Last two days were full of learning. Can't thank speakers enough for sharing their years of knowledge and experience candidly in #DECMA2021 .

There were many many takeaways. Thread mentioning some of them:
@bluechips4u
Blend of reversal patterns and momentum indicator. Take reference from higher timeframe and plan trades on lower timeframe. Stick to a single timeframe for entry and exit.
@piyushchaudhry
Impulse will generally have a follow-through. Momentum strategies are workable if there is an evidence of dynamic impulse in place. Treating shallow retracements. Importance of Trend lines, channel lines, triangle breakouts.
@gautam_icma
Using an indicator to define a market phase: Trending or Trading (Range). Understanding the behaviour of an indicator is important, don’t be so rigid with parameter and numbers. Bahot bada hai bazar, ek number se mat toliye!
@tradingwithdyr
Combination of momentum and mean reversion by tweaking parameters and position sizing. Stocks are mean reverting in short-term and trending in medium-term. Low volatile & high momentum combo and ranking based on momentum indicator.
@vishalk1583
Dividing Heikin-ashi candles in three types, and how to treat them. Pullback trading pattern in strong stocks. Entry, exit, stock selection everything made objective using Heikin-ashi charts.
@rohanmehta_99
Process-oriented trading. Position sizing, risk management everything can b rule based. Don’t look fr consensus. Multi-yr breakout & importance of long-term averages. Allocation is v imp. Wide stops can reduce whipsaws. Love for process, detachment & trading buddy
@SOVITCMT
Price components: Cyclical, seasonality & Noise. Build strategies keeping these things in mind. Use cyclical for range, remove noise for trending etc. Trading Multiple strategies can reduce drawdown & improve your CAR to Max DD ratio. Mantra: “This too shall pass”.
@AshDevanampriya
Momentum and base candles. Quality of supply and demand are important support resistances. Double cheating and trap patterns in price action trading. Amazing presentations skills.
@nsfidai
Trading pattern failures. Brilliant explanation. Finding affordable trades when you spot a failure. That also talks about importance of follow-through if you are a pattern breakout trader.
@saketreddy
Quality business, Cashflows, Low volatile stocks, Relative strength and noiseless charts. Finding Alpha in low volatile stock. Seeking objective method of exits. A nice method of Funda-techno approach.
@mysticfuture
Knowing your approach. Mindset required for momentum investing. Importance of Trading journal. Strategy components: Momentum, Breadth & Sentiments, Swing levels, Long-term average, Multi-year consolidation breakout.
@galrani
Totally system-based trader with amazing sense of humour. System based on Net returns (Return minus volatility). Trade non-corelated multiple systems. Take ideas from others but create your own systems. It should suit your personality and work schedule.
@bbrijesh
Swing patterns made objective on Kagi chart. Kagi is blend of P&F and Line break. He nicely balances reversal patterns and an objective SAR method. Treating them separately is a key.
@Techtrail
All possibilities of price swing patterns on any given chart are shown in a table. Strategy based on the multi-timeframe swing patterns. Innovative way of looking at price patterns.
@ap_pune @rajran06
Objective strategy to buy options. Using important properties of a charting method to design Option trading strategy. Bulati hai magar jane ka nahi. Trend chahiye to whipsaw lena padega! Social service! Station pe utarna nahi tha log utaar dete hai 😃
All of them talked about importance of process, system, risk management, position sizing and many other things about practical aspects of trading and investment. Enjoyed discussing with them about different aspects of subject & trading or investment. Memorable conference for me.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Prashant Shah

Prashant Shah Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Prashantshah267

22 Mar
Whether trading or Investing, there is a cost you need to bear to follow a strategy.

See point A. Everything was bullish at that point. A trend follower would be bullish at that occasion. It was followed by a strong reversal.
Was it possible to exit before the reversal? Yes, but there will be a cost for it.

If you think there were some indications and signals before reversal - check points B, C, D, E. There were similar signals and many indications there also. Price continued to go up.
Bottom line = there is a cost that you need to bear to ride that trend. You will have to ignore the indication of reversals and accept that there will be a sudden reversal and you will have to give back some profits.
Read 7 tweets
29 Jan
Thread: Trade Plan - My thoughts and experience.

You must have heard “Plan your trade and trade your plan”.

#tradeplan #trading #investing #definedge
Many experienced traders, authors and analysts keep saying trade as per your plan.

You must write your plan of taking trades and focus on the execution. But you will not see many people really doing that - even many experienced traders.

Possible reasons:
1. Lack of awareness – What’s Trading plan?
2. Do not know how to do that or need guidance.
3. We keep learning new things, making it difficult to stick to a plan.
4. Like to rely on other’s studies and recommendations, no need of plan.
5. Trading is art, not science.
Read 17 tweets
2 Jan
Thread: P&F Super Pattern

An effective price pattern defined using properties of P&F charts.

#Superpattern #Pointandfigure #Definedge
Point & Figure is an oldest charting method where price is plotted vertically, and the chart moves only when price moves. It is a different way of looking at the price, the objective box-value and reversal value offers advantage of identifying objective price patterns.
When price is moving up, it is plotted in a column of 'X'. When it is going down, it is plotted in a column of ‘O’. Normally, three-box reversal criteria is used to define the trend & reversal. Unlike a bar or candle, the P&F column can have multiple sessions in it.
Read 15 tweets
5 Dec 20
Thread: Parabolic SAR Indicator

Parabolic SAR (PSAR) indicator was developed by J. Welles Wilder.

#PSAR #Indicators #Definedge
The calculation of this indicator is a bit complex, but the concept is extremely useful. I will try to simplify it and explain the logic. I will briefly explain the concept, calculation and reading.

Let us think about creating an indicator that shows the trend.
Using the indicator, we can identify & ride the trend using the trailing stop-loss method.

For trailing the stop in uptrend, indicator needs to be placed below the candle. Similarly, it should be placed above the candle for trailing in a downtrend. We will plot it using ‘dots’.
Read 19 tweets
23 Sep 20
Keltner Channel - Thread

#Keltner #Indicators #Definedge Image
Chester W. Keltner (1909-1998) was a Chicago grain trader. He worked with successful traders who back-tested trading systems. He talked about Ten-Day Moving average trading rule in his book 'How to Make Money in Commodities' in 1960.
He did not claim that he invented the strategy so origin of this idea is uncertain. But people started referring it as Keltner channel after the book.

There are two versions of Keltner channel. First is explained by Keltner in his book, and the other one is a modified version.
Read 23 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!