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  • 7.1 6. Pullback & Break Out

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    Kritsana Kantangkul
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    This document discusses a complete trading course on the Smart Money Concept (SMC). It will teach how to correctly define and identify pullbacks and breakouts, which are important concepts in trend trading using the SMC methodology. Specifically, it will cover why accurate definitions are needed, how to define a pullback as requiring at least two consecutive reversal candles without a ranging pinbar/doji candle, and how to define a breakout as at least two candles closing outside the range without being pinbars/dojis. Combining two timeframes can help define pullbacks, and common mistakes involve treating ranging moves as pullbacks or calling false breaks as breakouts.

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    This document discusses a complete trading course on the Smart Money Concept (SMC). It will teach how to correctly define and identify pullbacks and breakouts, which are important concepts in trend trading using the SMC methodology. Specifically, it will cover why accurate definitions are needed, how to define a pullback as requiring at least two consecutive reversal candles without a ranging pinbar/doji candle, and how to define a breakout as at least two candles closing outside the range without being pinbars/dojis. Combining two timeframes can help define pullbacks, and common mistakes involve treating ranging moves as pullbacks or calling false breaks as breakouts.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views4 pages

    7.1 6. Pullback & Break Out

    Uploaded by

    Kritsana Kantangkul
    This document discusses a complete trading course on the Smart Money Concept (SMC). It will teach how to correctly define and identify pullbacks and breakouts, which are important concepts in trend trading using the SMC methodology. Specifically, it will cover why accurate definitions are needed, how to define a pullback as requiring at least two consecutive reversal candles without a ranging pinbar/doji candle, and how to define a breakout as at least two candles closing outside the range without being pinbars/dojis. Combining two timeframes can help define pullbacks, and common mistakes involve treating ranging moves as pullbacks or calling false breaks as breakouts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Course 2.

    Complete Trading Course : Smart Money Concept - SMC

    Pullback & Break out


    Course 2. Complete Trading Course : Smart Money Concept - SMC

    What you will learn


    1. Why you need define it correctly?
    2. How to define it?
    3. Examples
    Course 2. Complete Trading Course : Smart Money Concept - SMC

    1. Why you need define it correctly?

    CTS

    BOS

    Entry >> Trend >> Structure >> HHHL / LLLH >> Break out & Pull back
    Course 2. Complete Trading Course : Smart Money Concept - SMC

    2. How to define it ?
    Pullback :
    - At least 2 reversal candles continuously
    - The first candle isn’t “range” pinbar / doji candle.

    Break-out :
    - At least 2 candles closed out of range.
    - They aren’t pinbar / doji candle

    * Combine 2 timeframe to define pullback


    T
    T/2

    * Normal mistake :
    Pullback : Range
    Break out : False break-out

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