Setup: Trade when the price has closed below the break line..the dotted red line on the chart.....see video's on how to trade breakouts.
It's recommended to trade on the 1 Day charts only for breakout trading to avoid false breakouts on other Time frames.
See video's on placing stops and limits and how to trade breakouts
Part 1 Video 4.31 min. http://www.youtube.com/watch?v=VJMdUNae7Lw
Part 2 Video 8.52 min. http://www.youtube.com/watch?v=W581rgHsSIU
This is where i learned about strategy trading on his youtube videos
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