Learning to catch High Probability Breakouts

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amitrandive

Well-Known Member
Power and simplicity of 200EMA


A simple yet powerful technical indicator for all Investors/Traders is the 200EMA.Combined with support/resistance it works wonders.

Identifies both uptrend and downtrend.

In case of Amtek auto , no investor zone below 200EMA.A clear cut exit.
In case of Nilkamal ,breakout above 200 EMA.

This is not a standalone system but can be added to every investor/trader's arsenal.

Daily Chart of AmtekAuto


Daily Chart of Nilkamal
 
my analysis coming true...(?) ...till now yes partially !! its the 1st time I dared to try to see "beyond tomorrow"

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
 

amitrandive

Well-Known Member
i dont know about afl at all . just tried

Buy=Cross(C,EMA(Close,200));

will filter buy which cross 200 ema

Complete with exploration


Code:
Buy= Cross(C,EMA(C,200));
Sell= Cross(EMA(C,200),C);
Buy = ExRem( Buy, Sell );
Sell = ExRem( Sell, Buy );

Filter=Buy OR Sell; 
AddColumn(IIf(Buy,BuyPrice,Null)," Buy Signal ", 6.2,1.2,colorGreen); 
AddColumn(IIf(Sell,SellPrice,Null)," Sell Signal ",6.2,1.2,colorOrange);
 
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