3 Ways to Stop Buying the Pullback Too Early! 📉

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3 Ways to Prevent Buying the Pullback too Early. As traders we are prone to buying pullbacks early. We are on the sidelines watching a market. The market is driving higher, it pulls back, it starts to rotate and you think its going to turn but it goes deeper and it ends up stopping you out. That is quite frustrating. OK.

What is the binary event that has to happen for you to pull the trigger on a long trade that has pulled back after a drive higher. The first case is using an oscillator (RSI, CCI...etc). You are waiting until the stochastic goes into oversold territory and then you're buying. You need to be in the right timeframe for this. Number two is the close above a prior high.

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[d.]

Stop using tiny stoplosses and reduce your size

[gcoffey]

I need this video in my life.... I am 0 for a lot lately.

[JayHennigan]

Beautiful presentation Mark - great solutions. I enjoy using s/r lines and trend-lines for pull backs to spot potential small zones of value. Then I’d enter with either a close above candle or close below candle (depending on whether the trend is up or down).

[Barry]

Thanks for all the vids and help this year, have a good and profitable new year

[aroundtheworld]

Did it today only & missed 40k from a profitable trade!🤦

[datinderlotay]

So if you combine all three your trade is likely to be much stronger. Just my logic. Thank you James as always for giving us the pieces of the puzzle!

P.s. I use a bollinger which has the 20 ma embedded. It gives a nice exit too.

[jomeler]

What platform are you using or recommending. as I'm using city index CFD. and commission is very expensive

[davidhaylett]

On the Oscillator, for example RSI, you can get this into oversold by using a lower period for swing trading. I suggest 7 days instead of 14. Also, on the way back up, crossing the 30 line is often not enough and price will often fall again. So I suggest crossing 50 or 55 before buying.

[SD-htwr]

i dont know whether it is common or not, but i have this tendency that stock selection for intraday doesnot matter, a decent trader would make money from any chart . is that true at all or I am having a wrong thought?!

[marketsqueezer]

Look at the ATR and compare it to the session range between high and low. After 1/3 time of the session full time, then you have a guide to find an contraian edge - may be to a mean reversal 🙂

[roy.mclean]

These are good indicators and it is easy to find the setups, but in my experience if I see 100 setups and I open 20 random positions, about half of them will pull back. If I take the best setups (not random), like the highest percent above the previous high or the lowest/highest RSI, even more of them will pull back. Though these are solid, objective, easy to understand indicators, they really don't predict how an individual trade will go. The advantage is that they remove emotion (or some of it) from the timing of starting or ending a position. At the end of the day, I'm hoping that my winners outrun my losers.

[jrlarbi]

Chart 1 really played on the Nasdaq yesterday and was really good to be patient. Double bottom pull back. Good video Mark

[SSEnrich]

About using oscillators for entering pulback I like the awesome oscillator. Mark described the way to do it in his video about the awesome. Also I use moving averages to see where price has been respected before.

[janskilbrei]

Thanks, whats your opinion on divergences, wait for sec or third, and then trade?

[nancyk]

Thanks Mark - I was trading at Market price action with pull backs last week - most of my trades were too early - I am now using the oscillator to time and position my pull back trades a you mentioned in video :)

[DavidBurroughes]

Great video as always. Happy Christmas

[VicDamoneJr]

how bout using the 1 min to make sure its in the same direction

[sirloin]

Students, what does Close above Previous High mean (3:40)? Just simply in terms of Supply & Demand? It's a Bullish Engulfing Candle, but if you were watching an actual physical Auction, what would you be seeing? 🤔

[Octovisuals]

Or simply just keep buying progressively - AKA dollar-cost averaging.