[Tryst]

Or from the weekend scans I\'m adding alerts at the levels (w price padding )Etsy - 141SPWR - 21.70NOVA - 35 I'll put half the position on the open only if we got breakout above resistance on 2-3x volume. It's best to trade on the 2hour time frame to see breakout w strong volume coming in. When would you add the other half of the position? At the close? Thanks

A little known technique that I use to look at intraday volume is on the IBD chart. As it has a feature that shows the percentage that the volume is compared to the 50 day average volume at that time of day. So for example if its 100% vs 50-day MA or more in the first 30 mins then that gets my attention if its near the breakout level. It doesn't mean its going to stay that way all day though, and may tail off, but just means that compared to the first 30 mins of every day from the last 50 days that's it's more than 2x the average. So I always check this to see if the volume is strong at the potential entry, and like to see 200%+ for the time of day. But will still go with 50% or more if the setup is correct.

Here's the link: https://research.investors.com/stock-cha...type=daily



With regards to breakouts on low volume. This happens all the time, but is less likely to lead to a very strong move higher.

Really useful link that, IsaTrader. Been thinking about this a bit recently when alerts have been triggered right at the open and Im trying to gauge whether there is strong buying there..

With the link where you have highlighted the part that shows against the 50-day MA - what time frame is that? If the time (UK based) is 5 minutes after the US open (14:35) will that value against 50-day MA be for that first 5 minutes? Is it an instant value or is there a delay (most free charts have a 20-30 delay).