Once You Learn This Strategy, You Will Never Look Back Again! #pullbackTrading #breakouttrading
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Published 2024-04-13
This strategy combines elements of both breakout and pullback trading strategies.
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Here's how it works:
Breakout: A breakout occurs when the price of a security moves beyond a certain level of support or resistance. In pullback breakout trading, traders identify a significant level of support or resistance, typically drawn from historical price data or technical indicators. When the price breaks above resistance or below support, it signals a potential change in the direction of the trend.
Pullback: After the initial breakout, there's often a pullback. A pullback is a temporary reversal in the direction of the price movement. In the context of pullback breakout trading, the pullback occurs after the breakout and presents an opportunity for traders to enter the market at a better price.
Entry: Traders using the pullback breakout strategy typically wait for the price to pull back to the breakout level. This retracement offers a more favorable entry point, as it allows traders to enter the market at a lower price than the initial breakout level.
Confirmation: Traders often look for confirmation signals before entering a trade. This could include additional technical indicators aligning with the breakout direction, such as increased volume or momentum indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD).
Stop Loss and Take Profit: Like any trading strategy, risk management is crucial. Traders using the pullback breakout strategy typically place a stop-loss order below the breakout level to limit potential losses if the trade moves against them. They may also set a take-profit level to secure profits once the price reaches a certain target.
Managing the Trade: Once in the trade, traders monitor price action and adjust their stop-loss and take-profit levels accordingly. They may also choose to scale out of the position as the trade progresses, locking in profits along the way.
Pullback breakout trading requires a combination of technical analysis skills, discipline, and risk management. While it can be profitable in trending markets, traders should be aware that not all breakouts lead to sustained trends, and false breakouts can occur, leading to losses if not managed properly. As with any trading strategy, it's essential to backtest and practice the strategy before trading it with real money.
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All Comments (21)
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I needed this. Excellent presentation. Thanks so much!
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Superb presentation as usual. You are doing justice to your second name 'Shantharaj' by explaining in a very 'Shanthi'(peaceful) manner. Thank you and hats off to you.
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Great learning. Thank you π
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Very nicely presented. Thanks a lot
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I was desperately looking for pullback strategies thanks a ton
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I'm speechless...! The quantum of teachings I received today in relation to Breakouts and Pullback Trading have surpassed my previous learnings. Now, I will use this knowledge to improve my trade success rate to the next level. Thanks a lot sir! May God bless you and your family!
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Excellent explanation. Thank you sir
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Very well explained. Hats off to you for sharing your knowledge and experience.
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Simply amazing, don't be discouraged by any negative comments
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Thanks for Helping us Every week sir
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Thank you so much sir..
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Very informative.thank u sir.ur explanation is crystal clear.plz keep posting this type videos.
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Excellent explanation. Tq u sir
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just will say big big big thanks.. love the way you explainβ€β€β€
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Great sir, very informative videos as always
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Very good presentation π
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thank you sir for sharing I must say your channel soon be viral..the way you explain in such an easy way ..ππππ
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One of the my favorite Teacher on you tube πππππππππ
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Indrazith Shantharaj, I really liked this video! I subscribed too!
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This is extremely useful and I thank you so much.
