Sick of False Breakouts?

Like a large majority of traders the first strategy we ever learnt was the humble breakout. It’s a common strategy that you will find in a large number of trading books and courses. Whilst it appears on the surface to be a simple strategy that is easy to master, more often than not most traders struggle to be consistently profitable with it. Falling victim to false breakouts is the main reason why traders discard breakouts and continue their search for a profitable strategy.