breakouts, pullbacks and other

[bitrend]

The first day of the breakout, for upward breakout only while I have no observation and no interest on the downward breakout, is like a rocket launched to the sky; the crowd got very anxious in the first few minutes whether it was going to succeed or not and then after a while the crowd was assured. The same way as the stock.

 

[Peluska]

I always use both of them breakout and big retrace ones. I just use the rule of confirmation on the breakout ones, and on the retracements I use the SMA20 recrosing to the uptrend. That is my strategy and never had a big fail in these days.

 

[Jayford]

Quote from radolym:

Is it just me or maybe you guys noticed this as well: wether it's a 5 min, 60 min or daily chart buying pullbacks work about 30% of the time and breakouts about 50% of the time? Did anybody noticed similar thing?

Must be just you. I find retracements work much better. It obviously depends on your system and the markets you are trading though.