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Highprobabilitysetup

Mothersumi support @cmp. High probability trade.Hello traders another chart that caught my eyes was Mothersumi, I have analysed and traded it in the past. Mothersumi is taking support from it's long-term trendline and also from the existing channel pattern it is trading in. RSI have room for bulls. MACD looks good. Buy near - 210-215 Targets mentioned in the chart above Follow me for updates on stocks and Indices and so you don't miss potential trades. And also like the idea if you find it useful.
MLong
by this_is_shoaib
POSITIONAL TRADING WITH STRONG STRUCTURES (BASF INDIA)There are many ways that one can trade in markets and make money but the best way one can make money from trading stocks is positional trading where one catches big moves with fewer efforts and time and it's not stressful as compared to intraday and swing trading. So here I am sharing a Trade analysis of BASF INDIA which explains How you can combine price action, Market structures, and smart money concepts together to find the best high probability setups possible to trade. Trade Analysis I have shared on charts Hope you enjoy and learn something new from it👍 FOR MORE IDEAS PLEASE SUPPORT BY SHARING THE ANALYSIS AND DO FOLLOW AND LIKE. IF ANY DOUBT ARISES DO COMMENT DOWN BELOW I WOULD LOVE TO HELP YOU. - Pranesh Sahoo
NSE:BASFLong
by PraneshTrades
CRYPTO HIGH PROBABILTY SETUP FOR BIGGER GAINS (CHAINLINK USDT)Crypto is the most thrilling thing that one can trade as the price moments are very volatile like supercars speed on the highway. Due to these volatile price moments and the fact that the market remains open 24 x 7. It gives big returns within less period of time and also when it falls it falls badly. So trading it one can make a fortune out of it and also one can lose his entire capital within seconds. So it's very important to have a good probability setup based on PRICE ACTIONS as it works almost everywhere in the world and also you need to have to make a trading plan in such a way that it eliminates emotion out of trading as we all know in trading SKILL are just 10% and execution and risk management is also just 10% rest 80% is emotion and psychology. So the best way to eliminate emotions is to keep a stop loss such that even if it hits 10 times in a row you are not affected by it and when you make money you make a good chunk of money in one trade. That can be done by taking trade-in important areas where there is LIQUIDITY and BIG MONEY is also present to entre in the trade. So here I am sharing analysis of CHAIN/USDT where the plan is to take the trade-in such an area where above liquidy is there and once taken out gives a very big move within no time and if fails also there is a short-selling idea that one can execute to catch the downside also in case of surprise events or shakeouts. Trade Analysis I have explained on charts. Hope you enjoy and learn something from it👍 - Pranesh Sahoo
Long
by PraneshTrades
How to Execute the Trend trading system?Look for Low risk, High reward, and High Probability setups. – Richard Weissman Scenario Many traders get destroyed by fighting the trend, insisting that the market is due to reverse itself or they try to chase the market. They may try to catch short-term countermoves in hopes of making a few quick points, or they may always look to catch tops and bottoms in hopes of capturing the big moves. All these traders end up trading against the longer-term trend and against the odds. How to find low risk, high reward, and high probability setups? Use of Trend Following indicators for High Probability trading A-Use of Moving average. If you just jump into trades because the market is trending, you will be guilty of chasing the market. You have to remember that the market will never go in one direction nonstop, the market typically congests or retraces after a strong move. When the market is trending and you are looking for a place to get in, wait for it to retrace to one of the moving averages or trendlines. When the price is just riding on the moving average or trendline, your downside risk is smallest because you know you will be out as soon as it breaks the line. B-Use of ADX (only for conformation) The ADX does not tell you the direction of the trend; it only tells you if there is a trend and measures how strong it is. On its own, the ADX lags price action and is not a great indicator, and so one should not use it to trigger trades. Instead, it should be used as a way to get confirmation of whether the market is trending or choppy and how strong it is . The level between 20 and 30 is considered neutral. The higher the level, the stronger the trend. When it is rising, one should trade only in the direction of the trend. When the ADX is below 20, you can consider the market to be choppy and range-bound, and a trending system will not work well, resulting in whipsaws. Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX, the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Closing Words- A successful trader will trade primarily in the direction of the major trend, waiting for retracements to get in.
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NSE:WIPROEducation
by Indrajit08
61
How to Trade a Breakout?Breakouts are the high probability and low risk setup. These Setup occur mostly when the stock is in a consolidation state forming either but not limited to the below mentioned patterns: 1. Ascending, Descending and Symmetrical triangle 2. Channel Consolidation Pattern 3. Rising Wedge 4. Falling Wedge 5. Support (Demand) and Resistance (Supply) Breakout 6. Moving Average Breakout So, what makes Breakouts a low risk setup? Usually when such breakout happens, a good risk reward ratio can be achieved, because usually in such cases, Stop Loss is kept just few points above/below the support line/trend line. Please note: Stop Loss should not be very tight and there shall be some leverage in case the stock retraces back. What Can be learnt from this structure? Stock Under Consolidation taking Support from the trend line Closing below the Trendline 50 EMA broken and closing below that What next? Stock might retrace back to the trend line and resist the same and then make a fresh fall. To confirm the entry, another continuation candle or a bearish candle near the entry would be the best possible scenario.
NSE:VOLTASShort
by TheDayTrader1010
How to find a High Probability Trade?A high probability trade is a trade that has a greater chance of success than a regular trade. So, how can you find these high probability trades? There are a few things that you can observe to find that golden confluence of various important things such as a support level, demand zone, Fibonacci level, moving average, volume, RSI, etc. The confluence zone can be a combination of any of these things. In the example above, you can notice the following things: 1. The market structure is bullish before the breakout, which is evident from the formation of higher highs and higher lows. 2. The price is consolidated in the rectangle/parallel channel for a good amount of time. 3. As soon as the price reached the previous support level, the selling pressure started to decrease. 4. When the price touched 200MA/EMA, the buyers stepped in and there was a good buying. 5. The 0.618 Fibonacci level also acted as a support and overlapped with the 200 moving average. 6. The buying pressure can be seen by an increase in the volume in the last few sessions before the breakout. 7. When the price breaks above the previous major resistance with a massive bullish candle, there is a massive volume expansion. 8. We always look for some reversal or neutral candlesticks in the confluence zone. In the chart above, at the point of interaction with the moving average and the Fibonacci level, we can see the formation of hammer candlesticks and spinning top. High Probability trade checklist: 1. Market structure 2. Consolidation before the Breakout 3. Support-Resistance levels 4. Supply-Demand zones 5. Location of 200MA or 200EMA 6. Overlap with a Fibonacci level 7. Candlestick pattern and the size of candles 8. Volume expansion You can read and revise this post until you master the concepts. I hope you find this post useful. Also, if anyone is interested in getting a PDF version of this thread, then you can message me, I'll provide it. Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers!
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HEducation
by johntradingwick
397
SAIL Triangle breakout - Here is How one should set a good trade1) Some useful knowledge : Triangles can be best described as horizontal trading patterns. At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows, and the point of the triangle is formed. In its simplest form, the triangle shows losing interest in an issue, both from the buy-side as well as the sell-side: the supply line diminishes to meet the demand. Think of the lower line of the triangle, or lower trendline, as the demand line, which represents support on the chart. At this point, the buyers of the issue outpace the sellers, and the stock's price begins to rise. The supply line is the top line of the triangle and represents the overbought side of the market when investors are going out taking profits with them. 2) About the entry : So far, we have seen two triangle patterns: one from an uptrend and bullish market move and one from a downtrend with a decidedly bearish look. Symmetrical triangles, on the other hand, are thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. The market seems listless in its direction. The supply and demand, therefore, seem to be one and the same. During this period of indecision, the highs and the lows seem to come together at the point of the triangle with virtually no significant volume. Investors just don't know what position to take. However, when the investors do figure out which way to take the issue, it heads north or south with big volume in comparison to that of the indecisive days and/or weeks leading up to the breakout. The breakout generally occurs in the direction of the existing trend. But, if you are looking for an entry point following a symmetrical triangle, jump into the fray at the breakout point. 3) LEVELS: STRONG close above 130 on 30min and sustaining there for another 30 min that will make a close of 1hr candle will give good momentum for the stock. Stop-loss can be set at 125.45 as it is a small swing low also will make the stock come back to the pattern, Targets of 140 should be eyed on
NSE:SAILLong
by Averoy_Apoorv_Analysis
11
ITC WAIT AND WATCHLast week market was overall bullish and sellers had a full control over market. It is still seeming weak and will be in same condition in upcoming weak as per my analysis but as we know that market can change its direction any-time so we can not relay only on analysis. So in ITC chances are too high that market will open in downward side but there is a also small chances to open market in upside so wait until 9:45 and after that enter into market accordingly. PUT Stop Loss and Take Profit targets according to your own Risk Appetite. Happy Trading. :-) Note : Trading foreign exchange and stocks on margin carry a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stocks you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all risks associated with stock and foreign exchange trading and seek advice from an independent financial divisor if you have any doubts. I am not a licensed financial advisor and this content is not financial advice.
NSE:ITC
by TraderParth
3