22 January: Trading Breakouts 101

January 22, 2009 by admin 

The key to trading breakouts such as the one we had yesterday afternoon when the ES burst through the 820 overhead resistance level, is to wait for a pull-back and re-test of the breakout area. Watch today’s video to find out more.

  • Bund follow up from yesterday’s 60 minute AB=CD pattern suggested trade idea. The D target kept you out of a bad trade!
  • Yen futures were very active yesterday – 396 ticks in one hour. How a simple head & shoulders pattern can help you get on board these huge moves. Profit target included.
  • ES shows another head & shoulders pattern with a good sized profit target!
  • How the AB=CD pattern can be combined with fib extensions to provide reliable targets.
  • When the OKC is NOT a high probability setup – keep your powder dry.
  • What’s the safest way of getting on board a breakout? Watch today’s Video Update to find out.

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