TL breakout + retest - page 3
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NzdUsd
The purple TL broken, and it doesn't retest again.
For me, now the market trading in a rectangle, I wait for Breakout + Retest again.
USDCAD h4.
Pay an eye on Ascending Triangle
This is extremelly useful knowledge. This technique should be studied by all traders. It complements most any strategy.
I used to follow patterns like these, but in the end, I ended up contributing to the brokers pockets. While these patterns work pretty good, they can also bite you in the buns when the currency does not do what you anticipate it is supposed to do. It is still gambling!
USDCAD Broken + Retested.
I always use this technic with fibonacci and it is good for me..
Your post is good, we think the same thing..
Nice retest.
From time to time, I miss tons of pips bcoz waiting for retest of broken.
In fact, I doesn't know should I always wait for retest.
Trade breakout, how?
1) Once the price break the TL, direct enter trades without waiting for candle closed.
2) Enter trades after candle closed.
Anyone who trade based on breakout and wish to share their opinion? You are welcome.
Currently on view. But guess this trades wont get executed since market gonna closed soon.
Who will expect a market still such volatile during last few trading hours.
Besides, the trades taken without waiting for retest. Not my type of trades, but still acceptable since get pips.
Both trades using tight SL and TP. Both also using TP SL 30