Refining Your Entry on a Breakout/Pullback

[@bassem808]

The knowledge I have got from your channel, improved my trading capabilities significantly , thank you very much Joe for sharing such valuable informations.

[@investlikeapro7977]

Great to hear! Thank you for sharing. It means a lot to me to know that people are getting value from my content. Joe

[@johnbeall940]

Magnificent video! I'd like to suggest a video where you show how you'd buy the pullback for TSLA that began on 12/9/20. I tried to play this on the Daily/1Hr & it chopped around so much it was a tough one. I'd like to see how you would have handled it.

[@investlikeapro7977]

Okay. Will do.

[@benjamenadams4963]

Great Video Joe! The knowledge and depth you go into is awesome. Quick question as it pertains to the big strong buy bar you reference and drawing a line half way on it and making sure that it holds that half way line...... can you use the same strategy on an hourly chart? One of the stocks I watch had a big string green bar on an hourly chart and I drew in a line at the half way point of it and just wanted to know if it still holds the same significance on a hourly chart as it does on a weekly chart that you used in your example? Thanks!

[@investlikeapro7977]

Generally speaking the answer is yes. Big green bars and big red bars are important to recognize and the mid point tends to be important. However, 60 minute chart is a special animal. The reason is that some software programs use the 1st half hour as a full bar and others use the last half hour as a full bar. This means that those big green/red bars are not on all software programs and therefore carry slightly less significance for me.

[@ChaplainDaveSparks]

One thing I noticed was missing was volume. It would have been interesting to see how volume tracked price movement.

[@investlikeapro7977]

I have noticed that volume and DI are highly correlated.

[@tradingpoker1324]

I saw you on The Daily 5 and your picks. Should we be concerned about the weekly MACD over stretched on MCK and GM ? Almost bearish crossover.

[@investlikeapro7977]

I don’t think so. Neither of them are that close to a bearish crossover. Would I prefer if they were closer to Zero line? Yes. But, based on overall action, I think both patterns are attractive.

[@tradingpoker1324]

Great call on GM ! Fingers crossed for MCK to follow thru. Thanks

[@mohammaddanishparvez2667]

You shre good knowledge joe

[@investlikeapro7977]

I appreciate it!

[@alexandrer6860]

Like !