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November 5, By Rayner 30 Comments. I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit. Being bullish and not being long is illogical. When I am buying, the reverse is true. I must buy on a rising scale. Now you know how to anticipate a potential breakout, and this leads you to the next question….
This depends entirely on your trading personality. If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon. November 5, at 6: Wow, this article was very well written! I am a trend follower, and like you, I also only trade pullbacks and also breakouts. I really appreciate the time and effort you took to put all these info into an article like this. I personally use a variant of this system, not the 34ema, but the 20sma to point out to me if the trend is strong and worth trading.
As for how I trade breakouts, it would be largely similar to what you mentioned above, with the addition of adding bollinger bands to let me know if price might be breaking out. When the bollinger bands squeeze together and become very narrow, then price closes strongly above or below with the upper and lower bands pointed in opposite directions and expanding, then it would be a good time to enter in the direction of the breakout.
Lastly I do look forward to reading articles like these that you take the time and effort to write, because sometimes they remind me of what I already know, and also many times you point out something that I would never have thought of and which gives another perspective of how to trade a trend.
Hope you keep them coming! November 5, at 7: Yes looking at the slop of the moving average is a good way to define the strength of a trend. Some trends are stronger and some are weaker.
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November 6, at 4: Great article as always Rayner, succinct and to the point and explained in a really easy to understand format. November 6, at 9: November 6, at Keep it one, thanks for this effort to write this article. Reminds me 5 years back things that I already known, but already forgotten now.
November 6, at 7: November 26, at 8: November 26, at 9: December 4, at 2: December 4, at 8: Yes developing your trading plan is key.
December 10, at 4: I need a little clarification where to place SL in breakout trade, and when and how to trail it. December 10, at 7: You can use 2ATR for your breakout trades, and trail using a moving average, or take profits at the nearest SR. The link should be stock market poised for correction now.
You need to go to your email and download the cheat sheet. December 10, at 8: But you wrote to put the SL in low of the candle before the breakeout, and then how trail it. December 13, at 9: December 13, at Trailing stoploss is a different thing here.
You typically want to trail so you can ride the trend, should it continues in your direction. Using moving average is one approach. You can american binary options blogspot clickbank using the 20 or 50 MA to trail your stoploss.
December 14, at 1: December 15, at February 21, at 2: So I continue reading the rest of the blog nearly half of it. Then I analyze and understand what is happening…. Now, that I have a knowledge not that much on what it is all about my trading is pro swing trading forex factory better. Because it is easy to understand and everything is based on your experience and observation.
It is a big help for me…. Thank you so much for sharing and helping us… Waiting for more post, even though Forex sigma broker not finish yet with the rest of your blogs… God bless and more blessing to come….
February 23, at February 27, is buying stock counted in gdp February 29, at 9: April 13, at 5: Nice article and information is presented in a clear way.
I love to see few more articles on the below topics in your blog:. April 14, at Albert C H Tay says. May 17, at 1: Thanks for explaining the concepts with the examples.
Your clear explanation help me shorten my learning curve. Although English is not my first language, I find your explanation easy for me to understand. May 17, at 4: June 4, at 2: June 5, at 5: June 17, at 1: June 19, at 9: Your email address will not be published. The Price Action Trading Strategy Guide. The Complete Guide to Trend Following.
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The Trend Trading Strategy Guide. The Support and Resistance Trading Strategy Guide. The Pinbar Trading Strategy Guide. The Moving Average Indicator Strategy Guide. The Complete Guide to Becoming a Consistently Profitable Trader. The Complete Guide to Finding High Probability Trading Setups.
The Definitive Guide to Trading Pullbacks and Breakouts. The Complete Guide to Risk Management and Position Sizing. TradingwithRayner A trading community dedicated to helping traders succeed. Start Here Blog Analysis University Ask AskRayner Contact. Get The Ultimate Guide to Price Action Trading FREE. A powerful trading strategy that lets you capture momentum and ride trends How to tell when a BIG MOVE is about to happen by spotting this simple pattern How to identify hidden strength and weakness in the markets, so you can "PREDICT" market turning points.
Fill up the form below and download your FREE guide. Give it to me! How do I increase the odds of a successful breakout trade? You Should Connect With Me Here 13, Members. Comments Larry says November 5, at 6: Hi Larry, Thank you for reaching out. Hey Pete, Thanks for stopping by. Hi Bob, The principles are the same for all time frames. I randomly selected the charts that could illustrate my point. Keep me updated on your progress.
I hope to hear much more from you. Hello Shlomi, Thank you for your comments, that really made my day! About the broken link. Hi Shlomi, There are few ways to place your initial stoploss. Which kind of MA is recommended, MA or EMA, and which one for and ?
Again, full thanks for your help! Thank you so much for sharing and helping us… Waiting for more post, even though Im not finish yet with the rest of your blogs… God bless and more blessing to come… Cristina. Hi Cristina, Thank you for sharing your experience.
I love to see few more articles on the below topics in your blog: Hi Indra, Thank you for sharing your feedback. Thanks a lot rayner, this article is so useful, i i cannot thank you enough.
Great to hear that! Leave a Reply Cancel reply Your email address will not be published. Followed by more than 45, traders Saving Retail Traders from Self-Destruction Rayner Teo is an independent trader, ex-prop trader, and founder of TradingwithRayner. Current Hits This currency is about to trade higher and how to find a low-risk entry into the trade Download The High Probability Trading Strategy Bundle This market is ripe for a breakout… How to be a Profitable Swing Trader and Survive any Market Conditions with Steve Burns How to Use Forex Factory Free Trading Tools — A Complete Guide.
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