ib breakout: by extension

this report shows, for all the times price has moved outside of that initial balance, how large the moves are and what type of continuation you can expect. now lets look at es futures ny session to see how we can use it in our trading :

use this report to maximize profits when taking trades breaking out of initial balance ranges. you can use this to set profit targets, and even catch reversals depending on the range and volatility of the day. why ib breakout by extension matters : understanding what to expect from an extension breakout can help you accurately set profit targets so you can take profits before price reverses on you. you don't want to go for home run trades every day and set targets too far away.