StockFetcher Forums · Stock Picks and Trading · UPS Ascending Triangle Breakout.<< 1 2 3 4 >>Post Follow-up
Mactheriverrat
3,135 posts
msg #159435
Ignore Mactheriverrat
8/11/2022 6:05:57 PM

Well WLK is the only real play as far as Ascending Triangle breakout trading is concerned.

Mactheriverrat
3,135 posts
msg #159443
Ignore Mactheriverrat
8/12/2022 1:49:51 PM

Not bad at all If I say so myself.
PFE needs to break above resistance line.
SWIM Breaking above resistance line
MOMO needs to break above resistance line
HIMX breaking above resistance line

WLK from yesterday having a good follow through.



shillllihs
5,979 posts
msg #159444
Ignore shillllihs
modified
8/12/2022 1:52:27 PM

You are giving a great effort given the economic situation.
Way to go MAC!

styliten
279 posts
msg #159445
Ignore styliten
modified
8/12/2022 2:00:18 PM

@ Mac

Just shown up on the radar now,

Symlist(BRCC, VLDR, ELAN, HAYW, WH, SMTC, HCC, SIMO, ALKS, NEM, BSAC)

20220812a

Mactheriverrat
3,135 posts
msg #159450
Ignore Mactheriverrat
8/12/2022 9:43:16 PM

Actually shillllihs I'm rather surprised by the amount of Ascending triangles that show up.
I'm still narrowing down the fields but everyday I go through my EMA 13 above EMA 13 one day ago. I draw support and resistance in any resemblance of Ascending triangles. After about a week to 10 days one will have more than enough to where one can see Ascending triangles forming patterns of breakouts. Then I look at the EMA 13 above MA 20 from day one. I can then make a symlist of good pattens. It takes a little bit of work but I've been messing with this for about three to four weeks. Like with everything that nothing is perfect but messing with Ascending triangles breakouts sure improves the odds.

Draw ema(13)
draw ma(20)
and RSI(14) for way overbrought positions which is usually around some past resistance.

/* 1313 is number of consecutive days EMA(13) above (+)/below(-) previous EMA(13) */
set{1313b,days( ema(13) is above ema(13) one day ago ,250)}
set{1313a,days( ema(13) is below ema(13) one day ago,250)}
set{13x13, 1313a - 1313b} and add column 13x13 {13_x_13}
Set{cntema13aboveema13,count( eMA(13) > eMA(13) 1day ago,1)}
draw cntema13aboveema13

Set{cntema13aboveema13b,count( eMA(13)< EMA(13) 1day ago,1)}

draw cntema13aboveema13b

/*e13m20 is number of consecutive days ema(13) above5(+)/below(-) previous MA(20) */
set{e13m20b,days( ema(13) is above MA(20) ,250)}
set{e13m20a,days( ema(13) is below MA(20) ,250)}
set{e13m20, e13m20a - e13m20b} and add column e13m20{e13m20}
do not Draw e13m20

Set{cntema13overm20,count( ema(13) > ma(20) ,1)}
draw cntema13overm20
Set{cntema13overm20b,count( ema(13) < ma(20) ,1)}
draw cntema13overm20b/*e13m20 is number of consecutive days ema(13) above5(+)/below(-) previous MA(20) */
set{e13m20b,days( ema(13) is above MA(20) ,250)}
set{e13m20a,days( ema(13) is below MA(20) ,250)}
set{e13m20, e13m20a - e13m20b} and add column e13m20{e13m20}
do not Draw e13m20

Set{cntema13overm20,count( ema(13) > ma(20) ,1)}
draw cntema13overm20
Set{cntema13overm20b,count( ema(13) < ma(20) ,1)}
draw cntema13overm20b

Its simple and its works. Don't need 10000 indicators to just give one Analysis Paralysis.


Mactheriverrat
3,135 posts
msg #159451
Ignore Mactheriverrat
8/12/2022 9:49:30 PM





Mactheriverrat
3,135 posts
msg #159464
Ignore Mactheriverrat
8/15/2022 10:45:08 PM

Ascending Triangle breakout on above average volume.


Mactheriverrat
3,135 posts
msg #159471
Ignore Mactheriverrat
8/18/2022 12:14:22 PM



Mactheriverrat
3,135 posts
msg #159472
Ignore Mactheriverrat
8/18/2022 4:40:18 PM

Thursday End of day


Mactheriverrat
3,135 posts
msg #159474
Ignore Mactheriverrat
8/19/2022 8:44:09 PM

Ascending triangles is catching the breakout more or less and riding the trend. Some days price is up and some days it's down.




StockFetcher Forums · Stock Picks and Trading · UPS Ascending Triangle Breakout.<< 1 2 3 4 >>Post Follow-up

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