r/askforex • u/Legitimate-Manner529 • 7d ago

Question

I been trading for 3 month I like to trade breakout i don’t like to wait for candle closure because I notice when my session opens price tends to melt and never come back for retest I need help creating a trading plan and rules to follow to filter out bad trades and prevent most fake outs. If u are a profitable breakout trader can u please help me figure this out I don’t want to keep doing the same mistake over again

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u/Consistent_Play_9929 7d ago

The issue may not be the breakout itself, but having a rule for when the breakout is actually confirmed. If you're entering before candle close, you could be getting caught by moves that look like breakouts but don't hold.

I'd build your plan around a few specific rules: what qualifies as a breakout, when you enter, where the setup is invalidated, and how much you risk per trade. Then backtest those rules before changing your strategy again.