For those that follow qullamaggie and have followed the thread here:
https://www.elitetrader.com/et/threads/kris-kullamagi-breakout-setups.362667/
As part of his studies he created a database of charts of stocks that have made massive moves. In an effort to do something similar, I have done...
Appreciate the comments! It is all a work in progress and you might be right on some points. I have a day job in corporate IT which pays really well and I am completely phasing out consulting services for algo development. If I ever do consulting again it will be at the enterprise level where...
They could barely even push SPY below the 50 day SMA. Nice move up and consolidation on the hourly ending with a nice big up candle. Market is going to rip higher. Shorts....assume the position...bend over and grab your ankles. This is going to be painful for you.
Daily
Hourly
Overall, I think you are on the right track. Find a stock or whatever you think is going to go up and look for optimal entry points. There is no one right or wrong answer to this. I bought this today as an anticipation break out with a half position. Stock rallied from 38, hit the high...
Bounce off the equity lows thanks to my MES trade which exited a couple of days ago at the swing high. Got in some stock trades with smaller size today...should have reduced size sooner when things were clearly not working out.