Trend Pullback (Intraday)
Full checklist for buying dips in an uptrend or selling rallies in a downtrend.
Strategy: Pullback
Style: Intraday
- ✓ Higher timeframe has a clear trend
- ✓ Trade follows the higher timeframe direction (deal-breaker)
- ✓ Intermediate timeframe shows continuation or a finished pullback
- ✓ Entry timeframe confirms the trade direction (deal-breaker)
- ✓ Price is at a key level
- ✓ A clear entry signal is present
- ✓ Stop loss is placed at a logical level (deal-breaker)
- ✓ Reward to risk is at least 1:2
- ✓ Risk per trade is 2% of the account or less (deal-breaker)
- ✓ Trading in an active session for this instrument
- ✓ No high-impact news in the next 30 minutes (deal-breaker)
- ✓ Spread and fees are normal
- ✓ Setup matches my trading plan
- ✓ I am calm and not chasing or revenge trading (deal-breaker)