Learning to catch High Probability Breakouts

[anilnegi]

 

[amitrandive]

A Trade that simply ran away from hands but still can be playable keeping in mind volume, your input Amit bhai

Sorry AnilJi
Do not track these stocks , very ill liquid and thin volumes.
There are better opportunities in the market.

 

[amitrandive]

Latest Position

Like said earlier booked profit in BPCL, Bharti trail stop hit.
Only position is left in Arvind.

Need to look for other probable breakout candidates.

 

[amitrandive]

Lesson learnt in Bharti-I

Should have exited around the double top or at least trailed the stop to 350 levels.

 

[amitrandive]

Lessons learnt from Losses

If there is a probable strong breakout candidate you have sorted out and you get stopped out , look for another high probability entry in the same stock.

Patience and persistence are the keys.

Posting charts of Abirlanuvo and Relcapital to illustrate this fact.


Lesson learnt from Abirlanuvo-I

Lesson learnt from Relcapital-I

 

[XRAY27]

Lessons learnt from Losses

If there is a probable strong breakout candidate you have sorted out and you get stopped out , look for another high probability entry in the same stock.

Patience and persistence are the keys.

Posting charts of Abirlanuvo and Relcapital to illustrate this fact.


Lesson learnt from Abirlanuvo-I

Lesson learnt from Relcapital-I

Let me add some bytes small suggestion ... what i see during my trading life is that people use
EMA and indicators, fibo's ,VA, etc ..but ..never think on the timetaken to get breakout so that whiplash's can be avoided .. add the concept of time taken to get breakout for better trade's

 

[amitrandive]

Let me add some bytes small suggestion ... what i see during my trading life is that people use
EMA and indicators, fibo's ,VA, etc ..but ..never think on the timetaken to get breakout so that whiplash's can be avoided .. add the concept of time taken to get breakout for better trade's

XRAY27

Excellent suggestion !!!
:clapping::clapping::clapping:
Can you please provide some guidelines on how to effectively use the time factor to achieve better results?

 

[XRAY27]

XRAY27

Excellent suggestion !!!
:clapping::clapping::clapping:
Can you please provide some guidelines on how to effectively use the time factor to achieve better results?

http://www.traderji.com/day-trading/89395-master-one-trick-only.html

some concepts are covered in that thread and also "jetking"given some good ideas also

:clap::clap: should be for avny sir and jetking ji....

 

[amitrandive]

Latest Position

Arvind doing good.Currently giving around 15% in a month , which is not bad.

Currently no stock in sight.Maybe market is waiting for budget in July for a push or break on either long or short side.
Although the current trend is bullish,slightly sideways.

Spot Nifty Weekly Chart

 

[amitrandive]

WatchList


McDowell-N

Short