Trading setups

Not a bad day

Market was very bullish today, after results from companies like Citigroup and Google .I didn’t even look for any short setups. I made 4 trade all of them long , 3 green 1 red.

Thoughts on tape reading

My friend obatrader post this on my request.

5 intraday setups for short selling

5 winning scenarios for short selling

From yesterday's trade

I had problems uploading charts yesterday,so they are bit late.

Retracements ,Range bound trading & Reversals

Very common but effective setups

Five Ways To Improve Reliability And Profitability Of Breakouts

The 4 Characteristics of Strong Breakouts

Volume & breakout

EXPO

ABI

More than average volume is must for a successful breakout. Breakout means Stock is breaking significant level of support or resistance. In an uptrend if the volume is enough to lift the price above the support level but not big enough to hold at the support than there is a possibility of disaster .So when we enter a breakout trade volume is the most important thing to look for .

Photos from the beach

The same mistake again

Though the market was bullish but FRX was showing some weakness. I entered in the 10 o'clock break-out (break-out with huge volume) but I exited too early and I missed the whole run.

Trying to be a photographer

Light & shadow 2

Short from ORH