Three days of compression, then the Open Box breakout
View full sizeFollow the decision.
Three days of compression preceded the Open Box breakout. The pullback came after entry.
Times are as recorded in the trade notes.
Gold had pushed hard into the low of the year and then coiled for three days, including an inside day. That compression was the context for the trade.
The coil created the context; the Open Box breakout provided the entry. My historical trade label was Parabolic continuation, shown here under the Parabolic Expansion play.
I entered on the Open Box breakout at 10:00 and added a second position at 10:05.
Price pulled back, then continued through the OB1x level. I cut into 10:45. My record reports 170 points and +4.5R for each position. The two position results remain separate.
The coil created the context, the breakout provided the entry, and the subsequent pullback and continuation showed how the move developed. “Don’t be greedy” was my note on the exit.
About this example
Times follow the owner’s trade notes as recorded; no clock time zone has been inferred. These charts were captured after execution. Their later indicator state does not establish every reading at entry.
Selected educational example from TC’s own trade record. Results are owner-reported, not independently audited, and are not representative of typical results. Trading involves risk. Past performance does not predict future results.
Explore the MTF processWatch the related trade recapSee video trade recaps