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Price Action Trader
@PAVLeader
, 2 tweets, 5 min read Read on Twitter
Simplifying Supply/Demand Zone Trading

Attaching a CHEAT SHEET to learn what qualifies for a Supply/Demand zone & when they work & when they dont. PDF version is available at the link below -

drive.google.com/drive/u/1/fold…

#LearnWithPAL
#HappyTrading
Friends, RT if u find it useful
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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

Related threads

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HMK alias MANOJ
@scorpiomanojFRM
#TRADING Intraday - A very simple intraday trading method; No sophisticated systems / pivots / fibbonaci / indicators / EW..... etc ; This is being followed by sum of the successful intraday traders in the world and even in our markets too. The following are the steps:
NOTE; THE LEVELS ARE NOT RECOMMENDATIONS FOR NEXT DAYS TRADE. THEY ARE USED TO EXPLAIN THE CONCEPTS.
1) Open Daily Chart, say for eg.,Nifty.
2) Identify nearest support and resistance from the latest close. Mark horizontal lines (for eg, blue).
3) Now go to 1 hr chart.
4) Identify nearest support and resistance from the latest close. Mark horizontal lines with different colors (for eg., black). If S & R of 1 hr tf is same as daily tf, identify the next visible S & R in 1hr tf and mark accordingly.
Read 10 tweets
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HMK alias MANOJ
@scorpiomanojFRM
#TRADING Intraday Trading Setup 3 - Pivot trend relationship setup
Before getting into the setup a brief intro on pivots; Today's HLC will pave way for tom's pivots. Yesterday's HLC was used for today's pivots. In short `n' period HLC will be used for determining `n+1' pivots.
Above chart illustrates tomorrows pivots based on today's HLC. So next day's pivot Vs current days pivot position is known. In other words the pivot trend is known. If next day's pivot range is higher than today's pivot range it is called Higher value relationship;
If next day's pivot range is lower than today's pivot range it is called Lower value relationship;
Read 7 tweets
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HMK alias MANOJ
@scorpiomanojFRM
#TRADING Intraday Setup 1 - 3S_Vwap breakout - High prob setup; 5 min tf - Plot VWAP along with 3 std dev VWAP band above and below. Plot 8 period pivot EMA. PRIMARY CONDITION - VWAP SLOPING UPWARDS FOR LONG AND DOWNWARDS FOR SHORT. Following is for longs; Reverse for short.
Long cond. - Price cross above 3 std dev VWAP upper band; Go long at the 1st pullback to 8 period pivot ema abv prev candle high or first pullback to 3 std dev vwap abv prev candle. If trend is strong pullback will be limited to 3sdvwap. Stop at few ticks below 8 prd pvt ema
Trail 8 prd pivot ema if pullback is shallow or 3 sd vwap . If in a strong trend, price breaks below 3 sd vwap, exit and if in a shallow trend if price breaks below 8 period pivot ema, exit. Egs attached for both shallow trend with 8 prd pvt ema pull back and 3sdvwap pullback.
Read 4 tweets
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HMK alias MANOJ
@scorpiomanojFRM
#TRADING
A simple intraday trading strategy:

Timeframe :
Preferably 5 min

Instrument :
Preferably BankNifty Futures

Technical tools required :
a) Standard Pivots (Floor Pivots)
b) Accumulation distribution indicator or OBV indicator
c) RSI13 (can customise)

1/n
Concept:
Entering into a trade based on leading indicators that are derived from only price and volume complemented by RSI to ascertain the strength of trend.
AccumDist = [(C-O) / (H-L) ] x Volume

2/n
If AccumDist is positive, then C > O and if it is sloping upwards, then C > O along with increase in Volume. Viceversa for negative. Running total of AccumDist provides Cumulative AccumDist which is available in all technical softwares.

3/n
Read 6 tweets
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wiiw
@wiiw_news
The new @wiiw_news Handbook of #Statistics 2018 contains updated key #macroeconomic & structural indicators for 22 economies in #CESEE serving as easy-to-use reference tool & facilitating comparisons across topics, countries & time.
wiiw.ac.at/wiiw-handbook-…
Thread: 1/11
New features of the 2018 ed. include e.g.
- new key indicators at #regional levels
- #wages & #investment data by activity now also available for #Turkey
- comparable #structural breakdown for all countries
Find below examples of some conclusions from the newly released data
2/11
All countries in #CESEE experienced positive #economic #growth in 2017, clear leader was #EUCEE with average real GDP growth of 4.9%. Ten economies achieved their highest real #GDP growth rates over the last 5 years.
3/11
Read 11 tweets
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Edwin Hayward
@uk_domain_names
I apologise for the braincells that will undoubtedly die as a result, but if you want to read the ERG's Brexit myth-busting document they put out a few hours ago, it is available at the link below. Or you could just slam your hand in a door a few times.
globalbritain.co.uk/wp-content/upl…
I'll just let this linger...
A) The ERG want a hard Brexit (i.e. no deal)
B) The document, flawed though it is, supposedly busts the myths in a UK-EU free trade deal (which of course wouldn't exist under a no deal scenario)
Reminds me of David Davis and Jeremy Corbyn wittering recently about all the negotiations they'll be able to do during the transition period following a no deal Brexit.

Except that there won't be any transition period. Because. It's. No. Deal.
Read 15 tweets

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