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Do you trade for breakouts/momentum or reversals?


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Do you trade for breakouts/momentum or reversals?

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  #1 (permalink)
 blackgrey45 
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Do you trade momentum and breakouts or do you buy lows and sell highs trying to time reversals?

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abev
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I trade Options to harvest premium. As such, I trade with the expectation of price staying within a range, but not caring if the direction is up or down.

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 FuturesTrader71 
 
 
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 trendisyourfriend 
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blackgrey45 View Post
Do you trade momentum and breakouts or do you buy lows and sell highs trying to time reversals?

How would you define a pullback, say on VWAP ?

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 blackgrey45 
Marco Island, FL
 
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trendisyourfriend View Post
How would you define a pullback, say on VWAP ?


It depends on your time frame. I day trade the ES and a pullback is about 5 to 10 ES points. If your holding time is more than a day a pullback may be 100 ES points, all depends.

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