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Thanks for the input Boggo.Its my intention to look at the Breakout as close to R/T as possible so that we can follow the good----bad and the ugly of the beast.As breakouts are a well used entry technique and one of my favorites I think it would be more benificial to follow a breakout so we can see those signs that indicate future direction.Perhaps add some commentary up to when the signal has failed (Or more importantly signs that indicate all is not as seen) or perhaps where the signal is screaming more.(again signs which point to an addition to your trade.Breakouts are interesting as are potentials as they are at resistance.We could also do a thread on swing trading and we would be looking at he same "potential" setups,but with a view of trading it short.What I'm hoping we can achieve is a guide to what makes a better setup to the next -----and what indicates a breakout will continue to perform or fail.In closing it is my observation that you will have a clear indication of potential success or potential failure within 3-5 bars of the timeframe you are trading. At which time your trade is on its way to profit or stop.Will post charts of those in question (Those charts above) to illustrate after todays trading.
Thanks for the input Boggo.
Its my intention to look at the Breakout as close to R/T as possible so that we can follow the good----bad and the ugly of the beast.
As breakouts are a well used entry technique and one of my favorites I think it would be more benificial to follow a breakout so we can see those signs that indicate future direction.
Perhaps add some commentary up to when the signal has failed (Or more importantly signs that indicate all is not as seen) or perhaps where the signal is screaming more.(again signs which point to an addition to your trade.
Breakouts are interesting as are potentials as they are at resistance.
We could also do a thread on swing trading and we would be looking at he same "potential" setups,but with a view of trading it short.
What I'm hoping we can achieve is a guide to what makes a better setup to the next -----and what indicates a breakout will continue to perform or fail.
In closing it is my observation that you will have a clear indication of potential success or potential failure within 3-5 bars of the timeframe you are trading. At which time your trade is on its way to profit or stop.
Will post charts of those in question (Those charts above) to illustrate after todays trading.
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