Trade 10

Hello Everyone

ICICI Bank

30 July 2020

Below is my breakout trade for today.

Strong support at 354.84, when it breakout enter the trade with confirmation.

Trade 9: Breakout

Hello Everyone

21 July 2020

Today my trade was on Larsen and Toubro stock. It gave me 5 points of profit. I came across this chart in the market hour because of this stock shares my portfolio. In the last trading session, 932 was a resistance where supply came. So as soon as this resistance was broken in a 5-minute chart I took entry in the trade. Later on, in this stock 932 became support. This support will act very crucial in my next trading session. 932 to 940 is crucial range in the next trading session. 

Trade 8: Trend of the day

Hello Everyone,

Below is the chart of NTPC on the date of 20th July 2020. I have always believed in trading the trend on the 20MA line. This chart is of 5-minute candlestick.

Book notes: Secret of Pivot boss by Franklin Ochoa , Chapter 5

Today we will have a brief discussion about CPR. My reference is from the book of Mr. Franklin Ochoa.

In engineering words, CPR is the center of gravity of the last trading session and its mass is directly proportional to its width. Below Fig 1 represent the calculation of CPR lines. 

TC, Pivot and BC constitues a CPR.

Tip 3: Price action trading

I have started learning the concept of price action trading. I have been very fascinated by this concept. thanks to all the videos available on youtube. Especially pivot call youtube channel. For live update join me on Telegram .

Trade 7: Trend of the day

My objective is now to first show all the trend trades. I am going to try to show every day a trend trade, which can help you to grow your money with less risk. To get instant updates on live trending trades during the market hour subscribe to me on Telegram .

Trade 7

Hello everyone

Date:14th July 2020

Today I took the trade on ICICI sell call. I was able to take this decision as it was following this pattern from the last 2 days. 

Book notes: Secret of Pivot boss by Franklin Ochoa , Chapter 2

In this article, we will understand the formation of the candles which helps us to understand "start of reversal pattern".

Tip 2

I have always tried to find answers for traders who are interested in earning in stock trading. My way of earning is simple, read as many books as you can, and use those strategies in daily trading. This is one strategy shared in the book "How to make money in intraday trading by Ashwani Gujral" Its the concept of CPR. 

I have also taken the help of video shared by Gomathi Shankar on youtube. He has also given the CPR script which we can use in the Tradingview website.

My understanding of his concepts are, 

"if opening first three 5 minute candles are above R1 or below S1 it will immediately tend to reverse and get attracted to that day CPR"

"If opening first three 5 minute candles are between CPR-R1 it will try to break previous day high but fails and it will immediately tend to reverse and get attracted to the day CPR levels."

"If opening first three 5-minute candles are between CPR-S1 it will try to break previous day low but fails and it will immediately tend to reverse and get attracted to that day CPR levels."

My idea to understand the concept is to explore a lot of examples. This is what I am going to do in this blog. Now I am going to share some example which I feel support the above statements.