The Traderszone Network

Published in TZ Latest News 15 April, 2017 by The TZ Newswire Staff

Breakout Strategy Help

Hello,

I enjoy trading resistance and supports breakout.

I am trying to put together a simple support and resistance breakout strategy to back test and record the right data in my spreadsheet to analyze after some manual back testing.

My questions is:

After a failed breakout (for a loss or breakeven), what type of data can I collect to determine when to re-enter the level (Support or Resistance)?

The first arrow, I would enter as price breaks resistance. The second arrow, i always…

read more