Learning to catch High Probability Breakouts

[sherbaaz]

Today IDFC is limelight.....almost 9% up....

Now...technical experts will give some news for this upmove...I will disagree...price is going as per pattern....not by news...

contrary to you view basis of TA is only chart not news and all. so no technical expert will give news as a reason for any move in the market.

regds,s

 

[Rish]

contrary to you view basis of TA is only chart not news and all. so no technical expert will give news as a reason for any move in the market.

regds,s

My point is, I am following only our Price....because external news and data's are not in our control....We don't know in advance...

So...Better we should follow the price....accordingly..news follow and will support our Trade..

 

[amitrandive]

contrary to you view basis of TA is only chart not news and all. so no technical expert will give news as a reason for any move in the market.

regds,s

My point is, I am following only our Price....because external news and data's are not in our control....We don't know in advance...

So...Better we should follow the price....accordingly..news follow and will support our Trade..

By Technical Experts , Rish means Experts who come on TV.

They will even have technical reasons like mention support/resistance,etc for every 20-30 point move.

 

[vikas2131]

How long now ???

http://www.zerohedge.com/news/2016-08-02/european-bank-bloodbath-destroys-stress-test-credibility

 

[mindgames]

Today IDFC is limelight.....almost 9% up....

Now...technical experts will give some news for this upmove...I will disagree...price is going as per pattern....not by news...

good one. what made you predict that a strong breakout would occur?

1. granted that stock is in uptrend, but past few bars show price rejection.
2. this was a strong resistance area with price having a history of turns here

 

[Rish]

good one. what made you predict that a strong breakout would occur?

1. granted that stock is in uptrend, but past few bars show price rejection.
2. this was a strong resistance area with price having a history of turns here

Perfect....IDFC in Daily Time Frame chart enclosed with Breakout Markings...and weekly also...same pattern happened last week...hence...solid move....

Normally Breakout scripts always tendency to come near to s/l (which may not hit....in normal course...if you able to locate the right s/l)......you feel that is price rejection..

It is not price rejection.....to trap traders against trend, it is re visiting that levels (their we should re-enter again).

Any comments...welcome...

Check - Asian Paints...exactly...it has happened...and solid one candle move, last week...

 

[mindgames]

Perfect....IDFC in Daily Time Frame chart enclosed with Breakout Markings...and weekly also...same pattern happened last week...hence...solid move....

Normally Breakout scripts always tendency to come near to s/l (which may not hit....in normal course...if you able to locate the right s/l)......you feel that is price rejection..

It is not price rejection.....to trap traders against trend, it is re visiting that levels (their we should re-enter again).

Any comments...welcome...

Check - Asian Paints...exactly...it has happened...and solid one candle move, last week...

Thanks. The same (price testing SL) can happen on another day and lead to breakdown as well - right? How do you filter for the good moves.

Or, are these based on some indicator trigger/confirmation?

what study is that in the background btw...

 

[Rish]

Thanks. The same (price testing SL) can happen on another day and lead to breakdown as well - right? How do you filter for the good moves.

Or, are these based on some indicator trigger/confirmation?

what study is that in the background btw...

Reversal points can be based on cyclical reversal...I judge...visual knowledge is more important.

Study is mixture of high/low with different cyclical days and gann / with previous reaction high/low.

 

[amitrandive]

Manappuram

Another stock doubling in a bull market.

 

[indianbank]

Hi friends....good evening once again
------------------------------------------
52 week breakout performance (5 lakh capital)
day 33
----------
number of Stocks :17 gold july contract : loss of 1100 rs (closed)

Some of my stocks are performing good... but some are beaten down so hard..
I had great expectation on GEECEE venture...but it has totally disappointed me ....

KSL (kalyani steel), Manappuram,Marico are performing so good.... I congratulate them.. wish them to outperform ...

Anyway my new portfolio is down by 2100 rs.....
I am having risk appetite of 3000-3500 rs ie less than 1% of my trading capital
If losses touches above level then have no other choice left than closing the new portfolio....
Lets hope for the best....