Quote from arzoo:
When it pulls back from the breakout, what validates an entry (ie. is it a pullback, or a failure)?
And when in the pullback do you enter?
It's tough to identify the difference between a good or false breakout in the breakout of a range, but in general, if a single bar shoots up out of the range then comes back down to close below the range highs in the same bar, it was most likely stop running, whereas if the market trades up out of the range for 3 or 4 bars, then retraces to the prior highs, it is more likely a valid breakout and a better entry at the range highs. You could also do some backtesting and see if there is some percentage threshold that would indicate a valid breakout. For example, if it breaks out more that x% of the amount of the range (high minus low), then that would indicate a likely breakout, and you could begin to add on pullbacks.
In uptrends, I look for pullbacks to the prior pivot high which often acts as support. Additionally, I may look for a pullback to a moving average, or alternatively, I'll use stochastics or RSI or some other technical indicator.
I'll use the indicators I just mentioned based on which ones seem to work best for the particular market and time frame I'm trading. Also, I usually just use the most common settings for indicators, but will adjust them to better fit the market and time frame, if necessary.
Wish I could be more specific, but I haven't found anything specific (i.e. the holy grail) that works consistently over time, even for a single market in a single time frame.