Learning to catch High Probability Breakouts

[manojborle]

Manoj

If you dig this thread deep , I have already disclosed my trading method.
Earlier was posting stocks near to breakouts and was maintaining an excel sheet for that.

But with changed forum rules stopped all that.

We are just trying to explore the concept of how to catch these stocks.
Even if we catch 1 or 2 of such, that would be terrific.

Hmm so that method we are not able to spot such stocks ?

 

[amitrandive]

So posting such charts is of no use to anybody. Marking areas on 1 chart and other we can not then that's not a method.

I think posting charts is not harmful to anyone if not useful , correct?

People make huge money on systems and AFL's showing charts only of trending days and breakouts.Most of the times the performance they claim is not even there.At least this is better than that.

 

[amitrandive]

Hmm so that method we are not able to spot such stocks ?

Ofcourse , why not.
This has been discussed umpteen number of times.The only thing which stops us is how many stocks can we invest at a time with so many breaking out and many of them having false breakouts.

Check 52 Week breakout discussed here and used successfully by IndianBank Sir.

 

[nitingosavi]

Any suggestions ?

though I am also not a investor, cant think too deeply but may be..

daily charts not enough (rather should be avoided). weekly or better I guess monthly charts may work.
all those stocks which given multi fold returns must have a fundamental story.. I think only technical may not work to find such stocks.

 

[amitrandive]

though I am also not a investor, cant think too deeply but may be..

daily charts not enough (rather should be avoided). weekly or better I guess monthly charts may work.
all those stocks which given multi fold returns must have a fundamental story.. I think only technical may not work to find such stocks.

Many times , even driven by pure speculation.

 

[manojborle]

Ofcourse , why not.
This has been discussed umpteen number of times.The only thing which stops us is how many stocks can we invest at a time with so many breaking out and many of them having false breakouts.

Check 52 Week breakout discussed here and used successfully by IndianBank Sir.

Hmm we must have a system which can filter out false breakouts.
It should be able to identify false breakouts.
In intraday people have rules to differentiate between breakouts and false breakouts.
Similar to that we should have rules here also.

 

[princy01]

Hmm we must have a system which can filter out false breakouts.
It should be able to identify false breakouts.
In intraday people have rules to differentiate between breakouts and false breakouts.
Similar to that we should have rules here also.

Sir please share method to identify false breakout in intraday

 

[indianbank]

Sir please share method to identify false breakout in intraday

who is going to break this silence?:lol:

 

[ludhianewala]

who is going to break this silence?:lol:

Sir please share method to identify false breakout in intraday

Though I am not an intraday expert, I have observed that when a candle opens gap up above a resistance area and is unable to make a new high than its open/high and closes below the open with low near or just below the close (in first five minutes or max 15 min), is generally a false breakout. Specially if the low or close is back inside the resistance zone. I am posting a 5 min chart of godrejind today in just a moment.

 

[nitingosavi]

CEAT LTD daily cash.

some good fall might come. with or without a bounce.
1. 1083-1115 already established supply zone, already visited twice n now lack of momentum may do wonders.
2. MACD can get rejected from level zero.
3. visual pattern - a Fall and consolidation in range with thinning volume. might be a continuation pattern for fall..
4. crossing 1115 with good volumes will be a failure of possible short trade. looks like a very rare possibility.
5. currently MA50 @ 1065 and MA100 @ 1106 may act as a resistances .