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Posted on February 02, 2017 03:52 pm
How do we spot Intraday breakouts ? I have released an Youtube video on how to trade Breakouts Intraday and in the past price action article we have seen when not to expect a breakout. For traders who missed the last post can click the link Below.
http://www.technicaltrader615.com/price-action/when-not-to-expect-breakout-trade-in-intraday
As discussed in the youtube video we first want prices to cross yesterday high and close above the previous range. Then we need to see price sustaining above the Breakout point, the third we need a Big bar closing at the High to confirm the Long trade. The example image is attached above. For more information on price action course do call/watsapp @ 737333977
Youtube link: https://www.youtube.com/watch?v=xNs2_nWg-64&t=9s
More Price Action link: http://www.technicaltrader615.com/price-action/technical-chart-analysis
Happy Trading !!!
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Technical trader is born out of passion. Passion to learn, Trade and share about Technical analysis of the Stock Markets. We all know context is the important aspect of technical analysis. The Sustenance of a big move or a breakout of a particular stock depends on the context in which the breakout is happening. As a Traders coach we teach you how to develop context and trade the stock market. Especially the Nifty and the Bank Nifty.
PrasunFebruary 11, 2017 at 01:01 PM
What time frame is this applicable ?
AdminFebruary 11, 2017 at 01:03 PM
This strategy is based on 5 Min time frame, Pure intraday