You must of been really curious to be writing me this question...

You must of been really curious to be writing me this question at 2am in the morning!

The breakout model is what got me in FMG about 4 weeks ago, when it went past 3.00. I got in at 3.07 and watched it go negative for the next 3 weeks. What kept me in was the volumes on the down days was very low compared to the green days. I almost sold out last week on Thursday, but the chart convinced me that things were better than the sentiment. The rest is as they say history. The model calculator is found in the triangle and wedges page below. FMG has been forming an ascending triangle and has broken out in a classic manner. I suggest you buy yourself Stan Weinstein's 'Secrets for Profiting in Bull and Bear Markets'. Get yourself free charting software from the Hubb and Incrediblecharts. Be patient, calm, stick to your rules. As one good poster here says, "plan your trade and trade your plan". If I traded to my plan, rather than hesitating at times then I'd be much better off. But I can't dwell on what ifs, as that would only crush my confidence. It's about being grateful with the profits made, and accepting your losses as an education. The trick is to keep your losses at a lower rate than your wins. My other tip is don't put all your eggs into the share market unless you're prepared to accept seeing all your funds go negative with no signs of abating. If you can stomach that then go for it!

http://www.incrediblecharts.com/technical/breakout_model.php

http://www.incrediblecharts.com/technical/gaps.php

http://www.incrediblecharts.com/technical/triangles_and_wedges.php