There are times when things are not as they are visible to the naked eye, especially in financial markets.
Markets can turn on a dime thus causing heartburn to many intraday traders and trapping them.
As nimble traders our job is to act and not question the move.
To take advantage of such trapped traders intraday is our aim.
Agenda: To take advantage of failed break outs. I also call it break out failures.
We will learn how to spot a break out failure using tools associated with the set up.
How to take an entry after spotting a BOF along with a logical and affordable stop loss.
Making the maximum of the move and come out of the trade as a winner.
Its usage on options, futures, currencies, commodities and cash market stocks.