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How do you trade bull breaks?

How do you trade bull breaks?

861 views ⁞ September 13, 2023
ChartingManDan

Dan McDermitt

Dan is a member of the Chart Guys team and has been a full-time trader since 2010.
Dan discusses his approach to buying bull break... Read More
How do you trade bull breaks?

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.

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