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Aneesh Philomina Antony Profile picture
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30 Dec 20, 7 tweets, 3 min read
Few concepts upon which day trading systems can be built upon

1.In up trending market look for pin bar with good volume
2.Rsi divergence and macd histogram divergence both at the same time on 3 min chart
3.Open = Low (15min)

1/7
4.ORB with 15 min candle stick along with support and resistance of previous 5 days
5.Pullbacks in Strong momentum (wide range candles + Volume) stocks
6.ORB with volatility contraction and then wide range candle breakout with volume expansion

2/7
7.Fakeout like spring and Upthrust for entry pullback with low volume
8.CPR analysis with standard pivots
9.PDH/PDL breakout with volume, vwap and RSI confirmation

3/7
10.Horizontal support/resistance from HTF and confirmation of acceptance or rejection in lower timeframe as reversal candlestick patterns with volume confirmation
11.Call writing data and Put Writing data in correlation with price action

4/7
12.Pivots (Fibonacci) and Price action with volume activity
13.Ichimoku set ups with previous day NR4/NR7 scrips with pivots and volume as trading tools
14.Support and rejections on 100/200 ema
15.EMA20 and rsi divergence with daily trend structure

5/7
16.Buy on Open + yesterday range/2 when ST (10, 2) is buy. Sell on Open - yesterday range/2 when ST (10, 2) is buy

6/7
All theabv points are taken from the question i raised in the following thread

All credits to the ones who commented
Use the info carefully
if one intends to create a system out of this, all proper methods to b practised which are otherwise in place

7/7

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Aneesh Philomina Antony Profile picture
27 Dec 20
If u are looking to enter a scrip just before the breakout
what would u look for?
How would u identify scrips just before breakout?

Here are a few pointers
Carefully understand the them and use at ur own discretion
(All comments r compiled from a question i posed)

1/23
Price is testing the same resistance repeatedly since long.
But now in recent times it's forming multiple candles near the same resistance with low volume.
Observe it and see for opposite move.
As soon as u get a positive candle, get in to it.

2/23
1. Volume buildup (vol > when resistance point created) along with, increase in OI, increase in delivery % on HTF
2. On LTF, price stalling around breakout area for at least 1-2hr.
3. No major events.

3/23
Read 23 tweets
Aneesh Philomina Antony Profile picture
20 Dec 20
How would u obejectively determine 'Bullish Stocks"
in case if u want to create a mechanical scanner for that

here are 15 directives for that

1st time making ATH after 6-12 months consolidation

1/8
Weekly TF
No breach of previous swing low.
RSI above 70 for continuous time duration
Never breached and closed below 34 week ema.
RS comapre to sectoral index is highest.
Sectoral index is at 52 week high.
Daily:
Position be taken on breakout of consolidation

2/8
Stocks which were trading continuously above 200 EMA,
Monthly RSI >60, Weekely RSI>60,
Market structure on monthly basis HH HL

Stock schould be above daily/weekly/monthly above ichimoku cloud
Relative strength out performing

3/8
Read 8 tweets
Aneesh Philomina Antony Profile picture
17 Dec 20
How to identify if an instrument trading sideways?

here are a few pointers

1. stock is stuck between swing high and low or SR zones which are in very tight range

2. Anchored vwap from last swing high and swing low converges each other and price howering near by

1/8
3. Short term moving average crosses long term MA several times in both direction in short period

4. Price crossing 200sma several times with flat 200sma with average or below average volume

5. Contraction of price structure & formation of chart patterns

2/8
6. RSI trapped between 60 and 40 for long period & ADX measuring below 20

7. False break out on either sides at support n resistance

8. Price is overlapping between Ichimoku clouds, and taken/kejun and clouds are flat

3/8
Read 8 tweets
Aneesh Philomina Antony Profile picture
14 Dec 20
Elliott wave theory says price moves in 5 waves up and 3 waves down
Let’s concentrate on the 5 wave up move part.

Here wave 1 is analogous to the first higher high after deeper correction. Here trend reversal sets in.

1/7
It followed by a deep correction in the form of wave 2. Having made a higher low in wave 2,
wave 3 confirms above the top of wave 1.
That’s supposed to be the strongest price move in the entire cycle.

2/7
This followed by a very shallow correction which usually lesser than 50% of the entire wave 3,
usually its lesser than 40% even.
This shallow pullback is a signal that another strong up move is on the cards.
That wave 5 which terminates the up move cycle.

3/7
Read 7 tweets
Aneesh Philomina Antony Profile picture
2 Dec 20
here is a sensible plan, which i would follow

u were in cash bcz market wasnt supporting delivery trades with long bias. So this is the primary factor u need ur analysis to b based upon.
The best tool to guage the market health is market breadth

1/13
such as advance/decline ratio, % of scrips abv 200 SMA, number of scrips at yearly highs etc. The idea behind it is find out a general condition which held true in the past bullish phases in the market.

2/13
Suppose in the past bull markets, there were >70% scrips abv 200SMA till the bull market finishes. So u can form a thesis that once we have this data coosses abv 70% critical level, u would be able to assess that market is starting a new bull market stage.
3/13
Read 13 tweets
Aneesh Philomina Antony Profile picture
23 Oct 20
Components of a focussed trading journal

A trading journal isnt just about recording basic trade details
Its a live market forward test report as well.
For that u need to assess & analyse various facets in trading separately

Here are the components of trading journal

1/12
1. Trade-specific details

The entry, SL, exit price/time,
Traded instrument,
Trade direction,
The result of the trade etc.

2/12
2. Analysis

logic behind the entry, SL and target levels.
Potential reasons for why trade might not work
Review of the same after trade completed.
Notes on scope of improvements etc.

3/12
Read 12 tweets

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