Learning to catch High Probability Breakouts

[amitrandive]

Can we buy in red area?? Trade carefully & make sure the trend reversal....as its not a good idea to catch a falling knife.... I m buying in small portions with strict SL

I am also interested in knowing ones trend reversal confirmations...plz share your trend reversal methods...if u dont mind

Bata Looks at a very critical support , make have a breakout/breakdown any time now.

Daily Chart of Bata

Weekly trendlines/support resistance lines =Blue
Daily trendlines/support resistance lines =Yellow

 

[Rish]

Next Week Sunpharma / Infosys and Trent may be taking support from bottom.

This is not a trading call. For analysis purpose sharing the information.

 

[amitrandive]

Commitment in Trading Profession By Smart Trade
http://www.traderji.com/general-tra...ng-tough-only-2-3-successful.html#post1069719

I have read an interview of a very successful scalper turned daytrader in US markets. He being successful daytrader he used to get invitation to lots of traders and hedge funds late night parties. But he had a rule that he will not drink if he has to trade the next day and he will not stay awake late at night...

But he could not totally avoid these parties else he will be considered as wise man not mixing type..so he used to go there, have a drink served to him and then go around and chit chat with his trader friends making sure he chit chats with every one...by 9:30 or 10:00 he will throw the drink in the wash basin and go home, have simple food at home and sleep ...while the trader party continues till midnight with traders talking their millions made or lost, their frustrations etc

Next day he will get up at 5:30 does his excercise , has a look at the charts and he is fully alert for trading when his other daytrader friends are having hangover, headache, bad stomach, drowsiness while trading....some sleeping till late hours....the whole day is spoilt for these guys.

That is the kind of commitment one needs to his profession.

ST

 

[amitrandive]

 

[XRAY27]

In trading terms..."when market knocks you down respect SL(stoploss) and fight with next trade"

 

[amitrandive]

Applies to Trading

 

[amitrandive]

Next Week Sunpharma / Infosys and Trent may be taking support from bottom.

This is not a trading call. For analysis purpose sharing the information.

Daily Chart of Infy

Daily Chart of SunPharma

Daily Chart of Trent

Weekly trendlines/support resistance lines =Blue
Daily trendlines/support resistance lines =Yellow

 

[amitrandive]

..contd

7) Measured Move:

The measured move pattern is one of the most beautiful and predictable patterns. They easily launch from their supporting moving average. The best part is that several moving averages should provide support below the stock. They act as back up in case there is a failure.There should be decreasing volume during consolidation, followed by large volume breakouts.

Concluded.

 

[amitrandive]

ONGC


Daily Chart of ONGC

Weekly trendlines/support resistance lines =Blue
Daily trendlines/support resistance lines =Yellow

ONGC in a continuous downtrend,bouncing off from a crucial support.Whether it sustains or breaks down,needs to be seen.

 

[amitrandive]

Bajaj-Auto


Daily Chart of Bajaj-Auto

Weekly trendlines/support resistance lines =Blue
Daily trendlines/support resistance lines =Yellow

Bajaj-Auto also in a continuous downtrend,bounced from support today
Is this a short covering or reversal need to see in time to come.