Outstanding Breakout Alerts!

[mr. jeff]

Re: OUTSTANDING BREAKOUT Alerts!!

Some follow up on the YTC breakout previously discussed;



My own critique on this trade was that after my test lot moved 10% I should have entered at 0.43 aggressively, then again at 0.51, so my second entry was mis-timed.

The gap up was a promising (and lucky) move which didn't hold, with the subsequent price action convincing me to sell the entire lot and wait for a fresh breakout above 0.60 further down the track. Although this was a profitable trade, with fine tuning and larger first buy (after a test lot confirming) the rewards could be greater with little increase in risk.

I am interested in hearing anyone's comments and analysis.

 

[breaker]

Re: OUTSTANDING BREAKOUT Alerts!!

Its a wonder you wrnt stopped out at 35 on first buy

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

Its a wonder you wrnt stopped out at 35 on first buy

Depends on the position of the stop.

 

[breaker]

Re: OUTSTANDING BREAKOUT Alerts!!

that is true I should hav said min would have ben 35....as it was stopped out to soon which does happen

 

[Market Depth]

Re: OUTSTANDING BREAKOUT Alerts!!

Forgive my computer generated P&F chart. I normally draw them by hand They look much better.

PDN poking it's head up for a look around on a 2 year high. I'm already in this trade. But looks like it should push higher into the $5.50 zone. Good support @$4.90 which has been tested several times.

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

Depends on the position of the stop.

While you could use an intra day stop My testing has shown that selling on close and on next open to be the most prudent in any time frame

 

[Market Depth]

Re: OUTSTANDING BREAKOUT Alerts!!

One Steel (OST) 'Popping Up' after a long down trend

 

[sammy84]

Re: OUTSTANDING BREAKOUT Alerts!!

While you could use an intra day stop My testing has shown that selling on close and on next open to be the most prudent in any time frame


View attachment 41008

Sorry tech don't understand. Do you mean that if your stop is triggered intra day you will then close out the position at the end of that trading session? Or do you close out the position on the next open?

 

[breaker]

Re: OUTSTANDING BREAKOUT Alerts!!

tech/a has used that method to much sucess

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

Sorry tech don't understand. Do you mean that if your stop is triggered intra day you will then close out the position at the end of that trading session? Or do you close out the position on the next open?

Sam
If the stop is CLOSE not trading below a level you would need to wait for the close (In some cases you could close that night if discretionary) but in the majority of cases and my preferred stop exit is on the open of the next days trading.

Sure sometimes you'll get a lower price as it gaps down at other times the same as the close and strangely often a higher price than the close last night.
At which time DONT be tempted to hold it!

 

[tugga]

Re: OUTSTANDING BREAKOUT Alerts!!

NOVOGEN NRT.AX

Up 66% today

http://chart.finance.yahoo.com/z?s=NRT.AX&t=1y&q=&l=&z=l&p=s&a=v&p=s&lang=en-AU&region=AU

 

[breaker]

Re: OUTSTANDING BREAKOUT Alerts!!

Wow how do ya trade that..good volume...would be tempted to day trade ie buy on open

 

[Wysiwyg]

Re: OUTSTANDING BREAKOUT Alerts!!

Wow how do ya trade that..good volume...would be tempted to day trade ie buy on open

You could use a market scanner that picks up a percentage rise in price. Scan, eyeball, pounce. Remember, it's the quick 'and' the dead.

 

[barney]

Re: OUTSTANDING BREAKOUT Alerts!!

Mentioned this one a couple of times on the DRK thread. Personally I wouldn't be chasing it now, but it might be worth putting in the watch list.

The chart says it all !!

 

[tinhat]

Re: POTENTIAL BREAKOUT Alerts

Today EQN broke out above its January top of $6.20 and November top of $6.40. Closed at $6.66

 

[panikhide]

Re: OUTSTANDING BREAKOUT Alerts: PEK

PEK came out of a trading halt today and is up 0.280 or 54.369% to 0.795 on Rare Earth RC Drill Results for its Ngualla projects. Further results expected in the next 3 weeks.

 

[tradingplaces]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi,
I am new to trading, however just saw that Shares in TNG Ltd jumped after TNG said a scoping study of its Mount Peake vanadium project in the Northern Territory had confirmed its technical and financial viability.

Just wondering if the upward trend will continue tomorrow..

 

[Huitzii]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi and welcome trading places...I am not a professional at this by any means.
this popped up in my routine scans 2 days ago although I haven't traded it.
yesterday I watched it rise to almost 100% gains to pull right back again.
It scares me to enter a trade with a high tail like this one has,but each to their own.
this formation isn't called a "hanging man" for nothing lolz.

 

[tradingplaces]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi Huitzii,

Thanks for the feedback. I was also very wary about putting any money on TNG and I didn't end up buying. I'm glad now seeing the price has dropped. I invested in FMJ last week and so far they are doing very nicely.

 

[tinytim1]

Re: OUTSTANDING BREAKOUT Alerts!!

This is a textbook breakout, consolidate and run again chart.

BAU initially ran hard from 17c to 39c before setting up a tidy retracement back to 24c, it then bounced hard and broken out of this consolidation at 26c on big volume. It has since formed a nice tight triangle between 28c and 25.5c, we are now getting down to the pointy end of the triangle, with a strong move imminent. The first target is the previous run (39-17=22c) added onto the breakout point 26c, giving a nice target of 48c.

There are also several positive indicators adding to the strength of this chart. MACD, moving av, volume.

I wish i could post this chart, as it really is a beauty.

Good luck all.