15 min. Breakout - tradingisfishing

[manojtalreja]

Thinking out aloud here
1. We can look at pre market data for %chg to be greater than 1 or 2 % and also traded volume to overall market cap being at some ratio like 0.01
2. Looking at momentum stocks like where daily RSI is greater than 70 for previous day, which is also greater than day -2 . These stocks as shortlist for up breakout and vice versa for down breakout. Then looking at premarket data or first 5 min candle rsi to be greater than 60 or 70.
I tried these today and for point 1 I got about 2 FNO stocks but they only travelled about 1 to 2 % today while for point 2 I got about 10- 11 FNO stocks with top being 5 % chg and lowest being -ve 0.5% chg for the up breakout. Since don't have amibroker, will manually test these for some days forward

 

[MSN1979]

DHFL MINDTREE LUPIN

 

[MSN1979]

Last week Trade Summary 11th mar 19 to 15th mar 19

Total No Of Trades: 15
Total Wins : 2
Total Losses: 11
No profit no Loss Trades: 2
Personal Error: Coal India and Indibulls exited early as preventive action to save capital ( DID NOT WORK)
P&L = - 1.8 %

 

[MSN1979]

 

[MSN1979]

IOC NTPC

 

[bearraghu]

Technical indicators really work.

 

[MSN1979]

Technical indicators really work.

Teach me what works

 

[MSN1979]

 

[manojtalreja]

MSN1979, Appreciate your dedication here. Below is the FO Stocks list I have all on paper : Nifty Green as advances more than decline in Preopen Market, Ratio of Value in Crs to Market cap >=0.01 & finally Preopen %Chg >1 (Removing Reliance and Jpassociate and anything less than 50Rs)

 

[MSN1979]

MSN1979, Appreciate your dedication here. Below is the FO Stocks list I have all on paper : Nifty Green as advances more than decline in Preopen Market, Ratio of Value in Crs to Market cap >=0.01 & finally Preopen %Chg >1 (Removing Reliance and Jpassociate and anything less than 50Rs)
View attachment 34004

manoj ji, very impressive study, interestingly even market is up mind tree is down and your comment says avoid it, it ends up highest return!

Is it really trading or just probability?