jeudi 24 novembre 2016

Best way to trade a wedge down breakout

Hi all,

I would like to get into trading wedge down breakouts, at the moment I trade channel break out retests.

However, if I find a very clean a good setup for a wedge down break out, not trading the retest, I am getting frustrated of getting stopped out only to find that the stock goes in the correct direction.

I trade a daily time frame, but I guess applicable to other TF.

Either a wider stop? Or just pile in again if the stock break the trend line again.

I am also thinking options, maybe a ratio back spread.

What are your thoughts?

Thanks


Best way to trade a wedge down breakout

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