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How do YOU enter breakouts?

  #5 (permalink)

Salt Lake City, Utah
Trading Experience: Intermediate
Platform: NinjaTrader, Tradestation
Favorite Futures: Forex
Posts: 72 since Feb 2011
Thanks: 274 given, 36 received

Good perspectives. I guess I'm never really positioned before volatility because I don't trade consolidating markets since I don't have an idea which way they will move. Also, the question about the term breakout is valid. I guess where I am having real trouble deciding to get in is when the market is moving quickly in one direction without much pullback such as yesterday's spike (see attachment). There really wasn't much of a pullback until much higher but as the spike is forming how would I know to get in? Also, from my perspective, spikes tend to create a worse risk to reward ratio as the stop loss must be placed much further back.

Attached Thumbnails
How do YOU enter breakouts?-breakout-example.png  
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