In today’s video David Jones will be talking about one of the simplest trading techniques and that is trading breakouts.
Textbooks say that if a trend line breaks, then that’s it – another direction is certain. Well, that’s not exactly true. Patience is key. Making the decisions in the right time at the right price makes all the difference. This video will help you make that judgment with more knowledge about the different possible scenarios.
At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
Thank you so much for what you do. Can you also do a video about words that we need to pay attention to when ever one of the FOMC speakers start to speak as to knowing what the direction the currency market would be headed to
Hi, Amanda. Your suggestion will be taken into consideration, as always.
also if you could do a video about the correct way of setting up channels on both short term and long term on a chart.
Your comment has been noted, Amanda.
Great videos as always thanks for sharing.
Thanks for the comment. Stick around for more from Trading 212.
Nicely explained.
Thanks, Jesus. Stay tuned for more videos – fresh content every week.
great insight
Delighted to see you enjoy the videos, Gideon.
Awesome video again, thanks!
You are welcome, Dean. Make sure to catch up with the other tutorials. You can subscribe to the channel and never miss a video – fresh content every week.
Your videos are more realistic and are backed by practical examples. The tutorials I see on other channels are very theoretical and assume a lot of things.
Don’t forget to run the trades if the break out is working.
Great video. What software are you for charting?
This is Trading 212’s web app. Open a free Practice Account at http://www.trading212.com/en/Free-FOREX-Practice-Account-GBP.
Hello, I guess this comes with experience but what kind of time frame is necessary to consider a market as moving sideways?
Good question. I think it all depends on the time frame you are trying to trade. A longer term time frame trader maybe looking at daily charts, a shorter one maybe hourly charts, so their approach to sideways will vary according to their own time horizon.
Hello, Great videos thanks! Does the TRADING 212 Platform support Cryptocurrencys as well?
Yes. Currently, you can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Monero and Dash on Trading 212. Open a free Practice Account within seconds at http://www.trading212.com/en/Free-FOREX-Practice-Account-GBP.
Trading 212 thank you!
What is the cost for the normal account? Which category are cryptos listed under?
The trading conditions are available at http://www.trading212.com/en/Terms-and-Commissions. The cryptos are listed under the Cryptocurrencies category in the trading app.
Thanks for doing a great job in explaining your style of trading. As a new trader it can get very confusing, but your style of teaching is much less complicated than the fast talking sales guys. So many just want your money as fast as they can get you signed up. Your content so far has not mentioned money. A breath of fresh air!
Thank you very much!
thanks for the videos. I would like you to show me your live trading account.
Why wouldn’t you for example long on first breakout (with stop loss under resistance line) because it rarely happens that price go under that line on pull back, if breakout is real? This is just my opinion, and I would like to hear yours on this. Thanks for lessons! Great job!
Hi, I would disagree with your opinion here but there is no right or wrong! Breakouts can get messy and will often dip back below the line.But an aggressive strategy would be as you describe and the plan would be to catch the one that really takes off to make up for the number of small losing trades.
is it best to always wait for a retracement after the price breakout from support n resistance or trendlines?
I really don’t think there is a hard and fast rule here. Personally, I do wait – but then you do of course run the risk on missing out on an explosive move that never has that initial retrace.
I have a question if the body of the candle is lower than the body of the previous low but wick is shorter than the previous candle? What should we consider it then? Bullish divergence or ignore it.
Would suggest a video blog on “POINT & FIGURE CHART” benefit over
other charts, and how to use it in Trading will be very helpful to new
traders.
On that first live example..how would one have even traded that??
I know this is coming late, but could you make a video on that strategy that can account for the type 2 and type 3 breakout scenarios described in the video? i.e the two scenarios described from 2:12 to 2:38.
How do I catch a breakout without looking at the monitor non stop?
I’m watching the video in July 2020… shouting at the screen “BUY AND HOLD THAT TESLA STOCK!!!!!!!!!!!!!!!!!”
Very well explained. Thank you David.
These were the good old days when I first learned about trading as I was just searching through YouTube and found David here. It’s the old memories that last forever. Thanks David 🙏🙏 you are the best. You’ll always be remembered I loved learning from you. You were one of my very first teachers I started to listen carefully.
Thank you very much, i’m gonna watch every vid from now on. You’ve got a very nice and calm voice and that makes it very pleasant to listen to. Thanks again
Just wanted to ask how come you are with 212, I’ve just joined and would appreciate advice about shares. That said I have your book and have followed you for a good while, I have an IG MT4 account and still have my platform account, though after the changes I am unable to trade with that account. I trade the Dax and look at the Dow for sentiment but time to trade is the thing for me as hold a full time job with long hours…