Learning to catch High Probability Breakouts

[nitingosavi]

ACC daily fut.
testing multi day/week/month down sloping trendline again. still weak.
if manages to close above 1304. highly risky chance to banta hai that it will bounce.

 

[nitingosavi]

We may bounce for good !

may be I am wrong but slowly getting more and more convinced & confident.

 

[nitingosavi]

sold 7700 Put @ 158 1st ever option writing trade of life.
bought 7650 call @ 111
Nifty Spot daily as of now.

7580-7611 looks like a support

booked aprox 20 rs loss each in both... all positions nil now.

We may bounce for good !

may be I am wrong but slowly getting more and more convinced & confident.

lets see tomorrow

 

[nitingosavi]

again bought some 7600 calls to carry @ 125.

 

[ludhianewala]

Nifty at make or break level. Adx above 25, but price divergent to DMI, Let's see what happens after the weekly candle completes tomorrow.

 

[indianbank]

Hi friends good evening as always....
My 52 week breakout 17 stocks performance= - 5400 rs

today was so bad for me... if loss touches 8000 rs then i may be exiting this portfolio... Nothing good for bulls... ..

Lets see what happens in coming days

 

[amitrandive]

Little gainers and major loosers .

Heaviest loosers continue to be the Metal and Realty sector .

 

[amitrandive]

Daily Chart of JindalSteel

Weekly Chart of JindalSteel

Jindal steel today's biggest looser in F&O stocks loosing -10.65%.Explosive ascending wedge breakout.
Interestingly it has the same pattern on the Weekly chart too.

 

[amitrandive]

Amit bro,

Your Chart shows that you trade based on Price Pbks to 20 EMA.

I trade a similar method and get lots of trade on 5 TF.

How do u Filter tradees.

Using important support and resistance and chart patterns on daily and hourly timeframe, yes stop losses are hit.Stops are a part of trading business.
But rewards are good.
See today's trade , exited due to consolidation.


5 min chart of Spot Nifty

5 min chart of Nifty7700PE

See some examples
http://www.traderji.com/general-tra...6368-general-trading-chat-18.html#post1127239
http://www.traderji.com/general-tra...368-general-trading-chat-311.html#post1120212
http://www.traderji.com/general-tra...368-general-trading-chat-918.html#post1105910

My post in other thread.

 

[vikas2131]

Some stocks are showing tremendous strength in such a horrendous market like ABNUVO..Have a look at it