Learning to catch High Probability Breakouts

Rish

You have really nailed it here.But sometimes , how do you distinguish between a very good high probability trade and an average trade?

Not like that, it happens everytime....

Even in 2008 crash - See USD / NIFTY chart you will get some message

In 2009 April - See USD / NIFTY chart you will get some message

Sep'2013 reversal - See USD / NIFTY you will get some message

Now, again USD / NIFTY chart will give you perfect indication of reversal....but, our mind will never accept, because everybody has fixed there mind nifty rally 8000..9000..10000+++++ (which nobody knows)..

My simple point is believe your theory ....don't be double mind in this market...doubting your method is weak and others methods are superior..

Rish

You are right !!! I have posted Weekly charts of USD/INR and Nifty and highlighted the turning points.

Just i have shared my views...

This is Monthly USD Chart....and match with Nifty...exactly you can find out the turning points.

Definitely, if you watch closely, you can identify the turning point in Nifty (not at all a big deal - i am not challenging...just i am telling, use simple things).

Rish

Thanks for posting the chart.My Amibroker data is restricted to max of 5 months of data.That is why I have to refer charts from other websites.
Can you please share who is your vendor?

Global Data Feed and GCI...

Rish

Thanks for sharing , also do you use Professional or Standard version of AmiBroker?

Stardard version of Amibroker....

Infy and TCS if we get opportunity in swing, always sell on rise....Definitely we have to take trade, there you should never think about nifty will touch 7000 or 8000.....if we get a chance we have to trade......

Today TCS results,nothing great has happened....always you should trade on level or breakdown instead watching...otherwise it is waste of exercise...

Again Mcdowells, i am waiting for a short chance...(not now)....my minimum target 2352.....Please note not now.....i will post my chart...when it breaks down....just study purpose, please read mcdowell chart...

Rish

Please share your thoughts on McDowells.With a 300 rs gap up the stock recently closed at 2852.Your target of 2352 is 500 points below its current price.