how can i avoid sideways price action

hello
im a new trader trying out the stratagy of buying on breakouts. But it seems that when i buy on break outs the price seems to go side ways .. attached is a chart that i bought on break out at 1.75 but then the price when sideways

 

One of the ways to measure angle/slope of ema. Chop when it is low.

 

Hi RedDuke,

Can you please elaborate on measuringthe angle and slope of EMA.... I'm very new to this

 

Add let's say 30 EMA to your chart. When angle is raising and steep market is moving, when flat you are in chop. This way has its own issues as well, the price can bounce on ema for a while.

 

Thanks Duke... Make sense.... But then again an angel of the slope can be interpreted in many ways... what other techniques should i look at when buying on breakouts

 

Asking a bunch of traders "how do I avoid sideways price action" is like asking a group of boxers "how do I keep from getting punched in the face"

There are two answers:

1. "Here's how you protect yourself, by doing x y z"

2. "If you want to be a boxer, you will get punched in the face. Remember to protect yourself at all times"

In other wordz, it's normal to take small losses when your breakout retraces back below the base from whence it came. You won't win every trade.

 

regarding this specific trade / chart

Assume traders are lazy and don't work over lunch


RN

 

Thanks Wide Tailz.... But here is the thing, i'm use im not looking at one factor because i losing on 9/10 break out trades...

What factors needs to line up for a good breakout trade.. I know this a long shot questions but any feed back is good.

Thanks.

 

When I box, I stay out of the pocket at all times, until the other guy pressures or I have an open shot.

When I trade, I stay off the shorter time frames at all times, until several longer time frame setups are there or I need to cut losses after getting in.

Breakouts (like buy signals) by themselves are very poor trading methods; there is much more to the game than just stepping in the pocket and throwing a hook :eek:

 

Buy Support.