tag:blogger.com,1999:blog-26012405.post6704778498577198547..comments2024-03-10T12:27:40.157+00:00Comments on the trend follower: A current example of exploding profitsUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-26012405.post-25652661282062481332014-12-08T08:21:37.959+00:002014-12-08T08:21:37.959+00:00Unfortunately, if you look at my trades list, most...Unfortunately, if you look at my trades list, most of my losing trades are as a result of failed breakouts - they are a cost of doing business. In the case of CNU, the failed short breakout in November did not meet either our scan or visual criteria. The two failed breakouts in July occurred within a long period of consolidation between March and October, and also didn't meet some of our visual criteria (this element cannot be programmed into a scan code) so again you wouldn't have taken either of those signals.<br /><br />Even the long signals given in late September/early October would not have come up on our scans. The recent breakout did, however, and also visually was a great set up.Trader Stevehttps://www.blogger.com/profile/07875469634283453010noreply@blogger.comtag:blogger.com,1999:blog-26012405.post-76377837910223685552014-12-07T23:20:30.260+00:002014-12-07T23:20:30.260+00:00How would you recommend avoid false breakouts? For...How would you recommend avoid false breakouts? For instance, in CNU chart above, I can see 3 false breakouts: failed long breakout in Jul, failed short breakout in Jul, failed short breakout in Nov. Thanks in advanceAnonymousnoreply@blogger.com