Breakout : DHFL


Comments

Post a Comment

Popular posts from this blog

Tools for Breakout Trading

Image
It's a popular trading method and shows results (Profit or Loss) instantly. A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock trades beyond the price barrier, volatility tends to increase and prices usually trend in the breakout's direction. The reason breakouts are such an important trading strategy is because these setups are the starting point for future volatility increases, large price swings and, in many circumstances, major price trends. A few pointers for Breakout trading: 1. TRADE BREAKOUTS IN THE DIRECTION OF THE TREND 2. WAIT FOR HIGHER VOLUME TO CONFIRM A BREAKOUT 3. ENTER ON RETEST OF SUPPORT OR RESISTANCE 4. TAKE ADVANTAGE OF VOLATILITY CYCLES 5. HAVE A PREDETERMINED EXIT PLAN 6. SAVE TIME BY SCANNING FOR BREAKOUT CANDIDATES ...
Read more

Trading Lessons From Market Wizards - MUST READ

What if you could read the principles for success for some of the world's greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the 'Market Wizards' he spent years interviewing in his books. I Have prepared a PPT- contains trading gems , which can be downloaded from this link : Download Link Snippets are here   It Is Absolutely Necessary To Have An Edge : You can't win without an edge, even with the world's greatest discipline and money management skills. If you don't have an edge, all that money management and discipline will do for you is to guarantee that you will gradually bleed to death. Incidentally, if you don't know what your edge is, you don't have one. Money Management and Risk Control Money management is even more important than the trading method. The Trading Plan * Never risk more than 5% of your capital on any trade. * Predetermine your exit point before you get in a trade. T...
Read more

Trendline and Channel Live examples

Image
Trendlines are a relatively simple tool that can be used to gauge the overall direction of a given asset, but, more importantly, they can also be used by traders to help predict areas of support and resistance This means that trendlines are used to identify the levels on a chart beyond which the price of an asset will have a difficult time moving. In the context of technical analysis, a channel is when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. Trendlines are a great tool, showcasing short-term trends within the overall trend. Pay attention to price action and always consider it when using trendlines. If the price makes lower lows and lower highs, it's still a downtrend even if the price moves above a descending trendline. If the price makes higher highs and higher lows, the price still has an uptrend even if it moves below the trendline. Today's E...
Read more