Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

youngsequan

I Need Help Finding These Stocks

Recommended Posts

I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

 

How do i find these stocks on the day it makes the break through?

 

As you can see on the charts I provided, this is what I'm looking for

 

Is there some software when I can preform a scan to find stocks that fit this criteria?

ANR.thumb.jpg.514b3fd02faad345ce131fd25493348a.jpg

PCS.thumb.jpg.071ebfd65f03876c40a28cfe0cdfa75f.jpg

SHLD.thumb.jpg.6c5fdcf6e81b0590ea8263d001bdad26.jpg

Share this post


Link to post
Share on other sites
I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

 

How do i find these stocks on the day it makes the break through?

 

As you can see on the charts I provided, this is what I'm looking for

 

Is there some software when I can preform a scan to find stocks that fit this criteria?

 

any programmable charting software (ie TradeStation, MultiCharts, Ninjatrader, etc.,) can scan for any criteria you like.

Share this post


Link to post
Share on other sites
I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

 

How do i find these stocks on the day it makes the break through?

 

As you can see on the charts I provided, this is what I'm looking for

 

Is there some software when I can preform a scan to find stocks that fit this criteria?

 

Personally I use MetaStock for this kind of query, but like Tams said pretty much every major charting application has this functionality.

 

The real problem you're going to face is how to define support and resistance zones programmatically. None of the aforementioned packages offer a "find major resistance" function out of the box, that's something you'll have to code yourself.

Share this post


Link to post
Share on other sites

Stocks On The Move from Stocks, Investing, Business, and Finance News - Investors.com is a good service to find these kinds of stocks. I like their service because they track what breakout stocks other investors are looking at, too.

 

In terms of software packages, try to find a good Darvas Box indicator for your charting package. They have one available for TradeStation. I like to use Darvas Boxes for breakout support/resistance levels. You can also use the 1/2 width of box, full width of box to 1/2 width / full width of box for targets and stops, so it makes managing your risk:reward at at least 1:1 pretty easy.

 

Hope that's helpful.

 

DaveDM

Share this post


Link to post
Share on other sites
I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

 

How do i find these stocks on the day it makes the break through?

 

As you can see on the charts I provided, this is what I'm looking for

 

Is there some software when I can preform a scan to find stocks that fit this criteria?

 

There are a number of softwares and sites geared towards pattern recognition and / or breakouts.

 

Today's Breakouts Chart Pattern Recognition Scanner

Stock Breakout Trading | Providing Daily Breakout Signals

Chartpattern.com - Free Technical Stock Chart Analysis - Dan Zanger

 

Thomas Bulokowski provides a piece of free sofwtare that tracks emerging software patterns, and most of the bug packages there are 3rd party add ons to do the same

 

What is Autochartist | Autochartist

 

Also look at the Investor BUsiness Daily site which I believe has info to supoprt this.

 

YOu need to scan the web really as many sites offer atch lists and alerts and there are numerous packages claiming to support pattern recognition and hence breakouts.

 

I don't use any of the above sites / systems and am not associated with them, so please ensure you do any due diligence if you look at any of them

Share this post


Link to post
Share on other sites

youngsequan,

use advanced search top of this page. for "peterjerome"

look at post dated 11/24/2010

2 charts attached for NOV show technique used for breakouts using PnF chart.

check it out...if you have any questions, ask.

 

Peter.

Share this post


Link to post
Share on other sites
I noticed when a stock breaks through a major resistance or consolidation, and has increased volume it tends to continue to go up.

 

How do i find these stocks on the day it makes the break through?

 

As you can see on the charts I provided, this is what I'm looking for

 

Is there some software when I can preform a scan to find stocks that fit this criteria?

take a look @ FINVIZ.com - Stock Screener

 

th_20110106195741_Immagine2.JPG

Share this post


Link to post
Share on other sites

There is a service based on the CANSLIM method that lists each day's breakouts based on that method. the basic list is free each day, and there is paid for service for more detail. That may be an easy way to get your watch list and use your own filters as to whaich one s(if any) to follow.

 

Go to Canslim.com to find outr more.

 

Again, I don't have any associatiosn with this service and have not used it, so do due diligence before parting with money for the service and before investing your hard earned money.

Share this post


Link to post
Share on other sites

Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. Will Rogers

 

Genius...was Will talking about Breakouts? IF they don't go up, you DON'T buy.

for those following the breakout stuff, I listed 10 breakout candidates earler and 9 of them didn't go up.

the one that did go up was ALK. if you bought ALK at breakout on 1/7/11 you're up 3.4%. breakout traders see the nuance comments on BB(bollinger band) on attached chart

 

if you use the CCI method(my preference) you're up +10%. i posted earlier on this method, but here's the analysis for ALK.

entry on 1/5/11 two days before the breakout.

 

requirements for entry:

1) trendline break TLB,

2)cross above significant level. (in this case the +100 line),

3) Swing Low Pivot occurs. (LOW followed by Lower LOW, followed by Higher LOW

there are also several nuances identified. (nuances increase your edge slightly like getting 51% vs. 50% in Vegas). nuances become more "visible" the more years you watch them. .

peter

5aa710567e694_ALKBreakout.thumb.png.6649612b5c6d3a7ce26166370eccb0fc.png

Share this post


Link to post
Share on other sites

more will rogers:

3 of 10 stocks on the W.R. breakout list triggered and are profitable.

ATK, ANDE, UNH.

could TBL be next...27 getting close

WARNING, TRADING IS VERY RISKY...YOU COULD LOSE ALL YOUR MONEY !!!

peter.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • also ... and barely on topic... Winners (always*) overpay. Buying the dips is a subscription to the belief that winners win by underpaying - when in actuality winners (inevitably/always*) win by overpaying... it’s amazing the percentage of traders who think winners win by underpaying ... “Winners (always*) overpay.” ...  One way to implement this ‘belief’ is to only reenter when prices have emphatically resumed the 'trend' .   (Fwiw, While “Winners (always*) overpay.” holds true in most endeavors (relationships, business, sports, etc...) - “Winners (always*) overpay.”  is especially true for auctions... continuous auctions included.)
    • re:  "Does it make sense to always buy the dips?  “Buy the dip.”  You hear this all the time in crypto investing trading speculation gambling. [zdo taking some liberties] It refers, of course, to buying more bitcoin (or digital assets) when they go down in price: when the price “dips.” Some people brag about “buying the dip," showing they know better than the crowd. Others “buy the dip” as an investment strategy: they’re getting a bargain. The problem is, buying the dip is a fallacy. You can’t buy the dip, because you can't see the total dip until much later. First, I’ll explain this in a way that will make it simple and obvious to you; then I’ll show you a better way of investing. You Only Know the Dip in Hindsight When people talk about “buying the dip,” what they’re really saying is, “I bought when the price was going down.” " ... example of a dip ... 
    • Date: 19th April 2024. Weekly Commodity Market Update: Oil Prices Correct and Supply Concerns Persist.   The ongoing developments in the Middle East sparked a wave of risk aversion and fueled supply concerns and investors headed for safety. Hopes for imminent rate cuts from the Federal Reserve diminish while attention is now turning towards the demand outlook. The Gold price hit a high of $2417.89 per ounce overnight. Sentiment has already calmed down again and bullion is trading at $2376.50 per ounce as haven flows ease. Oil prices initially moved higher as concern over escalating tensions with the WTI contract hit a session high of $85.508 per barrel overnight, before correcting to currently $81.45 per barrel. Oil Prices Under Pressure Amid Middle East Tensions Last week, commodity indexes showed little movement, with Oil prices undergoing a slight correction. Meanwhile, Gold reached yet another record high, mirroring the upward trend in cocoa prices. Once again today, USOil prices experienced a correction and has remained under pressure, retesting the 50-day EMA at $81.00 as we moving into the weekend. Hence, despite the Israel’s retaliatory strike on Iran, sentiments stabilized following reports suggesting a measured response aimed at avoiding further escalation. Brent crude futures witnessed a more than 4% leap, driven by concerns over potential disruptions to oil supplies in the Middle East, only to subsequently erase all gains. Similarly with USOIL, UKOIL hovers just below $87 per barrel, marginally below Thursday’s closing figures. Nevertheless, volatility is expected to continue in the market as several potential risks loom:   Disruption to the Strait of Hormuz: The possibility of Iran disrupting navigation through the vital shipping lane, is still in play. The Strait of Hormuz serves as the Persian Gulf’s primary route to international waters, with approximately 21 million barrels of oil passing through daily. Recent events, including Iran’s seizure of an Israel-linked container ship, underscore the geopolitical sensitivity of the region. Tougher Sanctions on Iran: Analysts speculate that the US may impose stricter sanctions on Iranian oil exports or intensify enforcement of existing restrictions. With global oil consumption reaching 102 million barrels per day, Iran’s production of 3.3 million barrels remains significant. Recent actions targeting Venezuelan oil highlight the potential for increased pressure on Iranian exports. OPEC Output Increases: Despite the desire for higher prices, OPEC members such as Saudi Arabia and Russia have constrained output in recent years. However, sustained crude prices above $100 per barrel could prompt concerns about demand and incentivize increased production. The OPEC may opt to boost oil output should tensions escalate further and prices surge. Ukraine Conflict: Amidst the focus on the Middle East, markets overlooking Russia’s actions in Ukraine. Potential retaliatory strikes by Kyiv on Russian oil infrastructure could impact exports, adding further complexity to global oil markets.   Technical Analysis USOIL is marking one of the steepest weekly declines witnessed this year after a brief period of consolidation. The breach below the pivotal support level of 84.00, coupled with the descent below the mid of the 4-month upchannel, signals a possible shift in market sentiment towards a bearish trend reversal. Adding to the bearish outlook are indications such as the downward slope in the RSI. However, the asset still hold above the 50-day EMA which coincides also with the mid of last year’s downleg, with key support zone at $80.00-$81.00. If it breaks this support zone, the focus may shift towards the 200-day EMA and 38.2% Fib. level at $77.60-$79.00. Conversely, a rejection of the $81 level and an upside potential could see the price returning back to $84.00. A break of the latter could trigger the attention back to the December’s resistance, situated around $86.60. A breakthrough above this level could ignite a stronger rally towards the $89.20-$90.00 zone. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past perfrmance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 18th April 2024. Market News – Stock markets benefit from Dollar correction. Economic Indicators & Central Banks:   Technical buying, bargain hunting, and risk aversion helped Treasuries rally and unwind recent losses. Yields dropped from the recent 2024 highs. Asian stock markets strengthened, as the US Dollar corrected in the wake of comments from Japan’s currency chief Masato Kanda, who said G7 countries continue to stress that excessive swings and disorderly moves in the foreign exchange market were harmful for economies. US Stockpiles expanded to 10-month high. The data overshadowed the impact of geopolitical tensions in the Middle East as traders await Israel’s response to Iran’s unprecedented recent attack. President Joe Biden called for higher tariffs on imports of Chinese steel and aluminum.   Financial Markets Performance:   The USDIndex stumbled, falling to 105.66 at the end of the day from the intraday high of 106.48. It lost ground against most of its G10 peers. There wasn’t much on the calendar to provide new direction. USDJPY lows retesting the 154 bottom! NOT an intervention yet. BoJ/MoF USDJPY intervention happens when there is more than 100+ pip move in seconds, not 50 pips. USOIL slumped by 3% near $82, as US crude inventories rose by 2.7 million barrels last week, hitting the highest level since last June, while gauges of fuel demand declined. Gold strengthened as the dollar weakened and bullion is trading at $2378.44 per ounce. Market Trends:   Wall Street closed in the red after opening with small corrective gains. The NASDAQ underperformed, slumping -1.15%, with the S&P500 -0.58% lower, while the Dow lost -0.12. The Nikkei closed 0.2% higher, the Hang Seng gained more than 1. European and US futures are finding buyers. A gauge of global chip stocks and AI bellwether Nvidia Corp. have both fallen into a technical correction. The TMSC reported its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker. The main chipmaker to Apple Inc. and Nvidia Corp. recorded a 9% rise in net income, beating estimates. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 17th April 2024. Market News – Appetite for risk-taking remains weak. Economic Indicators & Central Banks:   Stocks, Treasury yields and US Dollar stay firmed. Fed Chair Powell added to the recent sell off. His slightly more hawkish tone further priced out chances for any imminent action and the timing of a cut was pushed out further. He suggested if higher inflation does persist, the Fed will hold rates steady “for as long as needed.” Implied Fed Fund: There remains no real chance for a move on May 1 and at their intraday highs the June implied funds rate future showed only 5 bps, while July reflected only 10 bps. And a full 25 bps was not priced in until November, with 38 bps in cuts seen for 2024. US & EU Economies Diverging: Lagarde says ECB is moving toward rate cuts – if there are no major shocks. UK March CPI inflation falls less than expected. Output price inflation has started to nudge higher, despite another decline in input prices. Together with yesterday’s higher than expected wage numbers, the data will add to the arguments of the hawks at the BoE, which remain very reluctant to contemplate rate cuts. Canada CPI rose 0.6% in March, double the 0.3% February increase BUT core eased. The doors are still open for a possible cut at the next BoC meeting on June 5. IMF revised up its global growth forecast for 2024 with inflation easing, in its new World Economic Outlook. This is consistent with a global soft landing, according to the report. Financial Markets Performance:   USDJPY also inched up to 154.67 on expectations the BoJ will remain accommodative and as the market challenges a perceived 155 red line for MoF intervention. USOIL prices slipped -0.15% to $84.20 per barrel. Gold rose 0.24% to $2389.11 per ounce, a new record closing high as geopolitical risks overshadowed the impacts of rising rates and the stronger dollar. Market Trends:   Wall Street waffled either side of unchanged on the day amid dimming rate cut potential, rising yields, and earnings. The major indexes closed mixed with the Dow up 0.17%, while the S&P500 and NASDAQ lost -0.21% and -0.12%, respectively. Asian stock markets mostly corrected again, with Japanese bourses underperforming and the Nikkei down -1.3%. Mainland China bourses were a notable exception and the CSI 300 rallied 1.4%, but the MSCI Asia Pacific index came close to erasing the gains for this year. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.vvvvvvv
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.