Break out trading is often found beneficial this may be due to more people/traders enter in trade when there is a break out of a range, and so there is found good movement just after break out and so we earn good returns in very short term.
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Break out trading is often found beneficial this may be due to more people/traders enter in trade when there is a break out of a range, and so there is found good movement just after break out and so we earn good returns in very short term.
for make better movement we must learn for market news better or make good analysis with our indicator well. for make good movement we must entry when sideways happen and make good position. and when the range breakout we can make profit with stop loss other open.
trend line that is used by traders to analyze price movements usually are used to waiting for the right time to do the OP to follow the price trend is going to use a breakout strategy so it is likely to make a profit is possible to obtain.
did any of you try to enter a trade 20 min after the break out happened ,ll have tried it and it is working specially after important news release and during London and new york session couse a wrong break out is only matter of minutes if we can get patient let the market move some then to enter and follow the trend is more safe l think.we dont have to push our-self to be there exactly when breakout happened.lets change our mind-settings.
trend line breakout system is a nice way to play price action but yet again you must know the condition the market is in . it its ranging trend lines become obsolete but when the market is making high highs and higher lows ( basically an uptrend you tend to have a very powerful system using trend lines
for the trand line i use the demark trend line indicator to follow it..
and for the pattern i follow the some books for studies.. 1-2-3 pattern ., pattern are usefull for reversal trend.. it the sign that now market trend will be change,, where in pattern ..there have trendline and support and resistance.. if its break than trend is reversal.. dear.. next time .. i give u example with image..
before I want to ask you, if this system using MA, BB and fibonanci, seeing break outs usually use indicators., can you explain how I view the trend to use the line. and when prices turned
Drawing a trendline is not difficult though the idea varies from trader to trader. Some traders connect the tips (wicks) of the candles while other traders only connect the open and close prices. Drawing trendlines is a art but the idea is to note key support and resistance areas.
I am a newbie here in the forex market.I want to know that the system supports which indicators and by these indicators can we get strong signals to get a good profit in the forex market?
i like the trend line.. down trend or up trend..these are continusly do..flat trend s are created where we must not enter the market.. from here may be the trend will be change or may be continously moving..