Trading Breakouts

[Affemshomo]

A blatantly overlooked concept is there is ALWAYS somebody on the other side of the trade.

IF party A, blinded by greed, buys the breakout, then.......party B is abandoning rather than holding out for higher prices.

As for volatility, it's more predictable than price. Quiet leads to noise/range expansion, noise leads to quiet.

More volume merely is a matter of magnitude.

The most reliable breakouts occur well before the apex of a simple triangle. Reflects urgency better than volume does.

(Message edited by efficiency on March 14, 2011)

[adufutuvorug]

here is a good breakout system and results are below the video

www.alanhull.com (http://www.alanhull.com/)

markets getting smashed tonight so far but anything can happen hey

[AfudDaple]

Thanks for the link, I liked the presentation for its simplicity. Most breakout systems that I have considered are way to complicated for me.

I know my limitations, and simple is good for me.