Learning to catch High Probability Breakouts

[Somatung]

Changed..dear dan it is not descending broadening edge!!! nice making of pattern..the V bottom !!! in air (in middle of trend):lol::rofl:

I am clear that I am a bit sarcastic. Never mind as even I do have a look at chart patterns regularly. But I feel that they are not sufficient to take proper trading decisions as stand alone patterns. So I look at them with distance, but enjoy the pictures they show off on any chart.

Take care dear friend / Dan

 

[XRAY27]

I am clear that I am a bit sarcastic. Never mind as even I do have a look at chart patterns regularly. But I feel that they are not sufficient to take proper trading decisions as stand alone patterns. So I look at them with distance, but enjoy the pictures they show off on any chart.

Take care dear friend / Dan

Yes dan !! These patterns are not stand alone patterns !! for trading decisions

:thumb:

 

[Somatung]

Yes dan !! These patterns are not stand alone patterns !! for trading decisions

:thumb:

So let's make a list of ten facts for educational purpose with an example to each one of it, which can be added to any chart pattern:

Nr 1:

I will start with the impact of political decisions, like the one that US now is planing to open his market to Cuba. Dow up (18 Dec. 2014) and may even a good start of a nice V pattern.

 

[timepass]

Investopedia says :

DEFINITION OF 'MORNING STAR'
A bullish candlestick pattern that consists of three candles that have demonstrated the following characteristics:

1. The first bar is a large red candlestick located within a defined downtrend.
2. The second bar is a small-bodied candle (either red or white) that closes below the first red bar.
3. The last bar is a large white candle that opens above the middle candle and closes near the center of the first bar's body.

Today's candle is quite close to that..

There's an overlap of today and yesterday's candles otherwise it might have been even an island reversal.

 

[amitrandive]

Dan,Xray and Timepass

Please continue your excellent work of educating us with trading patterns.
:clapping::clapping::clapping:

 

[amitrandive]

Amit ji

a trend change is i think higher low and higher high, hence 1st example can also be a trend change??

anil negi

Yes , AnilJi

It can also be a trend change if there are consecutive higher highs and higher lows.
If price starts going doing again , it becomes a bear flag.

 

[amitrandive]

 

[amitrandive]

My Intraday Nifty trade on 22/12/2014


Nifty Intraday 5 min Chart

 

[sabharwal_RK]

Which charting you use for intraday?

 

[amitrandive]

Which charting you use for intraday?

I use AmiBroker.
Above image is from Bazaar trend.I preferably keep my Ami chart clean and do the markups on bazaar trend chart.