Outstanding Breakout Alerts!

[rub92me]

Re: OUTSTANDING BREAKOUT Alerts!!

personally think the MLS break from its base is rather outstanding , dont think i will be entering at this point of its climb tho

6 million volume @ 1.5 cents is about 90,000 dollars traded. I would be very wary to jump to any conclusion on such thin (dollar) volume.

 

[nunthewiser]

Re: OUTSTANDING BREAKOUT Alerts!!

6 million volume @ 1.5 cents is about 90,000 dollars traded. I would be very wary to jump to any conclusion on such thin (dollar) volume.

EXACTLY .hence my post ....cant deny that the % rise on the break is not outstanding though .............. im not touching it personally , was merely pointing out that whoever brought up MLS break in this thread had it in the right thread

 

[Rockon2]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi Rockon2,

Can I ask how the TP labels are placed on the chart?

Are they (i) simply added manually by yourself, or (ii) automatically positioned. If its (ii) then what criteria do you use? Highest High/ Lowest Low over x periods, using Zig Zag indicatror (% swings), etc?

Just interested....

Hi Chorlton,, They are part of the package that comes with MA Pro software
charting programe.. They stand for Turning Points, and you can adjust them to diff times cycles also to draw on closes rather than highs/lows....
I Love em because fliking thru the many many charts every day, i can easily see at a glance supps n resist ...
http://www.mdsnews.com/australia/trial/default.aspx

 

[Rockon2]

Re: OUTSTANDING BREAKOUT Alerts!!

MGX..... As i previously posted,,, I do it a bit diff, in what i call a break out
( go long now ! signal )

as per the previous chart, my break is from price going thru the close of last big green ( candle / bar ) ...

Why do I do this ???

Well I reckon because thats what other smart traders see,, and if you look
at this intraday chart over last 5 days ,, you can very easily see where she
broke and where the volume came in to support it...

NUN,, I lost many a trade by closing out early.. thats why imo u must wait until eod. (unless its a clear cut loser) and imo u must break the trade down to intraday, the retrace today was just back to supps,,, so therefore a hold
long... It was also prob equal a fib retrace...

Admittedly It hasnt gone as high as i'd hoped today, but its still good..

Kennas... This is not a ramp on mgx...

Its a clear cut method with rules on how I trade breaks

 

[Rockon2]

Re: OUTSTANDING BREAKOUT Alerts!!

Most of my trading is going long or short from breaks ( patterns ) ..

90% are done with preset orders.. Conditional orders...
Once they have been triggered, i then manage them.

This daily chart shows todays break,, and it shows where I had my order
if you can break this done into intraday, you can see where the bulk of orders went to mkt.. ( these come from off screen ) ie C/O's..... not shown
in the dom bid list......

imo above is how the smarts do it.... read it carefully.

I will also leave you with this quote,,, experts close the mkt, dummies open it.

 

[nunthewiser]

Re: OUTSTANDING BREAKOUT Alerts!!

Most of my trading is going long or short from breaks ( patterns ) ..

90% are done with preset orders.. Conditional orders...
Once they have been triggered, i then manage them.

This daily chart shows todays break,, and it shows where I had my order
if you can break this done into intraday, you can see where the bulk of orders went to mkt.. ( these come from off screen ) ie C/O's..... not shown
in the dom bid list......

imo above is how the smarts do it.... read it carefully.

I will also leave you with this quote,,, experts close the mkt, dummies open it.

oi! hands off my stox


been trading AMP channels and moves for yonks

and yes current break looking sweet for traders ......

trailing stops all the go these days they say

blessem

 

[Rockon2]

Re: OUTSTANDING BREAKOUT Alerts!!

Chart is AMP

 

[nunthewiser]

Re: OUTSTANDING BREAKOUT Alerts!!

LOL read previous post

 

[kirtdog]

Re: OUTSTANDING BREAKOUT Alerts!!

AGO had an outstanding breakout, too late to jump in now though...

 

[Rockon2]

Re: OUTSTANDING BREAKOUT Alerts!!

AGO had an outstanding breakout, too late to jump in now though...

I Trade thru Commsec

What are Conditional Orders?
Conditional Orders provide you with a controlled entry and exit strategy for a particular security. You can identify specific securities and instruct us to place these on the market to purchase or sell when the price reaches a pre-determined level. As you can see, this goes far beyond simple alerts by implementing a pre-arranged strategy without the need for you to contact us further.

http://www.comsec.com.au/Public_FrameSet.asp?Page=HTrading

 

[Chorlton]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi Chorlton,, They are part of the package that comes with MA Pro software
charting programe.. They stand for Turning Points, and you can adjust them to diff times cycles also to draw on closes rather than highs/lows....
I Love em because fliking thru the many many charts every day, i can easily see at a glance supps n resist ...
http://www.mdsnews.com/australia/trial/default.aspx

Hi Rockon,

Thanks for the feedback. Can you elaborate on what you mean by different time cycles? I assume you're not referring to different timeframes?

PS. Apologies to all for the slightly off-topic post...

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

Reckon.

MGX has been a nice trade but my analysis tells me its likely to stall very soon.

 

[Rockon2]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi Rockon,

Thanks for the feedback. Can you elaborate on what you mean by different time cycles? I assume you're not referring to different timeframes?

PS. Apologies to all for the slightly off-topic post...

This from MA Pro..


Turning Points
Pre-Alert

Description:
The Turning Points indicator shows when a stock's price trend changes direction. It simply highlights points that are at an extreme - the highest or lowest point in the last N periods. The Turning Point Indicator helps a trader to locate likely reversals within a stock, and is a great visual tool that helps remove the guesswork in support and resistance positioning.

Input Parameters:
Period
The period of time forward and back back that a Turning Point represents the highest or lowest point within. Thus a period of 13 will show Turning Points that are higher than the 12 points before them and the 12 points after them.
Ignore Period
The number of periods that must pass that do not invalidate a candidate Turning Point before the Turning Point is drawn in. Thus only an Ignore Period of 0 will allow the most recent point to be considered a Turning Point.
Up Colour
The colour of the peak Turning Points.
Down Colour
The colour of the trough Turning Points.
Prices Type
Whether the Turning Points are selected on the Close Price or on the High and Low price for peak and trough Turning Points respectively.
Draw Lines
If selected, a pair of horizontal signal lines are drawn across from the most recent peak Turning Point and trough Turning Point.

 

[Chorlton]

Re: OUTSTANDING BREAKOUT Alerts!!

This from MA Pro..


Turning Points
Pre-Alert

Description:
The Turning Points indicator shows when a stock's price trend changes direction. It simply highlights points that are at an extreme - the highest or lowest point in the last N periods. The Turning Point Indicator helps a trader to locate likely reversals within a stock, and is a great visual tool that helps remove the guesswork in support and resistance positioning.

Input Parameters:
Period
The period of time forward and back back that a Turning Point represents the highest or lowest point within. Thus a period of 13 will show Turning Points that are higher than the 12 points before them and the 12 points after them.
Ignore Period
The number of periods that must pass that do not invalidate a candidate Turning Point before the Turning Point is drawn in. Thus only an Ignore Period of 0 will allow the most recent point to be considered a Turning Point.
Up Colour
The colour of the peak Turning Points.
Down Colour
The colour of the trough Turning Points.
Prices Type
Whether the Turning Points are selected on the Close Price or on the High and Low price for peak and trough Turning Points respectively.
Draw Lines
If selected, a pair of horizontal signal lines are drawn across from the most recent peak Turning Point and trough Turning Point.

Hi Rockon,

That makes more sense now... Thanks for taking the time to post a reply...

Regards,

Chorlton

 

[nunthewiser]

Re: OUTSTANDING BREAKOUT Alerts!!

Reckon.

MGX has been a nice trade but my analysis tells me its likely to stall very soon.

personally think quite a few are about to stall shortly

 

[Rockon2]

Re: OUTSTANDING BREAKOUT Alerts!!

Reckon.

MGX has been a nice trade but my analysis tells me its likely to stall very soon.

Tuch/A ... very possible (stall)...

So Whats ur analysis that tells you this ???

 

[Rockon2]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi Rockon,

That makes more sense now... Thanks for taking the time to post a reply...

Regards,

Chorlton

NP..... Glad to help

Must admit I dont explain things all that well at times, ( try my hardest )

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

personally think quite a few are about to stall shortly

Yep.
Theres the short side!

R
Nothing set in concrete yet but today was high ish volume which in itself is fine.
BUT it will have to clear .55c which saw resistance (strong) last attempt.
If tommorows bar is down then that indicates that there was/is hidden selling in the volume of the last up bar. If it closes in the top quartile (25%) on good volume (Not excessive) and above the close of today-- then all is good.
Might have a way to go yet and tommorow will tell a great deal.
According to Elliott analysis it puts this in a wave 4 to around 95c

Click on chart to expand

 

[Rockon2]

Re: OUTSTANDING BREAKOUT Alerts!!

Yep.
Theres the short side!

R
Nothing set in concrete yet but today was high ish volume which in itself is fine.
BUT it will have to clear .55c which saw resistance (strong) last attempt.
If tommorows bar is down then that indicates that there was/is hidden selling in the volume of the last up bar. If it closes in the top quartile (25%) on good volume (Not excessive) and above the close of today-- then all is good.
Might have a way to go yet and tommorow will tell a great deal.
According to Elliott analysis it puts this in a wave 4 to around 95c

Click on chart to expand

YEP Agree Totally

 

[jonojpsg]

Re: OUTSTANDING BREAKOUT Alerts!!

PNA has broken out on news of refinancing its $80m debt. Was 9c pre announcement opened at 13c and closed at 18c yesterday then 23c today. Sorry mods can't post chart for personal reasons

Definitely worth a look tho - will post more on PNA thread