Learning to catch High Probability Breakouts

[XRAY27]

A good video for drawing Support and Resistance.



url]http://dailypriceaction.com/free-trading-lessons/how-to-draw-support-and-resistance-levels[/url]

Tip : Always draw your support and resistance levels first. It’s usually best to start with the weekly chart and then move to the daily. This will ensure you mark the most obvious and influential levels first.

Very nice article...amit ji....:clap::clap:

 

[shreeux]

A good video for drawing Support and Resistance.

http://dailypriceaction.com/free-trading-lessons/how-to-draw-support-and-resistance-levels

Tip : Always draw your support and resistance levels first. It’s usually best to start with the weekly chart and then move to the daily. This will ensure you mark the most obvious and influential levels first.

Good to learn!!!

KIndly choose any one good volatile stock...post after market hours about price behavior...!!! If time permits..We learn step by step..!!!:clap:

 

[gundiravi]

Dear

How does TCS look for tomorrow??

Srinivas

 

[amitrandive]

Good to learn!!!

KIndly choose any one good volatile stock...post after market hours about price behavior...!!! If time permits..We learn step by step..!!!:clap:

Sure, will do that.
Thanks for suggestion.
:thumb:

 

[amitrandive]

Dear

How does TCS look for tomorrow??

Srinivas

Ideally this thread is for positional trading.

Just trying my hand for intraday.

TCS is an extremely bullish stock , which closed on with a Doji and almost a pin bar.

A long can be initiated above 2730.Personally I would however like to wait for a pullback after a vertical move.

This gave a good breakout on 18/9/2014.

Stop of 2690 seems ideal to get out , intraday.

Daily Chart of TCS

 

[amitrandive]

Intraday Price Chart Reading

Courtesy: Anil Trivedi

http://www.traderji.com/technical-analysis/95375-index-analysis-nifty-bank-nifty-8.html#post1006573

 

[anil_s_trivedi]

Dear amit,

Your levels are spot on TCS...good work...Infact one of TJ member gone short intraday and covered near 2690 in the end.

Keep up the good work...

Regards...

 

[amitrandive]

Dear amit,

Your levels are spot on TCS...good work...Infact one of TJ member gone short intraday and covered near 2690 in the end.

Keep up the good work...

Regards...

AnilJi

Thanks for your kind Words!!!

Hope to learn a lot from your threads.

:clapping:

 

[amitrandive]

High Probability Intraday Trade

5 min Chart of Nifty Futures on 25/9/2014.

 

[anilnegi]

Amit ji

Kindly illustrate example on positional trade as intraday is very dangerous as well as time consuming which we cant do on daily basis

thanks

anil negi