Learning to catch High Probability Breakouts

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amitrandive

amitrandive

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#3,091
#3,091
indianbank said:
I have no issues if someone follow Golden rules and make money... :lol:
Click to expand...
Sirji

No issues if money comes by any type of analysis.
It's just that we receive all the news at the last after all Insiders/Biggies have already licked all the cream.

Just think about the number of sources it comes through before the news gets to us.All those involved surely get more advantage than us who receive the news at the last.
 
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N

nitingosavi

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#3,092
#3,092
Not much confident, but possible.

A possible short if triggers.
Looks like a Flag(?)
retraced 38.2% of current fall.
A downward breakout of flag(?) can head 100-127%
above 330 possibility fades.

ITC fut daily.
 
manojborle

manojborle

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#3,093
#3,093
nitingosavi said:
@ Manoj sir,

is it a valid break down? Hrly chart.
rising wedge was there. broken
(-)DMI broke out.
but ADX was never under 25.
if its valid ? point 1 should be considered or point 2.

Click to expand...
First of all please No Sir as I am also a fellow trader and most probably the least experienced.

Now on chart you posted, as ADX was not under 25 it was trending and this will indicate weakening Uptrend and can not be considered for Short.
The wedge drawn is not appropriate, it is more like a channel so please draw parallel line to upper trendline and see whether you still feel its a breakout ?
I do not have data for commodity so can not post chart, please post the chart again with these and we can discuss again on it.
 
manojborle

manojborle

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#3,096
#3,096
nitingosavi said:
OK, @ Manoj ji.
posting same lead chart as of now. 1 Hr and 30 min.
30 min chart looks more logical ?
I couldn't find more channel/wedge/or any other pattern.

Hrly

30 min
Click to expand...
On hourly just see -DMI peaks.
Price made a lower low and dmi made higher high peaks.
At current situation -DMI is nowhere near the previous peak and now if the low is broken it is going to be divergence.
So if it breaks low or doesnt break low, in both cases it is not to be a breakdown.
 
J

jain.er

Banned
#3,100
#3,100
Many traders take entry in stocks before BO. So if BO level is 300 they will enter around 295 if trend looks positive volumes are supportive. Whats your opinion about this. BO may or may not happen, stock may make double top ...etc..

Another confusion is should one buy immediately after BO or wait for a retracement, what if stock dosnt give a PB or the PB is a failed BO...
 
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