First Pullback Strategy: Simple And Powe
Hello, I am going to share with you a simple yet powerful strategy that works on all time frames:
The concept of this strategy is that we are looking for a trend that has just reversed and we are looking for the best entry point. The entry point is the breakout of the high/low low after the pullback.
Pullbacks are achieved by short-term moving averages and we are waiting for price to close below the short-term moving averages before we trade on the breakout of the high/low.
I trade using the 50/200EMA, but you can test others.
Buy signal:
EURUSD m15:
Sell signal: the opposite of a buy signal
Stop Loss: Last swing low/high or long term moving average.
Taking profits: r:r 1:1 or more. Or wait for the opposite signal to take the big trend.
For the French: French Exchange and Trading Forum: http://www.finarom.com/
The concept of this strategy is that we are looking for a trend that has just reversed and we are looking for the best entry point. The entry point is the breakout of the high/low low after the pullback.
Pullbacks are achieved by short-term moving averages and we are waiting for price to close below the short-term moving averages before we trade on the breakout of the high/low.
I trade using the 50/200EMA, but you can test others.
Buy signal:
EURUSD m15:
Sell signal: the opposite of a buy signal
Stop Loss: Last swing low/high or long term moving average.
Taking profits: r:r 1:1 or more. Or wait for the opposite signal to take the big trend.
For the French: French Exchange and Trading Forum: http://www.finarom.com/
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