Learning to catch High Probability Breakouts

[amitrandive]

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

Yes AnilJi

Sure will do that , once I get my hands on a good trade.

 

[amitrandive]

High Probability Breakout

A pin bar at support ,with a descending wedge pattern gives a fantastic breakout , an intraday profitable trade of 8.5 % in Auropharma.

Daily Chart of Auropharma

 

[amitrandive]

My Today Intraday Trade in DLF

Long at 156.5
Stop at 154.5
Exit at 162 (EOD)

Reason for trade,3 bars at same level forming a support.

Daily chart of DLF

 

[amitrandive]

Another High Probability Breakout.

A huge pin bar at support giving a fantastic breakout of 6% in one day.

Daily Chart of Hindlaco

 

[anilnegi]

Amit ji

could you explain reasoning behind your both trades, along with stoplosses as the stoploss in pin bar is far from the current price, it seems a risky trade

anil negi

 

[amitrandive]

Amit ji

could you explain reasoning behind your both trades, along with stoplosses as the stoploss in pin bar is far from the current price, it seems a risky trade

anil negi

DLF trade

Long at 156.5
Stop at 154.5
Exit at 162 (EOD)

Reason for trade,3 bars at same level forming a support.
Once I felt price was not going below 155.5,which was the level sustained for 3 days,I entered long at 156.5.
Should have added more at the position at the locations shown ,but did not.

Daily DLF Chart

Intraday 5 min DLF Chart

 

[amitrandive]

Amit ji

could you explain reasoning behind your both trades, along with stoplosses as the stoploss in pin bar is far from the current price, it seems a risky trade

anil negi

Did not take this trade.

Hindalco Trade

Entry: 150
Stop loss:147
Exit:157 at EOD

The stop cannot be below the Pin bar.Then the risk reward ratio is too high.
Once entered at 150, the stop is below the same candle at around 147.

Hindalco Daily Chart

Hindalco 5 min Intraday Chart

 

[XRAY27]

@Amit

Nice work and entries!!!!!!!!..from last couple of years i have became NIFTY MAN(only trading with NIFTYFUT AND OPTIONS)

Good entry setup with simple indicator...:clapping::clapping:

 

[timepass]

REC Ltd.

1) There is a long tailed pinbar on the weekly around the previous Demand/supply zone of 240. On the daily it is a green WRB.

2) On both the weekly and the daily it has pierced the lower BB. On the daily it has pierced the lower BB with a green WRB. The BB are expanding.

3) The oscillator is coming out of the OS zone and is in neutral zone on the daily. In the weekly, it is still in OS zone but rising.

So, can it be bought with a SL in 230-240 zone with T1 at 270 (around 20SMA on the daily) and T2 290 (Upper BB) ?? If succeeds, can it be held for higher targets of 310 and 380 (as per the weekly charts) ??

REC Ltd - Daily :

REC Ltd - Weekly :

 

[amitrandive]

REC Ltd.

1) There is a long tailed pinbar on the weekly around the previous Demand/supply zone of 240. On the daily it is a green WRB.

2) On both the weekly and the daily it has pierced the lower BB. On the daily it has pierced the lower BB with a green WRB. The BB are expanding.

3) The oscillator is coming out of the OS zone and is in neutral zone on the daily. In the weekly, it is still in OS zone but rising.

So, can it be bought with a SL in 230-240 zone with T1 at 270 (around 20SMA on the daily) and T2 290 (Upper BB) ?? If succeeds, can it be held for higher targets of 310 and 380 (as per the weekly charts) ??

REC Ltd - Daily :

REC Ltd - Weekly :

Timepass Ji

Just my Views
I am still learning Technical Analysis from the threads of Senior members and much more knowledgeable members in TJ.


ReCLTD

Though the Weekly chart has a Pin bar , would preferably like it to break 255 levels and come back and test this level before initiating a long.
Also currently stock price trading below 20 EMA , so I would not like to initiate a long,until it breaks 20EMA price which is around 266.

Experts may correct me on this.


Weekly Chart of RecLtd

Daily Chart of RecLtd