BlackBars
54 posts
msg #139281
- Ignore BlackBars |
11/14/2017 7:09:52 PM
So I have been spending hours on SF looking and learning. I've looked at many many many different screen criteria by many of the great's on here, but I have yet to come across a filter that is designed to help detect a fake breakout OR a continuation of a breakout. Can someone lend me a little guidance?
-thanks in advance
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shillllihs
6,044 posts
msg #139287
- Ignore shillllihs |
11/14/2017 9:49:24 PM
What you are looking for would be called ESP.
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BlackBars
54 posts
msg #139290
- Ignore BlackBars
modified |
11/15/2017 2:10:36 AM
ESP?
EPS you mean?
Assuming that is the case I am aware earnings per share is a fundamental, so regarding breakouts can you elaborate the correlation?
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Kevin_in_GA
4,599 posts
msg #139291
- Ignore Kevin_in_GA |
11/15/2017 7:42:29 AM
No - that was sarcasm. You would need to be psychic to be able to predict what you are asking.
Simple solution ... when you see what you believe to be a breakout, take a small initial position, with a stop loss placed at say 10% below your entry price. Add to that position if the breakout continues, accept the loss if it does not.
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pthomas215
1,251 posts
msg #139298
- Ignore pthomas215 |
11/15/2017 9:45:25 AM
Also, BlackBars, if you use Free Stock Charts, looking at the 30 min time frame will help a bit. 5 min and 10 min charts looking good are often head fakes. but i have noticed when i take a 30 minute view it's often pretty good judgment for entry.
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pthomas215
1,251 posts
msg #139299
- Ignore pthomas215 |
11/15/2017 9:45:25 AM
Also, BlackBars, if you use Free Stock Charts, looking at the 30 min time frame will help a bit. 5 min and 10 min charts looking good are often head fakes. but i have noticed when i take a 30 minute view it's often pretty good judgment for entry.
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BlackBars
54 posts
msg #139305
- Ignore BlackBars |
11/15/2017 9:56:06 AM
Obviously I am not asking for 100% winner, I don't believe in that. What I mean is if there are any supporting indicators or filters out there that could help confirm a false breakout or not.
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miketranz
961 posts
msg #139329
- Ignore miketranz |
11/15/2017 9:35:35 PM
Basically by definition,when a stock moves upward,from a well defined range or base,ideally on high volume,it is said to break out.It could be a new 52 week,or not.It could also possibly gap up or not.Any time a breakout stock reverses and trades back into the trading range,it is said to be a head fake.Most of the times these head fakes occur within the first few days of the initial breakout.It's called being caught on the wrong side of the trade.A continuation move is just the opposite.They can run a number of days.To catch either one of these possible moves,all you have to do is follow the specific stocks on a daily basis that are breaking out to new highs,watch them every day,then execute your position.Hope that helps.Miketranz..
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BlackBars
54 posts
msg #139338
- Ignore BlackBars |
11/16/2017 2:59:36 AM
I'd like to know if I can eliminate at least some fakeouts that it might yield. Take a stab at this if you dare. - good charting skills needed
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miketranz
961 posts
msg #139343
- Ignore miketranz |
11/16/2017 9:30:18 AM
OGRMF is a perfect example..
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