Have you ever notice lot of breakout moves ended up as a fake out, or that you have enter a breakout trade only to be shook out from a quick retracement back below the breakout level. Do not feel bad if you have experienced those trades, we all have. But have you ever try to look at these breakout levels from a different perspective? Instead of looking at these levels as breakout level, look at them as target level. Can you guess who trade this way? Here’s a clue, wholesale/retail.
The following video shows some examples of trading breakout toward breakout.
Click here to view the video if you do not see a video player on your screen.
