HOW TO AVOID FALSE BREAKOUTS (MUST WATCH)
Learn how to identify false breakouts, so as to avoid trading them and also different ways to trade good breakouts.
Some of the trading styles used to avoid false breakouts include:
By trading with trend..
Breakouts that are against the trend have a high chance of being false breakouts, therefore ignore them unless they are found at institutional reversal price points.
Second, a breakout forming too far from the structure has high probability of being a false breakout
The candlestick patterns forming after a breakout can also qualify the breakout to be either a false breakout or good breakout. Follow the candlestick patterns discussed on the candlestick video to avoid being caught in false breakouts.
The range before the breakout should also have build up, in the event that it is just a small range, then there are higher chances that the breakout might turn out to be a false breakout.
Following the trading styles discussed in this session will also give you a kickstart on how to trade the good breakouts.
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00:00 Introduction
03:08 How to avoid False breakouts
05:35 Size of the range
07:03 Market structure
12:15 Candlestick Patterns
16:00 How to trade good breakouts
17:19 Flipzones
20:06 SMA touch
22:12 BONUS
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