Reply to thread

If the trend in my timeframe is up by my definition, one bar with a lower top than the top of the previous bar, and a lower bottom than the bottom of the previous bar, constitutes a pullback.

I like to see pullbacks that are comprised of more than one bar. But even one bar is sufficient if it's a bottom reversal candle or it takes out the low of the last two bars.

I put my stop under the low of the pullback.

I trail the stop stop under each higher trough in the trend. I also have a couple of other criteria which, if met, will cause me to tighten the stop.