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What is the fundamental pattern of any market that is trending?
Depends on the direction, right?
If a market is trending up, we expect to see higher highs and lows and the downswings to be relatively the same.
Flip what I just mentioned over and you have a market that is heading down.
This is certainly basic knowledge that any trader should know….and be able to profit from and I want to show you how trading pullbacks can do just that.
Trading Pullbacks Is Simple
Trading pullbacks in price is a basic trend trading move that has a huge following. Most “educational websites” talk about trading pullbacks in various ways and many also have use different names for the pattern.
It’s pretty great marketing when you show incredible trades all using your special pullback pattern called “Hip Lisk T-Play” (high probability low risk trend play).
Let’s keep it real and call a pullback or one of its many variations for what it really is:
A pause in the trending move.
Yes, eventually these pauses can begin a longer term move in the other direction but let’s keep everything relatively simple.
Also, the probability leans on the trend continuing…not ending. (even if it ends, we have ways to get involved but that is beyond the scope of this piece).
These pauses in the trend…or pullbacks…..can generally be either one leg moves (simple pullback) or two legged variations (complex pullback) on your trading time frame.
- See more at: http://www.netpicks.com/profit-trading-pullbacks/
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