January 10, 2012
Buying pullbacks day trading strategy
This morning in our live trade room we took 2 winning trades
on crude oil futures buying
pullbacks and selling retracements.
This is an easy day trading strategy to understand, however, new traders
will need to learn which trades qualify as high percentage pullbacks so they
make profit on each trade.
on crude oil futures buying
pullbacks and selling retracements.
This is an easy day trading strategy to understand, however, new traders
will need to learn which trades qualify as high percentage pullbacks so they
make profit on each trade.
How do you know which pullback to buy, or retracement to sell?
We certainly cannot take every trade, and there is a simple way of
qualifying the trade you want to take.
We certainly cannot take every trade, and there is a simple way of
qualifying the trade you want to take.
Trading opportunities fall into one of two categories, and
the key to knowing which pullback to buy, or retracement to sell has everything
to do with this. Pullbacks and
retracements are considered trend-continuation patterns, which is one of the
biggest clues we use in the qualification process.
the key to knowing which pullback to buy, or retracement to sell has everything
to do with this. Pullbacks and
retracements are considered trend-continuation patterns, which is one of the
biggest clues we use in the qualification process.
I want to avoid buying pullbacks and selling
retracements in sidewaysmarkets, so make sure you have an established trend before you enter your
trades using this strategy. One of the
keys to a qualify pullback is to see a new higher-high, and we teach this to
our students in our live trainings every day.
retracements in sidewaysmarkets, so make sure you have an established trend before you enter your
trades using this strategy. One of the
keys to a qualify pullback is to see a new higher-high, and we teach this to
our students in our live trainings every day.
At the end of this video we took a short trade using another
simple day trading strategy, and you can see how the trade finished up
below. Another great day of trading live
in our trade room, come see us again tomorrow at 730am EST when we do it all
again!
simple day trading strategy, and you can see how the trade finished up
below. Another great day of trading live
in our trade room, come see us again tomorrow at 730am EST when we do it all
again!
Use
these clues to buy your next pullback
these clues to buy your next pullback
