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Fake Breakouts

Discussion in 'Technical Analysis' started by sujan4bw, Aug 15, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Sure, I will do that.
     
    sanjay_sansanwal, Aug 16, 2012
    Share #21
  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Can I call u now or at 9:30?
     
    sanjay_sansanwal, Aug 16, 2012
    Share #22
  3. sujan4bw

    sujan4bw Member

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    shall we have skype call ..I will also join.
     
    sujan4bw, Aug 16, 2012
    Share #23
  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    I think u r handeling W break out quite good, it will be very good if u join us and tell ur opinions and exp.
     
    sanjay_sansanwal, Aug 16, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    I am fine with skype as well or you can call now as well. My Skype ID is shabbirbhimani
     
    shabbir, Aug 16, 2012
    Share #25
  6. sujan4bw

    sujan4bw Member

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    sure I will also Join. let me know ur skype ids.
     
    sujan4bw, Aug 16, 2012
    Share #26
  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Wait I am just creating my skype Id
     
    sanjay_sansanwal, Aug 16, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    Let's not hurry into things and fix a time tomorrow morning or afternoon.
     
    shabbir, Aug 16, 2012
    Share #28
  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    My Id is sanjaysansanwal
     
    sanjay_sansanwal, Aug 16, 2012
    Share #29
  10. shabbir

    shabbir Administrator Staff Member

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    :D Added. :D
     
    shabbir, Aug 16, 2012
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  11. sujan4bw

    sujan4bw Member

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    my id sujan.desai1.....I already sent request to both of you
     
    sujan4bw, Aug 16, 2012
    Share #31
  12. sujan4bw

    sujan4bw Member

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    you guys pls go ahead. Im not able to join the call.
     
    sujan4bw, Aug 16, 2012
    Share #32
  13. shabbir

    shabbir Administrator Staff Member

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    We are on call already
     
    shabbir, Aug 16, 2012
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  14. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Thanks shabbir for ur kind help.
     
    sanjay_sansanwal, Aug 16, 2012
    Share #34
  15. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Aug 16, 2012
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  16. ggchavhan

    ggchavhan New Member

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    Skype call

    So what is extract of skype call
     
    ggchavhan, Aug 17, 2012
    Share #36
  17. shabbir

    shabbir Administrator Staff Member

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    Sanjay has agreed to post that here soon.
     
    shabbir, Aug 17, 2012
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  18. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    I had long discussion with shabbir about how to handle the W breakout correctly and the conclusion is if a stock is in uptrend and volume also supporting then only we can consider stoploss as just below the (resistance) breakout candle (previous candle closing point of the break out candle).

    I have tried to explain in detail by attached chart here if any one has doubts can reply here or call to ask further.

    I think I have made all the points clear but if something is left then dear Shabbir plz update.
    I think It will be very helpful for new comers as well as old members too.

    Regards,
    sanjay
    9650697002.
     

    Attached Files:

    sanjay_sansanwal, Aug 17, 2012
    Share #38
  19. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    One more chart to make it understand more clearly from my actual call of yesterday.
    Shabbir plz review and also inform me that am I drawn it correctly and my points are ok or not.

    Regards,
    sanjay
     

    Attached Files:

    sanjay_sansanwal, Aug 17, 2012
    Share #39
  20. shabbir

    shabbir Administrator Staff Member

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    No I think there is still some confusions because you are getting confused with break out and W's.

    With Breakout you make the resistance as support and it can breakout with a formation of W

    With Higher tops, higher bottoms, you need to be using the former leg down as support.

    Time to revise chapter 8 and chapter 12 once again.
     
    shabbir, Aug 18, 2012
    Share #40
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