O'Reilly logo

All About Day Trading by Jake Bernstein

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 8The 30-Minute Breakout

Several years after the start of trading in S&P futures, I introduced my 30-minute breakout (30 MBO) trading method. The method was designed to capture the large intraday price swings in S&P futures in an objective and organized fashion, in sharp contrast to the seat-of-the-pants methods used by most traders at that time. Unfortunately many S&P day traders today also make decisions on emotion and interpretation rather than procedures and rules.

My development of the 30 MBO method was based on a simple observation. After many days of watching S&P futures, I observed that the first half-hour trading range was often a period of support and resistance development that if penetrated subsequent to the end of that period ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required