How to Avoid False Breakouts (My Secret Technique)




People use breakout strategies all the time, but are they using them correctly? In this video, I show you how to avoid false …


23 Comments

  1. lol what? it would be much wiser to take a position when it breaks and have a stop loss below support instead of waiting for a "momentum candle"
    you've just missed out on like 20% of the price action if it does run and if it doesn't you have your stop.

  2. Good information, but how many times do you have to repeat the phrase and the idea of "I'm going to show you…"

    The problem with your generation is that you guys are addicted to the internet and all of you are doing the same sort of speech pattern.
    Stop doing it!

    It's middle minded stupidity.

    I don't mean to insult you, you're clearly an intelligent person and doing a good thing here. I actually am telling you this because I think you are worth learning this idea. I'm trying to get back.

    By speaking through this repetitive summary pattern you are thinking through it and thus bogging your thoughts down. To some degree it's helpful to keep you on target on task. But your brain should be able to do that without the meta textual reminders.

    The old guard, and I don't mean gen-xers like me, and I don't mean boomers or even the greatest generation, I mean folks from the 19th century who founded what was the the old guard, and I don't mean gen-xers like me, and I don't mean boomers or even the greatest generation, I mean folks from the 19th century and before who formed the baseline for our notion of what good thinking and writing is had a few good points.

    One of them is pithy-directness in speech and writing.

    Also, I know that the script was probably written by chat gbt. As an AI professional, let me assure you that even though you think it's good, AI is not up to this task. Not without significant revision.

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