1/08/2013

A range contraction setup example

YPF had a series of range contraction day and as a result I was anticipating a breakout on it. Today it had range expansion and we entered it intraday.


Anticipating breakouts like this can give you low risk entry points and instant profit post entry if the trade works. Everyday developing a list of such stocks likely to breakout gives you a watchlist for next trading day.
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