I'm interested to hear how people trade break outs from resistance and support.
Do you a) Buy/sell the breakout as it happens, maybe with a limit order or
b) Wait until a retracement sometime after the break out and take it then ? If so a full retacement back to the support or some kind of fib ?
c) Combination of a and b based on price action ?
For me its a delimar between missing a powerful break out that dosn't retrace and getting faked out my the market makers (not that I ever trade the ES or YM).