Learning to catch High Probability Breakouts

[vijayanscbe]

Sharing my favourite AFL for all readers.

This is system shared by Ragee Horner and as per her, its her million dollar trading system.

Works on all timeframes ,best works on Daily Timeframe.

Whipsaws in sideways market and superb in trending market.

Very sorry for asking a dump question.
"Can you show one trend trading system/afl which wont work in Trending market ?? "

My point is every trend trading system works in trending market and will gives whipsaws in sideways. In which way the Million Dollar System is better than other system/afl ??

 

[amitrandive]

Very sorry for asking a dump question.
"Can you show one trend trading system/afl which wont work in Trending market ?? "

My point is every trend trading system works in trending market and will gives whipsaws in sideways. In which way the Million Dollar System is better than other system/afl ??

Yes , you are right.

But this million dollar truth does not sink into the mentality of many traders.
That is why i have purposely put this comment.

Many times I have seen people twisting,tweaking,optimizing simple systems as per their experience/knowledge and try to catch every turn of the market.

The "Million Dollar System" by Ragee Horner is just like any other system/AFL available on the net.

In spite of doing this many times ,keep on receiving requests to tweak the AFL,addition of indicators,more parameters,etc.

Two traders who use the same AFL will always yield different results.

My favorite quote is that is is not the system which makes the money,it is your discipline.

You can dig this thread and my other threads deep inside to know that I have always shared simple systems on trading always with this disclaimer that "they work well in trending markets and whipsaws in sideways market".

No AFL is a substitute for a complete trading system which comes along with with a set of emotions.

Had shared this AFL on the request of a member to share one AFL he needs to trade as a learner in the markets.He has recently started trading

A kind thanks for your feedback.
:thumb:

 

[manojborle]

 

[manojborle]

 

[monkeybusiness]

Nice to see you back Manojbhai.:thumb:

 

[sunny_cool]

UPL~DAILY

Looking good...lets wait for confirmation

 

[amitrandive]

Realize that you don’t need to trade every day, or even every week. Often, the best and most lucrative position is to be out of the market. Strong trends are the easiest time to make money but they don’t happen very often. Thus, if there’s not a strong trend underway, odds are you should be flat the market unless your trading strategy has fired off a very obvious signal.

In trading, you have to be aggressive enough to make the most out of a valid trade setup when it arises, but you also need to be defensive enough to not give back the profits you made on winning trades.

Source:http://goo.gl/Uq4Oop

 

[amitrandive]

We are presently in a large trading range 8750-8550. In between the market will give many false signals. But this range is large enough to ignore so I am adopting a strategy that when we go above 8700 and from there we crack 8700, liquidate longs and look to go short on smaller timeframes and when we go below 8600 and then climb above 8600 cut short positions and look to go long.Trading between 8700-8600 should be on smaller timeframes.

Smart_trade

Spot Nifty Trading range as by ST Sir ,

 

[amitrandive]

Jubiliant LifeSciences.

 

[ravi2126]

Jubiliant LifeSciences.

Amit'Ji,r u applying this in ur trading ?