Trading the breakout before it makes the explosive move with S&P 500 day trading [Video]
|Breakout trading is one of the most popular and profitable techniques in trading. Yet, there are some challenges when trading the breakout since there are many traders complain false breakout cost them money. Also, the timing to trade the breakout is crucial else you might need to attempt twice or more times to catch a successful breakout if you do not follow some specific rules.
In this video, you find out how to use price action trading strategy to analyze the supply and demand in order to form a directional bias and most importantly as a timing tool to anticipate the coming explosive move. Follow the key concepts as illustrated in the video and you will be able to trade the breakout even before it makes the greatest gains:
Timestamps
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1:08 Market recap.
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2:38 Trade review.
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6:40 Compare up wave and down wave.
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7:23 Wyckoff's effort vs result.
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9:00 How to trade breakout.
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12:10 loss of up momentum
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13:40 Current stock market outlook
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