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How to anticipate Price Action Breakouts ?

Posted on September 07, 2016 10:05 am

 
 

Thru price action there are atleast 7 diff ways to anticipate a Big Breakout, I would be explaining one of them today. We use a Concept Called NR7. NR7 means narrowest range in the last seven days. The High - low of the last seven days is calculated. If the recent day has got the minimal High - Low then its a potentical candidate for a Breakout trade next day.

Now Day traders approach the Breakout in a different way than the swing trader. Day trader take directions based on which the prices cuts first, the high or the low of the previous day. Swing traders would want a close abve the NR7 day.

More can be understood on other breakout modes and ways to execute the trade to Buy or Sell for Day traders as well as swing traders. I take a one to one Advanced Price Action course ( I dont consider patterns like HS,DB  as price action..)

Call me or wats app me @ 7373339777 for any doubts.

Happy Learning and Trading !!!

Cheers....

 

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ABOUT TECHNICALTRADER 615

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.

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