Learning to catch High Probability Breakouts

Amit

Just mentioned earlier, all my levels.

HCL Tech

Rish

Posting my take on Cipla(Futures Chart)



Great breakout trade.Though would like to enter on a retrace around 390 levels
Stop 380.Likely targets 430/450.

@ Rish

Thanks for the charts an analysis.Ranbaxy is a scrip I would trade with much caution.Is capable of wild swings on high volatility.Had a huge gap down in January.Generally this scrip is reacts on US news and has strong reactions in the Indian markets the next day.

@Rish

See this article , that is why I am cautious about pharma stocks.But atleast by our analysis we can catch the breakout and get some profits.

http://www.traderji.com/general-tra...ney-markets-method-madness-36.html#post955322

:thumb:

Normally i will never go by any news or any anticipation..one thing i am sure, well in advance price has given indication as per the news..

Moreover i will believe myself rather than news/forecast.etc...

I will never bothered about any news...i will follow the strategy what i have fixed...loss or profit all in the game....

In this market, if you start seeing news/forecast/deep analysis...then we will go mad one day...

If you read all charts...before any bad or good news, price use to tell you the fact in advance....

Starts from Harshad Mehta Scam / Khetan Parikh Scam / Tech Rally & burst / 2008 crash...still my journey goes...so, my point..be a profitable trader..don't try to be technical person...(End of the day we should have money in our pocket...simple).

Above views is not demotivating you to deviate your policies.....

Normally i use to trade positional calls, so, i use to select some scripts, will study entire movement. Once, I will get the entry,strictly take trade,no second thoughts, because we have clear s/l and targets and no torture on small time frame movements.

I am using Fibonacci Levels with Gann (simple logics) and ensure that my entry point is right (not necessary 100% perfect) to enter into trade.



Always in gann Important Days if market reacts, i have seen it will be good move. Above Gann chart of Ranbaxy Enclosed.

For your information, just verify Gold fall, it would have happened on Gann Important Day alongwith Fibonacci Breakdown.

Moreover, my final point, always i will determine Stop Loss first, rest everything is secondary for my trade.

I will share more information in due course.

An update on all Stocks discussed till now

Aditya Birla Nuvo(Enter Date:29th March 2014)
CMP:1103.9
Buy Price :1070
Initial Stop:1030
Trail Stop:1060

Hindustan Zinc-I(Enter Date:31st March 2014)
CMP:133.9
Buy Price :129.15
Initial Stop:115
Trail Stop:126

Ranbaxy(Enter Date:2nd April 2014)
CMP:466.5
Buy Price :377
Initial Stop:350
Trail Stop:440

HCLTech-1(Enter Date:2nd April 2014)(Short)
CMP:1385.5
Short Price :377
Initial Stop:1460
Trail Stop:1440

Cipla-1(Enter Date:9th April 2014)
CMP:402.7
Buy Price :402
Initial Stop:380

Please change the price