showmethe$$$
3 posts
msg #98748
- Ignore showmethe$$$ |
1/26/2011 4:08:40 PM
Anyone know what criteria i can use to find a breakout to the long side?
I want the 1st break out from a base, not 1-3 months down the road, please.
Thank you,
KP
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TheRumpledOne
6,411 posts
msg #98751
- Ignore TheRumpledOne |
1/26/2011 4:30:31 PM
I know I posted a filter for that years ago....
Some many filters, so little time...
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duke56468
683 posts
msg #98752
- Ignore duke56468 |
1/26/2011 5:17:47 PM
This might get you started
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showmethe$$$
3 posts
msg #98753
- Ignore showmethe$$$ |
1/26/2011 5:34:33 PM
Thanks...I'll see if I can track down that filter you wrote using your name!
KP
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showmethe$$$
3 posts
msg #98754
- Ignore showmethe$$$ |
1/26/2011 5:37:42 PM
Thanks Duke!
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damoore
9 posts
msg #98925
- Ignore damoore |
2/5/2011 11:24:07 AM
The best way to catch breakouts while they are happening is to create price alerts. I set price alerts $0.10 above the resistance and $0.10 below the support. I then watch the price action and look for volume to see if the breakout is sustainable. To see an example of this type of trade...I was in $JNPR on Friday Feb 4th 2011 at $38.75. This requires work on your part to do your own technical analysis of support and resistance.
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jimvin
173 posts
msg #98927
- Ignore jimvin
modified |
2/5/2011 1:12:25 PM
I've tried half-a-dozen breakout filters and for my tradin style (short, no mroe than 3 to 5 stocks, buy Monday sell no later than Friday at 3:30 and using a 5% stop-loss) this one shows the most promise.
Credit for authorship is given in the filter heading.
As with any filter, I would run it on paper using your trading style for 4 to 6 weeks before putting real money in.
Note also, if you don't want to trade pennies, you may want to add the line
and price > 5
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