Hi,
Most of you are aware that I am a big fan of Pure Price Action breakouts without the use of fancy indicators. Many of you are aware that 5 minutes breakout on Nifty has not given much desired result. The fancy of trading Nifty has made me to think new way of trading breakouts.
I will post subsequently my throughts on Nifty breakout trades. This time I have compromised and started using volumes and MA embedded on volume.
I have not backtested this strategy except to roll out charts randomely to see where the trade succeeded and failed.
Hoping all of your participation to make it tradable profitably.
Most of you are aware that I am a big fan of Pure Price Action breakouts without the use of fancy indicators. Many of you are aware that 5 minutes breakout on Nifty has not given much desired result. The fancy of trading Nifty has made me to think new way of trading breakouts.
I will post subsequently my throughts on Nifty breakout trades. This time I have compromised and started using volumes and MA embedded on volume.
I have not backtested this strategy except to roll out charts randomely to see where the trade succeeded and failed.
Hoping all of your participation to make it tradable profitably.