Price Action: Breakout Trading (Part 1)

Price Action: Breakout Trading (Part 1) When you see the market rallying like this and nervously say, "I know it's going up, but I don't want to take that much risk," at that point you should buy a small position — even just a little — but you must get in. A bull trend — observe how strong this trend is. Large or very large bodies, closing near the high, or with only a very small tail at the top of the bar — this shows bulls are aggressively buying with good buying pressure. When you see this, then look at the left-side structure. The context favors the bulls, suggesting price is more likely to go up. Once the thought "I want to wait for a pullback" appears in your mind, that means you should enter long. Do not wait for a pullback. A trend can continue for quite a long time without any pullback. If you don't buy and keep waiting for a pullback, you may not get that pullback until the market has already risen very high, and by then you may have missed an entire strong bull trend. Even i