Do you like my free RU-vid videos? Then you will love the Tradecademy! My course summarizes 16+ years of trading experience in a few hours. And you receive support from your mentor (me!) 7 days a week in our private chatroom: ► tradeciety.com/academy/
My win rate sucks trying to catch the early turnaround point in pullbacks. What I instead do, is I place a buy or sell limit at the breakout level, in anticipation of the breakout for the trend continuation. No more guessing with pullbacks. A 60% win rate on a 1:1 R:R is more than enough to be profitable.
I was told by a number of traders to wait for the pullback and that trading breakouts results in a lower win rate compared to waiting for pullbacks. I have been going through charts and I trade daily and often times waiting for a pull back means lesser trades. I am surprised that you mentioned in your video that pull back trades are riskier.
I was confused and surprised too when he said that. Later videos of him seems to correct this. Waiting for the pullback is pretty much the safer version, better winrate and less trades. The inmediate breakout version is way more risky, you can be caught in a fakeout, but gives more trades.
Today I wanted to watch video about pullback and after video about breakout. I was very impressed that I found this video where you combine these two things together and saved my time. If I could I would press double like below this video
Why would you not play the breakouts and the pullbacks? The strongest moves never pull back so why miss those moves. if the breakout doesn't work then just get out and play the pullback. Thanks for the videos
Hi, how are you? I see that you have experience in the market. I have some doubts: 1- What strategy do you use to operate the markets and in what timing (Scalping or intraday mode). 2- Do you have a course, where you explain your strategy in detail? (Ex: Active; Temporality; At what time to operate the market; Indicators; When to enter and when not to enter an operation; Effectiveness of the strategy; etc). From already thank you very much. Greetings!!!
I appreciate this video! I wonder what about supply and demand zones and VSA (volume Spread Analysis) trading? Or at least incorporating volume analysis on the breakout and pull back strategies?
Brilliant analysis Rolf. I prefer pull Thanks so much for all your uploads & podcasts they are fantastic, but this one in particular is very very useful for me. 😎🎸
I could swear ive watched one of your videos saying the pullback has a better winrate but less trades. While the breakout gives more trades but more chances to get stoped out due to fakeouts and not so good winrate. Now, i am confused.
Rather place a limit order at the breakout level in a trend. Pullbacks actually have a very low win rate compared to trend continuation breakouts. I always get faked out with trying to be early in a pullback, but if I wait for a pullback to finish, and actually start pushing, my win rate skyrockets.
personally breakout trading system is more risky/ developes FOMO/ lot of fake breakout and uncertain TP (for new trend witout historical records) compared to pull back trading system which have established base of entry (support) and potential TP (historical resistance) and trading information gathered from past Volume Profile but it is up to individual approaches and edges and ther is no right or wrong, just personal view.
Absolute nonsense...professional price action traders take both trades...there is nothing risky about breakout trades if you can actually define a breakout trade. Uncertain TP? Breakout TP is right there on the chart...Breakout Pullback TP is right there on the chart...if you can read price action. Volume Profile is irrelevant to professional price action traders...you can tell which trading range has the most volume by its price action.
