Setups
Breakout Trading: Confirmation, False Breaks and Execution
A breakout describes price moving beyond a previously observed range.
Process, probability and risk control before predictions.
A breakout describes price moving beyond a previously observed range.
Price action refers to interpreting market behavior from observed prices, ranges and structure, sometimes without conventional indicators.
A strategy can have many winners and still lose money.
A useful journal separates decisions made with available information from the luck of the outcome, then measures whether the process survives costs.
A trading plan is useful when someone other than its author could apply it to a past chart and reach broadly the same decision.