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    The Pullback 20

    Uploaded by

    Sandy Geathers III

    Copyright:

    © All Rights Reserved
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    The Pullback 20

    Uploaded by

    Sandy Geathers III
    6 views2 pages

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    Download as docx, pdf, or txt
    6 views2 pages

    The Pullback 20

    Uploaded by

    Sandy Geathers III

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

     The Pullback 20 - Trading System

     Tools needed
     8 EMA
     20 SMA
     50 SMA
     5 min.- 15 min.- and 1-hour charts
     I use no other indicators.

     OK, let’s get started.

     -First, look for a trend direction on the 5 min. chart.

     -Then look to the 15 min. and 1-hour charts, make sure all three align in the
    same trend direction using the 50 SMA.

     -Go back to the 5 min. chart and look for set-ups, all my trades are taken
    from the 5 min, chart.

     -A set-up is when price pulls back away from the trend direction
    momentarily and usually pulls back into the 20 SMA, once price starts
    returning back to the trend I wait until price closes below or above (Buy or
    Sell) the 8 EMA then I’m in at the start of the next candle.

     -I scalp 3 to 8 pips depending on how strong the trend looks. Sometimes


    price will go through the 20 SMA during the pullback and head for the
    50 SMA, then again once price resumes the trend and closes above or
    below the 8 EMA... I’m in the trade.

     -I always put two trades on, I scalp one and let the other go capturing more
    pips while placing the Stop loss at breakeven.

     -This system can be used on any time frame in a non-scalp longer term
    trade situation, just adjust your charts accordingly.
     -Stop loss placement is up to you what you feel comfortable with. I place
    my stopples 15 pips out but I've never let a bad trade get stopped out, I pay
    attention to what’s going on and get out when I think the trade has broken
    down!

     -I don't usually trade for more than 2 1/2 to 3 hours getting around 70 to
    100 pips a session during the NY open.

     I never second guess myself when I spot a set-up, I'm in the trade if all my
    rules apply...Consistency pays the bills.

     This is an easy trading system to tweak and make your own.


     I hope someone has the success I have daily with this simple but effective
    trading strategy.

     Good luck,
     Jerry P.

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