The Trader's Guide to Breakout Success

Tranquil Trader

ISBN 13: 9798340684684

Published by Independently Published, 2024

About this Item

Seller Inventory # LU-9798340684684

Bibliographic Details

• Title: The Trader's Guide to Breakout Success
• Publisher: Independently Published
• Publication Date: 2024
• Language: English
• ISBN 13: 9798340684684
• Binding: Paperback
• Condition: New
• Dimensions: 21.59W x 0.33H x 27.94D centimeters 21.59 centimeters width by 0.33 centimeters height by 27.94 centimeters depth
• Weight: 204 grams

About this title

Synopsis

The Schaff Trend Cycle (STC) is a leading oscillator ideal for identifying trend reversals and overbought/oversold conditions across various assets and timeframes. It provides early signals for price moves, making it a valuable addition to any trading strategy when combined with other indicators.

The Relative Vigor Index (RVI) measures trend strength by comparing a security’s closing price to its trading range. While effective, it can sometimes send false signals, so it's best used alongside other indicators to confirm trends.

The True Strength Index (TSI) offers both trend direction and strength in one indicator, making it easier to analyze compared to using multiple tools. It highlights potential trend changes, overbought/oversold conditions, and trend weaknesses.

The Trader’s Guide to Breakout Success: 5 Key Conditions for Profitable Buy Setups provides a complete trading strategy with predefined rules, clear entry and exit points, and established risk-reward parameters. This strategy, powered by multiple leading indicators, helps filter out false signals and enhances trading profitability.

This method works effectively for all trending instruments like stocks, forex, commodities, futures, and cryptocurrencies.