Breakouts Flashcards
(14 cards)
When to exit on long trade?
When 20 ma crosses the 40 ma.
When the trending support line is broken.
Or if stop loss equals -1 R
On an uptrend, where do you buy a down sloping flag?
After it breaks the new resistance line, after the break out candle, .5 cents above the first candle hi.
What is a very high probability technique?
Breakouts
When do you buy a break out
One day after the break out candle, .5 cents above the candle.
What order do you place .5 cents higher for the breakout candle?
Buy stop limit order
Go to youtube
The basics of stop limit orders in two minutes.
How many touches confirm a trend before buying?
Three, maybe two.
For trend confirmation?
How do you confirm an up trend?
By moving averages:
50 MA greater than 150 ma
20 EMA greater than 40 EMA
What measures meeting in terms of trend?
15 MA over 150 Ma
Which trend should the break out buy be near?
20 EMA.
The FI/force index does what?
Measures volume
What does the Mac D do?
It must cross about the same no way.Do you do you what?
On a long position, one is a parabolic star?
The dot shows the beginning movement of strength.
What is the Mack D histogram used for?
It shows bargraph to indicate rising volume?
What is an over extended break out?
A new high caused by a lower parabolic increase that reaches the resistance.
