Breakout Trading Strategy | My secret revealed
Here I discussed the complete step by step guide to breakout trading strategy
In this video you will discover
What is break out trading strategy
Types of break out trading strategy
1. Trend continuous trend line breakout trading strategy
2. Trend reversal trend line breakout trading strategy
3. Range breakout trading strategy
4. Channel breakout stagey
5. Intraday trading breakout strategy
6. Opening range breakout strategy
HOW TO TRADE TRENDLINE BREAKOUT trading strategy
1. Wait for ANY BOTOM REVERSAL PATTERN TO DEVLOP (this tells you the sellers have exhausted themselves AND give support for bull move) without accumulation price may not reverse. or from any established support and resistance level
2. Wait for the price to break above the Trend Line
3. FOR confirmation. If the price breaks the last swing high, the market is likely to move higher (the buyers are now in control)
How to find successful breakout trades
8 things to look before breakout trading
1. Trend of stock
2. Quality of move
3. Time spent at trendline
4. Reaction moves from trendline
5. Volume
6. Breakout candle
7. Breakout and follow through
8. Breakout timing with sector
How to enter breakout trading
• Aggressive entry. Trading breakout before actual breakout
• Conservative entry. placing order above resistance or below support
• More conservative entry. breakout test entry
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Trendline Trading Strategy
https://youtu.be/IDxAIQ7M3I0
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