Learning to catch High Probability Breakouts
- Thread starter amitrandive
- Start date
- Status
Some lessons learnt
Stocks with Daily strength will go up in Intraday
Stocks with Daily weakness will go down in Intraday.
Trading in the right direction with correct stop loss gives good Intraday Trades.
Go Long only if there is an Intraday Buy Signal in the Strong stock.
Go Short only if there is an Intraday Sell Signal in the Weak stock.
Attached images of Arvind-I (Strong) and Mcdowell-N-I (Weak)
on 26/6/2014.
Arvind-I (Intraday chart on 26/6/2014)
Mcdowell-N-I (Intraday chart on 26/6/2014)
Stocks with Daily strength will go up in Intraday
Stocks with Daily weakness will go down in Intraday.
Trading in the right direction with correct stop loss gives good Intraday Trades.
Go Long only if there is an Intraday Buy Signal in the Strong stock.
Go Short only if there is an Intraday Sell Signal in the Weak stock.
Attached images of Arvind-I (Strong) and Mcdowell-N-I (Weak)
on 26/6/2014.
Arvind-I (Intraday chart on 26/6/2014)
Mcdowell-N-I (Intraday chart on 26/6/2014)
Some lessons learnt
Stocks with Daily strength will go up in Intraday
Stocks with Daily weakness will go down in Intraday.
Trading in the right direction with correct stop loss gives good Intraday Trades.
Go Long only if there is an Intraday Buy Signal in the Strong stock.
Go Short only if there is an Intraday Sell Signal in the Weak stock.
Attached images of Arvind-I (Strong) and Mcdowell-N-I (Weak)
on 26/6/2014.
Arvind-I (Intraday chart on 26/6/2014)
Mcdowell-N-I (Intraday chart on 26/6/2014)
Stocks with Daily strength will go up in Intraday
Stocks with Daily weakness will go down in Intraday.
Trading in the right direction with correct stop loss gives good Intraday Trades.
Go Long only if there is an Intraday Buy Signal in the Strong stock.
Go Short only if there is an Intraday Sell Signal in the Weak stock.
Attached images of Arvind-I (Strong) and Mcdowell-N-I (Weak)
on 26/6/2014.
Arvind-I (Intraday chart on 26/6/2014)
Mcdowell-N-I (Intraday chart on 26/6/2014)
Good Amit...
In a nutshell.. we have align ourselves to the larger TF. The strength and/or weakness on the higher TF will always show up on the intraday (1/3/5 min). We just need to align ourselves to it at the right juncture.
Good Amit...
In a nutshell.. we have align ourselves to the larger TF. The strength and/or weakness on the higher TF will always show up on the intraday (1/3/5 min). We just need to align ourselves to it at the right juncture.
In a nutshell.. we have align ourselves to the larger TF. The strength and/or weakness on the higher TF will always show up on the intraday (1/3/5 min). We just need to align ourselves to it at the right juncture.
"Trade in the direction of the Larger Time Frame"
This is what we have learnt/read in all Technical Analysis books/courses that we have been through.But in practical trading we fail to implement that.
Many times we are stuck in counter trend trading and then blame the market and other entities for our losses.
Galts
This entirely depends on your risk appetite.If you are trading on higher time frame , you have to have deeper pockets to take the losses.
But you also have bigger gains
The issue of limited trading time and contract expiry applies to all global equity markets.
Analysis done on any platform works for any kinds of markets,you just got to have the right system and strategy to make it work.
Many successful traders out there work on a simple tool like Excel also.
This entirely depends on your risk appetite.If you are trading on higher time frame , you have to have deeper pockets to take the losses.
But you also have bigger gains
The issue of limited trading time and contract expiry applies to all global equity markets.
Analysis done on any platform works for any kinds of markets,you just got to have the right system and strategy to make it work.
Many successful traders out there work on a simple tool like Excel also.
Some lessons learnt
Stocks with Daily strength will go up in Intraday
Stocks with Daily weakness will go down in Intraday.
Trading in the right direction with correct stop loss gives good Intraday Trades.
Go Long only if there is an Intraday Buy Signal in the Strong stock.
Go Short only if there is an Intraday Sell Signal in the Weak stock.
Attached images of Arvind-I (Strong) and Mcdowell-N-I (Weak)
on 26/6/2014.
Arvind-I (Intraday chart on 26/6/2014)
Mcdowell-N-I (Intraday chart on 26/6/2014)
Stocks with Daily strength will go up in Intraday
Stocks with Daily weakness will go down in Intraday.
Trading in the right direction with correct stop loss gives good Intraday Trades.
Go Long only if there is an Intraday Buy Signal in the Strong stock.
Go Short only if there is an Intraday Sell Signal in the Weak stock.
Attached images of Arvind-I (Strong) and Mcdowell-N-I (Weak)
on 26/6/2014.
Arvind-I (Intraday chart on 26/6/2014)
Mcdowell-N-I (Intraday chart on 26/6/2014)
how to check d strength or weakness of a stock... plz help
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