PhilNewton'sRangeBreakOutstrategy

Hi Folks,Rules for trading the range once identified.Intraday exampleSwing example

Following the same philosophy, identify the range, wait for price to trade past the range boundaries. wait for price to pullback this creates the entry and stop loss levels. Target is the height of the pattern added to the break out point.

Identify range



Wait for break out of the range to establish entry and stop loss levels



Entry established beyond the pullback. Stop loss goes past the event (pullback high)



Target is the height of the pattern added/deducted to the breakout point



Wait for trade to hit target.