Buy the first pullback after a new high.

[mhchomsi]

it is true that the strategy is profitable and is usually used by the scalper. entry points to ensure that we have to wait for confirmation of the first candle, but sometimes the confirmation candle is also not show the accurate movement.

in theory it is true that if the rates are reactions buy right at the top ... something very reasonable when it's done .... but it should also be noticed if there's a trend reversals so suddenly would change the direction of the trend of the market is going. It often happened

[skboyra]

yes this is a opportunity for the trader. if you get back your your amount then definitely it is a positive point for you. but sometime pullback is not possible then the previous method you have to follow and going with the applied technique.

[yogesh]

This is very good advice. If you use the RSI then you can join the trend when it becomes oversold again to join the trend on the way up. It is a good way to trade long term and to scalp.

Though forex market does not let traders make easy profit and so there are sudden unexpected moves, but over sold and over bought situations usually react and give us an opportunity to make riskless or very little risky profits.

[goldenmember]

This is very good advice. If you use the RSI then you can join the trend when it becomes oversold again to join the trend on the way up. It is a good way to trade long term and to scalp.

[ronin]

it is true that the strategy is profitable and is usually used by the scalper. entry points to ensure that we have to wait for confirmation of the first candle, but sometimes the confirmation candle is also not show the accurate movement.

[sammy]

well it is easier to say theoritically but when the market is moving fast or when you are really not sure when the correction will start or end due to some consolidation, that is the time when you face huge losses

[ahsankhan]

When a new high is made, we should not hurry buying rather should buy when afer correction first pull back starts.

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 market...

[suresh]

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.

[Bankmen]

that is the reason that I felt a bit frustrated because I think I already have a good strategy only to realized that it does not work well on other market conditions. I need to modify and adjust if all the time.

[dhiraj]

For whatever reasons first pull back after correction gives us clear idea of target also as more traders open long positive there remain very little chance for the pull back to close immature.