I do not yet trade breakouts, but this is a classic setup. Break against an extreme (notice volume profile valley where that happens), confirm against new Mirror level, and take off. This is what an idea intraday breakout chart looks like. PLTR is doing its morning swing again, slightly earlier…
I think I will try catching these open market lows, especially after strong down days. They are way too obvious in hindsight, and will be much tougher to spot live but should be possible. Mirror levels especially like in ^ TSLA above. See next img. So for below chart, the strategy…
In this strategy trader selects instruments that have dumped on pre-market and at open.…
Sometimes I need a reminder just how often this money maker happens. How easy it is to see and trade. And how much money it makes, especially when I don't prematurely exit. R to profit ratio is insane on some of these. 10x, 20x, intraday. Stay in it.…
Following are some setups for an intraday compression breakout. Entry/Stop (green/red inside box). The setup is predicated on: * Volatility contraction. I have a script scanning fir these intraday on 1m time scale in TC2000. * Overall daily direction UP (longs) * Global level breakout (as in the breakout you'…