I did not make a specific video on that because I want this blog to focus on my main method of trading. Its not easy to judge true breakouts, they often are false breakouts and fall right back below the break out point.. 1st you have to be sure that there is a huge volume increase, to signify that there is some type of catalyst, like news, or a pump room, or something big driving the price. Then the first pullback near 50% of the initial move is the safest spot. However you need a quick run back above the present highs to keep you in the game, otherwise if volume dies off and its been a few minutes without atleast some signs of extra bidding and or some buying, then you have to be looking for the exit fast.. Its tricky to trade breakouts safely...
I did not make a specific video on that because I want this blog to focus on my main method of trading. Its not easy to judge true breakouts, they often are false breakouts and fall right back below the break out point.. 1st you have to be sure that there is a huge volume increase, to signify that there is some type of catalyst, like news, or a pump room, or something big driving the price. Then the first pullback near 50% of the initial move is the safest spot. However you need a quick run back above the present highs to keep you in the game, otherwise if volume dies off and its been a few minutes without atleast some signs of extra bidding and or some buying, then you have to be looking for the exit fast.. Its tricky to trade breakouts safely...