BreakOuts

[jaykiru]

In EOD Aftek info in channel...

 

[karthikmarar]

Hi Guys

Nice to see the great interest shown in breakout trading

Just dug out a few posts which will throw some more light on breakouts..

http://www.traderji.com/18188-post50.html

http://www.traderji.com/18250-post55.html


regards

karthik

 

[tanewbie]

many midcaps gave breakouts today
attached is charts of some of them

 

[aad]

Re: Aftek Info

Well, after breakout, usually the broundry from which breakout has taken place will serve as S/R level. About volumes, if the volume on pullback is very low as compared to volume on breakout, we can assume that the pullback has just shaked a few weak hands or profit-takers and the smart money is still in the trade.


One can take into account S/R and wait for the price to cross but then its a question of individual philosophy and risk taking capability as well. Usually the stocks follow the measuring formula of a pattern but the trend may falter at S/R level. A time stop at those levels along with price-volume level will help the trader in deciding upon his next course of action.
IMHO, breakout was a valid opinion.

Further, about leaving or taking a trade, we are dealing with probabilities over here and perfect setup's are hard to come across in real trading life and we have to take risk in trading but certainly a trader has to take only those trades with which he is comfortable with. There are hardly any Black/White trading methods in markets. All of them has more or less shades of grey which is reflected in the word "probability".



I will also like to see how experts see the things. Waiting for their comments.

Best Regards,
--Ashish

Thanks again for this detailed reply. This alongwith links given by Karthikmarar are definitely proving useful to me.

Thanks from heart for your sharing spirit.


Regards,

Abhay (AAD)

 

[aad]

Hi Guys

Nice to see the great interest shown in breakout trading

Just dug out a few posts which will throw some more light on breakouts..

http://www.traderji.com/18188-post50.html

http://www.traderji.com/18250-post55.html


regards

karthik

Thank you SIR for these posts. They are really proving useful to me.

One question : As it appears, you have a convenient way of storing / marking different posts / threads for easy retrieval later. If so, how to do that ? How to store them on your hard-drive (say a complete thread) ? At times I have come across very informative threads but they are now just lost somewhere in this jungle of information. Would appreciate your help on this..

Regards,

Abhay (AAD)

 

[aad]

Hi Guys

Nice to see the great interest shown in breakout trading

Just dug out a few posts which will throw some more light on breakouts..

http://www.traderji.com/18188-post50.html

http://www.traderji.com/18250-post55.html


regards

karthik

Interestingly, I also found a useful thread in which an Explorer formula for finding easy breakouts is given ( http://www.traderji.com/software/1725-scanning-breakouts.html ). Might be interested to many. I did not check it extensively but found it giving lot of good breakouts.

I honestly feel that one should not use such explorers till the time they can manually find these opportunities by scanning scrips visually. These tools are to be used later when you start trading automatically (Osho calls this "by instinct"). I like "reading" such formulae to analyse the psychology of these authors. Its the essence of their hardcore, sweaty experience.

Best regards,

Abhay (AAD)

 

[sivavkm]

Hi Guys

Nice to see the great interest shown in breakout trading

Just dug out a few posts which will throw some more light on breakouts..

http://www.traderji.com/18188-post50.html

http://www.traderji.com/18250-post55.html


regards

karthik

Dear Karthik,

Thanks for pointing to such a great thread on breakouts - Karthik, Ajay, Amitbe, Saint... - somany great writeups in one thread !!!

A must read.

Thanks & Regards
Siva

 

[srisara]

wow!

this is what i told to myself, after reading all the posts in this thread today.

We are in full speed here.. keep em coming..

Satya

 

[Alleppian]

This is becoming a good learning area for beginners like me.So nice to see experts analysing the different aspects and expressing views in their own angle.Hope to see more contributions/opinions from seniors so that this thread will be an excellent learning point.
Thanks to srisara for starting it

 

[cemcompusoft]

Hello Satya,

Very good thread started by you. Attaching charts with technical comments is good for TA 'student' like me. Request all others to post their comments with their charts, like Satya & Winstonn.

Thanks again.

K S Kachhwaha