Pullbacks and Entries
Chasing the first strong candle of a move feels like the obvious thing to do, and it’s usually the wrong one. The traders who wait for price to pull back first tend to get a better price, a clearer stop level, and confirmation that the move has real support behind it, all from doing less rather than more. Why the pullback is the better entry An impulsive leg, a pullback that doesn’t erase it, and a continuation from a much better price than chasing the impulse would have offered. ...