DislikedSmittens - this is an example of the type of breakout I was talking about. This is the aftermath of the EJ trade I posted earlier before it happened.
Atleast 2 touches on an hourly basis, and when the mark gets broken you usually get a rush of sellers.
The more an area gets built up like this (more touches), the better.Ignored
Breakouts are something that I've learned from the ground up by myself, i.e. just something I started trading without any strategies or guides, so it's great to get a small lesson on them. Please don't hesitate to talk more about them if they come across your trading desk!
Edit: Also, kudos on your blog post today. I think I might print this one out, I have to say I've been guilty of falling into a rut so to speak in my trading in the past week. A lot of tunnelvision-- never a good thing.