Buying the Right Pullback

Discussion in 'Technical Analysis' started by TraderZz, Feb 5, 2011.

  1. jsulley

    jsulley

    standpoint both entry points look good to me.

    I think that the key thing is to have written set of rules and stick to them. If you wait for entry #2 always wait for entry #2.

    I like to buy stocks or options at support when I am anticipating a bounce and use a tight stop loss. That way I am in at support and if I get stopped out so what that's part of trading. By getting in at support it increases your Risk to Reward versus waiting for confirmation.

    That's how I trade atleast. Great chart examples by the way.
     
    #11     Feb 7, 2011