Buy the first pullback after a new high.

Jab market nachay jarahi ho to us waqat app is may buy karan lan aur jab app dakhan kay marekt uper ki tarf jarahi hay to app is may is ko sell kar kay is may say profit hasl kar lay ya bathar treqay hay ak dafa change milta hay bara bar nahi

My friend you are talking about the correction and sometime the market takes a rebound and we should wait for the next day candle and if we see the market could move more then we need to place a buy order and we can make good profit.

Main generally buy tab karti hu jab market me uptrend hota hai aur meri forex strategy mujhe buy karne ke liye signal deti hai, main bullback aur retracement par koi trades ko open nahi karti hu kyoki abhi mujhe jyada experience nahi hai.

you probabally right dear in terms of statstically but some time the market and the concern product is highly in the influence of fundamentals and didnt have come come i mean pull back and made high hihger

agar koi new high me pullback hota hai to aapko price action bhi dekhna hota hai aap esme tabhi kaam kar sakte hai agar aapko achhe se price action strategy ka pata ho,ess business market me kaam karna asaan nahi hota bina eske..

we should be discipline at that time and should wait till the time price pull back so always go with your study and arrangement and enter the markets at the levels as predicted by you in market trading.

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Originally Posted by netra

Yes it is true and if you get a opportunity to buy at a pull back it is the best thing to do but also there might not be any pull back so always go with your study and analysis and enter the markets at the levels as predicted by you .

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It will quite wise decision if any trader will enter in the market at the level as he predict, we should not hurry if we get the opportunity to buy at a pull back, so we should be careful before making the decision.

I am attached with this business since 2011 and I ever trade with proper planning and strategy and I am earning reasonable amount and enjoying my trading.

its certainly a good strategy. If someone comes with a good strategy he must check out the strategy by creating a EA on previous charts if it works above 70% of the time then he can think about it to take it into the live scenario .buying or selling in pullback is always a good strategy but sometimes it proves a loss in opportunity when market dont retraces

It seems that this is a good strategy but I should make a back test to confirm the results , the important thing in my opinion here is the new high as you say because when the price goes to a new high it means breakout and the trend is strong and the price will go higher more.

if we short-term profit target, I think it would be fulfilled if we buy at price first, but do not try to buy it for the long term, because it can backfire, perhaps initially we will profit, but later on we might be experiencing loss even more, try to keep control of yourself, so you will not be easily affected by price