MGB, Breakouts can be very profitable if the trader has the temperament for them and the changing nature of the markets (i.e. more false breakouts these days). They just don't suit my personality. I prefer 'wave-like' trading as parameterised by stochastics or bollinger bands. It's just a personal preference, that's all. Its like I may have a better chance of picking up blondes in nightclubs and you may pick up brunettes better... i.e. no judgement is being made on the relative merits of blondes vs brunettes or on stochastics vs breakouts ... it's just a personal thing.