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fivedeez
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Hello gang. My first stop at this forum. So far I enjoy it very much I love the web design and the neat function you have for this website. Will be looking forward to participating alot more.
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How do you determine a breakout from a false breakout?
fivedeez replied to Blaze's topic in Technical Analysis
I had a similar problem playing breakouts so I stopped playing them. Try timing your entries on the pullbacks instead. It is a more conservative approach but less riskier. Many time the low or high will be taken out by a few points just to reverse. I think alot of newbies will get caught in this move. They like to short new lows. However, you need to give it a little room (few ticks) to determine whether the breakout is valid or not. Good luck