Learning to catch High Probability Breakouts

[Rish]

Rish

HCLTech-1 made a low of 1338.75 yesterday and closed at 1407.9.Should we have exited at 2nd target of 1350 or waited for EOD?With Infosys results on Tuesday,maybe IT stocks will rally and HCLTech may hit our stop loss.
What should be the course of action.Please advise.

HCL Tech reversal s/l hit 1359.60......no fresh buy....only short position is closed

In case of Infosys i was planning to go short for results on closing hours...but, price closed above 3188.80...so, no position on results...no assumption...

 

[amitrandive]

HCL Tech reversal s/l hit 1359.60......no fresh buy....only short position is closed

In case of Infosys i was planning to go short for results on closing hours...but, price closed above 3188.80...so, no position on results...no assumption...

Rish

For EOD positions , should we have an hourly exit ?
Also is the Trailing stop loss based on Hourly Time Frame or EOD?

 

[amitrandive]

An update on all Stocks discussed till now


HCLTech-1(Enter Date:2nd April 2014)(Short)
CMP:1385.5
Short Price :1425
Initial Stop:1460
Trail Stop:1440

HCLTech-1
Enter Short:1425(Enter Date:2nd April 2014)(Short)
Exit Price:1359(Exit Date:11th April 2014)
Profit Points: 66
Market lot:250
Total profit: 250*66=Rs 16,500
:clap::clap::clap:

 

[Rish]

Rish

For EOD positions , should we have an hourly exit ?

Because, any script starts falling from one top point, it never goes straight to bottom level...

In between there may be so many cycles which will trap the swing/intraday traders before resuming the main trend....

Always i use Daily Closing on One Cycle for entry, exit and re-entry i will use other cycle with hourly closing....it all depends how we read strategy...

 

[amitrandive]

Latest Position

 

[XRAY27]

Good going ...

Nice analysis amitrandive and rish by the way HCL tech is showing 3 hills and mountain pattern refer for this

http://www.surinotes.com

 

[amitrandive]

Good going ...

Nice analysis amitrandive and rish by the way HCL tech is showing 3 hills and mountain pattern refer for this

http://www.surinotes.com

XRAY27

Thanks for the link!!!.Amazing information on that site.
:thumb:

 

[Rish]

S&P something is cooking....

One is based on Gann and another one is Simple Trendline....

Whether History Repeats or Breakout.....I am leaving the judgement to individuals...

 

[amitrandive]

Some Good Breakout Patterns

 

[Rish]

Rish

You caught a fantastic breakout in Ranbaxy.Please share your analysis on that.

Ranbaxy last 4 session tried to close above 471.68 (EOD close) not happened...this is high point to exit on longs in Ranbaxy...

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