90% WIN RATE SETUP, DOMINANT BREAKOUT STRATEGY!!!

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My recent often setup, DOMINANT BREAK! Simple and Common. 0:23 What is Dominant Break? 4:54 Key point of the setup Inquiry: https://linktr.ee/SnD_Mastery Recommended Prop Firm: FundedNext Challenge: https://fundednext.com/?fpr=snd_master MyFundedFX Challenge: https://myfundedfx.tech/purchasechallenge/?sl=1667 It's important to note that there is no foolproof trading strategy or setup that guarantees a 90% win rate. The financial markets are inherently unpredictable, and various factors can influence price movements. Trading always involves risks, and there's no magic formula for consistent success. That being said, traders often develop strategies based on technical analysis, fundamental analysis, or a combination of both. Here are some general tips that traders may consider when developing a breakout strategy: 1. Technical Analysis: -Identify key support and resistance levels: Look for areas where the price has historically struggled to move beyond (resistance) or has found support. -Use chart patterns: Patterns like triangles, rectangles, and flags can indicate potential breakouts. -Utilize indicators: Consider using technical indicators such as moving averages, RSI (Relative Strength Index), or MACD (Moving Average Convergence Divergence) to confirm potential breakouts. 2. Risk Management: -Set stop-loss orders: Define the maximum amount of loss you are willing to tolerate and place stop-loss orders accordingly. -Determine position size: Calculate the position size based on your risk tolerance and the distance to your stop-loss level. 3. Market Conditions: -Be aware of overall market trends: Trading in the direction of the broader market trend can increase the probability of success. -Consider volatility: High volatility can lead to false breakouts, so it's important to factor in market conditions. 4. News and Events: -Be aware of economic events and news releases: Fundamental factors can impact market movements, so it's important to stay informed about scheduled economic releases and events. 5. Backtesting: -Test your strategy on historical data: Backtesting allows you to evaluate the performance of your strategy in different market conditions. 6. Continuous Learning: -Stay updated on market conditions and refine your strategy: The financial markets are dynamic, and staying informed about changes in market conditions can help you adapt your strategy accordingly. Remember, no strategy is guaranteed to be profitable, and it's crucial to practice responsible risk management. Trading always involves the potential for loss, so it's recommended to start with a small capital and gradually increase it as you gain more experience and confidence in your strategy. Additionally, consider consulting with financial professionals or advisors before making significant trading decisions. #dominantbreak #simplestrategy #forexeducation #financialsuccess #technicalanalysis #tradingview