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The Chartians

@chartians

Jun 15

"Chart your success Trading Course by @chartians

Chapter 1 : Dow Theory 📈📊

1️⃣ History of Dow Theory

- Origin: Charles Dow, co-founder of the Wall Street Journal and Dow Jones & Company, formulated Dow Theory in the late 19th century.

- Development: Dow's theory was based on his editorials in the Wall Street Journal where he analyzed the behavior of the stock market.

- Significance: This theory is the cornerstone of technical analysis, providing a systematic approach to understanding market trends and behaviors. It laid the groundwork for many other technical analysis theories.

2️⃣ Basic Principles of Dow Theory

- Market Discounts Everything: All available information, including news, earnings reports, and even future expectations, is already reflected in stock prices. Therefore, analyzing price movements alone can provide insights into market behavior.

- Three Trends:
- Primary Trends: Major movements lasting from months to years. They represent the overarching direction of the market.
- Secondary Trends: Intermediate corrections or reactions against the primary trend, lasting from weeks to a few months. They are often seen as pullbacks in an uptrend or rallies in a downtrend.
- Minor Trends: Short-term fluctuations lasting from days to a few weeks, often seen as noise within the larger trends.

- Trends Have Three Phases:
- Accumulation Phase: Informed investors start buying or selling stock against the prevailing trend.
- Public Participation Phase: The broader market catches on, and price movements become more pronounced.
- Distribution Phase: Informed investors begin to sell off their holdings to the less informed public, typically marking the end of the trend.

- Confirmation and Volume: A trend must be confirmed by price movements across major market indices and should be supported by trading volume.

- Trends Continue Until a Clear Reversal: Market trends are expected to persist until definitive signals indicate a reversal, even amidst temporary fluctuations.

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The Chartians

@chartians

Apr 21

8 BULLISH BREAKOUTS FOR COMING DAYS 📈⭐️

1. #Trent 4158

1/8

For trades : telegram.me/chartians

2. #Prestige 1231

2/8

3. #Natcopharma 999

3/8

Read 9 tweets

The Chartians

@chartians

Feb 7

Google sheets is used by almost 99% people in the world 🌎

Most people don’t know how to use it for TRADING and INVESTING purposes 📖

10 features everyone should know :

How you can use some secret features of Google Sheet and Google Finance in your trading together?

5 things that a trader should know and implement:

GOOGLEFINANCE(ticker, [attribute], [start_date], [end_date|num_days], [interval])

Above function is a basic one.

Let's decode each parameter in this:
1. Ticker: This is the symbol of the stock.

"NSE: RELIANCE" is the ticker for Reliance Industries

Read 13 tweets

The Chartians

@chartians

Feb 3

99% of traders rely on some kind of indicator to back their conviction.

It's not bad to use indicators. However, before applying them, a trader should understand how these indicators are derived or calculated.

Here are 10 widely used indicators by traders and institutions: 👇🏼👇🏼

This thread is in collaboration
@OmkarBanne

He is a fellow trader and all credits to this thread goes to him.

1. Moving Averages

- Calculates the average price of a stock over a specified period of time & helps traders identify trends and support/resistance levels

- Most commonly used MAs are 10, 21, 50, 100, 200

Read 22 tweets

The Chartians

@chartians

Jan 31

13 Stock Chart Patterns that You should know 📈💹

A thread 🔗💬

On a very basic level, stock chart patterns are a way of viewing a series of price actions that occur during a stock trading period. It can be over any time frame – monthly, weekly, daily, and intra-day.

If you can learn to recognize these patterns early, they will help you to gain a real competitive advantage in the markets. Just as technical indicators can help your technical analysis trading, stock chart patterns can contribute to identifying trend reversals and continuations.

Read 17 tweets

The Chartians

@chartians

Jan 27

#Darvas Box is used by 99.99% of stock traders in the world.

It is the simplest strategy of buy and hold.

But most people still don't know how to use it.

Here are 10 basics everyone should know:

Darvas Box is named after Nicolas Darvas, a dancer, and self-taught investor.

He discovered "Box Theory" after gaining experience from the market and he believed that the shares which move up and down the chart move in a specific box pattern.

There are some conditions of using Darvas Box and we will discuss only the buy strategy:

⚡️ Stock should be trading near all-time high levels
⚡️ Fundamentals of the company should be good
⚡️ Volumes play a crucial role

Prefer to use it daily time frame and above.

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