Learning to catch High Probability Breakouts
- Thread starter amitrandive
- Start date
- Status
Sir,
Initial SL i maintain @ few ticks below closing price of 1st green bar of histogram or a near by support zone.
For targets u have to follow the ADX for +Di cross Below -Di once that happens u can think of exiting the trade or keep trailing the SL untill u get successive red Histogram bars below '0'.
For a perfect entry and high probability of trade ensure that u have some price consolidation before +Di crossover @ 25.
1. The +Di, -Di and an ADX have traded below 25 for some weeks.
2. If the +Di crosses ADX line first and then -Di, u can expect a sharp price movement in upward direction.. same is true for downward if -Di crosses adx first and then + Di.
3. If +Di, -Di and ADX cross happens at a time (with in few days) prices will surge suddenly in either direction as per the conditions in point 2.
4. To reduce the false signals in the ADX change the ADX setting to 20 period.
Senior traders please evaluate this strategy... Your valuable inputs are important in validating this system.
Initial SL i maintain @ few ticks below closing price of 1st green bar of histogram or a near by support zone.
For targets u have to follow the ADX for +Di cross Below -Di once that happens u can think of exiting the trade or keep trailing the SL untill u get successive red Histogram bars below '0'.
For a perfect entry and high probability of trade ensure that u have some price consolidation before +Di crossover @ 25.
1. The +Di, -Di and an ADX have traded below 25 for some weeks.
2. If the +Di crosses ADX line first and then -Di, u can expect a sharp price movement in upward direction.. same is true for downward if -Di crosses adx first and then + Di.
3. If +Di, -Di and ADX cross happens at a time (with in few days) prices will surge suddenly in either direction as per the conditions in point 2.
4. To reduce the false signals in the ADX change the ADX setting to 20 period.
Senior traders please evaluate this strategy... Your valuable inputs are important in validating this system.
Last edited:
@ Apacheindian , you have given Great Contribution to all Traders .... Thank You Very Much , Please continue your valuable posts in TJ :thumb: :clap::clapping::clap:
Your system is really APACHE HELICOPTER TO ACHIEVE TARGETS
PLEASE WATCH THIS VIDEO
https://www.youtube.com/watch?v=bGrNkl8HzPw
Dear All
Just a gentle reminder of our forum rules.
Please do not post targets,stop losses and avoid advise on Equities,futures,Options ,etc.
Also avoid discussing personal positions and advising on stop losses.
We can discuss charts with using words like support/resistance,etc.
Forum Rules
Just a gentle reminder of our forum rules.
Please do not post targets,stop losses and avoid advise on Equities,futures,Options ,etc.
Also avoid discussing personal positions and advising on stop losses.
We can discuss charts with using words like support/resistance,etc.
Forum Rules
Last edited:
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
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| D | Shared Learning: Swing Trading Wisdom for the Indian Market | Swing Trading | 0 | |
| N | Learning! | Beginners Guide | 18 | |
| N | Learning to trade(I'm new to this). | Beginners Guide | 0 | |
| N | Learning from zero | Beginners Guide | 11 | |
| F | Learning to Fish | Technical Analysis | 10 |
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