Break-outs and pullbacks

Quote from 4re:

I am just your plain old everyday Pickup driving tobacco spittin Texan that owns a Company that diagnoses brian and nervous system disorders. And I have been trading for about 14 years on the side.

Actually I am on the patch trying to quit my tobacky. Man that sux.
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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
 
Quote from whoispaul:

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
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What part of Texas? I am in the Dallas area
 
As for me, I like to trade breakouts from pullbacks.

Trade "pure" breakouts only from certain patterns (narrow range bars).
 
Quote from cashmoney69:

"I may be wrong here, but if you dont see a volume spike..or at least higher than avg volume on the day of the break out...its probably a fake.
cm69
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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.
 
Quote from bluedemon77:

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.
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bluedemon,
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.

Gary
 

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Quote from bluedemon77:

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.
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watching his presentation on equity will blow your sock off.
 
Quote from 4re:

bluedemon,
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.

Gary
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Gary, thanks I'll check it out.
 
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