Hi, i just want to share about the 2015 BO problem discussion, Now its December 2016, may be its not too late. Based on your picture posted with the red arrows on the top and bottom. I usually trade during break out. Actually the red top arrow is the resistance area ideal for sell entry and the red bottom arrow is the support area ideal for buy entry, what is wrong with your entry is your timing. Your entry must be inside the SUPPORT RESISTANCE area. If the price move outside its another SR level. When price BO do not trade yet wait for the candle to complete the time so that you will know it if its really a BO or false break. It doesn't matter what type of BO as long as it is BO it will always move to the same principle, of course usually fundamental break strong SR up to 3 to 4 levels. If it is BO, your entry must be in the next candle during retracement, before price BO it will first create small candles like pinbar, pipit and other RP candle, your tp must be in the next support or resistant area, bcuz its an area where price bounce or break.. But always follow the trend in the higher time, if the market is going up find for long entry, if down find for short entry.
