60 minutes range breakout

Ajax

Ajax

Well-Known Member
#42
#42
Dear 60min breakers

My Todays trades on 60 min brkouts

HPCL see chart
IPCL
ABB
Bhel

enjoy

Ajax
 
Last edited:
W

winstonn

Well-Known Member
#45
#45
Hi Biyasc,

let me first appreciate you for your hearty sharing of the method.

Well, i suggest some filters. Hey! they are not indicator filters!
but they are based on two universal law of the markets:

1) check the higher time frame and take the trade accordingly

2) market volatility is almost cyclical than price, this means low ranges follow large ranges.
so trade only those breakouts where ranges are low,( as mentioned by Ajax ) this minimises our risk , and increases the possibility of large range which we as a trader want.

as i have college during market hours, i request other members to use these two filters and express your success rate!

AUM,
Winston
 
B

biyasc

Well-Known Member
#47
#47
winstonn said:
Hi Biyasc,

let me first appreciate you for your hearty sharing of the method.

Well, i suggest some filters. Hey! they are not indicator filters!
but they are based on two universal law of the markets:

1) check the higher time frame and take the trade accordingly

2) market volatility is almost cyclical than price, this means low ranges follow large ranges.
so trade only those breakouts where ranges are low,( as mentioned by Ajax ) this minimises our risk , and increases the possibility of large range which we as a trader want.

as i have college during market hours, i request other members to use these two filters and express your success rate!

AUM,
Winston
Click to expand...
thnx winston. generally i use 1-2% range breakout.
 
Last edited:
B

biyasc

Well-Known Member
#48
#48
hi, just look at hindalco high/low price for today & yesterday. yesterdays high price of hindalco 155+ & low price 153+, till 10:41 am hindalco's high is 155+ & low is 153+. so after 10:55 am (60 minutes from opening bell) if it break 156 on the upperside then some upmove may come on this counter, in that case one can use 153 as stoploss. at the same way after 10:55 am if it break 153 on the downside, then one can use this opportunity as shortsell with a stop loss above 156.

this is just a trading idea pop up in my mind based on the thread title. i do not have any intention to provide a so called hot tips. so please dont critic on this post & try to share your views on this post.

regards,
biyas.
 
B

biyasc

Well-Known Member
#49
#49
biyasc said:
hi, just look at hindalco high/low price for today & yesterday. yesterdays high price of hindalco 155+ & low price 153+, till 10:41 am hindalco's high is 155+ & low is 153+. so after 10:55 am (60 minutes from opening bell) if it break 156 on the upperside then some upmove may come on this counter, in that case one can use 153 as stoploss. at the same way after 10:55 am if it break 153 on the downside, then one can use this opportunity as shortsell with a stop loss above 156.

this is just a trading idea pop up in my mind based on the thread title. i do not have any intention to provide a so called hot tips. so please dont critic on this post & try to share your views on this post.

regards,
biyas.
Click to expand...
hi, till 3:28 pm hindalco unable to break 156 on upperside, also unable to break 153 on the lower side.
 
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