Dan discusses his approach to buying bull breaks, emphasizing the importance of aligning this gameplan with longer-term bullish trends on daily and weekly charts. He highlights the need to consider the condition of shorter-term timeframes, like avoiding overextended moves, to ensure a more reliable breakout. If a bull break is bought and the market pulls back, Dan sets a clear exit strategy based on maintaining a five-minute uptrend. If the trade doesn't follow the expected breakout pattern, and advocates a quick exit to avoid holding a losing position.
Dan discusses his approach to buying bull breaks, emphasizing the importance of aligning this gameplan with longer-term bullish trends on daily and weekly charts. He highlights the need to consider the condition of shorter-term timeframes, like avoiding overextended moves, to ensure a more reliable breakout. If a bull break is bought and the market pulls back, Dan sets a clear exit strategy based on maintaining a five-minute uptrend. If the trade doesn't follow the expected breakout pattern, and advocates a quick exit to avoid holding a losing position.
