Sentences with phrase «entering on pullbacks»

For instance, if your trading strategy dictates a buy, but price is right below a major resistance level, you might want to wait for a clear break - out of the resistance before entering on pullbacks.

Not exact matches

Although we would prefer to enter $ KOL as a pullback buy entry, a breakout entry on the next move above the horizontal pivot may be in order if the ETF continues to hold near the highs of its recent range.

Intraday chart patterns show Litecoin has entered overbought territory on the RSI, which suggests that a pullback may be in order as prices consolidate.

In this video, Wagner discusses the pullback entry, which is used to buy a steadily uptrending stock or ETF that was not entered on the initial Relative Strength Breakout setup.

Also, it's important to mention that a trader doesn't always have to be uncertain or conservative in their view of a trade to enter on a retrace or pullback, this is just how some traders always trade and it's part of their trading plan.

Instead of entering right on the break, wait for price to make a «pullback» to the broken support or resistance level and enter after the price bounces.

I did not do test entering on the open or on further intraday pullback or exiting on the bounce.

But entering the market on a pullback is just the first step.