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Thread: Breakout Trade

  1. #1
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    Default Breakout Trade

    The Breakout Trade

    This trade can be done using the pivot point i post earlier.

    Let's say the market begins below the pivot point, so we should expect for short(SELL) trades.

    The first thing is we must look for channel (sideways market) formed and wait for a break out of the channel. We will expect for the break out to be downwards.

    How to use it?

    Enter post just just below the lower channel line.
    Set the SL above the upper channel line and a target profit of S1.

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    FXMalay Supporter arialun's Avatar
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    Default

    How about trading during Breakout news?

    i.e. 10 or 5 mins before Highly important news, you open pending position 10 pips from current price, hoping there's going to be a spike up / down.

    Is that consider as Breakout trade also?

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    Default

    Maybe but i think news is another story.

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    FxIndia Administrator Invest_Master's Avatar
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    Default

    Quote Originally Posted by arialun View Post
    How about trading during Breakout news?

    i.e. 10 or 5 mins before Highly important news, you open pending position 10 pips from current price, hoping there's going to be a spike up / down.

    Is that consider as Breakout trade also?
    well remember one thing there are times when market go up and comes down and also opposite can happen. I have seen this happening many times. So alwasy place stop loss.

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    Bullish TranCer's Avatar
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    Default

    breakouts are good only for 10 pips or so ... if you want 100 pips you must have a better way of trading ...

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    Default

    Quote Originally Posted by Invest_Master View Post
    well remember one thing there are times when market go up and comes down and also opposite can happen. I have seen this happening many times. So alwasy place stop loss.
    agree with it..

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    Default

    good luck

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    Default

    Quote Originally Posted by TranCer View Post
    breakouts are good only for 10 pips or so ... if you want 100 pips you must have a better way of trading ...
    But You Can use the breakout for long targets 40-50 pips

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    Default

    I think if you invest some pips on both ends, that is buy and sell, I mean, place limit orders, you would benefit from breaking news, whatever trend it might incur (you could cancel the other limit order )

  10. #10
    bisaddkunlevics
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    Default

    The strategy really works, i have tried it several time, it may fail sometimes (You know FORe),but it will work most times.good luck

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    Default

    Channeling is my favorite...
    I always find channel pattern first when start analyst chart because for me there's only 3 pattern channell-ranging-trend.

    For this trading system you can find at asian market open...mostly work out.
    Good RR ratio + WL ratio....

  12. #12
    ceestech
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    Default

    which other indicator can one use during this breakout periods apart from this u've mentioned.

  13. #13
    Market Maker ilearn2t's Avatar
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    Default

    Hello ceestech

    Custom indicators are programmed every day, (changing market changing parameters)

    You can download a good custom indicator anywhere on the net nowadays.

    To judge a good indicator, you must first understand what "breakout" means.

    I don't refer to yourself when I typed "you must first understand what "breakout" means first" but it helps others to view this message afterwards.

    (Q) What's breakout?

    (A) When prices break through a predetermined level of support or resistance usually coming out of a consolidation period.

    The words "support or resistance" shows that a pivot point indicator would be best suited for most traders, you'll find your own style of trading, and if it includes "breakout" you'll start to see your own points of "breakout" and hopefully you'll want to set your own parameters, which means building your own custom indicator, or looking around for any thats going to help your style of trading.

    So it would be hard to list the best "breakout" indicator.

    Good luck
    ilearn2t

  14. #14
    ceestech
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    Default

    Quote Originally Posted by ilearn2t View Post
    Hello ceestech

    Custom indicators are programmed every day, (changing market changing parameters)

    You can download a good custom indicator anywhere on the net nowadays.

    To judge a good indicator, you must first understand what "breakout" means.

    I don't refer to yourself when I typed "you must first understand what "breakout" means first" but it helps others to view this message afterwards.

    (Q) What's breakout?

    (A) When prices break through a predetermined level of support or resistance usually coming out of a consolidation period.

    The words "support or resistance" shows that a pivot point indicator would be best suited for most traders, you'll find your own style of trading, and if it includes "breakout" you'll start to see your own points of "breakout" and hopefully you'll want to set your own parameters, which means building your own custom indicator, or looking around for any thats going to help your style of trading.

    So it would be hard to list the best "breakout" indicator.

    Good luck
    ilearn2t
    I may not understand what you really mean both when i find myself in suitations lik what you explained i usually use the bollinger band. Don't know if am right.

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    Market Maker ilearn2t's Avatar
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    Default

    Hello ceestech

    Yes bollinger band can be used on its own as a breakout indicator. but its best used with another breakout indicator to comfirm.

    Good luck
    ilearn2t

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