BREAKOUT Trading:
Defined Two Ways:
- BUY the Market as the Market makes New Highs in and UP TREND and/or SELL the Market as the Market makes New Lows in a DOWN TREND.
- BUY the Market as the Market is breaking above the High of a TRADING RANGE and/or SELL the Market as the Market is breaking below the Low of a TRADING RANGE.
RETRACEMENT (Pullback) Trading:
- Retracement (Pullback) Trading is identifying an established Trend and BUYingthe Market as the Market Retraces Down off of a New High at a Logical Level of Support in an UP TREND and/or SELLingthe Market as the Market Retraces Up off a New Low at a Logical Level of Resistance in a DOWN TREND.