What to look out for breakout ?

[akgandhi]

What to look out for breakout ?????
Now that you know three tactical approaches to trading the breakout, lets look at how to recognize which OR breakouts are the best to trade. a quick checklist for evaluating a stocks price and volume action. Remember these criteria are used not only to find stocks that are likely to lead to a successful breakout, but also to define good risk points based on the stocks price and volume action.
1. Good consolidation before the breakout
2. High relative volume at the breakout
3. A clean breakout followed by bullish price action
4. A bullish big picture

N.B : Knowledgable persons should only mock on the abv points if they want to help and share their knowledge

 

[Saint]

What to look out for breakout ?????
Now that you know three tactical approaches to trading the breakout, lets look at how to recognize which OR breakouts are the best to trade. a quick checklist for evaluating a stocks price and volume action. Remember these criteria are used not only to find stocks that are likely to lead to a successful breakout, but also to define good risk points based on the stocks price and volume action.
1. Good consolidation before the breakout
2. High relative volume at the breakout
3. A clean breakout followed by bullish price action
4. A bullish big picture

N.B : Knowledgable persons should only mock on the abv points if they want to help and share their knowledge

Nice post,AKG.....great stuff.

Saint

 

[shivaraja]

I look at rising OBV with stock price consolidating....to screen stocks which are about to breakout...i do see peoeple recommending narrow bollinger bands and breakout of upper band with volumes as a way to identify breakout.

 

[biyasc]

What to look out for breakout ?????
Now that you know three tactical approaches to trading the breakout, lets look at how to recognize which OR breakouts are the best to trade. a quick checklist for evaluating a stocks price and volume action. Remember these criteria are used not only to find stocks that are likely to lead to a successful breakout, but also to define good risk points based on the stocks price and volume action.
1. Good consolidation before the breakout
2. High relative volume at the breakout
3. A clean breakout followed by bullish price action
4. A bullish big picture

N.B : Knowledgable persons should only mock on the abv points if they want to help and share their knowledge

are you talking about opening range breakout?