Welcome To ChartAttacks!

ChartAttacks Technical Analysis BlogHi my name is Guy Edrington and I will be writing and posting videos about how to use technical analysis for trading and investing in the markets. You will see new post on technical analysis on the right and on the top menu bar.

Previously I was a futures broker, a Board Of Director of the Canadian Society of Technical Analyst and completed level 2 of the Chartered Market Technical program of the International Federation Of Technical Analyst.

I now trade commodities, indices and currency pairs on the eToro Platform, which I highly recommend to anyone interested in trading.

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What Is A Breakout?

Here is a video that explains what a breakout is.

Here is the definition from Investopedia

A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. Traders will buy the underlying asset when the price breaks above a level of resistance and sell when it breaks below support.
Read more: http://www.investopedia.com/terms/b/breakout.asp#ixzz3f7D1YMr2

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