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RT's,
There is another term which I suppose can still be considered a Breakout,
but so as not too confuse, I like the term "Break-In." Example: this works
well in the Meats, However you establish the long term trend, let's say trend
was down, the market opens above yesterdays' highs, one can place a sell stop
four tics below yesterdays' high as today Breaks-In to yesterdays' range, one
can use the intraday highs plus a few tics as protective stop and exit a
number of ways. This can be a method to add on for long term positions, 1-3
day trade for a swing, predetermined amount of profit or MOC.
Of course, the break-in can be for long as well.
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