Breakouts

The market is always trying to break out. It is the ability to determine if the BO will succeed or fail that will determine your future as a profitable trader. The better you become at assessing whether a BO will succeed or not the more money you will make. Breakouts can com from a lot of places. The typical places you see breakouts are at support and resistance. Also at trendlines and channellines. You will find breakouts from patterns like the ascending triangle pattern the bull flag pattern or even the normal trading range pattern. Every time a pattern comes to an end, it ends with a break out. If you know when to trade these breakouts and how to trade the breakouts you are able to make more money in the markets.