Intraday Breakout Example today : AuroPharma


Comments

Post a Comment

Popular posts from this blog

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

Know your Orders

Image
There are many ways you can buy and sell using different types of orders, and each way serves a purpose. Here are the basic trading order types, and when you will want to use them. Allowing market to hit your order ( trigger your  entry ) is KEY learning in my trading journey. 01. Market Orders : Simplest order type to quick buy and sell. The issue with market orders is that you don't know the exact price you are buying or selling at.Sometime this may results in big slippage. 02.Buy Limit Order : This order is place below the current price and filled only at or below the limit price .                                                                                                                ...
Read more

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