Author Topic: stratergy for stocks breaking out after a period of consolidation on daily chart  (Read 6875 times)

garyr

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I am trying to come up with a stratergy to identify stocks that are breaking out from a period of consolidation (about 5 days or more) as they break out. This would be similar to the breakout on psx on Nov 06, 12.
I usually look for these as long swing candidates in telechart after the breakout in telechart using the formula (AVGC5/AVGC60 > 1.05), then look for stocks similar to psx which have linearity on the uptrend and then a period of consolidation before the breakout. Is there some way I can somehow look for these patterns within trade-ideas when or as the breakout occurs?
thanks

TradeIdeas_DA

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See if this strategy works for you.  An additional filter to consider would be the days in consolidation filter which I did not add to this set-up, but would help describe the aspect of the pattern before the ascent.

http://www.trade-ideas.com/View.php?O=1_419_0&MinTV=500000&MinGUR=.5&MinFCP=2&MinR10D=99&MinRC=1&MaxRC=1&WN=Out+of+Consolidation+Up+Big+Today&col_ver=1&show0=D_Type&show1=D_Time&show2=D_Symbol&show3=D_Desc&show4=Price&show5=PV&show6=FCD&show7=R20D&show8=Count
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mshivalu

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See if this strategy works for you.  An additional filter to consider would be the days in consolidation filter which I did not add to this set-up, but would help describe the aspect of the pattern before the ascent.

http://www.trade-ideas.com/View.php?O=1_419_0&MinTV=500000&MinGUR=.5&MinFCP=2&MinR10D=99&MinRC=1&MaxRC=1&WN=Out+of+Consolidation+Up+Big+Today&col_ver=1&show0=D_Type&show1=D_Time&show2=D_Symbol&show3=D_Desc&show4=Price&show5=PV&show6=FCD&show7=R20D&show8=Count

I love this scan for finding shares to short and dip buys. Thanks so much for posting it.

TradeIdeas_DA

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Great to hear a compliment! Thank you for the feedback!
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