October 2012
Beginner
240 pages
5h 7m
English
Content preview from Financial Times Guide to Technical Analysis, The
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7
The profit opportunities
What topics are covered in this chapter?
There are various methods that employ this range breakout strategy. The strategy is essentially the same regardless of what it is called – you buy or sell on breakout:
- absolute range breakout
- fixed percentage (price envelope) band breakout
- bollinger bands
- volatility breakout.
What are the objectives?
The objectives of defining breakout systems are:
- to determine the breakout point according to a mathematical algorithm
- to use a constant x% or standard deviation bands.
Introduction
The market is either trading in a range or it has broken out of the range into a trend. The defining moment occurs when it is breaking out of the current range into a new trend. A trading-range ...
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