Hunting For Breakouts
Blazing My Own Trail: Hunting Pre-Breakout Stock Patterns Blazing My Own Trail: Hunting Pre-Breakout Stock Patterns By Shane Shipman, Independent Trader I've come to realize the market rewards people who build their own systems instead of just following everyone else. For the past few months I've been working on a custom pattern scanner that looks for stocks acting like they do right before a big breakout — that quiet, coiled-up phase. I combine it with a simple Finviz filter: stocks near their 52-week lows but showing some real strength (better volume or positive price action). It's given me some really interesting results. It's not perfect and it's definitely not revolutionary, but it's mine. I use historical patterns that look similar, then let algorithms help manage the trades. Lately though, I've started noticing other setups that could work really well alongside what I'm already doing — without making e...