3SOF

SMTR

Interesting strategy G !

I will try to make a custom filter on Metastock, to find stocks with your setup.

(applaud)

Quote from: Ramsburg on July 16, 2005, 02:17:44 PM

Interesting strategy G !

I will try to make a custom filter on Metastock, to find stocks with your setup.

(applaud)

Thats great!    If a bunch of us scan for these...they will be hard to miss

I think you definitely have a powerful technical setup here eliteG. Any stock can make a single move. But make a move, pullback and then make another move to new highs only fundamentally backed stories can do that, I guess.

I guess Ramsburg, who knows how to program Metastock like no one (well, I know a master on Metastock programming, but he doesn't write here (for now, how about inviting him Ramsburg?) could test your rules and find their accuracy rate.

Another real good trick with this setup is that when you buy on the second breakout, you can set a simple stop rule of closing the trade if the stock closes back below the breakout level.

With this kind of «net» I'm sure this is a strategy that will bring anyone who executes it a nice performance, perhaps very high performance !

I'll applaud you eliteG, amazing post here !

I like that exit rule but I have found some cases where you need a bit more room to retrace...you know what?  I'll just keep on posting the charts I used for my research.  This way we will all have a bunch of data to come up with something 

I would definately like to know the accuraccy rate 

GZFX

DNAG

works with > .50 cent stocks too 

another DNAG

VIVI

IFLB

SHRN - breakout break loss exit works well here 

IBZTE

PTSC

CPTCQ

another CPTCQ