Breaking Out Of The Trading Range by John Sweeney
ARTICLE SYNOPSIS ...Breaking Out Of The Trading Range by John Sweeney
Some blessed day, after being mired in a trading range for two years, your market is going to finally go
into a trend. You must be there when it does, not trading something else or, worse, ignoring it from the
golf course. Ideally, you've been trading the range back and forth trying to avoid losing money and
possibly even making a little. You've been selling the tops and buying the bottoms as best you can,
waiting for a breakout. How can you tell if it's happened?
Graphically, as in Figure 1, you are waiting for a trade that hits your maximum...