http://www.BecomeABetterTrader.com I want to go ahead and focus on two things in tonight's video. Number one is where we are taking a look for key breakouts and break downs and what it is we are looking for when we go to take those trades. First things first, when we're going ahead and identifying key support or resistance areas. I mention this to you often in the nightly videos. I say, "we are going to break out or break down" through a key support or resistance. What happens with that when we have this is that we're looking for us to break through that key level. In this case, right here (on my charts at 1:12), looking to break through this pivot on crude oil previous at 9635. So now you can see 9635 drawn over here (on my charts at 1:20). What I wanted to do was break through it, pull back down by it and then start to go ahead and take off again. Then as we take off, I'm looking to go ahead and basically buy into those break outs back beyond there when I have any sort of additional buy signals. In this case, we had things like my momentum shift with trend signal right here. So, a great opportunity to enter a buy signal. - See more at: http://robhoffmantrader.com/break-outs-break-downs/ Rob Hoffman Trader and Educator is one of the most sought after professional traders available to the public. Sign up for his free daily trading strategy and market videos at www.becomeabettertrader.com and check the Upcoming Events section of our website for many more events with Rob. Important disclaimer and reminder for all Traders and Investors! These videos are for educational purposes only. Equities, Futures, Options, and Currency Trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Absolutely do not trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell equities, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this channel. The past performance of any trading system or methodology is not necessarily indicative of future results. Absolutely consult your Registered Financial Adviser and your Risk Trading Plan before ever investing or trading any financial instrument!
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