The biggest factor with pullback entries is to know when it's over and if the really price really started turning back to go with the previous movement. I trade 15M timeframe.
Some of the factors i consider are
1. Pullback is turning from oversold/overbought area in Stoch
2. Candle patterns. I only look for a Hammer and Outside Bar.
3. Pullback to trendline.
This seems to work well but trying to optimize it better. How do you guys find out this if you are trading this way?
Some of the factors i consider are
1. Pullback is turning from oversold/overbought area in Stoch
2. Candle patterns. I only look for a Hammer and Outside Bar.
3. Pullback to trendline.
This seems to work well but trying to optimize it better. How do you guys find out this if you are trading this way?