Additional with this strategy is using STOP LIMIT for entering the Setup.
STOP LIMIT is like STOP, but with LIMIT PRICE.
Advantage:
-Your queue may not be seen cause it's only trigerred when price get into yours. Unlike limit or stop that the queue is right in everybody's eye.
-Protect from spiking price. The sudden price if using stop may filled you with bad price. Sometimes the worst price that time.
Disadvantage:
-In fast market it's very frequent the price won't get filled. But we can reduce the chance by tolerate 1 tick. In volatile market, 1 tick is not so important as market may move 10 tick in seconds.
Notes:
If you are a with trend trader, then you may enter the breakout after sudden volume. That's where other counter trader put their stop loss. Sometimes it's a trap, but most of the time give little more pips/ticks to enjoy. Just be careful as surging volume at bottom/peak shows exhaustion where most of with trend trader got out and counter trend get in.
Last word : Trade with your own risk :)
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