[Tryst]

Hi all,

just touching a bit on what was last discussed here, knowing when to get out of a trade either in full or lightly, and how to use the MAs as a determinant.

Looks at the chart below of L.GLEN. Lets say that an initial trade was placed (a toe in the water so to speak) on the breakout of resistance at around 348 early July, now what would peoples next trade location be based on this chart? Would it be:

a) the next touch of the 10 week MA?
b) the retreat on low volume back to support (prior resistance)?
c) or something else?

Personally, I'd say c) in this case as although GLEN.L broke out into Stage 2A; it did so on only just slightly better than average volume, and then there wasn't any improvement in the week following, and then it pulled back on similar volume on the third week after only making a tiny bit of headway. So that's not the kind of price action I'm looking for, as I want to see a stock explode out of the gates at the Stage 2A breakout point on heavy relative volume - 2x the weekly average is a minimum requirement. Ideally you want to see 3x average weekly volume or much more even as you've got to always be considering the opportunity costs of each trade. You then want to see the stock trade higher for multiple weeks.

Hi Isatrader, do you ever see this kind of volume multiples on FTSE100 Companies? So breakouts on such mammoth equities still brings with it 3-4x volume?