Hi traders, Its been a week since I have updated the blog and In the meantime volatility has picked up and that is the reason I was busy in setups and I always look for my setups rather than forcefully look to sell and buy with the market behavior.
Example of Breakouts Or preparing for breakout
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Example in the chart shows that when you trade momentum and prepare yourself for breakout And force yourself to trade suc such spikes in price looking to breakout rather than look for volatility spikes which requires huge stops to cover your positions
Interestingly, When you have such tendency in moving market behavior then look for such low risk probability trades and that is the best way that let you ride most of the earlier part of trend. But in some cases even though it offers a pullback and You have to cover quickly but still Intra-day profits would have already booked before such action take place
Idea, thought behind such price action or breakouts is that You need to trade logic in the trend and when price is In "Balance" State of behavior which often tells you the strength, and No strong sell-off has been shown and If there is any sell-off is to be part of neutral day "Liquidation Trap".