Monday, August 21, 2017

How to trade Break Out


Pull back strategy - basically wait for the Higher low structure to form before taking trade Stop lost is in the previous low structure

Upon break out next candle- when i do this i make sure im following the the stop lost. which i closely monitor due to possibilities of false break out will happen.

Which currently im doing on my trade




 a triangle have been break so I have trade right away on next candle however i closely monitor this trade for the reason possibility of false break out is showing on 4hrs time frame.

already i have move my stop lost to safe zone so what ever happens i do got 22pips