(2013-05-22, 11:53 PM)isatrader Wrote:

(2013-05-22, 11:03 PM)Locked in Wrote: Since the question just came up, I thought I would post this here- What do you guys think about a pullback entry. I'm not sure as it has already breached support..but, I like what you said ISA about waiting for a higher close tomorrow than today's high. I usually just play it by ear as watching the broad market as you said isa but generally pull the trigger without waiting for a definitive close above previous high. I haven't been around very long so it is nice to read that tip-

Hi Locked in, attached is an example of what I was talking about, using the weekly and daily chart of HAL. I can see two potential pullback entries using the method I suggested in the previous post, where it pulled back to the Stage 2A breakout level at 38 and made a swing low. There where other times earlier in the pullback when it also made minor swing lows, so as I said before it's going to be a judgement call, and will need to take the broad market into consideration as well.

As this is an investor method pullback to the Stage 2A breakout point, the stop loss would have been way down below the prior major swing low, as it's not moved up until price moves up to the swing high following the breakout, which was at 43.96, and so would have only been raised in the last week below the final April swing low.

So using this example, I'd say your GREK etf hasn't given a buy-if candle yet, as it's still making lower closes, and first needs to make at least a higher close than the previous day.

I hope that makes sense, and is one fairly simple method. But I think it might be worth doing some swing trading entry research, as this is one of those grey areas that the book doesn't give any guidance on.

(2017-11-08, 12:27 AM)isatrader Wrote:

(2017-11-08, 12:00 AM)Red Barron Wrote: Hi, I just started use PreRealTime, the only free charting website that I could figure out how to plot out all the additional indicators that isatrader recommends for a weekly chart (30MA, a couple simple moving averages, Mansfield Relative Strength Performance, MA for Relative Strength, Force Index, MACD). Weinstein uses weekly charts (weekly frequencies/periods). Do you use weekly charts just to do the initial screening and then switch to daily charts when you get close to making the trade/placing the order? If so, what are all the indicator settings you use for a daily chart? The problem I have with weekly charts is the volume indicator. According to Weinstein, the volume on breakout should be at least double the average volume of the previous 4 weeks. But how do you calculate that accurately when the stock is breaking out early or mid week? So early in the week, the volume for that week is unlikely to be double the average of the previous 4 weeks.

You can see the chart settings for weekly and daily on the following thread: https://stageanalysis.net/forum/showthread.php?tid=47

On the other questions, it might take a bit of reading through the threads, but they have been discussed in quite a lot of detail over the years so is worth looking for.

For a quick answer on the volume. If the breakout is early in the week I estimate what the weekly volume might be by the end of the week based on the days volume. The daily volume on the breakout should be at least 3 times the daily average anyway (I use 200 day average volume). So that is usually more than half the weekly average when that happens or even better more than 2x weekly average on that single day, so there a good chance it will make it to the 2x weekly requirement if strong on the breakout day as money tends to follow money, and if it doesn't it a good sign to take an quick exit, as you only want to be in the stocks with A+ potential. As opportunity costs are key.

(2018-03-19, 01:16 PM)badcharts Wrote: Hi,
I'm seeking guidance for volume on break downs.

Stan says fear is the volume. But I seem to often see good volume on weekly breakdown candles. I like this as I can apply the triple confirmation on stage 4 start.

What are your thoughts?

Regards,

Patrick

(2018-03-19, 11:09 PM)isatrader Wrote:

(2018-03-19, 01:16 PM)badcharts Wrote: Hi,
I'm seeking guidance for volume on break downs.

Stan says fear is the volume. But I seem to often see good volume on weekly breakdown candles. I like this as I can apply the triple confirmation on stage 4 start.

What are your thoughts?

Regards,

Patrick

I may be wrong, but I remember in the past Stan saying that volume on the Stage 4A breakdowns was a less important consideration than on the Stage 2A breakouts, and initial breakdowns are often shorter and sharper than breakouts. However, volume is one of the critical components of the method, so it always helps to see an appropriate increase.

(2018-03-17, 07:42 PM)Red Barron Wrote: On the daily chart, checkout the candle you identified as the 2nd pull back entry. Why couldn't the candle before it qualify as the 2nd pull back entry? It is green and its close is higher than the previous day's high. Did you disqualify it b/c its tail touched the breakout line? https://stageanalysis.net/forum/attachment.php?aid=1300

(2018-03-21, 08:19 AM)Red Barron Wrote: Thanks for the reply. Skiing in the Alps in March sounds awesome. I'll have to study that new technique you're using to confirm pullback entries.

You posted a couple weeks ago that you like to make sure a stock is above its Ichimoku cloud, on the weekly chart, before before buying it. Using that standard sure does eliminate a lot of stocks from consideration, especially those breaking out into Stage 2. Standard settings for the Ichimoku indicator are 9, 26, 52. I think I read somewhere that those settings are applicable regardless of the chart you're using. However, using those settings for a weekly chart will yield a cloud that is at a very different level than on a daily chart. Also, changing the time frame of the chart also changes the cloud. For example, displaying a 3 month chart vs a 1 year chart.

What Ichimoku settings do you use for the weekly and daily charts? Do you change the settings if you change the chart's time frame?

Thanks