How to Trade Breakouts: A Simple Strategy 💡 Video
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Breakout Trading Strategy. http://www.financial-spread-betting.com/strategies/trading-breakouts.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! There’s good money to be made trading a breakout, but you have to be cautious at the same time. After all, when you are trading a breakout by its very definition you are chasing the market, and if you’re not careful doing that can turn against you.
Trading a Breakout. A breakout happens when the price shifts dramatically, usually moving out of range trading to break through a resistance level. Some people will trade as soon as they see it go through resistance, but it is easy to be caught out by this. Although you don’t want to miss out on any of the move, it is safer to wait and make sure the price remains clear of the resistance.
If the breakout is not strong, the price can easily come down back through the resistance level, and that suggests that the breakout will fail. If you recall, support and resistance levels are the same, and only defined by which side the price approaches from. So the resistance that was constraining the price should become a support if the move is real.
For short-term traders, some will want make sure that the closing price does not drop below support, although they will allow some incursion during the day. It’s a matter of how much risk you want to take for the potential rewards.
It’s nice to see a fair volume of trading in the breakout move, as this suggests that the sentiment of the market is in its favour. However, this also means that there are many sellers, as every trade has a buyer and a seller, so a lesser volume of trading means that fewer people are prepared to sell at that price, which may suggest a stronger move.
Certainly, the sooner you that you can spot a breakout, the stronger it is likely to be. If you wait until a long way into the trend, then the market may be tired and the breakout less likely to hold. Just as when we looked at pullbacks and retracements, a fresh market is more likely to sustain the move.
In summary, if you want to trade a breakout you need to set yourself some rules or guidelines. Decide how far above the resistance level you want the price to go before you decide it is breaking out. Determine if you’re going to put your stop loss just below the resistance level, which is now a support level, or whether you are going to allow the price some freedom to fluctuate below because you believe that the breakout is going to carry on.
It’s also useful to look back over the historical charts and see whether the current resistance level which is being broken has been a support and resistance level in the past. If it has, this would mean that the level is more likely to provide support in the current market, and be a stronger indication that the breakout will be sustained. In the next lessons, we’ll look at the different types of stop loss strategy you can use to minimize your risk.
Related Videos (these are just of the videos we created on breakouts - for more just use the search function on this channel!)
Trading Breakouts: Which Breakouts are Likely to Work Out Best? ✔️👍
https://www.youtube.com/watch?v=GZGtU9475sQ
Trading Breakouts: 5 Situations Where You Shouldn't be Buying a Breakout
https://www.youtube.com/watch?v=i8Q2GO-NewU
A Simple Breakout Trading Rule: Longer Price Stays in a Range = Bigger Breakout 🔥
https://www.youtube.com/watch?v=YdY6sNyQou4
Tips for Identifying Real Breakouts! 🙂
https://www.youtube.com/watch?v=bPnS9asAp_I
Spotting the Difference between a Pullback and a Reversal? 📈📉
https://www.youtube.com/watch?v=n1sEYUT8vu4
How to Trade Breakouts: A Simple Strategy 💡
https://www.youtube.com/watch?v=DnOZW-7QYd4
Using False Breakouts to Your Advantage in Day Trading: How to React to False Breakouts 📈
https://www.youtube.com/watch?v=b1xr0i-XEOw
Breakout Trading Strategy: Exiting a Breakout Trade within a Trend 👊
https://www.youtube.com/watch?v=UHdDmwiig2s
Classic Breakout Strategy with a Twist! 🎩
https://www.youtube.com/watch?v=zxiVIXjQ5Is
How to Trade a Range Breakout - Range Breakout Strategy
https://www.youtube.com/watch?v=RR1Hd5otvSM
Trading a Forex Breakout if you've Missed the Move 😑👍
https://www.youtube.com/watch?v=OOpOLZKi93c
Trading Strategies that Profit from Trapped Traders: How To Trade Against the Losing Traders 🔥
https://www.youtube.com/watch?v=2Hi0Q_FGvLM
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