When I first discovered the CPR concept from Frank Ochoa and Mark Fisher — I was fascinated. Early backtesting showed impressive accuracy. But then I noticed something — sometimes it works like strong support/resistance, but simetimes price just pierces straight through CPR like it doesn't even exist. Why? It took deeper research and real market experience to find me the answer. The key is always the higher timeframe trend first. 📈 Market in uptrend (higher timeframe)→ CPR is more likely to act as support and give bounces 📉 Market in downtrend (higher timeframe) → CPR is more likely to act as resistance And also when both Nifty and Bank Nifty are at CPR support or resistance simultaneously and also at some important levels on daily chart — the probability increases significantly. Confluence is everything. Yesterday's example — 6th May, Nifty ✅ Daily timeframe — clear uptrend ✅ Nifty near CPR support ✅ Nifty at 20 EMA support on daily chart ✅ Bank Nifty near its CPR support also coinciding with PDC (Previous Day Close) That is not just support. This is power of conflunce. That is a high probability long setup. And look at what happened — massive move up in both Nifty and Bank Nifty. 💡 The lesson: CPR alone is not enough. CPR + Higher Timeframe Trend + Confluence = High Probability Trade. Never trade CPR in isolation. This exact concept is explained in detail in my book "A Traders HandBook" (Page 85) https://t.co/XFZbRJUFlR

Share










Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.