A trader walks through a live breakout trade, showing how to enter when price holds above the open, target the 15-16 area then the 19s, and place a stop two points under the day's low. The key is aggressive prints on the offer with strong passive bids.
Ah, look at this freaking thing. Here's the 19s here. This would have been my final target here. These 19s. Let's see if we hold above the opening print. We're supporting the opening print pretty well right now. Or the 15, 16 target first and then I'll target the 19s. I'm going to put my stop tights two points under the low a day. This is just saying that the upside level is going to be a magnetic force to price. We're seeing a lot of selling on this pullback. We're holding above the opening print. We just consolidated at the low and we've yet to test the upside price. So it's worth a two point risk for me. Break that high a day strong. Get an impulsive pop up into the target. Here we go. High a day. Day being tested. So the main thing that I'm watching for here is just aggressive prints hitting the offer and then as the market breaks the high, I want to see stronger bids on the passive side of the market supporting the breakout. I would not want to see it. Let's just say it. Break the high and then come back into the range and selling. Come in.
