Excellent retesting candidates after strong breakouts
Filtered based on Price, volume and momentum

Retests allows a retail trader to buy the stock cheapest after the trend is set.
one of the most powerful set up in classical technical analysis

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Aneesh Philomina Antony

@ProdigalTrader

17 Apr

In my early trading days, i used to feel tremendous pressure when i see big MTM screenshots from others. And also used to feel happiness if they posts their negative MTM screens.
It took me many months to concentrate on my trading process and avoid all the noises around

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The turning poont in adressing the issue was when i identified this as a bad habit. I knew i had to overcome this if i have to progress as a trader. I disnt know where to start or what to do. But one thing i did right was i understood i lacked somewhere in my own trading.

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I started writing down all the tradi g decisons i take along with its outcomes. Repeated that over a month and reviewd it and noted the mistakes and understood my mistakes.
Quite surprisingly, there were only handful of mistakes. But tje problem was i was repeating them.

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Aneesh Philomina Antony

@ProdigalTrader

17 Jan

Suppose u r in a long trade in 5min TF,
How would u assess trend is still intact
and
u can scale into the trade to maximize the profitability ?

1.
HH HL formation and pin bar with good vol at vwap or just abv previous low. ADX greater than 25

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2.
Low volumes on counter trend move and price not closing below Vwap

3.
HH and HL formation on 5 min time frame. Volumes expanding when making HH and low volumes when in LL. Price above vwap

4.
SuperTrend 10,2, for scale in at ST retracement

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5.
a). Bullish PA when candle is at VWAP
b). Minimal Overhead resistance (Volume Profile can help) helps in making the stock to trend more easily
c). Can Scale in when Price retraces to VWAP during low volume period mid-afternoon and forms a Bullish candlestick

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Aneesh Philomina Antony

@ProdigalTrader

15 Jan

Why to avoid looking for trade everyday?
Why should u avoid following those who posts plenty of delivery trade set ups daily?

If u are an equity trader who looks to hold the stock for a short time such as fee weeks to few months,
u dont need to search for stocks everyday

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All u need is to filter the stocks on weekends and prepare levels
When it comes to ur level on any following day, u make an entry
Afterall how many stocks u r looking to hold in ur account?
8-12 mostly
Not more

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For that, if u r looking for scrips daily,
u tend to cut down the potetnial big winners early and
hope from one scrip to another endlessly
removing the chances of getting the big winners

If u create a theme based portfolio based on ichimoku/Elliott wave/gann etc

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Aneesh Philomina Antony

@ProdigalTrader

7 Jan

Habit of systematic day trader
focuses mainly in how does he prepare himself for the next day.

Lets see how does he do that

(method describes below isnt the last successful method available out there, its just one out of many)

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He needs answer to 4 questions basically in order to take a trader

WHAT - He prepares a watchlist for next day based on trend, both bullish & bearish

WHY - He will analyse the trend based on past data, find out major trend in HTF & chk if its aligned with other LTfs too

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WHERE - depends on if he a pullback trader
(who short on pullback rallies or long while weak corrections)
or a breakout trader
(who long abv or short below some particular event),
he prepares the levels to long/short based on the trend he analysed earlier.

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