Learning to catch High Probability Breakouts

[nitingosavi]

I have posted Tatamotors, maruti, Tvsmotors, Ashokleyland charts today.

To me, All look bearish... heavily bearish. with some upside or without !!

look at Bajaj auto, Heromotors, those charts also does not indicating anything different.

may be I am wrong. But after Pharma this sector looks like lucrative short ! and this thing frightening me... Are we in bear mode ?

 

[Rish]

I have posted Tatamotors, maruti, Tvsmotors, Ashokleyland charts today.

To me, All look bearish... heavily bearish. with some upside or without !!

look at Bajaj auto, Heromotors, those charts also does not indicating anything different.

may be I am wrong. But after Pharma this sector looks like lucrative short ! and this thing frightening me... Are we in bear mode ?

Already Idea is in soup....Bharti will follow IDEA...

Bajaj Auto...just started...

Moreover...Pharma sector is over valued...All number game....beyond some level...we should never rely on Fundamental.

Ashok Leyland....what fundamental above 90...i will sell...definitely i will not buy...if it comes near 60 level...may be fundamental work...not at 90...

Maruti near 4700...what fundamental...we should sell and trade..otherwise..we should avoid buying at this juncture..

All view is my personal experience...i may be wrong also..

 

[nitingosavi]

Anirudhdha sethi had a last 5 min buy call on Indiabulls hsg finance on 10 th nov. buy in tons / 1lack /10 lack in futures.. with some insider news... bulls from London etc.

it was down 10% on 11 th nov.

I was thinking he is a unbiased analyst. this is second time.. in last 1-1.1/2 months..

but he has given so many good calls too !
I am just watching never trades on sm1 else's call.

 

[nitingosavi]

I know using indicators is old fashioned,
many don't like it/ repaints etc.

still... rsi(2) and CCI(3)(own scale in amibroker) combo gives me some great results.. try it !

 

[Rish]

Anirudhdha sethi had a last 5 min buy call on Indiabulls hsg finance on 10 th nov. buy in tons / 1lack /10 lack in futures.. with some insider news... bulls from London etc.

it was down 10% on 11 th nov.

I was thinking he is a unbiased analyst. this is second time.. in last 1-1.1/2 months..

but he has given so many good calls too !
I am just watching never trades on sm1 else's call.

Technically He was strong......but, traders can't follow him, may lose money....

Personally I know his strength of Technical Reading...wonderful level..but, he has been forced to change his attitude..

 

[nitingosavi]

I am coming to a conclusion...

day trading can be done on EOD charts..

Intraday charts are not needed ! . yes some s/l might get blown up but still.. EOD charts are key to........ success !

Its ok.. we will not have a scalping trade.. we may not have a sharp intraday reversal.. but still tomorrow is the day where we can have some good profit !

still working on methods.... but buy sell bias will be set earlier day OHLC !

actually trading intraday on EOD charts has given me more returns than intraday charts ! 2-4 stops hit hue to bhi kya hua !?




I have stopped the intra day data feed. let see how it works !>?
for commodities... OOi MA intra feed may be needed .. hrly charts or so .

 

[nifty trade]

I am coming to a conclusion...

day trading can be done on EOD charts..

Intraday charts are not needed ! . yes some s/l might get blown up but still.. EOD charts are key to........ success !

Its ok.. we will not have a scalping trade.. we may not have a sharp intraday reversal.. but still tomorrow is the day where we can have some good profit !

still working on methods.... but buy sell bias will be set earlier day OHLC !

actually trading intraday on EOD charts has given me more returns than intraday charts ! 2-4 stops hit hue to bhi kya hua !?

Whaaaaaaat?

 

[nitingosavi]

Whaaaaaaat?

yes same what I posted and you read.

Intra trade On EOD chart are more successful for me.

 

[mindgames]

What charting s/w do you guys use? I primarily use ET and Stockcharts. However, I'd like to do backtest some ideas. Any suggestions?

 

[nitingosavi]

What charting s/w do you guys use? I primarily use ET and Stockcharts. However, I'd like to do backtest some ideas. Any suggestions?

I use amibroker.
I use indicators too.
general statement* and its not 100% full proof.
when a stock crosses earlier day's 50% or 61.8% lvl from below I buy it. target is not my love. profit that's enough. s/l generally days low or 88.8% of previous days range. dynamic rules combined with RSI 2 RSI 5 and RSI 15 and some common of charts + price action.
stochastic momentum I use to observe.