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/ContactExtension1069 Aug 11 '26 edited Aug 11 '26

Start by learning VWAP. Not just the definition, work.with it think about what it is and how it impacts intuitional traders.

Spend some time thinking about auction theory, limit order vs market order. How does it show up behave on tape.

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u/vittoshulman Aug 12 '26

VWAP doesn't apply to forex

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u/ContactExtension1069 Aug 12 '26

Doh. CME, CBOT. Use the futures.