Trading Strategy
Breakout Strategy
Trading the move when price clears a well tested resistance level on rising volume.
intermediate
swing
Entry rules
- 1 Price closes above resistance tested at least twice
- 2 Volume at least 1.5x the 20 day average
- 3 No major earnings event within days
Exit rules
- 1 Target set one measured move above the breakout
- 2 Stop below the breakout level
- 3 Exit if price closes back inside the range
Live setups using this strategy
All signals| Symbol | Price | Entry | R:R | Confidence |
|---|---|---|---|---|
| GATX | 183.35 | ••.•• | 1.59:1 | (95%) |
| PRLB | 92.90 | ••.•• | 3.19:1 | (95%) |
| SIG | 100.44 | ••.•• | 1.53:1 | (95%) |
| FFIV | 446.55 | ••.•• | 1.64:1 | (95%) |
| TMO | 678.79 | ••.•• | 2.73:1 | (95%) |