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Another Breakout - RDNT

So I got an alert from one of my alerts I set the other day about RDNT breaking 4.27. That was the closest resistance point previously. I got the alert at 11:31 and it stayed just above 4.27 for a few minutes. I drew a line where the resistance is. Once it broke it went up about 4.45 and came back down only to test 4.45 again an hour later. Once it broke 4.45 it spiked up again to 4.71. It is currently at 4.57 which is still far above the alert that I got. In all of the DVDs and gurus I've heard they say find your strategy and stick to what your good at. I believe I found my strategy and have gotten pretty good at find them. Now I just need the bank roll to be able to profit on some of the pricier stocks. I will only be playing these types of plays for awhile until I feel confident trading it.

Level II Basic Tutorial

This is tutorial is very basic just to give the viewer a brief understanding of what Level II is and how it applies to price action. Future tutorials will cover how to use Level II in more detail. Watch this DVD for a better tutorial - Level II

New Video - ThinkOrSwim OnDemand & Breakout Example

New basic lesson about time frames and how to use them

 When looking for breakouts, you obviously want to look intra-day and see how close the stock is to breaking its current resistance point or HOD. But, if you pull the 6 month chart or more, and can find the same resistance points, then you increase the odds of that stock spiking up when it breaks. In the 2 pictures below, the first one is a 10 day 1 minute chart and the other is a 3 month 1 day chart. You can see resistance at .10 on both. On the 10 day chart, when the stock finally broke .10 it spiked all the way to .16. This is how to increase your chances of buying a spike and it spiking enough to profit.

Equity Feed Filter Builder

A missed play but I'm learning - MNTR

I was watching MNTR today and saw that it was consolidating just under $3.00. I mentioned on TimAlerts chat that it could break $3 and when it did that it was going to rise. It ended up breaking $3 and went all the way up to $3.44. On the chart below I marked all the different breakouts that could've been bought into. I stayed on the sidelines today as I made some profit and didnt want to overtrade but I actually made some good calls so I'm proud of myself haha.