15 Minute Break-out Strategy

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Phil Newton

14 Feb, 2005

in Forex and 2 more

In this streaming video, Phil provides the outline of a trading strategy he uses regularly for trading the forex market.

In this example, he demonstrates a simple break-out strategy on the Eur/JPY pair using 15 minute charts, but his interpretation of the charts, using price action and candlestick analysis, can be applied to many other price patterns across the currency pairs.

He details his precise method for identifying and trading this set-up, including:

  • when the set-up is most likely to appear

  • why you should avoid taking the trade on the first break-out

  • where to place a stop-loss and why you should resist the temptation to move this to break-even at the first opportunity

  • how candlestick analysis can be used to support the entry decision

  • where to exit the trade.

Click here to view the video (will appear in new window).

Further examples of Phil's trading strategies can be viewed at www.trading-strategies.info

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Re: 15 Minute Break-out Strategy

appreciate...nice information...


pass4sureguide

Jun 02, 2016

Member (2 posts)

crap

Not very creative and I doubt it actually works

May 26, 2016

Member (12 posts)

15 minute breakout strategy

Great video. Very clear explanation with precise entry and exit levels. Very useful for a newbie trader like myself. Can't wait to test if for myself when I start paper trading.

Thanks

Jan 11, 2013

Member (5 posts)

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