Edge of breakouts | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

An Edge for an Edge (System Development) 116 replies

Random thoughts on low ATR breakouts 2 replies

Trading Breakouts in FX market, by Sam Shenker 5 replies

Chart patterns breakouts. 3 replies

Breakouts 3 replies

Edge of breakouts

  • #1
  • First Post: May 3, 2010 2:08pm May 3, 2010 2:08pm
The title says it all... I wanted to ask to the experienced ones what is(are) the edge(s) of breakout trades. That's all =)

Thanks.
Scott89

P.S. If THERE IS an edge... (?)
  • #2
  • May 3, 2010 3:37pm May 3, 2010 3:37pm
IMO the single biggest positive of trading breakout methods is that PA determines which direction the trade goes rather than the trader speculating.

I am a strictly technical trader and I primarily trade breakout methods.

I trade a version of the "big dog method" that works very well. I don't agree with the original method about it's TPs but it's still a most effective strategy.
  • #3
  • May 3, 2010 3:59pm May 3, 2010 3:59pm
Quoting scott89
The title says it all... I wanted to ask to the experienced ones what is(are) the edge(s) of breakout trades. That's all =)

Thanks.
Scott89

P.S. If THERE IS an edge... (?)
You know you have to work hard. If you are using MT4 then practice using the strategy tester. blueace's answer is good but the whole story is a book and I'm not about to write it here.

Use Search engines and research it. Then back test over and over until you go bonkers and you get rsi. Once you know a thing or two about pasr, break out trading and money management then only take the best set ups. If you do you will win. I mean it. You will.
Gone to a better place
  • #4
  • May 3, 2010 4:23pm May 3, 2010 4:23pm
Quoting smikester

Once you know a thing or two about pasr, break out trading and money management then only take the best set ups. If you do you will win. I mean it. You will.
I second that, and once you get the hang of it it's really not that difficult to make money in this market.
  • #5
  • Last Post: May 3, 2010 6:43pm May 3, 2010 6:43pm
Quoting scott89
The title says it all... I wanted to ask to the experienced ones what is(are) the edge(s) of breakout trades. That's all =)

Thanks.
Scott89

P.S. If THERE IS an edge... (?)
Is is concentration of all the knowledge of trader.
The more experience the closer to the reality
0 traders viewing now