breakouts and breakdowns intraday

successful breakout chart1

failed breakout chart2

First we shud know why we are discussing breakouts/downs?
1) Real and definite gain starts only after breakout/down-
In trending mkt only we can gain confidently as we have definite stoploss in hand and mkt
runs in our favour for longer duration.
2) Easy to detect BO(breakout)BD(breakdowns)-
I will show u by examples how its easy to detect real BO or BD Points.
3)After BO/BD Gain is atlest double or triple than stoploss-
It Helps in maintaining profit loss ratio.
4) fibonacci level is BO or BD -
As we all know fibonacci levels are as accurate as pin points, accuracy is highest to determine BO/BD
5) Volume is the key-
BO and BD supported by good volume works... volume is easily seen on charts.
these five points are enuf to know the imporatnce of BO/BD points

first we will go thru BO/BD charts

Go thru both the charts (15 min. timeframe)

chart 1 is successful breakout

conditions fulfilled

1) RSI above 50

2)dmi(adx) raised when breakout came

3)volume is very good extraordinary and almost double of avg volume

4)days high (consolidation range) broken decisively

In this Bo case - 15 min. candle that broken the days high (4245) its low is 4232

as all conditions fulfilled 4232 is stop and we bought at bo point (4545) means our stoploss is roughly 20 odd points which not broken till we achived higher tgts.

chart 2- unsuccessful breakout

conditions fulfilled
1) RSI above 50
2)dmi(adx) not raised when breakout came
3)volume is good
4)days high (consolidation range) broken

only condition that not satisfied is ADX raising

and it shown in next few candles mkt came down below (breakout point's)candle low and

Failed the breakout

From above discussion and charts

I take break out trades as opportunity

keep stoploss given by market and go with the mkt till next break downpoint or next important fib level comes.

yesterday 26 june given same opportunity to trade i will discuss it with chart in next topic.

THANK you