l believe that if a person follow the fundamentals daily and weekly.and after release of the news ,and watching the charts can guess the breakout 70%.with a tight stop loose can be successful.and if you fail then it will hit your stop-loose then please just don't get sad market says follow me.forget the looses and follow it where ever it goes.follow it with trailing stop .l m sure you will have no loosing day.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
why many traders are able to generate profit from the breakout strategy because traders are doing OP with prices following the move so that it could be said to be following the trend that can be done usually with a breakout strategy.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
may be breakout strategy using some points that can give you a movement of a pair... and if the pair can break that point it can to become the next movement from the pair... may be this the reason why breakout so profitable
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
yeah breakout system could earn some huge cash if you can spotted the right momentum. the traders usually use big lots to make giant profit. But the problem is, no one know whether the where is the right momentum, indicators can help but can't guarante it. that's why always use stoploss in this strategy.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I would like to know more about false breakout, i tried searching on Google, but could not find anything authentic can you recommend something?
Usually when a pair gives break out from a range it was trading in since some time, usually many traders enter into trade, and due to this reason, after break movement is often good in break out direction and so it gives very good opportunity to earn big profit in very short term.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
good strategies friends, with the use of pending orders. narrow the error we take the step of open positions, such as the example above, it is clearly visible, where we would position open pending sell order. but we have to look at too. where the location of the position of the moving average, thus further strengthen our analysis. and whether this is also very good in use for another pair like GB / USD and EUR / USD
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Forex Breakout: Why are they so profitable?
FOREX BREAKOUT
Most people know what is a forex breakout strategy| forex breakout system | forex breakout trading |breakout trading forex | forex breakouts
What ever name they call it. It is the same.
Forex breakout to name it simply is that we are seeing that price| the forex market is consolidating for a long time. And we are capturing the big move once it eventually breakout from its consolidation.
I know of alot of full time traders who only trade one pattern. It is the forex breakout strategy.
Why? The reward is great and the risk is low.
By taking just 5 forex breakout trades a month would equate to very good money.
However, if traded wrongly or picked wrongly. They would only get a spike up/down and then to make a loss as the pair didnt break out.
Forex Breakout: Why are they so profitable?
In the chart above : Forex pair Usd Chf
We can see that the overall trend for the pair is a down trend.
And in the past few days, weeks (from start june to mid july) It has been consolidating in a box for a long time.
When we see such setups, we know that price will eventually breakout from the consolidation into a big move up or down.
And in the scenario, it will most likely be down as the overall trend for the pair is down. ( pretty simple right )
Forex Breakout: Why are they so profitable?
How to play the the forex breakout trade:
Its simple, we will play a pending sell order (yellow dotted line) right below the low of the previous low.
And our stop loss ( pink dotted line ) will be placed above the entry, behind several bars so that we will have a good resistance if price heads back up.
Since price is making a new low. There is no previous data on how low it will come to.
Therefore, we will take our first profit off the table when the bar eventually breakout and closes. (marked by take profit 1)
And we will be trailing it for our take profit 2.
So you can see from this quick scenario of how easy it is to play a breakout trade and the risk reward is great.
If you mastered this forex breakout strategy alone, you will be making good profits in forex trading already.
But this is just one of our forex trading strategies we teach.
Check out our online forex trading AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
Last edited by dareking; 2017-11-10 at 01:24 PM.
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