Not exact matches
The Aussie offers many short - term
trading opportunities within the context
of a longer - term bullish
breakout above $ 0.775.
Traders will
trade the second section
of the trend
breakout between 17,613 and 20,347 when the consolidation near 17,613 has been completed.
Such price action indicated that a momentum - based
breakout above the highs
of the
trading range was likely to occur in the coming days, so we added $ EPU to our «official» Wagner Daily
trade watchlist as a potential buy entry, just in time to catch the December 31
breakout.
In this post, we take you on an educational walk - through
of the technical
trading factors that preceded our recent
breakout buy entry.
Today, we walk you through the anatomy
of a volume - driven
breakout stock
trade from The Wagner Daily newsletter that led to a 37 % gain over a 1 - month holding period.
The MTG Stock Screener is web - based software that simply uses preset formulas to quickly narrow down and provide you with a list
of the best stock
breakout or pullback setups, but it does NOT provide you with specific guidance on
trading strategy or when to buy and sell.
But since the April 12 decline was so large, and because we run an end -
of - day swing
trading service, we were unable to immediately take advantage
of selling short the breakdown in $ GLD (or buying the
breakout in $ DZZ).
As is frequently detailed on this blog, stocks and ETFs
trading at new 52 - week or all - time highs typically repeat the «base,
breakout, base,
breakout» cycle several times before eventually entering into a substantial correction, as there is a complete lack
of overhead supply (no technical price resistance).
Since «undercuts»
of obvious support levels are common with
breakout plays, the
trade could indeed easily go on to be a decent winner.
To profit alongside
of our next big
breakout play, get started today with your 30 - day risk - free subscription to The Wagner Daily swing
trading service.
During strong
breakouts, entering at the market or with limit orders on the close
of bars is also
trading in the direction
of market momentum, but is more difficult emotionally for traders starting out.
Experience traders will use limit orders to fade
breakouts at the tops and bottoms
of trading ranges, and will often scale in and scalp.
Many traders make most
of their money in the first couple
of hours
of the day and they look to swing
trade opening reversals and trend
breakouts.
In an uptrending market, the two main types
of technical setups we buy for swing
trading leading individual stocks are
Breakouts and Pullbacks.
Nevertheless, we are not yet listing either ETF as an «official»
trade setup because we first prefer to see at least a bit
of broad market stabilization, which would reduce the odds
of a false
breakout if these ETFs attempt to move to new «swing highs.»
To recap the video, our preset
breakout scan is designed to find stocks
trading within 20 %
of a 52 - week high,
trading sideways above their 50 - day moving averages.
We recently bought Mazor Robotics ($ MZOR) as a
breakout trade, held it for two months, then sold for a gain
of +57.6 %.
Bulls are disheartened that gold has tumbled $ 34 in 3 sessions, moving from a potential major upside
breakout to the lower - middle
of the well - worn
trading range seen since the start
of the year.
Specifically, we use the free MTG Stock Screener to instantly narrow down thousands
of stocks on the Nasdaq to just nine stocks
trading below $ 16 per share, each poised for a momentum - driven
breakout above a solid base
of price consolidation.
Like $ EPI above, Market Vectors Russia ETF ($ RSX), which we entered as a swing
trade on January 22, recently pulled back to support
of its prior
breakout level and is holding.
We are listing TMF as a potential «trend reversal» setup («
breakouts» and «pullbacks» are the other two technical setups we
trade) only because it is a fixed - income ETF, which has a low direct correlation to the direction
of the overall stock market.
This is the bullish type
of price action that leads to sustainable
breakouts and ideal, low - risk swing
trade entries.
If it does, it could lead to an ideal swing
trade setup, as new support
of the February 2013
breakout level is just below the current price.
To take advantage
of breakouts in a runaway trend, my favorite plays are inside bar patterns and my proprietary fakey
trading signal.
Our rule - based swing
trading system is designed to profit from three different types
of technical
trade setups:
Breakouts (Combo, Relative Strength, and Blast Off), Pullbacks, and Trend Reversals.
Although not many
of the
trade setups we detail in our stock picking report are from the IPO scan, we always look forward to
trading those stocks that eventually appear in the IPO scan because we have learned over the years that a combination
of an IPO with a bullish chart pattern leads to nice
breakouts with a high level
of reliability.
One
of three different types
of breakout stock
trades we target, the Blast Off setup seeks to identify massive volume spikes with large one - day price gains, followed by periods
of tight price consolidation.
Below, you can see some examples
of recent inside bar
breakouts and a multi-bar fakey pattern that led to a trend continuation and provided savvy price action traders a low - risk and very high reward potential
trade entry...
Last week (May 17), we sold a
breakout swing
trade in Pandora Media ($ P) for a net gain
of 14 % with a holding period
of less than three weeks.
If you wish to learn more about our proven system for buying pullbacks
of breakout stocks, check out this September 10 video on our blog that detailed our recent pullback swing
trade entry into $ YELP (which is still open and presently showing a gain
of 30.2 % since our entry).
For example, if you want to
trade long but you want to enter on a
breakout of a resistance area, you would place your buy stop just above the resistance and you would get filled as price moves up into your stop entry order.
Will Bitcoin bore traders with a second day
of sideways
trading or are we bracing for the long - awaited
breakout over $ 10k?
If the trend seems to be sideways, range - bound or is neutral you can
trade both or either «call» and «put», but be careful
of breakouts and false alerts.
After gently retracing from the February 25 high
of its recent
breakout and
trading in a tight range for more than a week, the 10 - day moving average has caught up to the price.
Today's session could bring some clarity, as equities are
trading near the upper boundary
of their ranges after the dovish ECB meeting minutes, and those who fancy shorts, could a good entry point in the case
of a failed
breakout.
Recommended
Trade (based on the charts) Buy Price: If you want to get in on this trade, you can purchase shares of HAL when the stock pulls back to the neckline of the pattern brea
Trade (based on the charts) Buy Price: If you want to get in on this
trade, you can purchase shares of HAL when the stock pulls back to the neckline of the pattern brea
trade, you can purchase shares
of HAL when the stock pulls back to the neckline
of the pattern
breakout.
As with the $ CYTK setup, the stock also shares the key
breakout attributes
of a high volume gap,
trading above the 50 - day MA, with the 20 - day MA above the 50 - day MA:
The wide popularity
of breakout stock
trading is owed to the simplicity
of the concept — a stock that is range - bound must eventually «break out» in order to move higher.
With $ NEWR forming a tight - base near the highs its two - year
trading range, let's walk through the charts
of multiple timeframes to analyze the
breakout setup.
General overview for 29/01/2016: The market still
trades inside
of the narrow dashed blue channel, but the upside
breakout is coming.
These near the money call options are reasonably priced because we buy most
breakout trade setups within the base — before the stock actually breaks out
of its range.
A history
of massive earnings growth, a valid base
of consolidation, and a price at / near the 52 - week high are three key elements
of our momentum
trading strategy for finding the best stock
breakouts.
Will be responsible to build, maintain and managing
breakout schedules, coordinating workflow with
trade contractors, assisting General Superintendent with day to day operations on all aspects
of the project.
Today, we analyze the technical setup and subsequent result
of a profitable
breakout swing
trade in InterOil Corporation ($ IOC).
Of the 37 results returned as Potential
Breakouts for swing
trading entry, it was clearly shown that the # 1 ranked stock pick generated by our technical screener was Ellie Mae ($ ELLI).
As with all chart patterns, a
breakout is needed to confirm the validity
of the pattern before a
trade signal is generated.
Gaps that appear during periods
of high
trading activity but where the price is not generally moving very much can be an indication
of a new
breakout, i.e. that the asset's price will start moving in that direction.
However, those gaps which are not filled within 3 to 5
trading days, often produce large price movements in the direction
of the
breakout.
In this
trading strategy video (below), we similarly show you a speedy and efficient way
of how to scan for the best stock and ETF
breakout setups (stocks and ETFs with relative strength that are poised to -LSB-...]
Will be responsible to build, maintain and managing
breakout schedules, coordinating workflow with
trade contractors, assisting General Superintendent with day to day operations on all aspects
of project.