Sentences with phrase «trade after the breakout»
Not exact matches
After gently retracing from the February 25 high of its recent breakout and trading in a tight range for more than a week, the 10 - day moving average has caught up to the price.
http://www.morpheustrading.com/
Today's session could bring some clarity, as equities are trading near the upper boundary of their ranges after the dovish ECB meeting minutes, and those who fancy shorts, could a good entry point in the case of a failed breakout.
An inside bar is best traded as a trend - continuation pattern on the daily chart, they can be thought of as «breakout» plays and can provide very good risk reward potential to jump aboard a trending market as it resumes its movement after a brief pause or consolidation.
Please note that this should ONLY be tried after you have successfully mastered trading inside bars in - line with the daily chart trend as continuation / breakout plays, as we discussed above.
If the move after 15 minutes has made lower lows with each 5 minute candle, and the 2nd candle closes outside of the wick of the 1st candle, then we will trade in the direction of the move or breakout.