You have already reported this answer.
Resolved Question
Failed breakout trades successful?
Can it be a trading strategy to trade failed breakouts in forex? When a breakout fails we open position.
over 2 years ago
Best Answer - Chosen by Asker
HI. While you can always trade failed breakouts or whipsaws, I think trading the breaks has a higher chance of winning than trading the former. Like anything in forex or in trading in general, nothing is 100% sure so in order for you to profit, you need to take the trades that have a higher probability of winning.
over 2 years ago
Answers (1)
Can a trading strategy be formed on failed breakouts? Why not? I would suggest doing some back testing to see how effective this strategy would be before trying it out on a live account. It may or may not prove to be successful.
over 2 years ago
* You must be logged in to add comments. Sign In or Join Askpips.com.
Open Questions in Trading Strategies
Resolved Questions in Trading Strategies
- What is intraday position? And how does it differ with overnight position?
- What is scalping? How profitable is it?
- Which indicator are you using? I know there are tons of indicators out there.
- Before you begin trading, do you set a certain goal to reach? If yes, is it important?
- How can I decrease the gap between entry and stop loss?
* You must be logged in to add comments. Sign In or Join Askpips.com.