BreakOutArtist

BreakOutArtist

Dear Fellow Risk Takers, Here's an update on the ILMN Break out idea. Updates includes> i) Confirmation that breakout is now confirmed ii) New price target Price of Illumina (ILMN) has been rising in an accelerated trend, between Feb 2013 to Feb 2014. Price has risen from around $50 to $180 during this accelerated uptrend period. As with all accelerated...

BreakOutArtist

Hi Yen Risk Takers, This idea is similar on the USDJPY bullish idea I wrote a few days back, but with a different approach in terms of entry level. Usually the entry levels that I wrote are designed on a simple breakout basis. In here I will described another slightly more advanced method for entry. By all means, advanced entry may not necessary mean that the...

BreakOutArtist

Hi all Risk Takers, Here's an idea written for short term traders, tech stock investors and all Apple fans. (1) On the 1 Hourly Chart, we observed clearly that price is trading in a general uptrend line, since May 2014. Evidence of Support are found during May 2014 and Oct 2014 (Up arrows). There are also signs of potential support around Jan 2015 period but...

BreakOutArtist

Hi Yen Risk Takers, Straight to the point> (1) USDJPY is generally trading in a Bullish Environment Since Oct 2013. (2) We note a very clear immediate Elliott Wave formation developing. Currently price is in Corrective Wave 4 with possible Wave 5 projected in the future. Seasoned Elliotticians should be able to spot a bigger Elliott wave at a higher...

BreakOutArtist

Hi Fellow Risk Takers, Here is a Reversal Breakout idea on CISCO (CSCO). (1) During 2008 crisis period, price of Cisco has plunged from around $33 to as low as $13.50 (-56%), which signals an obvious bearish trend. (2) Between March 2009 to August 2011, price has consolidated sideways in a large range ($27.50 – $13.50). We also note the formation of 2...

BreakOutArtist

Dear Fellow Risk Takers, Here's a price chart where in one quick glance, it is clear where the price is very likely to trade, going forward. Regardless, it is still prudent to do our due diligence and work out the details> Price of Illumina (ILMN) has been rising in an accelerated trend, between Feb 2013 to Feb 2014. Price has risen from around $50 to $180...

BreakOutArtist

Dear Fellow Risk Takers, Happy New Year and I bid all of you a very profitable 2015 ahead. Here’s my first Break Out Trading Idea for 2015. Price for ABBV has been trading along a gentle and steady upwards channel, from April 2014 to Nov 2014. Current price action has broken above the upper channel line. In other words, price was gently bullish and now shows...

BreakOutArtist

Hi Fellow Risk Takers, Here is a an update on the Long Utilities ETF that I posted a while back. The information is intended for those who do short to mid term trading and are currently holding long positions on $XLU. If you have no position and are considering to go long, it might be better to stay on the sidelines and watch. It might not be a good idea to...

BreakOutArtist

Hi all, This is an update to the Preemptive Break Out Idea posted earlier this month 1) Price has traded to as low as $82.48 and has now rebounded to $86.90s now. Price did not trigger the $82 Stop Loss, therefore Scenario C is now Ruled out. Also it is a sign of a bear trap where support is broken slightly and reversed strongly on the bullish side. Step 1 to...

BreakOutArtist

Hi Fellow Risk Takers, Here is an idea that is more complicated and may not be suitable for novice traders or the faint-hearted. It is essentially a “Pre-emptive” Break Out idea and it requires guts and precision to execute. (1) DirecTV (DTV) has been trading in an accelerated up trend line, from March 2013 to May 2014. During this period, price has risen from...

BreakOutArtist

(1) Qihoo has been trading in an uptrend from May 2013, until Apr 2014 this Year. During this period price has risen from $42.20 to as high as $120.00s. (2) After breaking the uptrend line mentioned in (1), Price consolidated sideways and subsequently formed an obvious Head & Shoulders Pattern. This bearish Pattern is confirmed when price broke out below the...

BreakOutArtist

Following OPEC's decision to not to reduce Crude oil production on 27 Nov 2014 Thursday, we note a steep drop on Oil related stocks (ie XOP) on Black Friday Morning. Share prices of Airlines have also continued rally on the upside (ie DAL). While we may run the risks of pullbacks if we were to join the Short Oil/ Long Airlines positions, here is an idea on...

BreakOutArtist

IP has been trading along an uptrend line, from June 2012 to June 2013, reaching as high as $48.68. However from June 2013 to now, price has been consolidating sideways between $43 to $50, for about 15 months. This is essentially a very clear Rectangle chart pattern, which indicates a pause in the upward trend in , with an intention to resume the uptrend in...

BreakOutArtist

Hi, this an update to the idea: Why AUDUSD is Likely to Trade Lower Since the idea was posted, price has consolidated retraced to as high as 0.8850. At time of writing, price is trading at 0.8710s and is showing intention to breakout on the downside, forming the Wave 3 (strongest wave) of an Elliott 5 Wave Pattern. In short, price action indicates that it is...

BreakOutArtist

USO has sky dived from $120 (off the chart), on July 2008, to as low as $23 in Feb 2009, signaling a very clear bearish trend. However from July 2009 until now, price has been consolidating sideways between $42 and $30, from July 2009 to June 2012. Subsequently, the sideways range narrowed to $39.40 and $30, from June 2012 up till now. All in all this sideways...

BreakOutArtist

Hi all, We have been reading market chatter about whether the S&P 500 Index is too high and due for a correction, in the face of the recent sell-offs. Hence, I would like to give the technical view of things and perhaps share more about using the Relative Strength Index Indicator (RSI) at the same time. Please take note this is NOT A BREAKOUT trade Idea that I...

BreakOutArtist

Why AUDUSD is Likely to Trade Lower We observed from Feb 2009 to May 2012, AUDUSD has been trading along an uptrend line. This line was broken on May 2012, indicating that the bullish trend was over and we see that price has transition into a sideways consolidation between 0.9500s and 1.0830s for a while. This sideways phase was over when price broke below...

BreakOutArtist

Price has been trading along the solid blue uptrend line, from Sep 2012 to July 2014. However this trend line was clearly broken after the 22 July 2014 Earnings Release. We also note a Head & Shoulder trend reversal pattern, with the neckline convincingly broken past the horizontal neckline of $45.80. This signals that the bullish trend mentioned in point 1 is...