While day trading is great and suits some people, it is not for everyone. In fact a large proportion of traders hold a trade over a longer term period and will only enter a trade once or twice per week. Those that trade this way do not have to spend all day looking at price charts. As little as 30 minutes is enough to make a decision on whether to buy, sell or stay out of the markets.
The strategy uses a daily chart and a decision is made when the daily candle closes – this means that there is only one point in time in the day where you can take the action that the strategy dictates.
This makes the ten bar breakout strategy perfect for people that are generally busy all day, but still want to become involved in the markets.
In this course, you will learn: