I am a swing trader and a trend follower. My strategy is trade long in stocks which are making new highs (20 or 30 day highs, 52 week highs, lifetime highs etc). I have no interest in stocks making new lows.
I use candlestick charts and sometimes line charts. I ignore news, fundamental factors etc.
I believe any trade has 4 possible outcomes - small profits, small losses, big profits and big losses. The first 2 cancel each other so the only way you can make money is if you keep your losses small (and not let it grow big) and let profits run. Most people do the opposite.
I believe that whatever system you follow, the overall "accuracy" or "success rate" will at best average 50% (this means half the trades will usually fail). No one has ever made money because of accuracy. Money is made because of (a) risk management and (b) your ability to stay in a profitable trade as long as possible.
I do not believe in targets - no amount of research can tell how much a stock can rise or fall in a given time frame. A trailing stoploss will however help you capture most of the gains.
My trading system is freely and publicly available as an indicator called kplswing indicator... this indicator will help you identify breakouts as and when they happen.
Kamalesh P Langote
NOTE: above address is incomplete.