Base and Breakout Setup

Cobra's Market View Private Messaging System shows:


The key to trade this kind of setup is Buy Stop. Without breakout or the breakout is on the wrong side, THE ENTRY IS NOT CONFIRMED. If you don’t know what is buy stop, click buy stop for details.

You can choose to buy breakout pullback though, i.e. after the breakout, wait for the pullback to test the breakout point then buy. This is much safer method but sometimes there’s simply no pullback after the breakout. A compromise might be half to buy breakout and half to buy pullback.

© 2013 Cobra's Market View — All Rights Reserved.