Trading Strategy
Breakout Strategy
Trading the move when price clears a well tested resistance level on rising volume.
intermediate
swing
Entry rules
- 1 Price closes above resistance tested at least twice
- 2 Volume at least 1.5x the 20 day average
- 3 No major earnings event within days
Exit rules
- 1 Target set one measured move above the breakout
- 2 Stop below the breakout level
- 3 Exit if price closes back inside the range
Live setups using this strategy
All signals| Symbol | Price | Entry | R:R | Confidence |
|---|---|---|---|---|
| CSL | 373.89 | ••.•• | 1.63:1 | (95%) |
| THG | 241.02 | ••.•• | 2.77:1 | (95%) |
| EG | 410.97 | ••.•• | 3.10:1 | (95%) |
| EHC | 135.83 | ••.•• | 2.44:1 | (95%) |
| IMO | 138.13 | ••.•• | 1.77:1 | (95%) |