How to Trade Breakout and Follow-Through - BO103 - Surprisingly Good Performance | Zen Tech Trading

In this video, we continue exploring breakout and follow-through strategies with BO1, where the breakout performs surprisingly better than expected.

Weak Low 1 signal, but 2 big bear bars immediately exited the trade.

I'm attempting to build an index of trade setups and their management for my research and trading improvement.

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https://www.zentradingtech.com/

CHART
https://www.tradingview.com/x/bVK6rWLB/

NOTES
- Using Ninjatrader for trade execution and management.
- Trading MES futures contract. I think most traders can learn about it and switch to mini when profitable
- Chart: MES 26th August 2024
- Pattern: Failed breakout of yesterday's high
- Speed is 2x, so you can adjust it further.

Key Takeaways:

BO1: A breakout that performs surprisingly better than expected, try to add to your position.

Breakout and Follow-Through Notations:
BO1: Very good surprise (Add)
BO2: Better than expected (Can add)
BO3: Expected
BO4: Worse than expected (XBE)
BO5: Very bad surprise (Exit)

Learning to trade in response to better-than-expected breakouts is crucial for enhancing your trading strategy and maximizing your returns.

Why Zen Tech Trading? We focus on providing precise and actionable trading strategies, helping you master price action trading. Our content is designed for traders at all levels who are committed to improving their skills and trading discipline.

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