Going To Post One Example For Breakout Trade Which I Said to Share Few Days Back
I Am Not Saying You Will Find Setup Like This daily But Whenever You Will Find It Will Definitely Give You Best Reward
So If You Find This Useful Kindly Share And Retweet For Learning 🙏🙏🙏
Setup Used :
🔶Exponential Moving Average( 21 )
🔶Standard Pivot Points
🔶Volume Chart
🔶Manual S&R and OR
One Can Easily Find Trade Based On This Setup And Can Easily Earn Good Money In Cash Trading
Lets Learn How To Use It IN Live Market
1.) IBUL Opened Gap up ( Above PDH )
2.) Marked OR H&L And Saw That OR High
& R2 is Nearby Hence We Will buy Above OR High
3.) Once OR High Broken Entry HAs Been Triggered With SL As Given In Chart
4.) Once OR High Crossed Movement Was Too Fast And Stock Crossed R3.
continue...
5.) So IF You Want To Add More Quantity You Can Add And Scale Up Position So That We Can Maximize Our Profits
6.) Now Keep Trailing Your SL Once you Get 1:2 RR Book Your Position Or Keep Your SL At Cost
7.) If You Want To Ride Complete Trend Then Keep Trailing Your SL As 21 EMA
8.) Once 21 EMA is Broken Completely Exit From Position
As You Can See In Below Picture That Once 21 EMA is Broken Trend Completely Changed Hence Follow Rules Strictly Because We will Follow Trend
