12 Wins in 13: Mastering the Weekly Breakout Strategy⚡ 12 wins in 13 trades on the weekly chart! That's right, I'm talking about a strategy that exploits the breakout of the previous weekly candle's extremes with impressive precision.
The logic is simple but powerful: I identify the trend direction with an objective approach, enter the trade after the breakout in favor of the trend, and aim for a 1% price move . The stop loss? Always set at the high of the previous candle.
Right now, I see this opportunity on the weekly chart of $NASDAQ:COIN. I will buy a PUT option as soon as the low of 146.11 is broken, with a target at 144.66 and a stop at 182.70 (the high of the previous candle). Once the low is broken, the trade will be triggered, following the successful pattern: 12 out of 13 trades have hit the target so far.
Have you tried applying such an effective strategy on the weekly chart? Share your thoughts , and let's exchange ideas!
Disclaimer: This is my objective approach to identifying trends using candlesticks, and this is not a trade recommendation . High-probability setups usually have lower payoffs , so risk management is essential . I recommend always running a backtest of the strategy to ensure it generates a positive expectancy, even with a lower payoff. Do your own research , and before replicating any idea, understand the principles and ensure it is replicable. Without replicability, a strategy cannot be properly studied or effectively used.
