Retracements/Pullbacks

[AngryBull]

On Saturday I´m going to start a thread about Retracements/
Pullbacks and positionsizing.
But I´m not a native englishspeaker.
What is the diffence between Retacements and Pullbacks?
Plain English please

 

[fan27]

There is NO difference between retracements and pullbacks. At least not how I use the terms.

 

[AngryBull]

Thank you.
That was what I Thought.
I prefer the word pullback.

 

[abishiai]

Why wait for Sat.? You already started one! (this one)

kp

 

[nononsense]

Quote from AngryBull:

On Saturday I´m going to start a thread about Retracements/
Pullbacks and positionsizing.
But I´m not a native englishspeaker.
What is the diffence between Retacements and Pullbacks?
Plain English please

AngryBull,

This is not a good omen for your new thread. Why did you not find out first about the difference between retracement and pullback BEFORE saddling ET again with a new thread about which you didn't seem to have the foggiest notion.

Moderator, is this not crap? If you think so, better act now.

 

[waggie945]

Oh Boy!

:eek:

 

[inandlong]

Moderator, is this not crap? If you think so, better act now.

Let's give it a chance.

 

[AngryBull]

Thanks for nice words Nosense.
When I was a newbee I catched up a lot of
good things here on ET.

My aim was only to try to give some back.
But don´t worry for "crappwriting" the thread
is finished before it started.
I have booked my teetime for saturday.

 

[RAMOUTAR]

I have yet to see someone state a clear distinction between the two. Here is the way I view and regard them:


Pullback –

Following a breakout (penetration of resistance) and breakdown (penetration of support) remorse will set in, the result is a pullback. The pullback is “complete” retest of the previous break out/down.

i.e. if the price breaks down below support of 28, proceeds to drop lower to 27, and then trades back up to 28. I see that as a pullback.

Retracement –

A somewhat “incomplete” pullback that occurs on a break out /down. The incomplete pullbacks become more significant when they occur after a “gap”. You may have heard of 40, 50 and 60% retracements.

i.e. using the example above, after the price has dropped below support of 28, proceeds to drop lower to 27, and then trades backup to 27.50. I see that as a 50% retracement.

I have never heard anyone refer to a 100% retracement, and for that reason this is how I make the distinction.


Hope that helps, and I look forward to any other feedback.

 

[electron]

Quote from nononsense:



AngryBull,

Moderator, is this not crap? If you think so, better act now.

Let's not take this crap hunt to a new level. There is enough 'legitimate' crap on this board to worry about. He just asked a question. All it takes is to answer it.