I have spent a lot of my time recently learning about breakouts. One problem I have had is not enough high multiple R wins. I realise this can be due to poor entry/too tight stop etc.
I have a question about pullbacks. I haven't studied them in great detail but it would appear that they seem to offer greater reward/risk. It allows me to place my stop tighter and achieve larger multiple of R wins (but obviously a higher number of losses too). Is this generally the case?
Depending on the breakout, I have waited to see if some will pullback and either enter on a low volume pullback or set a new buy entry a tick or two above the high of the breakout bar (see below - I have entered (in my simulator) on the second last bar, the one that broke the green line).
I am looking to trade both breakouts and pullbacks.