Transitional exam on Breakouts and Fakeouts

A symmetrical triangle suggests a breakout in which direction?
Bullish
Bearish
Either direction bro
Where are potential fakeouts usually found?
at the price action of exotic pairs
at supports and resistance levels
inside channel patterns
Which of the following is a good tool to confirm a breakout?
AUD
RSI
KFC...
CPI
Why do breakouts fail?
Wys, breakouts don't fail!
A smart minority with bigger position sizes is making money off the majority
Many traders pushed the wrong buttons in their haste to jump in the breakout
How do you fade trendline breaks?
Jumps in when price pops back inside
You don't
Jump in when trendline is broken on a strong momentum
What occurs when price breaks an important level, but doesn't continue moving in the same direction?
Market irrationality
False Breakout
Indicator failure
A ______ breakout is the reversal of price action after breaking consolidation.
Consolidation
Consultation
Reverberation
Reversal
If MACD begins to decrease even when the trend is continuing...
There's a good chance that momentum is also decreasing and the trend could reverse
There's something wrong with your parameters
There's a good chance that the trend will continue
Fading breakouts get better results in what type of market?
Range-bound market
Trending Market
Supermarket
______ are generally bullish patterns that signal a breakout to the upside.
Descending Channels
Ascending Triangles
Symmetrical Triangles
Which strategy tends to work well when trading breakouts?
Jump in when volatility is high
Jump in when volatility is low
Jump in without placing a stop loss
True or False: Volatility is on the rise when Bollinger Bands contract.
True
False
ION KNOW DAMN BRAH
What occurs when price starts to trade outside of a recent consolidation or trading range?
Breakout
Fakeout
Breakup
Baby momma's Break Dancing
Why do false breakouts occur with the head and shoulders pattern?
Traders wrongly label the head and shoulders
because many traders who have noticed this formation usually put their stop loss very near the neckline.
Because Baby Momma's Dramas make the market fails
When ATR is falling...
Volatility is increasing
My crazy Baby Momma is singing
Volatility is decreasing
How do you fade a breakout?
You don't
Trade the opposite direction of the breakout
Trade the direction of the breakout
Which of the following is NOT a good measure of volatility?
Moving averages
Fibonacci Tools
Bollinger Bands
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