Kardec Trader explains how to catch breakouts by finding price zones with maximum traded volume, waiting for the first breakout to see what big participants do, then joining their follow-through. If you're wrong, take the loss immediately. If right, move your stop to breakeven after another breakout.
We are seeking for buy, we have a target. Why we are using this target? Because this target is where the maximum volume is transacted. So there is interest. What I do in this area is that I don't take the first movement. I wait for the first breakout. Because I get clear market participants of what they want to do. I don't risk that this is only a retracement. And then the collapse when I get the first breakout and I'm back inside the balance, this probability is really high. To increase even more the probability, I wait for the hand of the big market participants. So I wait for betrays. I jump in with them. And if I'm wrong, I want to be wrong immediately. And when you are right, when you see that you get an additional breakout, immediately stop to break even.
