Bravetotrade
Education

THE CONFIRMATION

NSE:NIFTY   Nifty 50 Index
We generally talk about breakdown and breakout confirmations. I have tried to present what confirmations actually are and how they are traded.

Some traders use indicators for confirmations, but in this post i have discussed confirmations based on price action only.

Same strategy can be used for breakouts.

Notes on the chart.

Hit like/comment for better educational posts in future.
Trade safe, stay healthy.


Best Regards
Bravetotrade
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Comment: Fellows, should i link all my education posts with this one post. Just write 'yes'.
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Comment: Breakout in BataIndia today was a perfect example of BOS Method.
Very strong uptrend supported by overall market strength..no pullback.
Breakout candle was huge so no attempt for FB or TFB

Comment: Another example of a recent triangle breakdown in Nifty chart


Comment: Five possible PRR entry points in the Nifty chart.


Comment: Last Example: Nifty today. I know nobody trades 1 min. chart on Nifty but just have a look at it..just an e.g.


Comment: All the best.
Awesome explanation. Changed my novice thinking.
Sorry, I am new and have one question. In the first chart, you said buy position in PRR. But in second chart (Anticipating breakout), you said to take positions in e and g. Shouldn't we enter after confirming the breakout in that case? In the third chart(Range breakout) also, you are talking about taking positions in the range itself after confirming the range and not after the breakout.
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Bravetotrade sachin1337
@sachin1337, Thanks. The former case is about confirmation after a breakout while the latter about anticipating the breakout. So there is a difference. Now it's personal preference, if one wants to buy before the bo in anticipation of bo or after the bo. Hope it's clear.
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sachin1337 Bravetotrade
@Bravetotrade, Thank you sir. got it.
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sachin1337 sachin1337
@sachin1337, Also, is it applicable to other pattern breakout like triangle pattern etc.
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Bravetotrade sachin1337
@sachin1337, Flat top and base triangles could be easy , but symmetrical triangles could be tricky. Depends on timeframe also, there would be too much choppiness on smaller TF hence chances of hitting SL will be huge.
For that SL has to be placed on the other side of swing, to be on the safer side.
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sachin1337 Bravetotrade
@Bravetotrade, cool, thanks so much.
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Helo sir,
Wad would be the stop in fb method?
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Bravetotrade GowriShankar
@GowriShankar, It should be above prior swing high. The most aggressive stop would be above / below the break bar.
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GowriShankar Bravetotrade
@Bravetotrade, thnk u
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Nicely explained. short n crisp. thanks for sharing.
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