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| Discuss True and false Breakouts at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hi winston, don't know how much this is of use. there was thread (last yr ... |
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#11
13th December 2006, 07:25 PM
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Re: True and false Breakouts
hi winston,
don't know how much this is of use. there was thread (last yr around sept) which discussed pretty much same thing. all the greats AMITBE, KARTHIK, SAINT and also AJAY have discussed in detail abt BO (True & False) and what more it has examples with charts. i have the print out, but was unable to locate the link(to post it here). has some really great stuff. regards PS ask Karthik maybe he remembers. 
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#13
14th December 2006, 05:32 PM
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Re: True and false Breakouts
trade all breakouts with good volume with very tight stop loss if u r a trend follower and not a swing trader...u never know which one will be a continuous good trend and will never pull back...today hindlever started an explosive move (not a breakout...call it technical pullback, short covering ..whatever)...and never pulled back once for a 12 point rally...only in the fag end did it give up a few points as risk averse ones didnt want to carry it overnight.
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#14
14th December 2006, 07:12 PM
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Re: True and false Breakouts
Hi Ash,
After readin your msg....i went through the entire TA section and finally found what I think is what u were referring too. HEre is the link... http://www.traderji.com/technical-an...-breakout.html Rgds Rahul
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#15
15th December 2006, 11:45 AM
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Re: True and false Breakouts
Quote:
 lolWe are all at different stages of growth.....all equals,we're all learning,every day.All students of the market,we all learn from each other. Saint
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#16
15th December 2006, 12:23 PM
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Re: True and false Breakouts
Well Said Saint!!!
We all are learning here and are student of this institution. The only difference is that I am a student of junior k.g. and you and the senior guys are student of Ph.D Technical analysis is a skill that improves with experience and study. Always be a student and keep learning. - John Murphy Regards, a$h.investor
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#17
16th December 2006, 12:03 PM
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Re: True and false Breakouts
Quote:
i know how much u dislike words like master,great etc. my intention was just to point him in right direction and using you guys names helps. again no malafide intentions with warmest regards PS one hellva of thread, and it gave real new insight on how BO happen and why
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#19
16th December 2006, 12:33 PM
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Re: True and false Breakouts
From an Elliott Wave perspective, breakouts can happen as third waves of fifth waves.
For third waves - If you see a rally at the end of a bearish phase, followed by a pullback to form a higher bottom, a breakout is most likely if the high is crossed. For fifth waves - Breakouts typically happen if you see a triangular consolidation (converging set of trendlines) just after a large rally. Third waves breakouts tend to continue for quite a while. Fifth wave breakouts as mentioned above will get retraced a fast as the breakout occured. The above was an example in a bull market. For a bear market, just reverse the "up" and "down" Hope this helps, Vinod Krishna Bhat. http://www.elliottwaveanalyst.com
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#20
16th December 2006, 02:18 PM
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Re: True and false Breakouts
hi krishna
i agree with you, but wht when market or stock is under complex correction , impulse failure ( as most time it is ) how then can th break is recognised?? sometimes upward zig zags appear as impulse patterns, wht in that case? thanxs winston
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