Avoiding False Breakouts: “No 9s” by Ken Calhoun
Each month, this professional trader offers insights into the professional trading world with a different momentum trading topic or breakout technique for active traders. This month, the breakout strategy discussed isn’t so much about what to do as what not to do.
One of the biggest challenges you will face as an active trader is false breakouts, where a chart pattern fails to continue once a trade is entered. The best way to avoid these costly trading errors is to become familiar with specific strategies and technical patterns that often lead to false breakouts ...