These Forex Breakout Trading Strategies are explained by Corey Bricker a professional forex trader in seven 5 minute short videos. If you are looking for a simple trade setup that works over and over again then this Forex Breakout Trading Strategies video course might be for you. This trade setup is so simple that you don’t need to do any complicated technical analysis. There is no need to use any indicator when trading with these breakout trading strategies. Just master this simple trade setup and make a successful living as a trader.
There is no need to trade for hours daily when trading with these breakout trading strategies. Discover the power of drawing simple trend lines on the 1 hour and 4 hour charts that show when there is a breakout or not. Just make 2-3 trades each week that’s it. Each trade will make you more than 100 pips. So on average you will be making 200-300 pips per week with just a few hours of trading. This translates into around 800-1200 pips which should be sufficient to make a successful living as full time professional forex trader.
A breakout takes place when price action makes a new significant high or a significant low. How do you know this is a breakout? You will connect a few significant lows or a few significant highs to draw a trendline on the 1 hour or the 4 hour chart. When price action breaks this trendline and closes below it or above it, you know a breakout has taken place. You don’t need to use any indicators to determine when a breakout has taken place. By just looking at the chart, you will figure out that the breakout has taken place when the candlestick closes below or above the trendline.
Watching these short videos will teach you how to draw these simple trend lines and how to use pivot point support and resistance levels to decide when is the best time to take profit and exit the trade. There are many traders who just trade these breakouts. On 1 hour chart, a breakout can easily make you 50-100 pips while on the 4 hour chart, a breakout can easily make you 100-200 pips. Just make 2-3 of these trades every week and make a successful living as a trader.