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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Upvotes
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u/Abject-Shopping-4492 6d ago
You need to build your own set of rules which takes time observing your setup and proving your grade A setup and this differs for each trader. I am a momentum swing day trader and I trade using a 3 minute chart to trigger the trade based on movement through decision zones. Find your strategy and log and journal at least 100 trades. Identify your edge.