[isatrader]

Thanks for posting the LSE/AIM stocks, Isatrader.

With charts like this which seem to have broken into early stage 2, would you have already built a position at this point or do you wait for pull backs. As in your last post of LSE stocks, Cairn energy is really the only one who hasn't ran away. I would be tempted but I believe its sector 'oil & gas producers' isn't doing to great. It needs to clear 310 to free itself of the most recent significant resistance.

Although CNE has made a Stage 1B / 2A breakout today, and you are correct that it's not clear of the near term resistance yet, and I think the 310 zone is around the area it would become more interesting and a proper 2A, as if you overlay an Ichimoku cloud on the weekly chart that shows the resistance strength you'll see that it needs to at least close above 300 to clear the near term resistance.

Of those charts I like STJ.L the most, as it's been consolidating for around six months, and has made a volatility contraction pattern, where the volatility in the stock has gradually decreased, and now it's broken out to new highs. So it looks like it could go higher as it's still in a strong Stage 2 uptrend, and has made a similar pattern to the "ideal trader" entry pattern this week if you refer back to the book.

I'm finding it very hard to find UK stocks with the same scans that I use for the other countries like the US as the volumes don't seem to behave in the same way, so I have to use the cumulative volume instead as volume on UK stocks and can be very erratic on the charts. So I don't know why this is, but will hazard a guess that dark pools and spread betting could be major reasons for this. As the majority of UK retail traders use spread betting and so the volume doesn't necessarily go into the actual stocks and I'm assuming it is hedged by the firms in other ways, indexes etc. So it's annoying as I feel we are not getting the same information in the UK charts, and makes it harder to identify stocks making the right moves. But hopefully I can come up with a solution for this as as a UK investor myself I need to be finding UK stocks for my portfolio.