Learning to catch High Probability Breakouts

[amitrandive]

TV Today Daily

This one too seems to be approaching the upwards ascending triangle breakout.

 

[amitrandive]

Golden Cross

Tata Steel Daily

 

[timepass]

Golden Cross

Tata Steel Daily

I thought that the golden cross was supposed to be 50/200

 

[amitrandive]

I thought that the golden cross was supposed to be 50/200

Can be any meaningful short and long term moving average crossover

http://www.investopedia.com/terms/g/goldencross.asp?layout=infini&v=5B&adtest=5B
http://www.investopedia.com/ask/ans...ween-golden-cross-and-death-cross-pattern.asp

There is some variation of opinion as to precisely what constitutes this meaningful moving average crossover. Some analysts define it as a crossover of the 100-day moving average by the 50-day moving average; others define it as the cross of the 200-day average by the 50-day average. Analysts also watch for the crossover occurring on lower time frame charts as confirmation of a strong, ongoing trend. Regardless of variations in the precise definition or the time frame applied, the term always refers to a short-term moving average crossing over a major long-term moving average.

TP , this is definition you have used.

http://www.marketwatch.com/story/two-ways-to-play-golds-golden-cross-2012-09-21

A golden cross develops when a shorter-term moving average rallies to cross above a longer-term moving average. Because the shorter-term moving average reflects more recent price action relative to the longer-term moving average, this kind of development is typically interpreted by market technicians as a significantly bullish sign

In truth, any pair of moving averages can be used to create the golden cross effect — a point critics of technical analysis never tire of making. However, for most chart watchers, the classic golden cross develops when the 50-day moving average of a market crosses above the 200-day moving average of that market.

 

[Mungus]

Amit Bhai,any AFL to mark High/Low of weekly and High/Low of last 2 days?

 

[amitrandive]

Amit Bhai,any AFL to mark High/Low of weekly and High/Low of last 2 days?

_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
_SECTION_END();


_SECTION_BEGIN("Prior Day OHLC");

PDH = TimeFrameGetPrice( "H", inDaily, -1 );
PPDH = TimeFrameGetPrice( "H", inDaily, -2 );
PDL = TimeFrameGetPrice( "L", inDaily, -1 );
PPDL = TimeFrameGetPrice( "L", inDaily, -2 );
PWH=TimeFrameGetPrice( "H", inWeekly, -1 );
PWL=TimeFrameGetPrice( "L", inWeekly, -1 );

PDH_index = ValueWhen(PDH!=Ref(PDH,-1),BarIndex());
PDH_Style = ParamStyle("PDH Style", styleThick);
PDH_Color = ParamColor("PDH Color", colorgreen);
PPDH_index = ValueWhen(PDH!=Ref(PDH,-1),BarIndex());
PPDH_Style = ParamStyle("PPDH Style", styleThick);
PPDH_Color = ParamColor("PPDH Color", colorblue);

PDL_index = ValueWhen(PDL!=Ref(PDL,-1),BarIndex());
PDL_Style = ParamStyle("PDL Style", styleThick);
PDL_Color = ParamColor("PDL Color", colorRed);
PPDL_index = ValueWhen(PDL!=Ref(PDL,-1),BarIndex());
PPDL_Color = ParamColor("PPDL Color", colororange);
PPDL_Style = ParamStyle("PPDL Style", styleThick);

PWH_index = ValueWhen(PWH!=Ref(PWH,-1),BarIndex());
PWH_Style = ParamStyle("PWH Style", styleThick);
PWH_Color = ParamColor("PWH Color", colorred);
PWL_index = ValueWhen(PWL!=Ref(PWL,-1),BarIndex());
PWL_Color = ParamColor("PWL Color", colororange);
PWL_Style = ParamStyle("PWL Style", styleThick);


Plot(PDH,"PDH",PDH_Color,PDH_Style);
Plot(PPDH,"PPDH",PPDH_Color,PPDH_Style);
Plot(PDL,"PDL",PDL_Color,PDL_Style);
Plot(PPDL,"PPDL",PPDL_Color,PPDL_Style);
Plot(PWH,"PWH",PWH_Color,PWH_Style);
Plot(PWL,"PWL",PWL_Color,PWL_Style);
PlotText("Previous Day High",LastValue(PDH_index)-6,LastValue(TimeFrameGetPrice( "H", inDaily, -1 ),True)*1.0001,PDH_Color);
PlotText("2 Previous Day High",LastValue(PPDH_index)-6,LastValue(TimeFrameGetPrice( "H", inDaily, -2 ),True)*1.0001,PPDH_Color);
PlotText("Previous Day Low",LastValue(PDL_index)-6,LastValue(TimeFrameGetPrice( "L", inDaily, -1 ),True)*1.0001,PDL_Color);
PlotText("2 Previous Day Low",LastValue(PPDL_index)-6,LastValue(TimeFrameGetPrice( "L", inDaily, -2 ),True)*1.0001,PPDL_Color);
PlotText("Previous Week High",LastValue(PWH_index)-6,LastValue(TimeFrameGetPrice( "H", inWeekly, -1 ),True)*1.0001,PWH_Color);
PlotText("Previous Week Low",LastValue(PWL_index)-6,LastValue(TimeFrameGetPrice( "L", inWeekly, -1 ),True)*1.0001,PWL_Color);

 

[Apacheindian]

u were supposed to share ur method for shorting ???

Still working on it... !!

 

[vagar11]

VIPIND is on the verge of breaking out. We might see some good moves.

 

[amitrandive]

VIPIND is on the verge of breaking out. We might see some good moves.

A kind request to all posters , please post charts along with your views.

 

[amitrandive]

Clariant chemicals Daily

Need to track , this one.Seems to break a downward channel.


Disclaimer:This is not a trading call.This is for educational purpose only.