Review: Don't take the `breakout bait' with `fake-outs'!
Rating: 5 out of 5
Date: 06 7, 2014
I enjoyed this breakout trading orientation and found it useful. This straightforward guide discusses the types of breakouts, defined by the following patterns: reversal, continuation, or triangle (ascending, descending, or symmetrical), as well as the steps to follow when trading breakouts.  Being at the advantage of understanding breakouts can help you predict one, which can generate profit. It can also help you avoid `fake-outs' (false breakouts) that are used by large institutional traders to mislead smaller traders.