Educational 04: How To Trade Channel Breakouts?
This is the fourth education series on Channel (link of Educational 01, Educational 02, Educational 03 given below),
In this educational post, I cover up points that provide opportunity to trade breakouts in channels and also managing risk while trading it.
Steps To Follow:
Step 1: Confirm breakout with volume
Step 2: Wait for retracement back to trendline and formation of V shape
Step 3: Take action at pullback with additional indicators to manage risk
Step 4: Increase position sizing once it may go in your way.
I shall be sharing the examples of it below
Purpose: To educate retail traders like us in order to build confidence in their trading and make inform decisions and become consistent profitable trader in long run.
I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE
Thanks for your support,
Best Regards,
Neetesh
In this educational post, I cover up points that provide opportunity to trade breakouts in channels and also managing risk while trading it.
Steps To Follow:
Step 1: Confirm breakout with volume
Step 2: Wait for retracement back to trendline and formation of V shape
Step 3: Take action at pullback with additional indicators to manage risk
Step 4: Increase position sizing once it may go in your way.
I shall be sharing the examples of it below
Purpose: To educate retail traders like us in order to build confidence in their trading and make inform decisions and become consistent profitable trader in long run.
I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE
Thanks for your support,
Best Regards,
Neetesh
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