5 minute ES expanding triangle. Sooner or later it has to break. Time of day and small scale of this illustration make it micro-structure which imo is often noise.
Your questions..., and this example - are a royal exercise in mental masturbation How long is a piece of string ========================== What kind of trader - range..., B/O..., something else What's the overall context Between A & B..., back to A - range trade it C - B/O trade it E - no reason to enter (based on this whatever it is) If in a B/O trade (from C) - then @ E start identifying a place to exit so as not to give back 100% of the unrealized profit to that point You didn't label the breach of $50.10 (back into the range) - why not - that could be a trade D - is another B/O - trade it as such In addition to overall context missing..., so is..., where the hell to set a stop loss for each trade ================== btw - anyone telling you to enter at B..., hold through C...., or even hold to E - is an idiot Range trade - when price in a range B/O trade - when price B/Os Never confuse the two RN
Another way to look at this is that in a sideways range the breakout can reach a distance measured by the height of the range. So if the range height here is A to B, breakout can go from C to D as a target. Lot of discussions of measured moves out of a breakout discuss this but whether it is true or not is up to you to study these range breakouts and see where they go to (measured move).
For a start, you are not using the best chart, so, how do you expect to make an informed decision that might put the odds in your favor! J_S