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Price Action Trader
@PAVLeader
, 3 tweets, 2 min read Read on Twitter
I am working on an Amibroker AFL which can scan & give me stocks which are rising for last 5 days on falling volume. If the stock is rising with reduced momentum then it would be an ideal candidate to short on the break of previous day low.

Example IndusindBk
Just translating my ideas into AFL so that I dont need to manually scan 100s of stocks. This AFL can also be customized to scan stocks which r in pull back mode on lower vol after a breakout. This way they r ready to explode up on break of prev day high & vice versa for shorts.
As promised I have added a couple of volume scanners. Please experiment with them & develop your own trading strategy to make the best use of these. With right #priceaction combination these #volume scanners will help find high probability trades.
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More from @PAVLeader see all

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Price Action Trader
@PAVLeader
Price action trading looks very simple especially for newbies who see it for the first time & think that its a piece of cake. We just need to short at supply zone & buy at demand zone. Let me warn you guys, it is not as simple as you think. Its very tricky & subjective.

1/n
Same chart seen by 2 people can be interpreted in 2 different ways. Everyone looks the same chart differently so unless you know what you are doing, dont trade price action. It doesn't come in 1 day, week, month or year.

2/n
You need to consistently learn the concepts, apply them on chart via manual chart screening 1000s of hours & then only you will be able to grab your piece of share from the market. Till that time - LEARN, LEARN & LEARN. No shortcuts guys so practice patience!

3/3
Read 3 tweets
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Price Action Trader
@PAVLeader
What is a trade scanner? #LearnWithPAL
A scanner is nothing but a set of buy/sell rules which a trader defines after he/she manually backtest his/her ideas on charts. It is a method to translate your trading ideas into a rule so that you dont need to manually scan in future

1/n
There is nothing magical in it but lot of people ask me to share a magical scanner to get 100% solid signals which can change their life. This sort of thing doesn't exist at all. Its a myth to have a scanner giving 100% accurate results.

2/n
My scanner may or may not work for you because I built it based on my trade conditions & I look for something specific in a chart before I take a trade. Even if you get the scanner, you may not get the required conviction along with it.

3/n
Read 4 tweets
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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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So, watching it was a really strange experience--I think they brought it in for a landing really well, and that last cutscene was better than anything I imagined for it. Just stunningly beautiful.
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Most of serious investors are fully invested. With the kind of sell-off witnessed in #Bajaj twins, #HDFC twins, #Reliance, #Kotak, quality midcaps/largecaps, no one is spared. Even Portfolios of respected investors like Rakesh J, @porinju, @VijayKedia1, SP Tulsian are down!!
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Alex Krüger 🇦🇷
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1/n Global equities Q2 2018 recap: Despite concerns on trade, US monetary tightening, curve flattening, and rising oil prices, global equities were flat in Q2. (source HSBC Equity Research) #stocks
2/n US and Norway were the only two major markets to rise in USD terms. Eurozone fell 4%, EM 10% (worst since Q3 2015). The 6% rise in the DXY USD was the key driver. Brazil was the worst performing market globally, down 27%, as political concerns weighed.
3/n Valuation multiples broadly stable over Q2. MSCI ACWI PE is at 14.9x. This is 9% below start of 2018, and back below the long-term average of 15.7x.

US PE at 16.8x
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