[GCB]

Originally Posted by Soultrader »

Speaking of getting in before breakouts, it is a setup I do enjoy taking. But I find it a little risky. You are buying the top or bottom of the range. You can either use an extremely wide stop or will get stopped out prematurely before the move.

I think you can sometimes have enough time before the breakout happens to buy/sell the bottom/top of the pre-breakout range on up/down breakouts. This requires nerve and premonition, but is actually safe if you feel strongly about the breakout. It gets you some more ticks of profit and eliminates the noise factor in getting stopped out.