DatTong

The One Chart Pattern That You Must Trade!!!

Education
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The One Chart Pattern That You Must Trade
What's a "first pullback"?
This is just the first pullback after a significant price event. For example:
- The first pullback after a trend line break .
- The first pullback after a breakout.
- The first pullback after break down (short).
- The first pullback after any wide range candle.
- The first pullback after a break to new highs
EX:
The first pullback after a trend line break .
The first pullback after a breakout.
The first pullback after a breakout EMA
The first pullback after a break to new highs.
The first pullback after a breakout from the range






Comments

Are you saying to trade the pullback or wait for the pullback to be over and then trade the breakout?

fyi: You guys do know that the first pullback is just market makers hunting for stop losses, yea?
+6 Reply
which ema do you use? I normally have 21 50 and 200 on my charts.. I know non of are the ideal but which one is the most closest to the accurate one?
+4 Reply
DatTong PIP_Digger
@PIP_Digger, There are no accurate ones just the one that matching with how you use MAs for. For S/R, fair value, crosses, etc... I sue 78, 150 as a habit, not magical number
Reply
Nice Work, Thx!
+2 Reply
nice! good work
+2 Reply
love the pull backs
+2 Reply
DatTong EZIO-FX
@EZIO-FX, cheers bro!
Reply
Nice post! Keep it up
+1 Reply
maybe suport and resistance lines, trends will help you define a better entry toguether with a pullback.

I am far from being a TA expert (neither a native english speaker), but the pullback means:

breaking some sort of resistance levels, and testing it as a suport line confirm the trend.

something like that, I guess ;)
the post author can explain it better than me for sure, just trying to help.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out