Learning to catch High Probability Breakouts

[Rish]

Rish

Were you bullish or bearish on Jubilant Foods?

Already Bearish and nearing to last level i.e. 946.......breakdown level was 1019.68....weak...

 

[amitrandive]

Zeel S/l 268.97 hourly candle close.......again short at top 281.80.......if it goes..

Rish

In this case , where the trail stop is very near, do you book profits and re-enter again ?

 

[amitrandive]

Already Bearish and nearing to last level i.e. 946.......breakdown level was 1019.68....weak...

I misunderstood , that you were bullish, hence I expected it to cross 1100 levels before buying it.

 

[Rish]

Rish

In this case , where the trail stop is very near, do you book profits and re-enter again ?

Definitely i book profit and exit, why we should break our head...if the trend is changing....we should obey the rule......

We are not the creators of the trend....if market says...we have to accept...

 

[amitrandive]

Divergences

 

[amitrandive]

Some beautiful truths about Trading, I posted in another thread.

 

[Rish]

Zeel S/l 268.97 hourly candle close.......again short at top 281.80.......if it goes..

Still Zeel short position is running.....candle close has not happened (hit and run case)....(always candle closing is important in Positional and Swing - Daily or Hourly).

 

[amitrandive]

Still Zeel short position is running.....candle close has not happened (hit and run case)....(always candle closing is important in Positional and Swing - Daily or Hourly).

Rish

It means that even for Swing/Positional trading , we need to keep an Hourly watch on the market???

 

[Rish]

Rish

It means that even for Swing/Positional trading , we need to keep an Hourly watch on the market???

To keep our profit intact......i always follow....that depends trader to trader..

 

[amitrandive]

To keep our profit intact......i always follow....that depends trader to trader..

Does this also involve not putting a physical stop in the system.Because the trail stop would have been hit already?