Australian (ASX) Stock Market Forum

Re: POTENTIAL BREAKOUT Alerts

just a chart for the charties
this is a text book breakout of a down trend on high volume IMO
Yes I am a holder...no this is not a ramp...just an awareness program..right YT ;)
 

Attachments

  • img0441847-w549477.jpg
    img0441847-w549477.jpg
    60.2 KB · Views: 297
Re: POTENTIAL BREAKOUT Alerts

Snakey said:
just a chart for the charties
this is a text book breakout of a down trend on high volume IMO
Yes I am a holder...no this is not a ramp...just an awareness program..right YT ;)
Snakey, if it's a breakout, it goes in the breakout thread. It's not really THAT hard is it. To put things in the right thread :confused:
 
Re: POTENTIAL BREAKOUT Alerts

kennas said:
Snakey, if it's a breakout, it goes in the breakout thread. It's not really THAT hard is it. To put things in the right thread :confused:

but you just said it was not even a potential :confused: :confused:
maybe joe can move it if he likes :D
 
Re: POTENTIAL BREAKOUT Alerts

Snakey said:
but you just said it was not even a potential :confused: :confused:
maybe joe can move it if he likes :D
You're the one claiming it's a breakout:

Snakey said:
just a chart for the charties
this is a text book breakout of a down trend on high volume IMO
Yes I am a holder...no this is not a ramp...just an awareness program..right YT ;)

Snakey, I'm wasting too much of my time managing this thread because people are putting in breakouts, or just ramps.

Unfortunately, from now on, I'm not going to explain why something should not be here, it's just going to be deleted. If you have something deleted, then you will know it should not be here. You can then decide which thread you should have put it in.

I'm not picking on you Snakey. You have some great things to add, but you've just got to put them in the right place!!!
 
Re: POTENTIAL BREAKOUT Alerts

Joe and Kennas please keep this thread open for those of us that value early indentification of potential breakouts. Just delete the ramps. Kennas your doing a great job and i think your charts and comments are right on the mark. :)
 
Re: POTENTIAL BREAKOUT Alerts

Hear hear!

I hope self-regulation prevails over enforced controls - like having the thread removed.

This is a valuable learning resource, particularly for novices like myself. Let's not ruin it with ramping and unsubstantiated opinion.
 
Re: POTENTIAL BREAKOUT Alerts

Joe, Kennas, you guys are doing an amazing job and I think lots of people benefit from this thread,

It would be a shame for it to be removed, I say just simply delete those posts which are unfit of being up,


Also Snakey what are you on about?
Snakey said:
no this is not a ramp...just an awareness program..right YT ;)


On a serious note, I think CAZ is doing a breakout from 70c resistance, I'm not sure if its outstanding yet as the buy support is thin, volume was high and it closed 77.5c, well above 70c resistance, looks set to open this morning at 80c, Will need more volume and support to confirm breakout though IMO
 
Re: POTENTIAL BREAKOUT Alerts

IMA is out of the potential and into breakout.

Still low volume, but it seems to be thinly traded..

kennas said:
Ref IMA

For those following this 'potential' - it may be too late to get it as a potential now. Trading at $2.12, but volume still not great. Well, we picked it. :D

Might have to transfer this to the breakout thread. Another winner perhaps!

Must add...the days not over. I hate calling these things mid day....who knows what the afternnon might bring. Could end up with egg everywhere.

Must also add on reflection, that the volume still isn't doing it for me at this stage, so I might have to go back to the fence....
 
Re: POTENTIAL BREAKOUT Alerts

Kennas -- if this is not applicable to your thread please delete it.

KZL -- and Precision Pattern Trading:

Although most unorthodox for the vast majority of patter traders, this is a set-up i use constantly:

KZL was in a A/Triangle:

Tri Target + 70cents from 6.70 = 7.40.

Stop = Tri Angle - 70 cents.

Buy -- anywhere within the Tri -- before the breakout.


If I miss buying during the Tri formation I often alter the buy rule and as long as the SP remains above the rising STOP -- take out a Position.


I have the STOP today @ 6.12

disclosure : took a long position yesterday.



Cheers
 

Attachments

  • KZL.png
    KZL.png
    13 KB · Views: 234
Re: POTENTIAL BREAKOUT Alerts

EQI :

Is a potential to break above the down trend line:

Count Back rules : MUST CLOSE ABOVE 1.565

Count Back STOP --- presuming SP makes a higher high than 1.58, then from that HIGH 1.51

disclosure : waiting
Cheers
 

Attachments

  • EQI.png
    EQI.png
    12 KB · Views: 223
Re: POTENTIAL BREAKOUT Alerts

hi coyotte, have just been back through the C/B thread the other night to refresh my memory as i am new to trading and still trying to learn and hold all info in my head.

i thought the C/B stop was:

Count Back STOPS are done the same way :
From the recent high bar count back untill U find a bar with lower low than the low of the high bar = CB2 -- from CB2 find the next bar with a lower low = CB3.

so would 1.51- CB2 and 1.495 -CB3 as todays low is 1.55 which is lower than yesterdays low 1.555
 
Re: POTENTIAL BREAKOUT Alerts

From yesterdays HIGH 1.58
to FRI Jan 12 LOW 1.495
is the current STOP.

I was presuming a HIGHER HIGH would be put in place to allow the >1.565 CLOSE to take place.

sorry my mistake

Cheers
 
Re: POTENTIAL BREAKOUT Alerts

The C/B is as follows :

17/01 : HIGH
16/01 : cb 1 Low
15/ 01 : N/A -- LOW IS HIGHER THAN 16/01
12/01 : CB 2 -- this the LOW or the present STOP until SP hits a higher high than 1.565


cheers
 
Re: POTENTIAL BREAKOUT Alerts

CDR -- A Triangle within a Triangle .
The bottom horizontal line is the mid-way of the Nov 16 Candle
Wow if it blows and Target theory holds .

Disclosure : hold long position

Cheers
 

Attachments

  • CDR-01.png
    CDR-01.png
    12 KB · Views: 194
Re: POTENTIAL BREAKOUT Alerts

Just like to review one that we'd been watching for some time that we believed was actually a potential breakout. This is where the value of this thread lies in actually seeing things that have been trending for some time and look like they might be going to break and then do to good effect.

This had been ranging for a while and when the MACD started to flatten and turn it looked like momentum was shifting to the upside, but it wasn't reflected in the sp. Each time it hit $1.75 there was always good buying support, identified by the tails on the candles. There was of course resistance at $2.00, but once that was broken the previous uptrend should have continued. All it took was an ok ann, and it went off! Nice 25% ish gain, if you'd got in.

Of course, this doesn't always happen.......... :)

Hope someone was on it!
 

Attachments

  • IMA.gif
    IMA.gif
    20.9 KB · Views: 116
Re: POTENTIAL BREAKOUT Alerts

LMG-volume substantially higher over last 6 days,especially today,looks to have broken out with volume.Kennas any chance of a nice chart :)
 
Re: POTENTIAL BREAKOUT Alerts

Kennas wheres that bloody chart!Volume now up to 17Million-normal day is under 1Million.Price now up 23%
 
Re: POTENTIAL BREAKOUT Alerts

alankew said:
Kennas wheres that bloody chart!Volume now up to 17Million-normal day is under 1Million.Price now up 23%

Alan, this is the 'potential' breakouts thread. There is another 'Outstanding Breakouts' thread for stocks that have already broken out. Please be very careful to post in the correct thread. It isn't too hard.
 
Top