BreakOutArtist

BreakOutArtist

Hi all! This is 2nd update to the TWX Trading Plan, which aims to capture the potential bullish breakout move of an Ascending Triangle Pattern. If you recall from the previous update, I exercised judgement and declared that the Break Out Trading Plan can be executed. Also there's a portion of the plan that mentions about shifting of the Stop Loss> Shifting of...

BreakOutArtist

Hi all! This is the update to the TWX Trading Plan, which aims to capture the potential bullish breakout move of an Ascending Triangle Pattern. If you recall, the Traing Plan have the below conditions> Initial Long Entry Condition: Only when BOTH conditions A) AND B) , listed below, are TRUE : A) If price is does not do a daily close below the blue...

BreakOutArtist

Hi all! This Trading Plan is about capturing the potential bullish breakout move of an Ascending Triangle Pattern. The Ascending Triangle Pattern occurs when price is continuously trending higher against a flat resistance level. This leads to an accumulation of buying pressure as bears keeps holding the resistance line, against bulls which are aggressively buying...

BreakOutArtist

Hi all, This is an update to the Short OGE Trading Plan, which is about Trading a Double Top Pullback. Update as of 29 June 2015: Market has plunged sharply down from $31.20 in the last update to as low as 28.65 on 25 June, and currently hovering at $28.80s. At this point, the bears have used up much bearish momentum pushing the price to $28.65 and we are...

BreakOutArtist

Hi all, This is an update to the Short OGE Trading Plan, which is about Trading a Double Top Pullback. Update: Market has broken out below support level of 31.15 and closed on 02 June 2015 at 30.55. Since price has decided to break out below, the bearish momentum should carry price lower towards the profit target of 29.00. Shifting of Stop Loss to Break...

BreakOutArtist

Hi all, This is an update to the Short OGE Trading Plan, which is about Trading a Double Top Pullback. The Earnings Release on 7 May 2015 showed better than expected results. This has driven price to open higher at 32.23, reaching as high as 32.38 before closing the day at a loss for $31.96. This price action shows that the Earnings Release has failed to...

BreakOutArtist

Hi all, Here is a Plan which is about Trading a Double Top Pullback. In trend reversal chart patterns, after the initial breakout move, there is a tendency for price to retrace towards the breakout line, before continuing the trend reversal move. This setup provides a good entry as the Stop loss level is clear and tend to have a low probability of losing, if the...

BreakOutArtist

(1) CTRP Has been trading in a general uptrend from May 2013 to around Nov 2014. Price has risen from $20 to as high as $68 during this period. The uptrend was convincingly broken on 01 Dec 2014, when price closed below the trend line and did not perform a false break move. (2a) We observed that breaking of the trendline in (1), is essentially a clean break...

BreakOutArtist

Hi Fellow Risk Takers, This is an update on the "GOOGLE Short Squeeze" Trading Idea, especially for those who traded on this idea. (What is the current Price and Technical Level?) After the idea was posted, Price did a bearish retracement move to as low as 531.00 before making the breakout move upwards. However this retracement move did not trigger any stop...

BreakOutArtist

Hi all Fellow Risk Takers, Here is an update on the "Preemptive Break Out Idea for DirecTV" PREVIOUSLY The main concept was to enter long DTV when price was cheap at $84.00, trusting that support buying will come in and push prices higher, leading to an eventual Rectangle Pattern breakout. Three Scenarios, labelled A, B and C were projected. Worst case...

BreakOutArtist

Hi Fellow Risk Takers, Here is an update to the Trend Reversal Breakout idea on CISCO ($CSCO), posted during January (Potential Multi-Year Trend Reversal Spotted for CISCO) This idea is ideally intended for the long term, up to 1 year or even longer. (1) During 2008 crisis period, price of Cisco has plunged from around $33 to as low as $13.50 (-56%), which...

BreakOutArtist

Hi Fellow Risk Takers, I have been mainly writing about Breakout Ideas for a while now, so let's change things around and talk about trading False Breakouts. There will be times when Breakouts in chart patterns may fail to continue in the intended direction, leading to a False Breakout. The moment market realizes that group of traders are caught in a false...

BreakOutArtist

Hi Fellow Risk Takers, I have been mainly writing about Breakout Ideas for a while now, so let's change things around and talk about trading False Breakouts. There will be times when Breakouts in chart patterns may fail to continue in the intended direction, leading to a False Breakout. The moment market realizes that group of traders are caught in a false...

BreakOutArtist

Hi Fellow Risk Takers, I have been mainly writing about Breakout Ideas for a while now, so let's change things around and talk about trading False Breakouts. There will be times when Breakouts in chart patterns may fail to continue in the intended direction, leading to a False Breakout. The moment market realizes that group of traders are caught in a false...

BreakOutArtist

Hi Yen Risk Takers, This is an update to the update on a previously an idea was posted that Yen hav a potential to breakout on the bullish side (USDJPY > 3 Simple Reasons to Prepare for a Bullish BreakOut) The stated Breakout Entry Condition is for price to convincingly trade and sustain above 119.90. Based on the current price action, I judged that the...

BreakOutArtist

Hi all Fellow Risk Takers, Here is an update on the "Preemptive Break Out Idea for DirecTV" (1) The main concept was to enter long DTV when price was cheap at $84.00, trusting that support buying will come in and push prices higher, leading to an eventual breakout. Three Scenarios, labelled (A), (B) and (C), were projected. Worst case scenario (C), where price...

BreakOutArtist

Hi Fellow Risk Takers, For those who trade using Chart Patterns, you will realize soon enough that real life charts look quite different from theoretical patterns mentioned in Chart Patterns literature. Here is an "Perfect Short" idea where price action are clear as day and a few separate chart patterns come together to build a solid projection to go Short. ...

BreakOutArtist

Hi Fellow Short Term Traders, Tech Stock Investors and all Apple fans, Here's an update to my previous idea, "Potentially Fund a New Phone With 250 Apple Shares & This Idea". Essentially the price target of $118.90 has been met, so congratulations for those who have closed and booked their profits. For those who are long and have yet to close, I know what most...