1000% in 3 days.........where's that time machine when you need it
BTW here's a 5 year chart, looks like it's done it before.
cheers
I would have thought this thread was more successful because the stocks had already broken out.Had a bit of a look at both threads to see how things turned out walking forward with those stocks ticked for a Breakout Alert or Potential Alert.
While not an exhaustive study the Breakout Alerts appeared to be the more successful.
I would have thought this thread was more successful because the stocks had already broken out.
The idea of the potential thread was to create a watch list of things that were heading towards breakout and either take a position in anticipation and manage the trade, or watch it closely so that you could enter as the stock was breaking out gaining maximum exposure to the break. Many of the outstanding breakouts were being called too far after the fact, thus missing the upside. The very nature of the potential thread meant that a stock was coming up to significant resistance and thus, there was a probability it would fail.
I think your other thread will gain traction tech.
I would have thought this thread was more successful because the stocks had already broken out.
The idea of the potential thread was to create a watch list of things that were heading towards breakout and either take a position in anticipation and manage the trade, or watch it closely so that you could enter as the stock was breaking out gaining maximum exposure to the break. Many of the outstanding breakouts were being called too far after the fact, thus missing the upside. The very nature of the potential thread meant that a stock was coming up to significant resistance and thus, there was a probability it would fail.
I think your other thread will gain traction tech.
I'm not exactly sure what you mean tech.Resistance seems to me to be a poor indicator of a Potential Breakout threat of failure.
I'm not exactly sure what you mean tech.
To me the term resistance implies a stock has come up against a point which has previously been a stopping point. The more times a stock has reversed from that line, the more resistance, and the more outstanding a breakout will be.
How can a stock 'breakout' if there's no resistance?
You seem to be implying the importance of volume. Of course.
Must be combined with S&R surely?
Yes, I agree, and the thread seems to have been poorly managed.Classifying a stock as a potential breakout on the basis that its at resistance or close to it is a poor method of identification as a STAND ALONE criteria.
Resistance wins more often than not.
However there are strong citeria which when added to analysis of price at or near resistance can give better qualification to "Potential Breakouts".
The best qualification IS a BREAKOUT.
The necessity of getting on before a breakout isnt worth the massive watchlist in my opinion.
Just trade the breakouts! (those qualified by other analysis criteria).
Yes, I agree, and the thread seems to have been poorly managed.
I think one of my original criteria was for a stock to be approaching resistance on volume, but it was lost.
Do you think that approaching significant resistance, on volume, would be a better criteria? Or, just that it has to have broken first?
Is there any purpose at all in identifying stocks aproaching significant long term resistance?
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