Comments on: Top 5 Qualities Of The Best Stock Breakouts – Trading Strategy

By: Jack Balog

Jack Balog — Fri, 13 May 2016 15:54:38 +0000

In reply to Anonymous. Hi, sorry for the late response. We ALWAYS have well defined stops for every position we enter. Most stops are 4-8% away from the entry. I hope this helps. If you need more clarification please let me know. Thanks.

By: Anonymous

Anonymous — Wed, 11 May 2016 14:24:11 +0000

Hi .I am a little confused about your system. It seems had no stop loss in your system

By: Deron Wagner

Deron Wagner — Tue, 28 May 2013 21:05:13 +0000

In reply to Patrick.

Hi Patrick,

What we liked was the extreme tightening of the consolidation after the trendline was broken on 4/24. When there is such a tight volatility contraction, it usually precedes a resumption of the preceding and dominant trend (which is up in this case). So, we targeted $P for buy entry above the high of the 2 days prior to our 5/1 entry.

Also, bullet point 2 is indeed correct, as March 8 refers to the consolidation that started with that day’s high (multi-month base building), not the micro consolidation of a few days before our 5/1 buy entry.

Hope that answers your questions.

Thanks for dropping us a line.

Deron

By: Patrick

Patrick — Thu, 23 May 2013 19:52:40 +0000

I see the breakout of the T/L on 4/24 but how did you then decide on your entry of $14.20? What triggered you believing the 5 days of consolidation after the T/L break would go higher and break the consolidation period? Also Bullet point 2 in the entry section should read March 8 high, not May 8 high as well. Thanks