Learning to catch High Probability Breakouts

[mindgames]

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.

What will be the cost with Amibroker if I'm only looking for EOD? Is it a one time purchase or will there be any annual fee?

 

[nitingosavi]

What will be the cost with Amibroker if I'm only looking for EOD? Is it a one time purchase or will there be any annual fee?

! google it. NSE EOD data is free from NSEINDIA.COM. amibroker .. from legal to illegal from zero to... xyz cost.

 

[mindgames]

OOi ma ! google it. NSE EOD data is free from NSEINDIA.COM. amibroker .. from legal to illegal from zero to... xyz cost.

Hmmm...Google not very clear on a couple of questions. The 300 dollars that you pay - is it one time? There's some "renewal" fee - can one do away with it.

Just trying to evaluate if it is worth the money as my trading capital is quite low.

 

[nifty trade]

! google it. NSE EOD data is free from NSEINDIA.COM. amibroker .. from legal to illegal from zero to... xyz cost.

A trader according to his experience can make from 1k to 50 k per day

Where as intraday data costs at max 16k per year for gdfl

Think about it

 

[mastermind007]

nitingosavi and few others

Please keep this thread for what it is intended. There are 1000 and one threads about data, software.

Every few minutes, this thread shows up as having new post and I get email notification for it. When I come to see what new thing was posted here, all I find is some post irrelevant to the thread.

Generally, I do value your contributions but please ....

 

[nitingosavi]

bought futures bharti 333 and coal india 328 for intraday

 

[nitingosavi]

auropharma looks like a possible short.
selling up to 836-850 possible , will not hit 873 I assume.

 

[amitrandive]

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 .

This is correct , but as Intraday traders we also need to see 4 hourly,hourly and 15 min charts .
There are beautiful trends on these time frames which are not available on daily charts.

The key is to watch where daily levels either break or hold.

 

[amitrandive]

nitingosavi and few others

Please keep this thread for what it is intended. There are 1000 and one threads about data, software.

Every few minutes, this thread shows up as having new post and I get email notification for it. When I come to see what new thing was posted here, all I find is some post irrelevant to the thread.

Generally, I do value your contributions but please ....

Yes MM

Thanks for the reminder !!!
The title of the thread itself is a very strong reminder that we are all here for the purpose of learning to trade.
For software ,datafeeds,analyst recommendations , there are other threads.
:thumb:

 

[nitingosavi]

tatasteel may be forming base.

223-24 zone some res. abv we may see a good short term upmove.

208 look like a good sup. buying upto 211-215 might be good.