💥 Breakout Trade in Action: Complete Walk-through From Our Live Trading Room 📈

We’ve got about two and a half minutes left. Again, I want to see a surge right through here. If that happens and we get a weak pullback, then the buy stop goes into place. Otherwise, my buy stop is just hanging out up here somewhere until I drag it down and lock it in.

I’d love to see this come up here, take out this high, then dip on the next candle and rip. So again, if this thing triggers and we get in, we’re looking for acceleration through this swing high. That must happen. If we get a slow, grinding chop through there and delta is weak, kill it. If we get a slow, grinding chop and delta is building and building, hold on to it.

If we get that surge and get wicked in, worst-case scenario, it whips up here and takes us out. If we start to get some negative delta up here and we see some movement down, go ahead and kill the trade. It’s just not ready to pop yet.

We need some volume right here. We’re at 2,700 on this 10-minute bar, which is pretty good. It’s not the biggest I’ve seen, but it’s not the smallest either. I’ve taken trades off of less. Ideally, what we want to see is for the price to close through here and give me a nice push. We’re at 3,500 now — that’s good. I’d like to see it close above here. That would be excellent.

On the opening of the next candle, I’d like to see it dip pretty hard. I’ve got mine set at 89.75. I may be a little early on this one, so I’m going for a low-risk shot. 56.90 — I’m banking that it’s going to take off from this 34.

Okay, I’m triggered in, and we’re going to let this thing cook. Again, I want to see acceleration through here and here. If I don’t get it, I’m going to kill the trade. If this thing is going to break and go, it’s going to do it fast. If it doesn’t, kill the trade and get out.

We’re going to let it marinate for a bit and see if we get that nice push. I’ve got my initial target set at 57.00 for Target One. Target Two is way up here at the moment, in case this thing just takes off.

I’m not seeing that initial acceleration, but delta is building. So let’s go through the cadence real quick. Can we check off our list? We have a setup, do we not? We have a partial close through massive delta on this candle here. The only question is, can we get the acceleration? If we get it, all good. If we don’t and we start to lose and dip into here, we might dip down a little, and that’s okay.

Delta is fading a bit, but we haven’t lost trend strength. We haven’t broken below here. We have a delta doji with heavy delta buyers building up. If this thing is going to pop, it’s going to go. If not, we’re just going to sit here and go flat for a bit, and that’s okay.

Still a good setup. Still a good trade. Still a good shot at it. We’re going to retrace a little bit. If you look at the 30-minute chart, what we want to see is acceleration breaking above the PC and expanding value upwards.

You should be up about six points now, retesting 57.00. There’s probably going to be some resistance here. We need to see acceleration through this level.

Right now, we’re at 56.98. I’ve got my next target up here, and we’re just managing this trade and monitoring it along the way. We’ve got two minutes left in this candle. Again, we want to see acceleration through this swing high.

If we don’t get acceleration through this swing high, we might see some retracement. Delta is building nicely. We’re now up to 2,000 on this candle. We went from 3,400 to 2,000, expanding up.

The next test is right here and here. If we get a nice push through, we’re in the clear. A new 10-minute candle is about to start in about nine seconds. Bullishness is fading, so we might be in for a bit of a retrace on the next candle.

Go ahead and kill that next contract — it just didn’t go. It’s going to retrace a little more. The selling delta ramped up, but that’s okay.

Again, consider the context of the week. This has been a challenging week for breakouts and breakdowns, so you’ve got to manage them closely. You see how I do that in trending weeks.

Would I get back in now? No, I’d probably wait until 57.00 breaks. We’ve shown some weakness. Delta is moving down while the price is moving up — that means something is off, and I’m going to let it sort itself out first.

On this 30-minute candle, I want to wait for a close above the PC and possibly above here, but I do want to test that 57.00 level. You don’t want to get caught in a failed breakout at 57.00.

So, my next move would be a breakthrough of 57.00, a pullback that holds, and a buy stop at the top to take it to Target Two.

Hey everyone, it’s Dale here. I hope you enjoyed the video. If you’d like to trade alongside me and our team of prop firm-funded traders every day, click the link below the video and hop aboard. We’re looking forward to trading with you.