Based on ADX and RSI set up suggested by @TarunNayak2905 Analysed some charts.

Time - 5 Min

Observation -
1. ADX 27 - 15 & RSI betwee 60 - 40 - Sideways.
2. ADX above 27 & RSI above 60 - Bullish
3. ADX above 27 & RSI below 40 -
Bearish.

Check charts below -

Nifty Expiry 01.10.2017

Nifty Expiry 03.09.2020

Read 11 tweets

JK 🇮🇳

@PAlearner

Aug 17, 2020

As promised earlier, here I am starting thread on prediction of market direction by using simple TA.

Direction can be predicted with few minutes.

Terminologies used are -
PDR - previous day Range
PDH - Previous day High
PDL- Previous day Low

1/n

Nifty ( Market) Direction prediction by using technical Analysis -

1. If Nifty opened within previous days range & 1st 15 min candle breakout on upside then go for Bullish to Sideways View.

2/n

2. If Nifty opened within previous days range & 1st 15 min candle breakout on Downside then go for Bearish to Sideways View.

3. If Nifty opened Above previous days range & 1st 15 min candle breakout on upside then go for Bullish View.

3/n

Read 6 tweets

JK 🇮🇳

@PAlearner

Jul 17, 2020

When I entered in trading in Yr 2017,
I searched for paid advisory services - I called many, there charges were like

1. Rs 10000 Per Call. Reason behind this was advisor him self paying huge to operator or so called expert to get this call.
2. Other option Rs 25000/ month
1/1

3. One option was 30% Profit sharing, No loss sharing. One day I joined one what's group, admin gave call to buy Tata global CE and PNB bank CE.
I made 60 K profit on Tata global and I lost 35 K on PNB, he started demanding 30% on 60 K. Where as 35 K loss was totally mine.
2/2.

4. This option is very lucrative, they will only charge Rs 1999 per month.
Most of the traders fall in this trap as they think this fees is very less.

Unfortunately These traps present today also.

3/3

Read 4 tweets

JK 🇮🇳

@PAlearner

Jul 10, 2020

Friends ,

I was just studying my Monthly Iron condor strategy for the past months and i came up with some observation .

i found that when VIX is very low it is difficult to find good premium for IC at far away strikes .

1/1

I collected INDIA VIX Data for last 21 Months , I calculated Nifty Range based on VIX and compared it with actual Nifty Moves .

Out of 21 Months Nifty Actual move breached Vix Calculated move by 7 times that to only by 2-3% higher or lower.

see the data -

That means most of the Time Nifty follows Vix calculated move . Just take 2-3 % margin of safety.

How to calculate Nifty Move From VIX ( Formula taken from Youtube videos ) -

See Below

Read 4 tweets

JK 🇮🇳

@PAlearner

Jun 30, 2020

I also entered in the trading in Yr 2017 by seeing MTM screenshot on social media.
Falled in trap with some paid advisors - lost 75 % of of my capital in 2 years.
After that started learning, attended many webinars - 90% were useless - lost money there also.
1/1

After that started self learning, worked hard on TA. Learned many indicators.
Tried many indicators but still trading was not getting better.
I was making some profit and again loosing it on bad trades.
2/2

Started working on price action and Risk management and Options strategies. I didn't made any loss from Dec - 2018.

Learning - There is no replacement to Self learning and Hard work.
Don't fall in trap with Paid advisors and seminars and webinars.
Find you edge and Trade.
3/3

Read 5 tweets

Share this page!

Enter URL or ID to Unroll

JK 🇮🇳

Try unrolling a thread yourself!

More from @PAlearner

JK 🇮🇳

JK 🇮🇳

JK 🇮🇳

JK 🇮🇳

JK 🇮🇳

JK 🇮🇳

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!