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How To Trade Breakouts

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Uploaded by on Feb 26, 2009

Low risk, high reward method for trading breakout

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Howto & Style

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Standard YouTube License

  • likes, 6 dislikes

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Uploader Comments (TopDogTrading)

  • 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?

  • @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.

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

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

  • @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.

  • Great tip - Thanks Barry

  • 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.

  • yes barry 100% vidoe j marshall

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