Traders more skilled with breakout trading, will often approach it with one of the more advanced methods. Those methods will typically increase winning ratio or risk reward ratio. Sometimes both.

In the exchange they require extreme accuracy and precision. Some of them...

Before we even enter the breakout trade. We need to have an exit strategy. Rapidly moving breakout trade kill unprepared traders.

So how do we approach exits in breakout trade. Whether it be target profit or stop out. During recent years we have tested multiple approach...

Price penetrating support/resistance zone does not always signalize breakout. In fact. Fakeouts are more common. Price will often test S/R zone. Sometimes it will test both S and R zones multiple times, leaving most of the traders clueless and out of the trade.

Typicall...

To trade the breakout, we need to be first able to identify the market formation on which we expect the breakout to occur. This can be done in multiple ways, both by indicators and by manual drawing of support and resistance zones.

In recent years we have experimented a...

Breakout trading is used by forex day traders to capture the market move in its early stages. It can offer good starting point to enter the trend in progress, or get in just at its beginning. When executed correctly, it can produce positions with limited risk and great...

Part of the candle, wick provides valuable information on immediate price in forex. It can be employed in multiple effective ways. During the last few years we have created hundreds of MT4 expert advisors employing the candle wick as a signal or filter. We have learned...

Last closed candle is the most accurate information on current market state. We can read multiple information that can increase success rate for any entry.

Candle in itself is insufficient as an entry signal. However combine it with trend, range and volume and you get p...

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