Simple Breakout Trading Strategy

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The speaker provides a simple day trading breakout strategy.  The strategy involves using bollinger bands and bar charts (or even candlestick charts).  When the bar closes outside of the day trading breakout strategy.  The strategy involves using bollinger bands and bar charts (or even candlestick charts).  When the bar closes outside of the bollinger bands, a market order is executed; an order to sell short when the lower band is penetrated, and a buy order when the bar closes above the upper bollinger band. 

The stop rules are simple as well.  A stop would be triggered if the current bar closes back within the two bollinger bands or if the security moves against you in an amount equal to 10% of the previous days range.

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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