Please post any questions on trading shares here
Monday, December 19, 2005GrowMoney Quick Picks & Breakouts
19 Dec 05, 17:07Archer: Newbie to this field. Eager to learn how to trade shares. Wants to know how to spot breakout . How did u arrive at the list in the quick pick? Thnx
Ans: There are many forms of breakouts. While I did not learn about the rest, the 2 breakouts i studied in details are as follows: a) Breakout of 20 days high, 50 days high. b) Breakout in terms of price difference as compared to previous session with volume more than 25% or 50%. The % is determined by you as you grew more experienced and tune it to capture more accurate breakouts. 19 Dec 05, 13:08sonjoy: The X-pert from Chartnexus not easy to use. Ans: Please contact the support team from Chartnexus. They are a friendly bunch of people and will be happy to help. 19 Dec 05, 11:45Her: Decpher! How do you spot a breakout before it breaks out? I still cannot figure it out! Help! Thanks! Ans: I do not spot a breakout before it happens. Normally, i will spot it after it has done so or sometime right before the market close at 5pm. For me, Chart formation + good volume == breakout! # posted by decipher @ 6:33 AM
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