kulturdeskenAI HL Profile picture
May 2, 2022 8 tweets 3 min read Read on X
#Breadth is an efficient way of knowing when to be aggressive, and when to stay out of the markets.

A thread with some different tools you can use

Most of the breadth indicators will tell the same story.
1/x
1. Stockbee breadth market monitor: docs.google.com/spreadsheets/d…

Study this a few minutes every day, and you'll build a great feedback loop.

Take note of when changes in breadth occur and what happens w stocks/indexes.

Watch what happens w. ≈1000 up.

2/x
3. Net new highs/lows for the index you want to trade. When you have a change in breadth and/or more lows than highs it is often time to start going to cash.

Take note that NYSE this year have been working better than Nasdaq while breadth was better on NYSE.

3/x Image
4. % of Stocks above 40 MA
T2108 in TC2000.
Take note of what happens around 20 area.

4/x Image
5. McClellan Oscillator, in TC2000 called "T2106".
This can be added to Tradingview as well. You can use this as an oversold/overbought indicator which you can then confirm with price action in stocks of interest.

5/x Image
6. McClellan Summation Index T2118.
Can be interpreted as bullish or bearish when it crosses over the zero line. And a crossovers on a 10- or 20-day moving average of this indicator is great for a trend following system - will get you in most trends without much whipsaw. 6/x Image
The arrows show the last times two times we had >1000 stocks up over 4% in a day. You'll find the same will be true each time we have a turn in the market.

Use this together w market knowledge. Moves in 3-5 days at a time in one direction + possible pivot points. Image
7. 20 day MA of an index can be an effective way to know when to be in or out of the market. When price closes under 20 day MA of an index it can be a signal to go to cash/manage risk. Breakouts normally don't work as well when price is below 20 day MA.

• • •

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

Keep Current with kulturdeskenAI HL

kulturdeskenAI HL 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 @kulturdesken

Jan 14, 2023
#Livermore #pivotal_point
I use 5-10% above previous low.

I do prefer undercut of previous low for a Wyckoff spring style bounce but we will not always get that.

I believe this is one of the absolute best setups from a RR perspective.

#smartmoneymethod Image
Here we have a very nice transition reversal bar, and we have price rejection at same level before pop with volume.

There have been hundreds of these setups the last 2 months.
Another example Image
Read 5 tweets
Dec 10, 2022
@lusse03 det varierar men om det går så är "impulse bar" väldigt bra. basen för traden är en nästan key reversal

är en helhet i denna trade. PA ska bete sig rätt; vara clean/linjär, hålla nivåer, volym ska komma in på rätt ställen, och det ska finnas en FA catalyst som går att värdera.
@lusse03 här ser du ungefär var jag la stop loss. köp 2 gav jag mer spelrum (men det behövdes inte). köpte när jag såg att köptflödet vände i time and sales
@lusse03 tålamod är nyckeln i denna trade då jag måste vänta på att priset kommer ner tillbaks till en köpppunkt.

kunskap om nivåer krävs och kunskap behövs för att ha tro på traden och veta att den har sannolikhet att ha bra RR över tid.
Read 4 tweets
Dec 9, 2022
bought $AMAM at reversal around 1.14 spot
circuit
sold for the moment. quick 45% gain in 10 minutes
rebought at 1.51 and sold again.
Read 7 tweets
Mar 12, 2022
@_onepercenter_ @lejooon Google is your friend
@_onepercenter_ @lejooon Sök på Broadening range trading
@_onepercenter_ @lejooon Lägg till the strat - klicka video eller bilder = förklaring
Read 4 tweets
Mar 11, 2022
Error correct faster!
But first make your requirements less dumb.
Delete parts and processes.
Read 6 tweets
Mar 10, 2022
4% bullish scanner in #tradingview. Filter criteria and column settings.

There is no filter for volume higher than yesterday, but you can use relative volume above X depending on amount of stocks that show up in screener.

Adjust volume*price for around 10x your account size.
Gets you a pretty good selection in Nordic markets already
Choose "Volatility Month" instead to get a better reading.
Read 4 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

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

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(