What are the characteristics of the next FMG??

[tech/a]

surely you mean a % increase with time

Better put this is!

 

[kivvygosh]

surely you mean a % increase with time

Better put this is!

You'd hope so, otherwise you're not making too much money.

 

[tech/a]

You'd hope so, otherwise you're not making too much money.

How so??
Has no bearing on profit.

Simply an observation of time and price movements of the best trending stocks.
While some do use semi log most would scale arithmetically as this is default in most software.

 

[Garpal Gumnut]

Interesting watching this thread.
Comments from mostly Fundamental people.
Most technical people will be discretionary traders who are unlikely to hold long enough for moves which will rise 100s of %

Very large prolonged moves will ALWAYS come from long term slow declines or Sideways accumulation.


The will ALWAYS be a clear Breakout from these areas supported by Volume spikes AND an increase in overall volumes

Good moves will maintain an angle of 45 degrees in their move. This angle will often be evident over the life of the move.

You can maintain the life of the move through Volume and Elliot analysis.Topping in a longer range wave 5 will signal an end to the move.

The trick is to get on on the breakout which is rarely challenged in a great move and stay as long as the move has life.


It can be done and it can be done regularly.
Its a matter of taking trades which are small---so you don't panic on retracements.
If a trade revisits your trigger bar then sell and find another.
It wont take long and you'll have 5 to 10 of these in your stable chugging along.
don't be surprised if you get one or more FMG's over time.

I personally look for moves which break from consolidation or prolonged very slow down trends for a period of 2 yrs or 100 bars.
I use weekly charts

While the trading might not be sexy as in fast paced the potential profits will leave the gun traders gasping for breath and green with envy!

excellent post ta

I took out the images to emphasise the text.

Its TA 101 to 999

gg