Learning to catch High Probability Breakouts

[amitrandive]

 

[prst]

In the table, price of kwality is mentioned as 69, but currently it is trading at 147.

 

[nitingosavi]

Trader Vs Analyst

http://peterlbrandt.com/thank-god-im-a-trader-not-an-analyst/

Excerpts

There is a huge difference between being a trader and being a market analyst.

Analysts are paid by being right. Traders are paid by managing risk.

May be Analysts are failed traders who couldn't manage risks.

who will not like to earn for himself than working for others.

 

[amitrandive]

Dear Rangarajan,

I use basic technical analysis tools, like R/S, Trendlines and one momentum indicator, I use momentum indicators on line of ROC. along with my favourite moving average.

Posting stochastics in earlier chart is for ppl who are indicator followers. Point there was simple trade in waiting, when higher timeframe (here weekly) in oversold condition, focus on some good positive divergence on lower timeframe(here Daily) to initiate trades, using trendlines at price action getting supported by important S/R level from Higher timeframe(here weekly). This is basic simple setup of using multiple timeframes.

I am more into reading what price is doing, is it rallying it with clean bars of strength with good volumes or just with weak bar spreads the rally is going on. The speed of move tells who is hurry here. How volume is acting on small/big breakouts. Thats it...

Amazing , I never stop learning from Anilji's thread.Fascinating knowledge and application.
:clap::clap::clap:

 

[amitrandive]

 

[amitrandive]

http://www.learn-forextrading.org/2015/04/breakout-entry-pullback-entry-swing.html

 

[amitrandive]

 

[amitrandive]

http://www.learn-forextrading.org/2015/04/breakout-entry-pullback-entry-swing.html

 

[amitrandive]

 

[nitingosavi]

What next ?

wockhart pharma
has given some big down moves in a single day while coming down from marked zone.

the down moves had been real BIG ! -20% twice -18 % once -9 % once.

kya put lena sahi rahega ?