StockFetcher Forums · General Discussion · Breakout Continuation//or FAKEOUT??<< 1 2 >>Post Follow-up
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

shillllihs
6,044 posts
msg #139287
Ignore shillllihs
11/14/2017 9:49:24 PM

What you are looking for would be called ESP.

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?

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.

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.

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.

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.

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..

BlackBars
54 posts
msg #139338
Ignore BlackBars
11/16/2017 2:59:36 AM

Fetcher[close is above Day Position(0.66,1)
set{diff,close minus close 65 days ago}
set{diff%,diff / close 65 days ago}
set{change%,diff% * 100}
close between 1 and 5
close reached new 30 day high
volume reached new 30 day high
and average volume(90) is above 70000
volume above 500000
volume 100% higher than previous day
Show stocks where shares outstanding is below 20
add column shares outstanding
add column institutional holder percent
add column ATR(20){ATR(20)}
add column ADR{ADR(20)}
add column 2xADR
Chart-time is 8 months
]



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


miketranz
961 posts
msg #139343
Ignore miketranz
11/16/2017 9:30:18 AM

OGRMF is a perfect example..

StockFetcher Forums · General Discussion · Breakout Continuation//or FAKEOUT??<< 1 2 >>Post Follow-up

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