Learning to catch High Probability Breakouts

[timepass]

is BOB looking good for accumulation around 150 ?

There was this announcement about FII limit.

 

[amitrandive]

How to trade like a Pro

http://www.tradeciety.com/how-to-trade-like-a-pro-position-sizing/

You will leave a lot of money on the table by not taking mediocre setups. But before you start taking trades that don’t match all your entry criteria, it’s mandatory to do your homework and test different kinds of setups, crunch numbers and analyze the outcome when you change the parameters of your trading strategy.

1. Write down all the entry criteria of each setup
2. Test the outcomes of trades when not all entry criteria are met (do yourself a favor and demo it)
3. If you take trades with a lower winrate, you have to increase your reward:risk. But, don’t just arbitrarily place your take profit orders further away. Test different strategies and analyze the effect on your performance
4. Establish a ‘maximum’ risk per trade level for the trade with the highest winrate>> Decrease your risk on trades with less quality and lower winrates
   
5. Don’t use this approach to prematurely jump into the markets or as an excuse to take random entries. This approach requires a lot of numbers-crunching, testing and tweaking.
6. Trading with a small winrate can be challenging on a trader’s psychology and mindset
7. Rather than seeing this concept as a challenge to take more trades, think about how to combine winrate, risk:reward ratio and the effects on account growth

 

[amitrandive]

is BOB looking good for accumulation around 150 ?

There was this announcement about FII limit.

TP

BOB looks weak on a Weekly Timeframe,if however you want to play it ,use strict stop loss after entering

Weekly Chart of BOB

 

[newuser_RK]

My breakout trading seems to work OK. On a day when market carckwd my bo stocks closed in green. I am long on niit, aahok lelyand and vakrange
Today I bought SKS, strides, kansai nerolac

 

[franz.kafka]

TP

BOB looks weak on a Weekly Timeframe,if however you want to play it ,use strict stop loss after entering

Weekly Chart of BOB

Hi,
How do you decide these zones of suppoet/resistance any specific technique?

 

[indianbank]

My breakout trading seems to work OK. On a day when market carckwd my bo stocks closed in green. I am long on niit, aahok lelyand and vakrange
Today I bought SKS, strides, kansai nerolac

Its nice to see you started trading Breakout system...

I liked Kansai nerolac... :thumb:... I added it to my list... Thanks.

 

[amitrandive]

Hi,
How do you decide these zones of suppoet/resistance any specific technique?

I usually mark these zones on a higher time frame.For a Weekly chart I mark on Monthly level, for a Daily Chart I mark on a Weekly level.

For Monthly and Weekly I use a rectangle instead of lines.
S/R zones become more significant when the price retests those levels.

Check some useful images

 

[amitrandive]

 

[mindgames]

Realtime 5 min charts available anywhere other than Google finance?

 

[amitrandive]

Realtime 5 min charts available anywhere other than Google finance?

All delayed

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