best breakout method intraday

M

mmohanar

Active Member
#1
#1
Dear guys

Already many of you aware of this method. breakout strategy below. This is not new strategy.

Timeframe : 30mins(9.45am).

Strategy :note down the high/low of script @ 9.45am(indian market).

Strategy : when break high go long.when break low go short
Target: 1% of buy/sell price.
Stoploss: 1% of buy/sell price.

I have not done real trading.

I did paper trading last two days. It gives good results. 9 win out of 10 trades. I earned 42rs.so if i bought 100 shares each its 4200rs profit.

Just try it guys.

Guys this is working really.

Iam going to do real trade on monday. We will see results.

Opinions are welcome.

Regards

Mmohanar
 
Last edited:
G

gvrdaytrade

Member
#3
#3
hi,

i also tried this strategy.... good profit in trending market...
but in weak market does not work... sometimes continous loss affect our mind.

but you can try this strategy with little quantity..
and post it here

thanks
all the best
 
N

Nostradamuss

Banned
#5
#5
mmohanar said:
Dear guys

Already many of you aware of this method. breakout strategy below. This is not new strategy.

Timeframe : 30mins(9.45am).

Strategy :note down the high/low of script @ 9.45am(indian market).

Strategy : when break high go long.when break low go short
Target: 1% of buy/sell price.
Stoploss: 1% of buy/sell price.

I have not done real trading.

I did paper trading last two days. It gives good results. 9 win out of 10 trades. I earned 42rs.so if i bought 100 shares each its 4200rs profit.

Just try it guys.

Guys this is working really.

Iam going to do real trade on monday. We will see results.

Opinions are welcome.

Regards

Mmohanar
Click to expand...
So old strategy Real trading k baad bologay sir I am wipe out in 7 days :lol:
 
P

praful.arora

New Member
#6
#6
For any strategy to be successful, it must stand the test of time. And frankly it can't be called a strategy without considering risk management, stop loss calculations, risk reward ratio, position sizing, and many other considerations. Wishing you all the best with your trial run.
 
A

ashokram1

Active Member
#7
#7
this technique was used by toby crabel, there is also a book on it .(google it !!)
yes it work in trending market only , not in weak markets. make sure to book profits as and when you get.
 
M

mmohanar

Active Member
#8
#8
Wednesday trade(01.04.2015)

9.45am high / low

Tatamotor 556.50/548
Axis bank. 562.30/555.25
Cipla. 714.40/709
Canara bank. 371.10/365.15
Lic hsg 441/433.10

Unfortunately I bought cipla @ 714.40 but it went to 716.50
After that it down to 703 and stop loss hit.I fixed stop loss 1%.

But except cipla all the scripts break high of 9.45am.
Made profit and closed in green.

Just 1 trade failure here.
We see Monday result.

Regards

Mmohanar
 
M

mmohanar

Active Member
#9
#9
Wednesday trade(01.04.2015)

9.45am high / low

Tatamotor 556.50/548 now 566.10
Axis bank. 562.30/555.25 now 569.80
Cipla. 714.40/709 now 709.95
Canara bank. 371.10/365.15 now 383.80
Lic hsg 441/433.10 now 446.30

Unfortunately I bought cipla @ 714.40 but it went to 716.50
After that it down to 703 and stop loss hit.I fixed stop loss 1%.

But except cipla all the scripts break high of 9.45am.
Made profit and closed in green.

Just 1 trade failure here.
We see Monday result.

Regards

Mmohanar
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
R What are best trading indicators? General Trading & Investing Chat 5
N Which is best, Invoice Discounting Investment or Trading? General Trading & Investing Chat 7
A Best market profile teacher in India Day Trading 1
D Best 0 brokerage broker for quick scalping ? Day Trading 23
raynor Best Time to enter Breakouts Day Trading 3

Similar threads