what is difference between range and pull back? anyone?

can anyone tell me what it is?

 

To put it crudely, pullback is a "weak" range and TR is a "strong" range.

 

BTW I was kinda thinking of you when I created the "Trend vs Range" thread. I hope you find it useful.

https://www.elitetrader.com/et/threads/trend-or-range-how-to-know-in-advance.381079/

 

You are in a pullback now.

 

If you retest the lows and bounce and fail to break out you will be in a trading range, these are for the the most part terms to keep investors interested.

 

in which time frame?

 

market has many avatars, to confuse the newbie, and the ranging uptrend /down trend was one that screwed my mind up and account for long time.

brooks of course does not explain the difference and i had to spend a lot of money and time figuring it out.

newbies are taught, market either ranges or trends, and so, they expect, to see, black or white, and are really perplexed, when they see a rainbow instead.

there is, really a pot of gold, at the end, of that rainbow.

i think all of these coaches are the main reason 95% of traders lose.

 

yep know in advance

oh YEAH! i can see my billion usd coming

 

Well, as they always say, ya can't help a guy who wants to be down in the gutter.

Anyway, I just ask you not to indulge in hindsight bullshit. That's why I think you ended up losing for the last 20 years. Not because of Brooks' lack of clarity. Even though Brooks is in fact a lousy teacher.

 

retracement - the market is pausing its continuation pattern for a short while to let successful traders take some profit.
It also allows the counter-trend traders to trade against the trend.




ranging market - the market is totally confused/lost. It doesn't know whether to go left or right.

___________________