Learning to catch High Probability Breakouts

[nitingosavi]

I am following these charts..! I might be wrong..
we r on a verge of a breakdown... ! its just my opinion ..
I feel anything 10-20 points below todays low is a alert of breakdown
I am sry. my English is not enough good to explain what i feel/ what i see. I am just *th passed! whatever i have learned is from traderji. but posting this as i see only buy! BUY!! BUY!!! if the probability I see, comes true... stocks may get badly shaken !

the green and red dots are TD points. green /bright green/Red / Orange bars are reversal/key reversal bars as explained in anil trivedi sirs thread. it works great at least for my short -to very short term trades!

DAILY

WEEKLY

 

[manojborle]

I am following these charts..! I might be wrong..
we r on a verge of a breakdown... ! its just my opinion ..
I feel anything 10-20 points below todays low is a alert of breakdown
I am sry. my English is not enough good to explain what i feel/ what i see. I am just *th passed! whatever i have learned is from traderji. but posting this as i see only buy! BUY!! BUY!!! if the probability I see, comes true... stocks may get badly shaken !

the green and red dots are TD points. green /bright green/Red / Orange bars are reversal/key reversal bars as explained in anil trivedi sirs thread. it works great at least for my short -to very short term trades!

DAILY

WEEKLY

Hi Nitin

Weekly is in trading range and you can see it has already broken pivot and short term down trend on weekly is already over.

You said something about TD points, if you join them you can see trendlines what I have drawn.
Qualifier for breakdown of trend line was not satisfied and so high probability is failure (It stopping at 200 SMA yesterday supports this).

You can see from this chart that there was Supply demand imbalance when price was last in this region so it is ok to expect a bounce from these levels as price is visiting for the first time(If 8450 is broken then demand is exhausted and we can expect price to move down).

 

[amitrandive]

breakouts... only for positive charts..?
what abt breakdowns or "negative BREAKOUTS"?

I cant find a post abt it

I know natures rule is growth! but when something grows.... something falls..!

Nitin

Please dig deeper.I think you will find many charts for breakdowns also.
eg Tatasteel,Cairn,etc.

Also breakdown candidates are for those who trade futures/options.

With the recent ruling on lot sizes , I don't think there will be many candidates for short side.
But many investors for the long side !!!

 

[nitingosavi]

Hi Nitin

Weekly is in trading range and you can see it has already broken pivot and short term down trend on weekly is already over.

You said something about TD points, if you join them you can see trendlines what I have drawn.
Qualifier for breakdown of trend line was not satisfied and so high probability is failure (It stopping at 200 SMA yesterday supports this).

You can see from this chart that there was Supply demand imbalance when price was last in this region so it is ok to expect a bounce from these levels as price is visiting for the first time(If 8450 is broken then demand is exhausted and we can expect price to move down).

Thanks Manoj sir, for showing us more clearer picture.
posting one more chart..
I am comparatively very new to pure price action. but still..
nifty weekly.... is this a case of trendline break and retest?.its a very long term trendline

 

[nitingosavi]

Nitin

Please dig deeper.I think you will find many charts for breakdowns also.
eg Tatasteel,Cairn,etc.

Also breakdown candidates are for those who trade futures/options.

With the recent ruling on lot sizes , I don't think there will be many candidates for short side.
But many investors for the long side !!!

sry AMIT sir,

It was my mistake ..

 

[amitrandive]

Amit ji

misleaded by this chart, it shows price never touches 140 level previously, the site is chartink, i think most trader uses it, i urge all fellow trader to not to rely on this site anymore

Anilji

I need to check this , maybe ET chart is wrong.But it is very user friendly ,that is the reason I am using it.

Check the NSE site snapshot for this stock

The previous high of 142 is around October, hence may not show on your chart.

 

[indianbank]

Today also bad for my bulls.... out of 50 stocks just 5 are in green and 45 are in red on this morning session ...
But one of the bull TVS electric is rocking...
today i lost 1.5% of my profits ...

 

[Ankho Dekhi]

HI Amit ,
H&S pattern developed on TVS Motor weekly chart.

 

[amitrandive]

HI Amit ,
H&S pattern developed on TVS Motor weekly chart.

Yes, either it will crack down or be a breakout failure and go up.

 

[amitrandive]

Excellent posts , Tavnaz. Thank you
This is what I am doing for a long time. I have posted this long back here in Traderji also.
Reproducing it for those who have not seen it

Money is made by buying low and selling high . It is a universal truth. Trading cannot be different.
The problem is many traders do not know where exactly the lows and the highs are.You need a slight change in perspective to know this.

Markets move in short term ranges. A trend is a series of range breakouts.When the Markets break to new highs, it is always in the lower end of the range above.Once you become comfortable with this reality, you can always trade whether it is trending or ranging.

If you are not comfortable trading counter trend, stay with the trend. If the current price range is above the previous one, the trend is up, and try to buy the range low.If we are in a lower price range only attempt to sell the range highs

:clapping::clapping::clapping: