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Breakouts: How to Stay Away from Some Losing Trades
As a trader, I have 3 objectives. Find winning trades Stay out of losing trades Rinse and repeat A breakout strategy is a technical strategyto help a trader stay away from SOME losing trades. It is important to note you will still have losing trades with a breakout strategy. However, my point here is that with a breakout strategy you can be wrong on the trading idea and be kept away from SOME losing trades which reaches objective of #2 above. On January 11, 2012, I published an article on buying the USDCHF based on a breakout type of strategy. Since the published date of that article, the USDCHF has dropped ... (full story)