Share this page!

Chhirag Kedia Profile picture
Twitter logo
Nov 21 • 4 tweets • 2 min read
#SA_Notes for 21-11-2022

- Market is bear grip - both in long and short term.

- Volume still staying around 0.45, not suggesting any extreme. There is a high chance to see a continuation of the current situation for some more time.

- Bull swing is not yet around the (1/n)
corner. Don't be in hurry to label any green day a start of a bull swing. Whenever market will stretch in shorter term time frame, it will give a green day or a strong opening, only to be sold off later. Beware of bull traps.

Such actions further tighten the bear grip. (2/n)
- US had a gap up start on Friday only to be cool off later. It lacks FOMO and FOMO is the life blood of any uptrend. When a beaten down market first comes into bull run, it sustains the advances rather than giving it up.

- Preferable strategy to trade in this market is (3/n)
the stocks which are moving in their own cycle rather than the ones which are market dependent. Be selective while trading #momentumburst as it is a market dependent strategy.

Even if you have to trade MB, trade only on those stocks which are moving in their own cycle. (4/4)

• • •

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

Keep Current with Chhirag Kedia

Chhirag Kedia 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 @swing_ka_sultan

Chhirag Kedia Profile picture
Nov 21
Srikanth, market doesn't work in that way. What we are seeing on the name of 52 week high etc is just an effect, an indicator of demand.

Question is what generates demand? Think on it - why you buy a stock? You buy it because you believe stock will go up. Hence behind your (1/n)
action is your belief, your conviction which is the cause behind creating demand. Now think, where this conviction comes from?

For you, it might comes from technical aspects but for institutions, who makes these charts, the reason to buy or hold a stock is only value. (2/n)
If the stock offers value, whether in terms of price comparative to current assets (like P/BV or P/E) or future value (Growth).

As a technical analyst, you are reading the actions of these institutional players and indirectly acting on the value only.

So trend is (3/n)
Read 9 tweets
Chhirag Kedia Profile picture
Nov 21
यदि हमारे शास्त्रों में कोई सबसे दिव्य ज्ञान दिया गया है तो वो है 'अहम् ब्रह्मास्मि'! तुम में स्वयं ब्रह्म होने की क्षमता है, किंतु ब्रह्म होने की अनिवार्य शर्त एक ही है - आस्था की समाप्ति।

मुझे नहीं मालूम नास्तिकता इतनी अप्रिय क्यों है, क्यों इतनी नकारात्मक मानी जाती है। (1/n)
जनतंत्र की भांति शायद यह इतना आधुनिक विचार है जिसके लिए मनुष्यता अभी तैयार नहीं है, उसे संभालने में सक्षम नहीं है। आस्तिकता आस्था से निकलती है, आस्था में प्रश्न की संभावना नहीं, केवल समर्पण की है। यहां केवल भक्त और भगवान का संबंध संभव है।

नास्तिकता प्रश्न का अधिकार देती (2/n)
है। यहां भक्त भी कोई नहीं है और भगवान भी कोई नहीं है। यहां संबंध बराबरी का है। यह तुम्हारे ब्रह्म बनने का प्रथम सोपान है।

किंतु यदि आस्तिक बनना ही है तो नरेंद्र की तरह प्रश्न करो, और जब रामकृष्ण परमहंस मिल जाएं तो स्वयं को समर्पित करके विवेकानंद बन जाओ। (3/3)
Read 4 tweets
Chhirag Kedia Profile picture
Nov 20
Hi Srikanth, you asked a very good and valid question. And I will love to revert on it.

First thing is, you need to understand that TA & a trading system are two different things. TA doesn't makes money, your system does.

TA just tells you that there are higher odds of (1/n)
something happening over another thing.

If you read the bible of TA - John J. Murphy's Technical Analysis of the Financial Market, you won't be able to make money from it, as it might tell you about all sort of studies that can tell about having higher odds of one outcome (2/n)
over another but there is much more left to be addressed to make it an implementable trading strategy.

This is the difference between a setup and strategy, which we often use interchangeably, but they are two different things. Setup is part of strategy. For example, the (3/n)
Read 13 tweets
Chhirag Kedia Profile picture
Nov 19
Much thanks bro. TBH, I want to change the complete way how technical analysis is done & taught in programs like CMT - I want to make it a study of the psychology of market participants rather than keeping it limited to drawing lines and spotting patterns and hoping them to (1/n)
work.

It makes me really disappointed when people approach me and ask whether it is a right setup. Is it a right CNH? Is it a right VCP?

They are living in illusion where they forgot the cause, and are thinking that effects they seeing is everything.

This SHOULD change. (2/n)
But this is a herculean task, not easy for a low profile person like me. Because people don't want real knowledge which works, they want well presented knowledge which is as easy as drawing lines.

But there is a cost of simplification. WON did all research, simplified it (3/n)
Read 4 tweets
Chhirag Kedia Profile picture
Nov 19
Color of a small size candle (size is high - low) doesn't matter much - whether red or green. With big volume it can be interpreted in 2 ways -

1) Inter institutional transaction - one major shareholder sold, and other one bought it from him. As we are not seeing any (1/n)
price movement, it means no share came into public to be absorbed.

Problem arises when institution sells and public is supposed to absorb the supply.

For example this is Dixon on 25th July, 2019, almost a month before the huge move triggered. (2/n) Image
2) Distribution - This is a concept of Richard Wyckoff's VSA. If the price is in a pro-long trend and suddenly you start seeing price becoming reluctant to go up but volume is increasing, and it happens consistently for several candles, it represents distribution. (3/n)
Read 6 tweets
Chhirag Kedia Profile picture
Sep 21
Hi Nishant, I wrote a detailed thread on why I think it can fail. While any setup can fail, but obviously some are more failure prone and some are less.

We were taught to measure base in 2 ways - depth and duration. These are the key factors which differentiates a (1/n)
flat base kind of setup from larger bases like CNH and W Bottom, VCP as pattern etc.

According to WON, a base can qualify for a flat base if it is 4 week long and upto 15% deep. But WON himself says that Flat Bases are weak bases - they work better when they emerge as a (2/n)
base on base kind of thing.

Why Flat Bases are weak - think upon it. The answer lies in the Wyckoff's Law of Cause and Effect. Larger the cause, bigger the effect it will produce.

When I started reading WON's book - something which attracted my attention was - the book (3/n)
Read 15 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 on Twitter!

Send Email!

:(