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15 Minute Break-out Strategy

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by Phil Newton -  Feb 14, 2005
8.6 (from 282 ratings)

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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Comment on this Article

Recent Comments:
Really good strategy, thks for the generous to share this here!
fudanjx   22-09-2008 05:37:34
Updates for this article can be found here Phil Newton's Break out Strategy
Newtron Bomb   05-05-2008 07:15:29
Hi Folks Thanks for the notes ITs a strat that has worked time and time again for me with clear set ups when they come. Ive worked on some variations of the same strat with very interesting results too Happy Trading Folks NB
Newtron Bomb   24-07-2007 08:17:08
Hi NB, an excellent post. Many traders wait for a pullback after letting the market enter some kind of trend, in this example an intraday move. You illustrate this for people and then show them a clearly defined stop loss and target price. A simple great strategy. ------------------------------------------------------------------------------------------------------ A moment's insight pays for years of endeavour!
JustaHunch   21-07-2007 08:41:03
Plus - to see more Videos you might have to subscribe to his site - £30 monthly I believe?
neil   22-07-2006 19:49:06

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