Learning to catch High Probability Breakouts

[amitrandive]

It is the same supply/demand zones you use in your trading.

Yes, I use the same zones for trading.

Many time I draw and redraw the support/resistance lines and trendlines to incorporate the latest price action.

 

[nitingosavi]

Thanks for comments ,
This post was from one year back ,check the latest charts.

Weekly chart of AdityaBirla

Excellent catch !! superb !!:clapping::clapping::clapping:

 

[nitingosavi]

Yes, I use the same zones for trading.

Many time I draw and redraw the support/resistance lines and trendlines to incorporate the latest price action.

amit sir,
the question is how you draw those boxes... what logic..?

I mean what levels... u consider for reference... doji/pinbar/range... what is it?

 

[abcapital]

Great initiative, I will be following up so we can all catch the big moves.

 

[amitrandive]

amit sir,
the question is how you draw those boxes... what logic..?

I mean what levels... u consider for reference... doji/pinbar/range... what is it?

NitinJi

I just draw plain support/resistance on a higher time frame where the price has stalled.

For example a level which was originally a resistance and has now become a support.The advantage of higher time frame is that it appears significant on a lower time frame like Daily/Hourly.

Yes many times pin bars ,doji's and ranges provide support and resistance levels along with Master candles.

Some examples ,

 

[stoch]

I still can't get how should I catch breakouts? Should I watch news or use some technical tricks? I'm using trading central analysis through Hotforex but it has nothing to do with breakout trading.

 

[amitrandive]

I still can't get how should I catch breakouts? Should I watch news or use some technical tricks? I'm using trading central analysis through Hotforex but it has nothing to do with breakout trading.

News reach us delayed, no use of any news based trading.
Charts show us everything we want to know.

 

[nitingosavi]

Crude and cairn...

Crude is showing like double bottom on daily.. with some good diversions on indicators...

cairn.. I am not sure but sensing bottom is near with a dip or without..

Crude Hourly live.. 2970-3000 looks like hurdle abv 2972/73 a rally looks possible

Cairn Daily. fut.

both look bullish (short term) with some confirmation..... with or without some dips.

 

[amitrandive]

Crude and cairn...

Crude is showing like double bottom on daily.. with some good diversions on indicators...

cairn.. I am not sure but sensing bottom is near with a dip or without..

Crude Hourly live.. 2970-3000 looks like hurdle abv 2972/73 a rally looks possible

Cairn Daily. fut.

both look bullish (short term) with some confirmation..... with or without some dips.

Daily Chart of Cairn

 

[amitrandive]

NitinJi

I just draw plain support/resistance on a higher time frame where the price has stalled.

For example a level which was originally a resistance and has now become a support.The advantage of higher time frame is that it appears significant on a lower time frame like Daily/Hourly.

Yes many times pin bars ,doji's and ranges provide support and resistance levels along with Master candles.

Some examples ,

Daily Chart of Reliance

That is why I don't trade Reliance.It is completely inside the box.:rofl:
(This is not a trading call)