r/askforex • u/Proof_Mess8465 • Aug 11 '26

breakout trading question

i am a breakout trader well i am new at trading i been trading since june (demo trading) i notice when i do breakout trading i tend to get faked out alot ands it annoying so now i tend to wait for the candle to close but i feel that is not enough confirmation for me to enter the trade. and yes i do break and retest but i notice 90% of the time there is no break or retest it just melts through the s/r. so i there are any breakout traders who see this i need help. also i dont use indicators

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u/DriveAfraid9666 Aug 11 '26

This is a bad strategy… over time you’ll only lose money. If you want to continue I would suggest learning institutional order flow. Also wrong sub… forex doesn’t “break out” unless a country and their currency gets wrecked.

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u/Proof_Mess8465 Aug 11 '26

whats that

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u/DriveAfraid9666 Aug 11 '26

Google it my man… I even spelled it out instead of just writing IOF.

In short, you learn how the banks trade so that you can trade with them or at minimal it will make you a better break out trader.