Tags Posts tagged with "Breakouts"

Breakouts

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The basic aim of “the turtle” is to enter trends at the early stages - it uses range breakouts to time these entries.

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In the early 1980’s an experiment took place to find out if it is possible or not to take a bunch of ordinary people off the street and turn them into trading moguls.

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The descending broadening wedge is easily spotted on a chart. It looks like a megaphone with a downwards tilt. It’s equally likely to appear in downtrends as well as uptrends.

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The ascending broadening wedge is a chart pattern that can be traded in several ways; either as a bullish/bearish breakout or with a swing trading strategy.

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When using channels it’s good to know how spot the first signs of a price channel breakout - either if you are trading the range or the breakout itself.

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When a falling wedge pattern appears in a forex chart it hints at bullish sentiment. Like the rising wedge, this pattern is quite common at all time scales.

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Of the triangular patterns found in forex charts, the symmetrical triangle is possibly the most confusing and also the most difficult to trade. But how useful is this chart pattern in practice?

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Rising wedge patterns are extremely common in forex charts and they can be useful at any timeframe. This post explains trade setups for bearish breakouts.

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A descending triangle happens when a currency pair in a downtrend attempts to reverse and makes successively lower highs.

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The flag pattern is closely related to the pennant. It’s a continuation pattern that tends to indicate that a trend is pausing rather than reversing.