Learning to catch High Probability Breakouts

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Reyansh

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The other way round which would be against the short term uptrend, but resistance from the other down trend channel is touched. Candles are very small, low volatility at the moment and moving averages have crossed. If long, then a hedge here is surely not a bad idea.

 
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Reyansh

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In many cases it is important to zoom in our chart to see the details much better compare to just the normal look. The same counts for zooming out to spot bigger trends. If zoomed in single or a group of candles become more visual. You can recognize in the following picture what ever you like as there are a few quit interesting informations in it. Threads on this topic: VJAY, Sudahip, Smart_Trade and others:



Now last coment on Bank Nifty Index script and from tomorrow on it will be with Bank Nifty Future script. Taking a counter trend trade, as mentioned in the previous post, is not an easy game. Low risk entries to such ideas, if even already active with a trade in the direction the script moves (like long here), surely is just to short with what ever in mind. On this short, a stop loss is placed and if market moves further up with a proved signal in the system used and f.e in this Index script, the short is bought back and we are with the long again. This just to spot a little bit over the side line from pure technical thoughts and ideas.

 
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