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Multiple Time Frame Analysis

Stock Selection Based on ATH/52 Week Stock and Relative strengthHello community Here I will be talking about the process for picking up the stocks based upon the All Time High (ATH)/52 Week BO Stock and RSI . As this is known to everyone but only few are getting benefited by applying it in real trading. The stock represents strength if it breaks its ATH Level and comes from Weekly BO Base. Most of the gains are made with the stocks breaking its ATH and Coming from Weekly Base BO and once it is combined with the RSI and Price Volume this can do wonders and improve trading style.  In my earlier write up i also talked about the use of RSI with Screener from Tradingview only. Since i used this as my repository so save all my write up here only and can be viewed.(Stock Selection Based on Relative StrengthEDUCATION) Screener for Stock Selection in Trading View:- - Go to Stock Screener Tab at bottom in the Tradingview. - Go to Filters - Symbol Type - Common Stock - Select New 52 Week High- - Select New All Time High - Select Relative Strength Index (14) >=75 The above will filter out stocks based on ATH and 52 Week High stocks and RSI. You can add more filters according to your requirements and make your stock list more refine and Make a list and look for opportunities. I use the above filter to filter out stocks every weekend and mix it with Price and Volume to get Maximum Benefit.  As I am a Price Action trader I mix Price/Volume,Trend and ride the momentum. You can try it and submit your feedback to me. Also, Tell me if you find something else which can be useful to the community. Together we can help each other in Learning and excel in our profession. Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get the best result, always wait for confirmation. Focus on Risk Management and Position sizing. Treat trading like a business and it will pay you like a business…..!! Hope this post is helpful to community Thanks RastogiG Disclaimer and Risk Warning. I am not a Sebi registered analyst. The analysis and discussion provided on in.tradingview.com intended for educational purposes only and should not berelied upon for trading decisions. RastogiG is not an investment adviser andthe information provided here should not be taken as professional investmentadvice. Before buying or selling any investments, securities, or preciousmetals, it is recommended that you conduct your own due diligence. RastogiGdoes not share in your profits and will not take responsibility for any lossesyou may incur. So Please Consult your financial advisor before trading or investing.
Editors' picks
NSE:SIGACHIEducation
by RastogiG
15
Trading journal 🥲 20 trades posted for you guys 4 of them got SL❌ hit without reaching TP 1✅. That's not the end of my trading 😅 ,no one is 100% accurate in any field. 80% win rate is satisfied for me to be a profitable trader as we can see some of them never touched SL and still keeps growing which is also a very good thing about this journey. Always trust your plans 👍 , Psychology tip:-Don't let FOMO interact your mind or trading plan. Sl tp entry always remain same..never change them once u have set. Just forget after getting into the trade..either hit tp or sl.. don't bring sl to more down and increase your losses or tp to more up to increase your risk of hitting it.
Education
by Akshay_Gour
SMC 2 trades 7.5 RR and 3.75 RR1 trade buy : I was looking for an order block on the 1 hour timeframe, I found a buy position, I waited for choch or bos to do it, then I entered the trade, it happened as expected, then I waited for an order block in the demand itself on the 1 minute timeframe as seen in the picture. 2 trade sell: In basically the same principle, I found an order block on a 1-hour timeframe, I waited for bos or choch to do it, when the price returned to the demand, I looked for an order block on a 1-minute timeframe and entered the trade.
Education
by ElonMusk555
1
How To Read Neowave Charts by Neowave ForecastHello Traders and Investors My Name is Manish Singh and i am an expert in Neowave. In this chart i have describe the coding method to read my charts. In Neowave Charts Degree labels used as intermediate, primary and cycle degree which is hard to understand by new user. Actually they understand 1 to 5 labels but they dont get the quiet idea in one look in which trend is this count is given. Thats why i came up with something simpler. So i am publishing this in the hope they everyone new trader easily understand the chart that it is in corection or in motive wave and for what time frame. As they follow my charts, than with time they will understand which degree takes how much amount of time approximately to complete its structure and it surely does in learning the neowave. Anyway friend kindly tell how you like the idea of this kind of coding. I am also puting some examples of chart here. 1) This is the chart of nifty in which long term wave is in correction and you can judge with the help of medium wave degree that where is long term wave correction can end or actually new trend is going to start now or it become a failure. you can judge the chart pattern with is also as you can see this is an flat structure. 2) This is another chart of USD/JPY In this chart i have used the old style of coding so that you can compare which one is easier to understand trend. As you can clearly understand with the help of count that it is going up but you were unable to catch that in which degree it is up or how long it will sustain there. Is there much bigger degree from the current one i am seeing.
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NSE:IDEAEducation
by Neowave-forecast
12
Dow @ critical levels.FOR EDUCATIONAL PURPOSE ONLY! This is a daily chart of Dow . It has taken a support exactly at its daily support trendline (blue). From last several months, Dow has been trading in a range on weekly charts which can be seen in pink lines. On weekly charts Dow has made a flag and pole pattern and either it takes support at this level or may give break down. If it gives break down then it will be a bad signal for entire markets around the world. Break down on a weekly chart means begining of a down trend in Dow and eventually markets around the world would break down. 33682 is a very import support for Dow and if it starts to trade below that, keep a very strick SL of your portfolio on Daily charts .
DJ:DJIEducation
by AbNamjoshi
RSI Divergence + Demand Zone + Volume SpikeTo identify any divergence, first of all look at the current structure that the price is forming like the above case, Price is consolidating at the same place and when we look at RSI it is forming up Higher highs and Higher lows. Therefore RSI contradicts the price and this tells us that RSI doesn't support what the price is doing & is not inline with the price, so it's a bullish RSI Divergence. Also, if we look at the stock in higher time frame then the consolidation was happening at the key support level, which was another sign that the price was getting ready for breakout. Breakout with the volume is the sign to go long on the trade keeping SL below the consolidation line. This is an example of Bullish RSI divergence. Now for spotting Bearish RSI divergence the price must be forming higher highs or distributing at the same place whereas the RSI will be forming Lower highs which is an early signal that price is going against the RSI and hence we should short. That's how RSI divergence works, hope I made it simple! Enjoy Trading...
AEducation
by Vinay227
Nifty View for November 02-07, 2020 week Note>> 11990 to 12245 is supply zone , three attempt have been made last two week to break it. Above this there is no supply zone so if broken can move to all time high. Overall Nifty is not bearish , Its sideways , If Reliance shows strong upside movement then it can break the supply zone. Sell 11714 SL 20 points Sell 11884 SL 20 points Sell 11830 SL 20 points Sell 11990 SL 20 points if Nifty drops then buy at following levels Buy at 11410 , SL 40 points Buy at 11600 , SL 20 points CMP 11642 Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. Consult your Financial Advisor Before Investing. NSE:NIFTY
NSE:NIFTYEducation
by praveen.gupta
3
How to trade the magical trend lines ?From new traders to experienced traders, the most under valued technical tool is trend line. Since everybody thinks its easy to draw the trend line, they dont give much attention to it. I have connected A & B to draw the trend line 2 weeks before. When I analysed for this week's move, I just extended the same trend line and it is marked as dotted yellow line. Price tested the trend line at C, and D. So how this trend line became magical ? The support drawn in blue dotted line & the yellow dotted line is broken at E. The confluence zone at E made the trend line as magical and the fall became non stop. It is very useful in multi time frame analysis too. Simple analysis holds the power. Simple analysis makes the trading execution easy. Check yourself and see whether you are drawing trend lines or magical trend lines.
NSE:NIFTYU2020Education
by vanathi
5