Trading Discussion Trendline Breakout Strategy Trading

[theolove2021]

Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend.

If you think about it…

Breakouts are the only entries that will ensure you’ll catch every single trend — every single time.

And that’s why most Systematic Trend Followers trade breakouts as their entry method.

You might be wondering:

“But what about pullbacks?”

I know pullbacks are psychologically easier to execute because you’re buying low and selling higher.

But it comes with a price — and that’s missing the entire trend because the market didn’t offer a pullback.

So if you want to be involved in every trend that comes along, then you must trade breakouts.

To your Success
Theophilus S.

 

[otunbasegit]

The challenge is "How do we identify a breakout & prepare for it"?

 

[Setho]

Breakouts are one of the most trickiest things that you can anticipate in trading . Whenever there is a breakout I normally want to see greater trading volume. I should also see a long candlestick close breaking the trend line so that I can be able to look for a reliable place to put my stop loss.

 

[Wisdom01]

I don't invest in break out position , because it's based on luck and probability , because what if the coin now moves down ward and unable to break through the resistance and move very high at s very big percentage , proper strategy is really needed when trading I think