When I started learning technical analysis, took me six months before I could draw trendlines correctly so that I could trust and trade on them.
RSI ?Divergences ? another six months😃
The way I use MFI ? 2 years 😃

Any TA tool like metastock, amibroker or tradingview has hundreds of indicators. Try mastering one at a time, you will master max 2-4 in the next few years
Let's say there is a very good swordsman. He has a very good sharp sword, perfectly balanced.

He gives you that sword, will you be able to fight as good as the swordsman ?
The reason I am saying these things is that I am seeing a lot of starting TAs thinking that just by looking at an indicator, reading materials etc they can master and trade immediately. Nothing can be further from the truth.
You have to spend months if not years looking at hundreds of charts, make mistakes and learn from them and go through the pain.
There is no #shortcut
I understand when I show the charts with MFI it looks very easy. It has taken me years to reach here and explain it where it looks "easy".

I attempt to show you the way, but you have to walk the path
A student of mine once said this well :
" In a gym an instructor will show us what to do, but the work/lifting we have to do ourselves every day for months. "
So if you want to succeed in technical trading, be ready to spend months and years.
Earning money is not easy, and I repeat " there is no #shortcut"

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More from @SubhadipNandy16

30 Jul
30th July ranges :

Nifty fut : 15952/15618
Balance = 15785

BankNifty fut : 35015/34425
Balance = 34720
Received quite a few questions on how to use these levels, so here are some basic rules

1. 85% of the days, the markets will remain within these levels
2. When there is a breakout/breakdown of any one side, expect a fast large move that day
3. Bullish above the Balance, bearish below it
4. If we are bearish, one can sell CALLs above the upper level and vice versa
5. If bearish, look for sells from your other indicators to buy options and vice versa
6. Expect strong resistance/support at the upper/lower levels
Read 5 tweets
29 Jul
Markets are dynamic, so your analysis should also be dynamic ( change as new data comes in)

BNF now
see the MFI attempting upside breakout before price. So now if price breaks out , that will be a confirmation
I am ready now for an upside spike
Read 10 tweets
24 Jul
A short thread on #MFI

The basics here :

school.stockcharts.com/doku.php?id=te…
Technical analysis says two things :
1. Momentum precedes price
2. Volumes precedes price

So, if an indicator includes momentum and volume analysis, it will be a leading indicator to some extent. This is the crux why I am so much confident on MFI
The indicator can be used for swing as well as day-trading. I use a period of 10 as I have seen that being our responsive to our markets here
Read 10 tweets
20 Jul
I had this theory that if #Bitcoin went below $30k , this time it probably won't go up again. Let's see
1. I had earlier posted a distribution analysis for bitcoin
2. Traders have been primed by the price action of the past few months where it goes below $30k on weekends and then bounces back. This dip should see heavy accumulation from retail and thus a perfect distribution point
If this is not distribution, I don't know what is. If I were trading this, would have shorted below $29k with a stop at $31k and then progressively trailed stops
Read 8 tweets
20 Jul
BNF
NF
One can have any view looking at anything. Question is, do you trade your view ?
Read 9 tweets
20 Jul
Spread initiated at 2.60, now at 6. A loss of 3.40 per lot. Waiting with the spread, no adjustments as of now
#hcltech
Loss as of now is approx Rs.2300 per lot
If this loss crosses 10k, will sqoff the position and book losses. Else will wait.
Read 4 tweets

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