Learning to catch High Probability Breakouts

[amitrandive]

A gem from Anil_s_trivedi's thread

http://www.traderji.com/technical-analysis/69380-charts-day-115.html#post966091

Lesson:

A classic example of higher timeframe trend assertion. What it means..??
It simply means, higher timeframe shows it hands as and when it needed most.
As of today morning we are in daily - down, Weekly - sideways, Monthly - Up

But, the break of 6740 made daily UP, and weekly also seems to be closing above 6780 or so levels.( Hope so it holds till EOD).
So monthly - UP has asserted it pressure when it needed most, near to weekly support zone of 6640-50 levels, avoiding it to breakdown there.

It has been an observation, during any major event, these higher timeframe acts always comes in between., and how can i forget our friend turned enemy ' Volatility' making life miserable of day traders and swing traders.

Trade strictly with levels and stoplosses, a request from a trader/investor who already burned it hands when trying to outsmart market during such market events...

Trade light, we dont want to be millionaire in this event. But left something to face another day...here in the game called 'Market'...

 

[Bewinner]

really nice thread

 

[masterstroke]

amitji .. i tried to pm u but seems that my pm capacity is over... i dont know how to pm u..

 

[amitrandive]

amitji .. i tried to pm u but seems that my pm capacity is over... i dont know how to pm u..

please delete , extra messages in your box,max only 50 messages are allowed

 

[amitrandive]

Mcdowell trapped everybody on 11th April 2014...traded on dot final breakdown level...one more information...check call option strike prices on 11th April 2014 it was traded on Plus...(Future down Call was up)....

Pure manipulation (insider trading)....Till this month end insiders will never allow to fall...

Maximum my level is 3087 / 3159...if it goes there i will definitely go short higher calls...

Or on reversal first breakdown point sure we can initiate short....when it arise,i will post the chart...in advance...

Rish

I have posted Futures and Call options prices for McDowells on 10th and 11th Apirl.

You are absolutely right.!!!
:clapping::clapping::clapping:
The futures value has closed down , but all the call prices have appreciated.There was really something fishy here in McDowells Stock.Prime candidate for shorting.

11th April Call Prices.

@Rish

Terrific analysis of McDowell !!Attached daily chart of McDowell as on EOD 16th May 2014.
:clapping::clapping::clapping:

 

[amitrandive]

NIFTY SPOT DAILY CHART

Daily Chart of Spot Nifty on EOD 16th May 2014, shows a long legged bearish candle.Need to market to digest the poll results and let it stabilize before entering new longs.

 

[chintan786]

Awsome Thread Amit. Keep it up the good work.

 

[amitrandive]

IT and Pharma sector looks good for shorting , will post a few charts on these.

 

[amitrandive]

Watchlist

Arvind-I

Long

 

[amitrandive]

Watchlist

BharatiArtl-I

Long