A better technique IMHO if you trade break outs is to wait for an pullback during the break out and then entering in the direction of the breakout after closing of the bar in the direction of the breakout (so after that pullback is finished)

you will miss some of the break outs but you will increase your profitable trades.

I described it before here :

New to trading ? Start with forex. Hello, When I started trading I started on the forex market. I'm convinced that it was the right move. I started loosing big money on futures and if I would do it over I would have stayed longer with forex before moving to futures. Why ? You can …

and especially here :

New to trading ? Start with forex. A simple trading technique that new users could use is : draw support/resistance lines on a 10 or 15 range, look for breakouts if u see a breakout go to the 5 range, WAIT until the breakout pulls back for 1 or 2 bars and then enter the trade if the …

Hi, my name is Nhat. i been trading in forex about 2 years. i lost about 10k since then after that i went to work for 1 years and save up a small capital also trade demo. From yesterday i have my account set up with $2000 with MB trading. i also have a trading methodoly, money management and a plan to turn this account to 30k at the end of the year.

+ Trade eur/usd
+ Daily working time start at 3am est time.
+ Ninja trader and MBtrading ( renko with 7 ticks)
+ Spreadsheet for money management and trade records.
+ take screenshoot every trade that i took.
+ Daily target pips 40.
+ BE HONEST to my self.

Hi
Given that you are trading live here I assume you have calculated that you have a market edge. How did you work out that you have an edge?

thanks

Lindsay