Learning to catch High Probability Breakouts

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amitrandive

amitrandive

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#3,101
#3,101
jain.er said:
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..
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Differs from various situations, prefer to comment on charts.

I preferably like to enter on pullbacks,depending on the context of the previous price action.

If there is no pullback , I do not like to chase the stock.

 
amitrandive

amitrandive

Well-Known Member
#3,104
#3,104
anil_s_trivedi said:

the levels given by you were from Daily/Weekly or Hrly charts?
- They are from daily chart readings

Now for positional trade, which TF u select.

- All my trades are positional, as my 95% of trades are in cash market. The short term readings i post on my thread are for short term to intraday traders.

I analyse weekly, then daily for any cash position initiation. If at all i have good sense of chart reading, i initiate on hourly just to get into that very moment, stock trying to move into desired direction.


In yr order of preference for trading, u had given long term as first preference.
For this ,which TF u c.And what will be yr s/l, whether same TF - correspoding TL, PL, etc.

Long term - Weekly, Daily

I dont initiate 100% position at one stroke. I entered almost 40-50% on my first tranche. Rest on second confirmation, if daily closing going into strong.

Stoploss are mostly a parameter of recent volatility. But i limit well my stoploss at max within 10%. In 2015, all my stock trades in cash have avg stoploss position of 7.85%.

I trail, 50% of my quantity on daily charts, and rest i give some flexibility, to track it on weekly basis. IF stock is weak, then it will hit my all levels in a week. This implies stock lacking big buying.

And last, for intra, where u will look at for S/R.
Is it visual Price action or some other like Fib,pivot, etc.
You will consider Pivot or Not for trend & s/l decision

If i am trading intraday charts, mostly in Nifty F&O, then i look at daily/hourly/5min settings. Position initiation always closer to daily S/R levels. I rarely look into candlestick/bar formation in 5min. Since position initiation is based on S/R levels, i stick to it. But i need volume coming in, after i get in. Else something wrong i commit. Either i get in early or just trying to trade range bound market. Generally, i get into trade, in first 5-10 minutes i get sense, whether it is lacking buying/selling into it.

With recent SEBI actions, it is not in forum rules to specify buy/sell levels. All i can do is have Demand/supply levels with strong above / weak below type of analysis.
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Anil Sir's wisdom on Long term investing and Intraday play
:clapping::clapping::clapping:
 
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nitingosavi

Well-Known Member
#3,105
#3,105
nifty

Infy

Relcapital

Axisbank


These are market profile charts. last few years.
market profile--yearly/ on daily candles chart.
IB - two bars -marked with brown lines.

Its just observation.
its like ORB--- mark high lows of 1st two days of year, sell below and buy above. s/l is vice versa.
for example- Infy this year sell bellow 1076.05 buy above 1108.95.closing basis.
good rallies/falls we may get sometimes yearlong. if not yearlong but very good /sizable trades we may find.

sharing it as today is the 3rd trading day of year, and I have observed very good trades with this method. sometimes traded. I don't know if it has any logical base.

its basically just an observation, use other tools along with and Ride the trend !

dekho ye aapke liye bhi kaam karta hai ya nahi ?
 
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nitingosavi

Well-Known Member
#3,106
#3,106
shorted Maruti/TVSmotors futures.
Tatamotors short already in hand.

will post chart in some time.

Maruti fut daily.
I Think It shouldn't hit 4692/4700 zone. If needed will have to average twice..
Trend line broken retested.
could not sustain resistances.
just need a little push lower.


TVSmotors daily Fut.
Sold before trigger/ s/l digestible.
 
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