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Re: OUTSTANDING BREAKOUT Alerts!!
ERA has just shot up
ERA has just shot up
Outstanding Breakout Alerts!
- Thread starter tech/a
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Re: OUTSTANDING BREAKOUT Alerts!!
^^ I just realised that one is near an ultra high volume bar 21st November 2011.
Interesting to see how it reacts in the next few days after what could be a no supply bar today.
^^ I just realised that one is near an ultra high volume bar 21st November 2011.
Interesting to see how it reacts in the next few days after what could be a no supply bar today.
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Re: OUTSTANDING BREAKOUT Alerts!!
This one has broken out of a downward sloping triangle on decreasing volume. Some support has formed at this area.
Look at today's volume!!!!! Is there some huge buying in here?
This one has broken out of a downward sloping triangle on decreasing volume. Some support has formed at this area.
Look at today's volume!!!!! Is there some huge buying in here?
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Re: OUTSTANDING BREAKOUT Alerts!!
This one looks to have broken from low. There has been some accumulation and now some large volume coming in. I got in near the low today. Let's hope it continues.
This one looks to have broken from low. There has been some accumulation and now some large volume coming in. I got in near the low today. Let's hope it continues.
tech/a
No Ordinary Duck
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tech/a
No Ordinary Duck
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Re: OUTSTANDING BREAKOUT Alerts!!
Yeah incredible. The price went nowhere and closed at the same level as yesterday.
It looks like a lot of traders saw yesterday's signal and bought off it, but unfortunately the syndicate money was selling into it which made the traders sell back into it.
Wonder what made it look so good yesterday (judging by its bar and volume) since there's been no news for a while. I guess the big money caused that prop?
Yeah incredible. The price went nowhere and closed at the same level as yesterday.
It looks like a lot of traders saw yesterday's signal and bought off it, but unfortunately the syndicate money was selling into it which made the traders sell back into it.
Wonder what made it look so good yesterday (judging by its bar and volume) since there's been no news for a while. I guess the big money caused that prop?
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Re: OUTSTANDING BREAKOUT Alerts!!
Nice work pav, I wasn't around to capitalise on my heads up signals of a potential reversal, well done.
https://www.aussiestockforums.com/forums/showthread.php?t=2117&p=697863&viewfull=1#post697863
(click to expand)
Nice work pav, I wasn't around to capitalise on my heads up signals of a potential reversal, well done.
https://www.aussiestockforums.com/forums/showthread.php?t=2117&p=697863&viewfull=1#post697863
(click to expand)
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Re: OUTSTANDING BREAKOUT Alerts!!
Yeh I was a little uncertain with this one. I like the ERA one much better.
Do you suspect selling based mainly on the the fact that this ridiculous volume game on a very narrow spread bar so professionals couldn't have been buying? i.e. it was the public buying based on yesterday's breakout from the triangle and the professionals took the opportunity to offload?
Or was there also more information in the background which makes you suspect there is selling?
Yeh I was a little uncertain with this one. I like the ERA one much better.
Do you suspect selling based mainly on the the fact that this ridiculous volume game on a very narrow spread bar so professionals couldn't have been buying? i.e. it was the public buying based on yesterday's breakout from the triangle and the professionals took the opportunity to offload?
Or was there also more information in the background which makes you suspect there is selling?
Re: OUTSTANDING BREAKOUT Alerts!!
I don't know how to post charts.. but just a heads up.
Graphite is really taking off atm, lead by SYR.
All the other graphite specs are really breaking out.
AXE, TLG, MOX.. and of course SYR (of course market cap is already big).
If anyone can post charts on some of the graphite stocks would be much appreciated.
(note: I hold all of the stocks above)
I don't know how to post charts.. but just a heads up.
Graphite is really taking off atm, lead by SYR.
All the other graphite specs are really breaking out.
AXE, TLG, MOX.. and of course SYR (of course market cap is already big).
If anyone can post charts on some of the graphite stocks would be much appreciated.
(note: I hold all of the stocks above)
Re: OUTSTANDING BREAKOUT Alerts!!
btw, I only trade using ASX charts, I dont subscribe to any chartware. I dont think one is able to post charts without some kind of chartware am I wrong?
yep they certainly are. I just sold my MOX holdings @.089 thinking it'd probably pull back from resistance but it just plowed on thru to .098. Back down to .090 as I type. Geeesh, what now? Gotta have a buyer exhaustion/break at some point
btw, I only trade using ASX charts, I dont subscribe to any chartware. I dont think one is able to post charts without some kind of chartware am I wrong?
tech/a
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Re: OUTSTANDING BREAKOUT Alerts!!
Cant tell for sure until we have further trading.
BUT there hasnt been any follow through. If this were to break Id expect to see the massive volume ON THE BREAK not going into resistance. Something like a gap on volume or a wide range bar ploughing through resistance. This ---from experience looks like selling into demand. Actually it looks like an expiration of options!
Just take a pik of a chart and post it up.
You can note on the pik with something like PAINT--free on the web.
Cant tell for sure until we have further trading.
BUT there hasnt been any follow through. If this were to break Id expect to see the massive volume ON THE BREAK not going into resistance. Something like a gap on volume or a wide range bar ploughing through resistance. This ---from experience looks like selling into demand. Actually it looks like an expiration of options!
yep they certainly are. I just sold my MOX holdings @.089 thinking it'd probably pull back from resistance but it just plowed on thru to .098. Back down to .090 as I type. Geeesh, what now? Gotta have a buyer exhaustion/break at some point
btw, I only trade using ASX charts, I dont subscribe to any chartware. I dont think one is able to post charts without some kind of chartware am I wrong?
Just take a pik of a chart and post it up.
You can note on the pik with something like PAINT--free on the web.
Re: OUTSTANDING BREAKOUT Alerts!!
I sold all my MOX holdings at 0.098 just then
Invested in AXE to day at 0.43... might have the MGY effect who knows 1 day delay on announcement lol.
Still holding SYR, TLG and lots of AXE now
yep they certainly are. I just sold my MOX holdings @.089 thinking it'd probably pull back from resistance but it just plowed on thru to .098. Back down to .090 as I type. Geeesh, what now? Gotta have a buyer exhaustion/break at some point
btw, I only trade using ASX charts, I dont subscribe to any chartware. I dont think one is able to post charts without some kind of chartware am I wrong?
I sold all my MOX holdings at 0.098 just then
Invested in AXE to day at 0.43... might have the MGY effect who knows
1 day delay on announcement lol.Still holding SYR, TLG and lots of AXE now
Re: OUTSTANDING BREAKOUT Alerts!!
Should've realised Friday usually is a DOWN day as day traders don't like holding over weekend.
Really big losses on AXE, but still in long term up trend (hopefully)
As long as SYR bounces along, all the specs should follow. Let's hope anyway. Graphite stocks didnt do well today.
Morning buy and afternoon sell off across the board. Hopefully next week will be better, as all the charts still look good.
Should've realised Friday usually is a DOWN day as day traders don't like holding over weekend.
Really big losses on AXE, but still in long term up trend (hopefully)
As long as SYR bounces along, all the specs should follow. Let's hope anyway. Graphite stocks didnt do well today.
Morning buy and afternoon sell off across the board. Hopefully next week will be better, as all the charts still look good.
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Re: OUTSTANDING BREAKOUT Alerts!!
Have you actually tested this?
I did a while ago and found that Friday often provides the weekly high for the week.
Have you actually tested this?
I did a while ago and found that Friday often provides the weekly high for the week.
Re: OUTSTANDING BREAKOUT Alerts!!
right. I forgot about the friday profit taking factor myself. A little hasty entering AXE in hindsight. Not really worried at this point as the trend/chart look fine and intact. Just a botched entrance. MOX however behaved as I suspected it might in the end and satisfied with the sell. Today trade made a doji star, in candle stick system, after an aggressive run SUGGESTS exhaustion of buyers and possible reversal which is what I expect monday. But I notice the same pattern appeared several sessions ago, to be followed by a short down day, then shot right back up and resumed north. Buyers just keep coming in, look at the increasing volume. My intention was to re-enter MOX when(if)this repeats. Hopefully not trapped into AXE now LOL.
right. I forgot about the friday profit taking factor myself. A little hasty entering AXE in hindsight. Not really worried at this point as the trend/chart look fine and intact. Just a botched entrance. MOX however behaved as I suspected it might in the end and satisfied with the sell. Today trade made a doji star, in candle stick system, after an aggressive run SUGGESTS exhaustion of buyers and possible reversal which is what I expect monday. But I notice the same pattern appeared several sessions ago, to be followed by a short down day, then shot right back up and resumed north. Buyers just keep coming in, look at the increasing volume. My intention was to re-enter MOX when(if)this repeats. Hopefully not trapped into AXE now LOL.
CanOz
Home runs feel good, but base hits pay bills!
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Re: OUTSTANDING BREAKOUT Alerts!!
Another way to test or trade it....buy the highest high of the last ten days if it gets crossed by one tick on a Friday in a bull trend as defined by the 10ma above the 40ma on the daily.
Exit first thing Monday morning.
Reverse for a short except sell the lowest low of the last eight days if crossed by one tick on a Friday in a bear trend, 10 under the 40 ma.
Exit Monday morning.
Enjoy...
CanOz
Another way to test or trade it....buy the highest high of the last ten days if it gets crossed by one tick on a Friday in a bull trend as defined by the 10ma above the 40ma on the daily.
Exit first thing Monday morning.
Reverse for a short except sell the lowest low of the last eight days if crossed by one tick on a Friday in a bear trend, 10 under the 40 ma.
Exit Monday morning.
Enjoy...
CanOz
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