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Thread: Buy the first pullback after a new high.

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    Member kalponick is on a distinguished road kalponick's Avatar
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    Quote Originally Posted by nurivasyarifah View Post
    I do not understand about the turnaround strategy for this because I always stay away from the strategy described, Elliot Wavr .. I am almost two weeks cooped up in a loss when using Elliot Wave, well maybe I have not been able to analyze by using this strategy so it's always loss, but have a say thought that this might not fit with the character of my trade
    Acquiring a strategy is not that easy.. It takes years to master any strategy.. But when you do money will come swiftly from this market.. Dont forget that money is the hardest thing to earn in this world.. And in forex its even tougher... Two weeks is not enough to master elliot wave theory.. You should stick to that strategy until you know most of the things about it..
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  2. #26
    Member nurivasyarifah is on a distinguished road nurivasyarifah's Avatar
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    I do not understand about the turnaround strategy for this because I always stay away from the strategy described, Elliot Wavr .. I am almost two weeks cooped up in a loss when using Elliot Wave, well maybe I have not been able to analyze by using this strategy so it's always loss, but have a say thought that this might not fit with the character of my trade

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by ishvara View Post
    That is somewhat a very good strategy that we can use in our trades. We can also open trades after a high is reached because there is always a pull back after a high in any forex currency exchange trades.
    indeed sir, I agree with your opinion that we are running in the forex business then we should have a good knowledge and strategy. so we do not experience losses in our foreign exchange business.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by fandi View Post
    there is to way to get in the market... follow trend or waiting for full back... so we can
    choose the way get in to the market correctly,,,,
    young or novice traders should know the market and trends in real .. because without knowing the trend then we may not be able to enter the market is right, maybe we'll run into an error error jikita not know the prevailing trend

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #23
    Highly Reputed Member ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara is a splendid one to behold ishvara's Avatar
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    Quote Originally Posted by yogesh View Post
    When a new high is made, we should not hurry buying rather should buy when afer correction first pull back starts.
    That is somewhat a very good strategy that we can use in our trades. We can also open trades after a high is reached because there is always a pull back after a high in any forex currency exchange trades.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #22
    Banned irome is an unknown quantity at this point irome's Avatar
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    Quote Originally Posted by yogesh View Post
    When a new high is made, we should not hurry buying rather should buy when afer correction first pull back starts.
    this is good, so we have to wait for the true trend,..and it is safe for trading, because sometimes the trend continue the breakout so the trader have to accept and hold some floating minus..for it need patience....happy Trading

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. #21
    Member nobby is on a distinguished road nobby's Avatar
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    Quote Originally Posted by yogesh View Post
    When a new high is made, we should not hurry buying rather should buy when afer correction first pull back starts.
    That is surely a good way to trade but you did not include how to determine when the correction has ended and the trend will resume and how do we know that we are not in a total reversal? I think that we should use fibonacci as a means of determining pull back ending and also a means of finding a good entry.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by fandi View Post
    there is to way to get in the market... follow trend or waiting for full back... so we can
    choose the way get in to the market correctly,,,,
    it is true, but when you have to wait until the market trends that you think is right I'm new to trading by the market analyst does better with the indicators and make trades, but keep using the SL and the pips are small

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Member iwan is on a distinguished road iwan's Avatar
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    I do not understand the intent of your thread, but perhaps it relates to when we do the trade. price movements are often very strong, and there is also a long correction. here we do not necessarily have to take quick decisions by doing OP, because the correction is long and fast and sometimes just be a false moment.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #18
    Member fandi is an unknown quantity at this point fandi's Avatar
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    Quote Originally Posted by hello927 View Post
    Trends are tghe ways where one can estimate the position of the trading. It is important for the traders to wait for good trend and follow that trend. good trend will be a guide to the profit taking strategy.Support and resistance level must be considered while using pullback.
    there is to way to get in the market... follow trend or waiting for full back... so we can
    choose the way get in to the market correctly,,,,

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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