Pullback Entry Timing
Whenever there is a strong pulse, market often makes another attempt in the direction of that pulse. If the 2nd attempt fails, often it provides a low risk entry in the other direction. High probability ones would be those trades that are in the direction of higher time frame trend. Hopefully the accompanying chart makes the tip clear.
Often this helps to anticipate an ABC/Swing trap pattern early on and be patient. I use this concept daily in my trading.
Probably nothing new in concept but felt sharing this might be a good way to show my appreciation to Craig for generously sharing his knowledge.
Wish you all good trading!
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Tips and Tricks.