StockFetcher Forums · General Discussion · Breakout Trading Webinar (Kunal Desai) - owner of BullsonWallstreet.<< 1 2 3 4 >>Post Follow-up
Mactheriverrat
2,639 posts
msg #154628
Ignore Mactheriverrat
11/16/2020 1:55:21 AM



snappyfrog
360 posts
msg #154636
Ignore snappyfrog
11/16/2020 8:12:19 PM

Good video

Mactheriverrat
2,639 posts
msg #154638
Ignore Mactheriverrat
11/16/2020 11:24:52 PM

Damm good video!!!!

Mactheriverrat
2,639 posts
msg #154647
Ignore Mactheriverrat
11/17/2020 2:12:13 PM

Draw high 4 week high

set{ratio1, price / above high 4 week high }
and add column ratio1
and add column ratio1 one day ago

draw ratio1 line at 1.00
draw ratio1 line at 0.99
draw draw ratio1 line at 0.98

--------------------------------

sort column from 1.00 downwards. See where price is setting up to breakout of high 4 week high.


Cheese
1,082 posts
msg #154653
Ignore Cheese
11/17/2020 9:32:17 PM

Thank you very much, Mac
Fetcher[
/*
https://www.stockfetcher.com/forums/General-Discussion/Breakout-Trading-Webinar-Kunal-Desai-owner-of-BullsonWal/154628
Breakout Trading Webinar (Kunal Desai) - owner of BullsonWallstreet.
Mactheriverrat 11/17/2020 2:12:13 PM
*/

symlist(XLB,XLC,XLE,XLF,XLI,XLK,XLP,XLRE,XLU,XLV,XLY,SPY,QQQ,IWM,DIA)

chart-time 2 months

Draw high 4 week high

set{ratio1, price / above high 4 week high }
and add column ratio1
and add column ratio1 one day ago

draw ratio1 line at 1.00
draw ratio1 line at 0.99
draw draw ratio1 line at 0.98

SORT COLUMN 6 DESCENDING
]



Mactheriverrat
2,639 posts
msg #154654
Ignore Mactheriverrat
11/18/2020 5:57:30 AM



ron22
239 posts
msg #154661
Ignore ron22
11/18/2020 12:07:10 PM

Mac, the video is very good. Thank you.

Mac & Cheese, thank you both for the filter which looks promising.

Mac, You obviously did not use Cheese's symlist when you found HYLN. Did you review hundreds of charts to find HYLN or did you reduce the potential selections via price, volume, particular market, or your own personal watchlist? I am just trying to figure out the best way to trade this filter. Thanks a lot.

Mactheriverrat
2,639 posts
msg #154662
Ignore Mactheriverrat
modified
11/18/2020 1:51:02 PM

using the below code

----------------
Draw high 4 week high

set{ratio1, price / above high 4 week high }
and add column ratio1
and add column ratio1 one day ago

draw ratio1 line at 1.00
draw ratio1 line at 0.99
draw draw ratio1 line at 0.98


sort column from 1.00 downwards. See where price is setting up to breakout of high 4 week high.

look for previous resistance area's and draw a trend line. breakout out happens when price close's above previous resistance levels.
Make sure you have a stop loss sell order so you don't get taken to the cleaners in a false breakout. If a breakout then move you stops as you need them.

------------------------
My filter
RSI(12) above 45.00
market is not otcbb
market is not etf
price is below 30
price is above 0.01
Volume above 400000

-------------------------

sort column from 1.00 downwards every day. Make a watch list and keep you near breakout on it. Draw previous resistance trend line and you will start to see more and more breakouts as the happen just like in the video.

To me people seem to think you need some type of Holy Grail Indicator. One thing is for sure. Everyone from Warren Buffet's traders to the newest trader see's price action and volume.

Mactheriverrat
2,639 posts
msg #154663
Ignore Mactheriverrat
11/18/2020 1:53:44 PM



ron22
239 posts
msg #154666
Ignore ron22
11/18/2020 5:38:53 PM

@Mac, Thank you very much for your detailed explanation. This gives me a clear plan regarding how to use this filter. Good Trading. Ron

StockFetcher Forums · General Discussion · Breakout Trading Webinar (Kunal Desai) - owner of BullsonWallstreet.<< 1 2 3 4 >>Post Follow-up

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