Saturday, April 5, 2008

Bounce versus Breakout

I get questions from time to time on the differences between a Bounce and a Breakout. If you would like me to post an informational blurb on Bounces versus Breakouts, leave me a comment response to the affirmative. If I get a lot of responses, I will go ahead and create the post.

One thing about posting comments. I purposely allowed even anonymous responses so it would be easy for any viewer to respond. This is a free, open web page, so anyone can view it. You don't have to "sign up" to comment, and you don't have to give your name.

I have gotten enough responses that I will go ahead and post some information about a Bounce versus a Breakout. I'll work on it throughout the week.
Posted by at

13 comments:

  1. stevecApril 6, 2008 at 9:16 AM

    To be honest with you, anything you can write that i can refer to is very helpfull. So if you would write up something on breakout versus bounce, go for it.

    Thank you in advance,
    Steve C

    ReplyDelete
  2. Ken MApril 6, 2008 at 9:44 AM

    Dwight, YES pls post it. When you teach, we learn ... it's that simple. Thanks for the watchlist !!!!!!!!

    Also, is it your intention for your blog to be more of a Dwight posts and we comment OR Diwght posts, we comment and ask questions and Dwight will try to reply to those questions ?????

    ReplyDelete
  3. AnonymousApril 6, 2008 at 10:16 AM

    Thank for the watchlists!!! They were very helpful.

    ReplyDelete
  4. SungApril 6, 2008 at 10:17 AM

    Would love to see the the write up and how you would play either scenarios when it happens. I have learned to trade alot better since I have started attending your classes. I am currently in Malaysia and I still attend your class regularly, heh.

    ReplyDelete
  5. AnonymousApril 6, 2008 at 10:46 AM

    Dwight,

    Would appreciate the posting.I agree with Steve, anything you write would be helpful.

    Thanks,

    Gary

    ReplyDelete
  6. Scott MooreApril 6, 2008 at 10:48 AM

    Absolutely,

    What times do teach virtual coaching? I've only attended one of your classes, and have read your blog faithfully ever since, but I can't narrow down what time that was. Or if anyone else can chime in here and let me in the loop, I would be most greatful.

    Thanks a lot

    -Scott

    ReplyDelete
  7. Dwight AndersonApril 6, 2008 at 11:33 AM

    In answer to Ken: go ahead and ask questions here, I will answer them as I can. A lot of the posts I do between phone calls at work, so I'm not in an ideal format yet, but we shall see.....
    In answer to Scott: when you are on the Investools Website you will see a "Search" box in the upper right corner. Type in virtual coaching and the first link in the pop-up box is the virtual coaching schedule. You will see me there on Wednesday morning, and Thursday and Friday evening.

    ReplyDelete
  8. RobertApril 6, 2008 at 2:10 PM

    Dwight:
    I would most definitely like your insights on a bounce vs a breakout. If you could address a few questions in this area I'd sure a appreciate it.
    1) Breakouts-
    a) What volume level (increase) do you require to consider it a legit breakout? ie: 25% above the 20 day avg.
    b: What time of the day would you take the trade? ie: Wait until near the close of the breakout day? or based on market conditions take it interday?
    2) Bounces-
    a) Do you have volume requirements ?
    b) Do you "target shoot" these much or wait for such things as once it's so high above support or below resistance to enter the trade or like a process of breaking the high of the low day, etc.?
    3) Do you tend to only take these trades if they are following the general market-or will you consider some of them separate-like the commodity plays this paste week?
    Just workin' to establish a process that's, as you would consider, repeatable and highly probable.
    ----------------------------------
    I agree with Steve, anything your write (and have written) has been very helpful.

    Thanks for sharing with us your trading processes that are repeatable, highly probable and highly profitable$$!!!

    Robert
    CANI

    ReplyDelete
  9. ChristinaApril 6, 2008 at 7:50 PM

    Hi Dwight,
    I have my "Dwight" notebook and pen ready to go. Always eager to soak in what you have to share.

    Another question I have is at what point in a bottom or reversal of trend do you feel confortable getting into trade. For example, on a downward trend, do you get in at the first higher low or wait for confirmation a second higher low?

    ReplyDelete
  10. robertApril 6, 2008 at 7:51 PM

    Agree w/Steve...everything you've posted is helpful...

    ReplyDelete
  11. AnonymousApril 7, 2008 at 5:03 AM

    Bounce Versus Breakout would be great.Anything I can look at and read over&over helps me out being new trading.

    Thanks
    Jim

    ReplyDelete
  12. AnonymousApril 7, 2008 at 9:55 AM

    I would love to learn the difference between a Bounce and a Breakout. Thank you. Doreen

    ReplyDelete
  13. AnonymousApril 14, 2008 at 7:14 AM

    Dwight,

    Thanx for posting the candlesticks, however; I can't get them to print. Only the headings. Do U know what I can do about this? Mike

    ReplyDelete

Subscribe to: Post Comments (Atom)