alex Krüger 🇦🇷
@Crypto_Macro
Gorgeous crypto reversal underway, particularly so on $ETH given how undersold it was, although the setup was cleaner on $BTC. Ideal long entries in my book:
- ETH: 1840-1920 EST $264-$270
- BTC: 1500-1930 EST $6100-$6170
#trading
Setup described as a strong drop that slowly rolls over, upwards. Ideal longs come in the 61.8%-70% reversal, ideally on a 2nd push towards a prior failed attempt to break higher - looking to trade the breakout of the prior failed attempt. Don't want to be dogmatic about the %s.
This may sound like a lot of work, requiring too much chart watching. But it is not so, as these kind of reversals do not happen that often.
Read 12 tweets
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Alex Krüger 🇦🇷
@Crypto_Macro
How to trade Support $BTC $XBT #trading small time frames:
#1: don't guess price will bounce off support, buy the bounce off support.
#2: must know how to take a loss and flip direction - or at the bare minimum take a loss. Never EVER get caught on a V-reversal back to support.
That's at least how I execute, and works extremely well. Can use this for scalping or for getting into larger moves/trends with the immediate impulse behind one's back.
This is called Price Action. Same price action concepts are applicable to all time frames => this approach to execution is useful for all short-term scalpers, mid-term swing traders, and long-term investors who want to enter with the trend.
Read 3 tweets
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oshBTC
@oshBTC
1/ It seems every #trader has to do the same mistakes as their predecessors. There are #wisdowms you will only understand, if you have experienced them yourself. In this thread I will give you the #wisdom, which can make the difference between being broke and driving lambos #btc
2/ Money is made in big swings

When realizing what profits can be made with trading, many start daytrading and want to #profit from every movement. You won't make more #money. Instead you will lose plenty of time. Watch big time frames and take positions for weeks #btc #trading
3/ When entering a #trade, have targets and a stop loss order

There is nothing more for you to do. There are two outcomes:

-you being stopped out
-you reaching your target

either is fine

realizing losses > being a bagholder
realized profits > unrealized profits

#btc #trading
Read 14 tweets
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Harshraj O+ve
@meinincubator
Ur True Journey as a #Trader starts only after you learn to ignore & stop Trading on so called Analyst Trading Call, Views, Opinions & start trying ur own Trading Strategy, Plan, System;
test them with small size, keep Trading Journal for tracking results to modify accordingly.
Those who not try to take efforts on his/her own,
sooner or later fall prey to Analysts who runs Slack Rooms (nothing wrong if one have legal authority to run) for Live Trading Calls & post same call on Social Media afterwards mainly if not going Acc. to their SR Call (unethical)
If not prey to Unethical Analyst then New Traders tends to take blind bets on Stocks without #Riskmanagement & Plan, Strategy.
Emotional Trading is cause of sure failure of #Trading.
Read 13 tweets

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