Potential Breakout Alerts!

[notting]

It's an explanation, it's not a call.
Sharing is all.
Pretty simple.

Oh, You mean the sell of SBM. I hadn't actually put the sell on at 6.49am!.
I did it during trading hours in the morning and left it there thinking if it gets that low I'm happy to take it.
It did!
You should not be too impressed by that because it ended the day higher than that, so I could have missed it!
The shorting idea was pretty cool though, at the time, a fairly obvious one under the circumstances.
May do it again tomorrow.
Let's see what gold does!

 

[notting]

PS. If impressing was my fancy, I would have mentioned the 35% on SLR!
So into impressing, I forgot all about it.
Flukes aren't impressive strategies that pay are!

 

[tech/a]

Oh, You mean the sell of SBM. I hadn't actually put the sell on at 6.49am!.

Yeh I know you didn't even mention that it was your plan---prior to the days trading

I did it during trading hours in the morning and left it there thinking if it gets that low I'm happy to take it.
It did!

Yeh I know you told us 3 hrs after close.

I shorted about 6 on their peaks which I anticipated the day before.
Gold went down a little and they all fell between 6% 16% in two days!
I still have 3 which I have taken some profits on and I went long on two after that.

Love all this stuff all after the fact.
Seriously if your going to post this stuff do it at the time you----supposedly----do it
Not days after.

So 6 trades all winners short and 3 brilliantly long after the short play.
And the other 3 brilliantly left not bought but to-----nothing or did you exit prematurely?.
The anticipation of a Shaolin Monk!

 

[tech/a]

PS. If impressing was my fancy, I would have mentioned the 35% on SLR!
So into impressing, I forgot all about it.
Flukes aren't impressive strategies that pay are!

Mention it BEFORE it happens and even a fluke will impress.

 

[notting]

Yeh I know you didn't even mention that it was your plan---prior to the days trading



Yeh I know you told us 3 hrs after close.



Love all this stuff all after the fact.
Seriously if your going to post this stuff do it at the time you----supposedly----do it
Not days after.

So 6 trades all winners short and 3 brilliantly long after the short play.
And the other 3 brilliantly left not bought but to-----nothing or did you exit prematurely?.
The anticipation of a Shaolin Monk!

Yeah I did actually, that's another reason why I bothered to post the result!
I did mention on ASF before I shorted them that I was going to short the peaks that day.
I think you forgot that I mentioned I still had three half left shorts on. To be really impressive I suppose I wouldn't bother with that.
Impressing isn't so high up in my value thing that I get hot under the collar if I imagine another is trying to!!

Get it?

 

[tech/a]

Get it

Nuh

But I'll take your lead.
I'll go long on these at their low
Howzat

 

[Newt]

I enjoyed reading back through this ASF thread on breakout trading today.
Still a sticky in the chat area.

Worth a read for those trying to create or tweak their BO strategy.

https://www.aussiestockforums.com/forums/showthread.php?t=20906&highlight=breakout

 

[notting]

Nuh

But I'll take your lead.
I'll go long on these at their low
Howzat

Already long on RRL and NCM, looking to buy SAR, SBM, EVN, TRY if they start slow enough (unlikely).
Down 2 up 2 respectively. NCM is the larger.
Looking to reverse sometime Tuesday if Gold looks to be stalling/weakening.
Will short BDR, PRU, TRY( Tuesday or later when it looks to reverse)
Expecting TRY to have a real kicker then reverse.

On a more serious trade, NCM could be awesome if this currency war starts with a little inflation - off the charts!

 

[Nortorious]

Doing some catch up reading and loving the banter!

I'm long on NCM and got in at $13 so haven't got too much profit to "impress" others with as yet....

Been watching the market with interest as all my continuation trades are now in profit and trailing stops have been getting adjusted upwards at the end of each week.

Good to see this thread generating some discussion and sword fighting

 

[Boggo]

https://www.aussiestockforums.com/f...=5351&page=102&p=858949&viewfull=1#post858949

EGP has been thinking about it all week, finally showing potential today.

MLX is still thinking about poking its head up.

Chart of EGP below (click to expand)

EGP seems to be doing ok, MLX still hanging in on the positive side of the breakout.

 

[Boggo]

NHF, hitting the high again, potential to keep repeating its cycle.

(click to expand)

 

[futurenow]

I'm still watching SBM. Back to 0.230 (+7%) today. Still no stability over 5 days though.

 

[Nortorious]

Thanks for the post tech/a.

I don't like the look of TNG based on the weekly chart, still looks to be pointing downwards to me.

NCM seems ripe for a run up following a successful close on Friday to finish the weekly bar exactly how I wanted to see it - up bar moving above the previous high (that broke through the moving average sending it sideways), increased volume (*as you know I am particular about that increase).

Here's the weekly chart -

View attachment 61187

NCM seems to be heading North today, I got in at around $13 and holding on for the ride. Hopefully some other folk on here are holding tight as well. Could be a nice earner for us...

 

[Gordon7]

Considering the very volatile LNG. Micro consolidation last 8 days below $3.20.

 

[Nortorious]

Considering the very volatile LNG. Micro consolidation last 8 days below $3.20.

I would be personally steering clear of this one Gordon. Lots of resistance in the background and if it does rally, at best it is going to get caught up at $3.75. More risk than I think there is reward my friend.... My own personal opinion of course.

A better option would be SBM if it can close above 0.235 tomorrow. This one you could potentially be looking at a quick move to around 0.40 (assuming you got in at say, 0.245 = would equal a potential 63% profit).

Higher risk than some of the trades I do based on continuation patterns (trading the trend) but a little quicker if they pop in the right direction.... Always a risk and reward consideration and then sizing the position so that if it didn't play out, you aren't overly exposed to the downside of such a stock.

 

[pavilion103]

Is it just me or are there candidates appearing everywhere?

Some I'm looking at: SEN PAN SBM AGI GOR AGF RSG AJX SXY NAN

 

[Nortorious]

Is it just me or are there candidates appearing everywhere?

Some I'm looking at: SEN PAN SBM AGI GOR AGF RSG AJX SXY NAN

It isn't just you Pav.... I'm seeing potential everywhere and have maxed out and positioned for the ride.

I'm now in the process of seeing how I can get access to more funds or how I can leverage off the opportunity (including in the superfund) as this could be a nice ride.

One that I'm excited about is GPT. Check out the weekly chart and you will see why. I also have the option of buying up to $10,000 of stock at 4.23 through the share purchase plan for existing holders. Needless to say, I'm leaning on the Mrs to get my hands on the cash in our offset account to take advantage of this opportunity too.

Exciting times ahead!

 

[piggybank]

Sonic Healthcare - SHL



The Purple line represents the 250 EMA

And something for the fundamentalists

 

[Nortorious]

Sonic Healthcare - SHL

View attachment 61456

The Purple line represents the 250 EMA

And something for the fundamentalists

View attachment 61459

Nice continuation breakout setting up here. I would want to see a close above the recent high before getting too excited but looks like it is setting up well.

 

[Newt]

Its nice to be riding thermals again.

BLA coming up nicely too.