Breakout Trades

Breakout trades look for prices to move out beyond a certain range, i.e. if the market trades above the highest high of the last 20 bars, then buy.Or positions are taken if prices are breaking out of a particular chart formation, like a triangle for instance.
They can be designed to day trade, say on 1, 3, 5 or 15 minute charts, swing trade on say 60 minute or daily based charts, or trade long term on say daily or weekly based charts.