Break-outs and pullbacks

Discussion in 'Technical Analysis' started by fatrat, Jan 18, 2007.

  1. haha ...

    me being a redneck texan as well that used to drive a F. but no tobacco spittin for me - stickin with beer and spareribs
    #11     Jan 19, 2007
  2. 4re


    What part of Texas? I am in the Dallas area
    #12     Jan 19, 2007
  3. Houston,

    now got kicked over to Europe :(
    #13     Jan 19, 2007
  4. 4re


    Thank goodness for the internet,huh
    #14     Jan 19, 2007
  5. As for me, I like to trade breakouts from pullbacks.

    Trade "pure" breakouts only from certain patterns (narrow range bars).
    #15     Jan 19, 2007
  6. bluedemon77

    bluedemon77 Guest

    Cash, I've heard this before and Jack Hershey's equity method relies on volume as an indicator of a trend building or fading, but quite frankly I have never been able to see it. Volume appears to spike when a trend starts or ends, but then it also appears to spike at random times as well. I have not figured out a way to use volume, other than if the volume is much lower than average, that's an indication that the price action isn't necessarily important, but that doesn't always hold true either.
    #16     Jan 19, 2007
  7. 4re


    Here is one of my favorite trades to take. And volume is very important on this trade. Once you read this then just pick a chart and watch for the pattern and volume. Play with it for a while and see if you like it.

    #17     Jan 19, 2007
  8. nkhoi

    nkhoi Moderator

    watching his presentation on equity will blow your sock off.
    #18     Jan 19, 2007
  9. bluedemon77

    bluedemon77 Guest

    Gary, thanks I'll check it out.
    #19     Jan 19, 2007
  10. bluedemon77

    bluedemon77 Guest

    Where can I see it--online somewhere?
    #20     Jan 19, 2007