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bonkerrs: No need for the apology. I'm happy to help anyone who asks. The effort to get more consistency in your trading actions will definitely pay off. There are two payoffs, more profit and less stress. Win, win.

Volume: is a confirmation factor for me not an essential. Obviously we want to see lower volume during the consolidation and then higher volume on the BO. I do have the volume indicators OBV and TMF on my charts and I prefer to see them rising as price gets closer to the BO level.

RSI: is helpful when looking at PB opportunities, not very helpful with BOs. In PB setups the RSI should be <30, but I wait for price to move up first. In my charts (see PPS chart) you'll notice that the bars turn blue when price moves >2ATR(10) [It's actually the SuperTrend (10,2) indicator]. I scan for this crossover, check to see the pullback is corrective in nature, RSI(7)<30 and then .... Sorry about that, you've got me talking about my PB setups and it's a bit early for that.

The universe is anything with enough volume for me to trade myself. There are about 300 - 500 stocks with enough volume.

Index: Weekly, I look for HH and HL. Daily is similar but I'll place a line on my chart as an indicator.

<blockquote data-quote="peter2" data-source="post: 873892" data-attributes="member: 13908">bonkerrs: No need for the apology. I&#039;m happy to help anyone who asks. The effort to get more consistency in your trading actions will definitely pay off. There are two payoffs, more profit and less stress. Win, win.Volume: is a confirmation factor for me not an essential. Obviously we want to see lower volume during the consolidation and then higher volume on the BO. I do have the volume indicators OBV and TMF on my charts and I prefer to see them rising as price gets closer to the BO level.RSI: is helpful when looking at PB opportunities, not very helpful with BOs. In PB setups the RSI should be &lt;30, but I wait for price to move up first. In my charts (see PPS chart) you&#039;ll notice that the bars turn blue when price moves &gt;2ATR(10)&nbsp;&nbsp; [It&#039;s actually the SuperTrend (10,2) indicator]. I scan for this crossover, check to see the pullback is corrective in nature, RSI(7)&lt;30 and then .... Sorry about that, you&#039;ve got me talking about my PB setups and it&#039;s a bit early for that.The universe is anything with enough volume for me to trade myself. There are about 300 - 500 stocks with enough volume. Index: Weekly, I look for HH and HL.&nbsp; Daily is similar but I&#039;ll place a line on my chart as an indicator.</blockquote>

[QUOTE="peter2, post: 873892, member: 13908"] [COLOR="#0000CD"]bonkerrs[/COLOR]: No need for the apology. I'm happy to help anyone who asks. The effort to get more consistency in your trading actions will definitely pay off. There are two payoffs, more profit and less stress. Win, win. Volume: is a confirmation factor for me not an essential. Obviously we want to see lower volume during the consolidation and then higher volume on the BO. I do have the volume indicators OBV and TMF on my charts and I prefer to see them rising as price gets closer to the BO level. RSI: is helpful when looking at PB opportunities, not very helpful with BOs. In PB setups the RSI should be <30, but I wait for price to move up first. In my charts (see PPS chart) you'll notice that the bars turn blue when price moves >2ATR(10) [It's actually the SuperTrend (10,2) indicator]. I scan for this crossover, check to see the pullback is corrective in nature, RSI(7)<30 and then .... Sorry about that, you've got me talking about my PB setups and it's a bit early for that. The universe is anything with enough volume for me to trade myself. There are about 300 - 500 stocks with enough volume. Index: Weekly, I look for HH and HL. Daily is similar but I'll place a line on my chart as an indicator. [/QUOTE]

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