How To Trade Breakouts

[staspmr]

hi, thanks for the video. wondering what platform is this?

[randy12368]

In one of Barrys webinars he had a screen shot of a chart with a note on it that said "'Trading Trick' "shorting into resistance buying into support". Doesn't he have that backwards? Buy is up where one would find resistance sell is down where one would find support. Can anyone explain that thought process?

[TopDogTrading]

@randy12368, thanks for the question. The statement is correct, which is why it's counter intuitive to most people. Hard to explain it in a brief comment here, but maybe I'll create another video that will show you what I mean by that.

[randy12368]

@TopDogTrading I hope you do create a vid on this illogic as it would enlighten your viewers as to why you say the contrary, ie sell support buy resistance. Cannot have it both ways... unless you're hedging.

[TheGrape56]

Great tip - Thanks Barry

[sbukosky]

This is a great method to trade the "handles" that Investors Business Daily wants you to wait for breaking resistance with higher volume. I've been cautiously looking At Dr. Burn's offerings and believe he is the real deal.

[TheJarabean]

yes barry 100% vidoe j marshall

[DeniseAshurstUK]

Thanks Barry. Another guy I follow to often makes reference to buying in the riskier set up after break out. I am regularly finding myself comparing his style to yours : D

[bdhall79]

Thanks Barry, Every little think helps.

[TheHovisTrader]

Exactly how I trade myself - good basic explanation - like it.

[timkdiamond]

Agree with the money management and the buy at support / sell at resistance method which means patience and waiting - something that new traders don't do. The *breakout* though had already occurred prior to the channel formation you have marked. It was the first break of the high that sits just above halfway within the channel and the low that forms the channel bottom. This breakout presented *two* buying opportunities at very low risk / high reward position as it bottomed out around 2183.

[drumfisch]

amazingly good explained. so simple, so often have I done it the wrong way. THX Sir

[pierre1122]

Good idea. Thank !

[tigpips]

Best Forex Rebates, earn free additional money as you trade. Works with all types of strategies or systems. If you think you can only earn money from just profits on your account, well you're wrong.

With forex rebates, you earn money whether you win a trade or lose a trade. Thereby giving you 2 income streams, one from the profits on your account and one from your rebates.

Sounds too good to be true?

Check it out ----> freeforexrebates.info

[laton2010]

Great Video

[primepeng]

thank for willingly to share your idea. 

[TheFlannelshirt]

Live Thinkorswim day trading room will be debuting soon.

ALL futures markets will be looked at and traded.



[anikeronke]

Hi Barry,

Many thanks for this training on how to trade break outs, I have found this very challenging in the past, but you have made it so much simpler and given me clarity on this method of FX tradinf, I really appreciate it, thanks again, Ibironke

[ILuvTrading]

very nice video here. You explain it very well! cheers..Virgil

[TopDogTrading]

Good question Miguilford - I would put the stop just under the low of the testing candle.

[mjguilford]

Makes sense to me... When entering the trade, though, where would you put your stop? The low of the "testing" candle? the next lower support range? 1xATR?

[FreeFOREXautoROBOT]

It's informative,but I like Free Forex robot

[PunZaBiJaTT]

"" BREAKOUT +VOLUME = money in ur pocket ""

If there is no volume on breakout pass on it..

"NO VOLUME = NO TRADE " easy as that!!

I trade breakouts all day long with 85%+ success rate but only scalps no swings! Everybody has their own style! PEACE

[PunZaBiJaTT]

First of all the name of this video should be " BUY @ SUPPORT & SELL @ RESISTANCE"

2nd ..all these ppl leaving shitty comments ..If u watching this video ..breakouts do work but this video never mentions the most important part of breakout which is "VOLUME'

[pierneus]

First of all that is no way to draw horizontal trendlines. Did it occur to you that those highs and lows don't line up? Then, your idea of buying close to the support level : let's just say that it's a great way to lose money. Besides, break outs work and are profitable at very low time frames, which time frame is that? 15 minutes a candle?

Good trades to everyone

[PunZaBiJaTT]

@pierneus u buy @ support and sell @ resistance right? lol

[Bazzawombat]

Think you hit the nail on the head, Barry with Money management. There are lots of excellent trading sett-ups in trading land, however, MM is the key. At Top of Trading range take half your profits, Move stop to Break Even & trail the rest. That way your risk of losing is minimized, & your upside is more certain. Thanks Barry, Well presented.

[Lafraim]

From where we have increased the profit from each share when the price rises by 1%

The system is not working correctly.

[LifeForYoga]

I have taken Barry's courses 1&2 ,and have never been bored trading since.

Waiting for one particular setup to occure is the most boring activity ever,and usually results in overtrading, which means nothing but failure.Having few setups in my arsenal including the ones in this video ,added incredible motivation for me to seat down and watch the market,and shortened the time I spend in front of the computer. I challenge everybody to show me better method of trading breakouts ,but there is none.

[ntoiyt]

Very insightful! Thank you very much.

[dwhall5056]

Thanks for the video! Your teachings make a lot of sense and are easy to follow. I really appreciate your courses and videos. They have helped my trading tremendously. I highly recommend Barry Burns Swing trading course (along with the Fundamentals I & II courses) to others. Thanks TopDogTrading!

[rsalc107]

@LifeForYoga, I agree with you. I recently bought Barry's Course 1&2. Great information!

[rsalc107]

@dubya305, of course, no guarantee of a bounce at the bottom, however Barry is looking at high probability trades. This one happened to be one. Buy at or near resistance.

[LifeForYoga]

The information in this video is already worth a lot of money.

It has worked for me ,I recommend taking Barrys Course 1&2 to everybody.

Thank you Barry for changing my life:)

[TheMing888]

I like the video so much,and Barry Burns is so nice, Top Dog Trading system will teach you trading and make money.

ming

[juli79a79]

This is'nt trading breakouts, its trading a bounce! Utter rubbish...

[LifeForYoga]

@juli79a79 ,I disagree,because in this particular time frame it is a breakout from price range,you can see it, it is logical. I you are trading weekly charts,I can prove that you may be trading a "bounce",just look at yearly chart.

[kulvadeek]

I like your idea trading breakout, get in before others, very smart idea ! Thanks so much for sharing with me.

Kulvadee

[badimp3]

Great concept Buy Low Sell High. It's the knowing where to buy and sell this is Berrys great GIFT!  Thanks Berry and Great Video!

Bill

[dubya305]

No gaurantees for a retrace at the bottom though, right Barry?

[itsozdean]

A teacher of mine once said that an expert is the guy who knows the fundamentals (wasn't talking about fundamentals vs technicals, wasn't even talking about the markets) the best. I see Barry Burns in that group and I think that is why so many other good posts appear here. He knows the fundamentals or basic principles and knows how to show us how to apply them. My gratitutde always to you, Barry.

[LEETSD]

Thanks for a great video Barry.

I hate buying highs!

[xugm99]

Great video! Barry! Thanks!

Also, great stobe9's comments ! I have caught in the reversal breakout! Also, great prodigee411 comments too!

[jdnam77]

Great Video! I particularly agree with your concept of buying the low of the range. This has worked very successfully for me over the years. I would never buy the upper breakout point!

[strobe9]

analyze price action prior to the consolidation in order to determine the bias for the breakout. look for volume to confirm the move. only take the trade if it fits your risk / reward profile. employ proper money management. that's the best you can do. it doesn't matter where you enter. if you fade support to try to ride the upside to the breakout, just be aware that you can be caught just as easily in a breakdown near your entry. don't be a deer in headlights and plan everything.

[pnewtonian]

This is a smart way to play breakouts.

Love it.

Peter Newton

[TC1405]

Another good video Barry, Thanks for the refresher.

As far as the volume comments are concerned, Dr. Burns DOES use a number of volume analysis concepts. They & other ideas are complelely explained in his courses.

(and no, I do not have any involvement in his courses, other than a student.)

[bookysocks]

Great video Barry. I like it. For those poo pooing, you need to purhase Barry's foundation course I and II and you will understand there are several "energies"

and volume is one of them. If you're trading with just one "energy" you are way behind.

[alan9017]

Hi Barry, this is another great video. I've learned a lot from these and the others in your course. Thanks much!

[gordy779]

Barry: As always you are the best kept secret in training in the world of trading. As I flow through your courses I'm constantly learning more and more.

Thank You,

Gordy

[dereksrn]

Thank you Dr Burns, we can always count on you for Great trading ideas and education. Thanks

[kentross]

Thank you for this great video! After having studied your Foundations Courses I understand very clearly what you are teaching in this video. Your method works!! It is very generous of you to share such information free, Dr. Barry Burns.

[futureBLESS]

thank you for this, I've been buying at the tops of ranges anticipating breakouts for awhile now. i can't believe i havent thought of this.

[pete49327]

I agree that trading STOCKS without using volume is nonsense. Maybe it's okay with futures, etc., but not stocks. Google the world's certified best trader Dan Zanger for video to his famous interview.

[sjs2011]

Forex is never low risk.

[prodigee411]

It's all about your timeframe...if you understand how to find the greatest risk to reward ratio, you'll be trading shorter timeframes with tight stops and allow your winners to run. you approach all markets, with the intention of finding the best timeframe and setups, which will provide the best risk/reward profile. You should be contemplating how you can trade the eur/usd, for example, risk 3 pips, yet take a 20-30 pip profit.

[hummarstra]

Trading without using volume is nonsense.

[jcfbell3001]

forex is nonsense?

[roketman5775]

Great Video! As for the people that are too lazy to learn to read charts, Thank You. We need people to buy when we are selling and to sell when we are buying. Thanks for the good info, Barry,

[braileanul]

yes, i can be the mastermind too drawing arrows and showing off on AN ALREADY DRAWN GRAPH

afterwards is easy to see what you should have been doing when the breakout happens

what if the breakout is happening down immediately after poster buys?

[s2380]

Barry, Thanks for another great video! Good stuff! Please keep them coming!

[mrbeanbag]

The man talks sense, why buy it high when you can buy off of support?

[moxiemulgrew]

thanks for shareing, I know your in the buisness of selling book's but im sure I speak for a lot of people that follow your your Utube blog.. can you not give us a few more good set up's like this. thanks for shareing and all the best from Ireland

[Mackoek]

fantastic video, my strategy looks a lot like yours, and its very successful.