Trading Breakouts: 5 Situations Where You Shouldn't be Buying a Breakout ❌

Failed Breakouts - What Are The Signs? http://www.financial-spread-betting.com/strategies/trading-breakouts.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! 5 Scenarios when a breakout is unlikely to work.

There are many traders who like trading breakouts and the payoff when you get it right can be truly great. However, breakouts setups don't always work. I'm going to review 5 scenarios when I consider a breakout is much less likely to work.

Is That A False Breakout? Here Are Some Clues.
1) When price is still in a range. I try to filter out breakouts like this because if a range is in a bigger range there is less chance of it being a genuine breakout.
2) When solid resistance is close because there is a good chance that the market might stop there. Of course if there are aggressive movements or a catalyst I might consider this on a case-by-case basis but generally I avoid such setups.
3) When news/data is due - if we have say, non-farm payrolls numbers coming up I'm unlikely to take a breakout trade before that because I know that the majority of people are going to position themselves aggressively after the announcement.
4) When price is greater than ATR (day traders). If we're day trading a market and we are outside the normal parameters I'm more careful about buying breakouts.
5) Known quiet periods - from a day trading perspective this could be lunch times for instance. There is no volume coming in...

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Видео Trading Breakouts: 5 Situations Where You Shouldn't be Buying a Breakout ❌ канала UKspreadbetting