Breakout Trading: Strategy to Finding Intraday Breakouts
In today's video I go through breakout trading and how you can find and enter intraday breakout trade setups.
In a lot of our charts in focus that we post in the weekly trade ideas, we are either looking for price to breakout or make quick break and re-tests.
The reason for this is because price ranges and consolidates far more than it trends in obvious free-flowing moves.
When price does breakout of these consolidation and range patterns it will often do so in a hurry and open the way for price to move aggressively with a lot of trading opportunities.
I am often asked by traders;
#1: What is breakout & re-test trading?, and;
#2: What time-frames should be used to hunt quick breakout trades?
Today's video goes through two examples of how these breakouts can be played as well as a current chart showing how this pattern is repeating in the markets right now.
Tools and lessons discussed in this video:
Any questions or comments please leave in section below;