The Breakout Retest Trade


Breakouts that enable this strategy often occur at the open of forex market sessions: New York and London are prime examples. In fact, I created this strategy based on research I had been doing on the London open breakout strategy I had seen discussed elsewhere.

Richard felt that successful trading was down to genetics. After a trade fails, it is important to exit the trade quickly. Session expired Please log in again.

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Apr 21,  · Problem with trading simply the breakout is you expect the price movement to be fast. At least, that's how I define a breakout. My suggestion for using any form of fractal breakout is to determine the previous range, and see if there is long enough consolidation to try and determine if the previous period was a ranging period.

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