SureTrader SureTrader
Home > Boards > Free Zone > Penny Trading - Technical >

Consolidation After High Volume Moves

RSS Feed
      Hide Sticky   Hide Intro
Moderator: EquityMonster83 Assistants: buywhenhurt
Search This Board:
Last Post: 5/16/2015 10:54:51 AM - Followers: 14 - Board type: Free - Posts Today: 0
Consolidation After  High Volume Moves

Mission Statement:
The goal of this board is to find stocks experiencing consolidation after high volume upward moves. This strategy makes it possible to get in a stock without chasing it, and also allows for the possibility of high percent moves. I can't take credit for discovering this method of trading, as I am sure a lot of people trade this strategy.  I personally first learned of this type of strategy from eliteG on thetechnicaltrader.net.  The examples below are actually prepared and posted by eliteG on the stockmanager.com.  

General Rules/Steps for the Setup:
These rules are as described by eliteG.


1.   Rises up heavily in price and volume.  Volume is the key.  It must stand out from past volume.  This rise can last one day..and I would say a max of 7 days.

2.   Falls back for  at least 2 days.  It is very important that you have at least 2 days of fall back according to my research.  Lots of fakeouts happen with just one day of fallback.  Volume is generally less than the volume rise in g1.  Also a rule I use is that the fall back should not penetrate the low of the low of the first candle in g1.  Its a mouthful but the idea is that if this stock showed a strong volume + price rise.. you do not want this stock going back to the levels this happened from.. you want to see support.

3.   Breakout and Run tends to happen if high volume comes back in to push the stock past the highest close(or open, whichever is higher) of the initial high volume move.  Just after the break of this spot on very high volume is imo the best entry.  Penny stocks tend to run 100%.  Higher priced stocks still run but not such a high % usually. 


Chart Examples:
The purpose of this portion of the board is to show examples of charts that exhibited high volume moves, followed by periods of consolidation, and then a large move upon the breakout of the previous high volume move.  By no means can these chart examples be considered standards for this chart setup, but it does show the potential of this setup.






 
PostSubject
#498  Sticky Note Consolidated Watchlist 4-27-2015 EquityMonster83 04/27/15 04:36:22 PM
#305  Sticky Note Remember when you play the sub-pennies. Don't get buywhenhurt 02/06/15 04:08:16 PM
#506   $LFAP 300m a/s at bottom with pending apple TheBrokeTrader 05/16/15 10:54:50 AM
#505   AMBS $0.056 news and new 30 day high buywhenhurt 05/14/15 12:21:26 PM
#504   Penny Watch: LFAP $0.0035 +45%, UAPC constant accumulation buywhenhurt 05/11/15 02:54:43 PM
#503   SIPC breakout today .016 EquityMonster83 05/08/15 03:16:35 PM
#502   What? EquityMonster83 05/01/15 09:15:12 AM
#501   Tomorrow is day one I think for a Brodster 04/30/15 10:50:13 PM
#500   Thanks for the boardmark. Appreciate any tickers you EquityMonster83 04/29/15 12:22:50 PM
#499   Marked the board, nice list below, holding FWDG AdultProdigy 04/28/15 04:30:18 PM
#498   Consolidated Watchlist 4-27-2015 EquityMonster83 04/27/15 04:36:22 PM
#497   URRE EquityMonster83 04/27/15 04:29:28 PM
#496   LOOK EquityMonster83 04/27/15 04:28:25 PM
#495   NYMX EquityMonster83 04/27/15 04:27:42 PM
#494   ENZN EquityMonster83 04/27/15 04:26:19 PM
#493   APPY EquityMonster83 04/27/15 04:25:40 PM
#492   ILED EquityMonster83 04/27/15 04:24:42 PM
#491   Not on the watch list but HEME broke out: EquityMonster83 04/27/15 04:23:52 PM
#490   DGLV EquityMonster83 04/27/15 04:18:46 PM
#489   PZOO .0204 from .011 breakout EquityMonster83 04/27/15 04:14:12 PM
#488   DRRX hit 2.65 from 1.85 breakout EquityMonster83 04/27/15 09:59:13 AM
#487   NGCG brekaout out here of .031 EquityMonster83 04/27/15 09:55:59 AM
#486   PZOO hit .0176 today from .011 breakout. EquityMonster83 04/27/15 09:54:23 AM
#485   THCZ looks to be gaping up...IBIO looking hot! Brodster 04/26/15 11:56:06 PM
#484   DRRX 2.32 going higher from 1.85 breakout EquityMonster83 04/23/15 02:06:04 PM
#483   STOA looking strong today. EquityMonster83 04/23/15 02:04:29 PM
#482   TTNP starting to move a bit EquityMonster83 04/23/15 11:58:29 AM
#481   ITEN EquityMonster83 04/22/15 01:47:40 PM
#480   CNCT EquityMonster83 04/22/15 01:46:17 PM
#479   GBSN hit 6.10 from 3.90 breakout EquityMonster83 04/22/15 01:34:36 PM
#478   DRRX hit 2.30 from 1.85 breakout. EquityMonster83 04/22/15 01:33:42 PM
#477   TLFX courtesy of buywhenhurt EquityMonster83 04/22/15 10:40:25 AM
#476   Got some STOA .0013 EquityMonster83 04/22/15 10:25:31 AM
#475   STOA .0014 breakout EquityMonster83 04/22/15 10:14:27 AM
#474   AVEO breakout 2.03 EquityMonster83 04/22/15 10:13:02 AM
#473   Consolidated Watchlist 4-22-2015 EquityMonster83 04/22/15 09:42:14 AM
#472   PZOO breakout .011 EquityMonster83 04/22/15 09:26:07 AM
#471   OWCP .27 breakout EquityMonster83 04/22/15 09:24:21 AM
#470   http://www.thestreet.com/story/13117638/1/futureworld-fwdg-delivers-dividend-on- AdultProdigy 04/21/15 03:29:39 PM
#469   NGCG EquityMonster83 04/21/15 03:01:41 PM
#468   STOA EquityMonster83 04/21/15 03:01:16 PM
#467   FWDG EquityMonster83 04/21/15 02:54:07 PM
#466   NEWL EquityMonster83 04/21/15 02:53:01 PM
#465   SREH EquityMonster83 04/21/15 02:51:50 PM
#464   TTNP might be starting to move EquityMonster83 04/21/15 02:43:53 PM
#463   TSTS hit .59 from .23 breakout EquityMonster83 04/21/15 02:41:31 PM
#462   AVXL .47 from .24 breakout EquityMonster83 04/21/15 02:40:43 PM
#461   FINW hit .027 from .0129 breakout. EquityMonster83 04/21/15 02:39:27 PM
#460   R E V O - thank you, it's buywhenhurt 04/20/15 12:32:00 PM
#459   Nice call buywhenhurt. Up over 100% today EquityMonster83 04/20/15 12:28:37 PM
#458   TSTS at .51 from .23 breakout EquityMonster83 04/20/15 12:17:32 PM
#457   OWCP close to .27 breakout EquityMonster83 04/20/15 12:16:39 PM
PostSubject