You hear almost every trading instructor say it: Look at charts. What’s the big deal with stock charts? What exactly are you looking for and how do you start? In today's video, Tim Bohen give you the lowdown on charts and shows you how to find breakouts.
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Some charts show a smooth, slow-moving stock. Don’t think slow is necessarily bad. Slow-moving stocks can be great for small and part-time traders. They don't make crazy volatile moves — you don’t always have to watch them so closely.
Here’s another misstep lot of newer traders make: They strictly focus on the intraday chart. That’s just part of one day. You should look at multiple time frames — one day, one week, one year, five year.
You need to study the history of a stock. History doesn't repeat but it often rhymes.
stocks that make multiple moves tend to continue to make multiple moves. Look for stocks that have a past pattern of spiking, consolidating, and breaking out again. That's one of the biggest things that can help you find the next best stock.
So, how do you break this process down? With your daily screeners!
Run your scanners to find those big percent gainers of the day that are closing near the high of the day. You want to see unusual volume, a strong stock, and a big percent gainer with news closing near the high of the day.
Then check to see that it consolidates for a few days and is primed to break out. Use those multiple time frames. That's key.
Basically, you're you're finding ideas on today's chart. Then you confirm over multiple time frames. That tells you there's past performance and can confirm it’s not just a random spiker (just remember that past performance is not a guarantee of future results). Then you start making your trading plan — that can help you stay out of mediocre trades.

#StocksToTrade #StockMarket #TradingCharts
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.

By Stock Chat

where the coffee is hot and so is the chat

30 thoughts on “How to identify breakouts in trading charts”
  1. Avataaar/Circle Created with python_avatars Phil says:

    I like the 1/ 5 year, down to the 3 month, then trade off the intraday

  2. Avataaar/Circle Created with python_avatars Do Not Be Misled says:

    1 –5 — 6mos. – year.

  3. Avataaar/Circle Created with python_avatars Janko Sandrev Jr says:

    TY Tim

  4. Avataaar/Circle Created with python_avatars Edward Radhay says:

    I do, exactly as said

  5. Avataaar/Circle Created with python_avatars Edward Radhay says:

    Hi Tim, Excellent advice

  6. Avataaar/Circle Created with python_avatars Walter Harris says:

    😯

  7. Avataaar/Circle Created with python_avatars gspears says:

    ARQL is no more, but the rules are the same and remain. Great vid — thx!

  8. Avataaar/Circle Created with python_avatars Maruf Danjuma Alhassan says:

    Hello 👌🤩

  9. Avataaar/Circle Created with python_avatars curtis elam says:

    noice!

  10. Avataaar/Circle Created with python_avatars Nan Christiano says:

    Thanks Tim and yes I do use the 1 day , 1 year chart

  11. Avataaar/Circle Created with python_avatars Matt Hartley says:

    Thank you Tim!!! Yes mulita Time Frames!!!

  12. Avataaar/Circle Created with python_avatars Lorena Gerardo says:

    Thx so much Tim!! Newbie here! I do use multiple time frames and it's so cool how much broader info you can get bout the stock's personality! Great lil lesson.🙏

  13. Avataaar/Circle Created with python_avatars Mateusz Productions says:

    Were the green lines on the long term chart support and resistance lines? If so, were they added manually/carried over from previous sessions, or is that a plugin that maps them out?

  14. Avataaar/Circle Created with python_avatars Erik Veach says:

    I haven't used the 1w/5y chart, but I do use a 1 and 2y 1d chart

  15. Avataaar/Circle Created with python_avatars Ando’s Question says:

    Got to get the whole outlook of a stock. I use the 2 day, 5 day, 10, 20, 90, 6 month, 1 year, then 5 if curiosity is needed. Read them all within 30 seconds.

  16. Avataaar/Circle Created with python_avatars Pickle Man says:

    Wish the chart screen was on the screen and you were in the square on the bottom right… we need to see the charts, not your hand movement

  17. Avataaar/Circle Created with python_avatars Miguel Ortiz says:

    Nope! I barely use 1-year chart, hereinafter I will, tks Tim

  18. Avataaar/Circle Created with python_avatars A-Rod says:

    yyyyooooooooooooooooooooooooooooo. good vid

  19. Avataaar/Circle Created with python_avatars ALAN says:

    Got me! I've been day trading for almost two months and I strictly use 1d-1m chart; however, I do incorporate the 20ma and 200ma for a different perspective but will definitely look into 1yr-1d and 1wk-5yr. I mostly look at candlestick patterns and formulate couple entry points as strong indicators and I typically hold no more than 2hrs. BTW, I very much appreciate the never-ending contents – it's LEGIT!

  20. Avataaar/Circle Created with python_avatars NegronJL1 says:

    Great information. Thanks for sharing.

  21. Avataaar/Circle Created with python_avatars Dave Thibodeau says:

    I enjoy your video's to help beginner traders, but to be honest i realize you have a great platform. But it is way to expensive. Won't ever go there.

  22. Avataaar/Circle Created with python_avatars renee gallazzi says:

    I've never used the 5 year but I will now!

  23. Avataaar/Circle Created with python_avatars J Peezie says:

    What’s the best scanner to use?!

  24. Avataaar/Circle Created with python_avatars Ai Jax says:

    Can’t see anything btw. Thanks

  25. Avataaar/Circle Created with python_avatars Mark Lock says:

    I zoom out, looking for resistance and if it clears how much room is there to move, is it a gap over several red days and over a pivot. . Or a double bottom with a new high breaking trend. Tradable void. I’m still a newer trader. That’s my two patterns I’m focused on.

  26. Avataaar/Circle Created with python_avatars Ghebre Ogbalidet says:

    Very helpful. Merci 🍁

  27. Avataaar/Circle Created with python_avatars C PT 19 says:

    So I can buy sell multiple stocks unlimited for 14 on stt is this true

  28. Avataaar/Circle Created with python_avatars Sai Xiong says:

    I use the daily charts to draw my support and resistance but after this video. I can use it more effectively

  29. Avataaar/Circle Created with python_avatars Gregory Douglas says:

    I have been looking at 1 yr 1 day and 15 day 1 day charts to help identify 1st Green Day Setups. Any recommendations on charts that will be better in finding these setups intraday?

  30. Avataaar/Circle Created with python_avatars StocksToTrade says:

    Do you use the one year and the five year chart? Do you strictly stare at the intraday chart? What timeframes do you use?

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