Hello to everyone. For those who trade pullbacks, how many re-entries do you typically take? Do you have a set rule for this, or do you decide based on price action/context?

Side note: I'm trading currencies on the 4h timeframe.

One of my plays is intermediate and short term trend pullback entries. After my initial entry I will look to add at subsequent pullbacks. These pullbacks have to occur at specific areas of interest I have in marked based on my strategy criteria. If all elements are present during subsequent pullbacks, then I add half of my original position. I will do this any many times as a trend allows. My stop will continue to trail my position and price action per my strategy as well. Usually this means that even when adding I am able to at least reduce my risk to my original position and in no case does my risk ever expand (this due to only entering on subsequent pullbacks which are usually a decent amount of points away from my initial entry).

I do not have rules for adding at +/- X number of points.

I should mention that I execute trades execute trades with the 3m and 5m timeframes, but still utilize the 15m, 1h, and daily timeframes to build context and directional confluence. So, I could see a situation whereby using the 4h timeframe, your trade time horizon could require you to implement re-entry rules that differ from mine.

gambler123 

Hello to everyone. For those who trade pullbacks, how many re-entries do you typically take? Do you have a set rule for this, or do you decide based on price action/context? Side note: I'm trading currencies on the 4h timeframe.

generally when trading a pullback , you have a reference point to trade from . There are no holy grail reference points or timeframes . I would spend my time on creating a better trigger that puts you in and the triggers for scaling or getting out . I like using a spring , when price reaches the area ..I want to see a green bar with a higher close , then a red bar with a lower close that does NOT take out the low of the green bar . the spring is set, enter on the brake out of the high of the red bar , stop just below the low of the green set up bar . The idea is not to need but one entry . i look for another trade if that entry fails . hope it helps

gambler123 

Hello to everyone. For those who trade pullbacks, how many re-entries do you typically take? Do you have a set rule for this, or do you decide based on price action/context? Side note: I'm trading currencies on the 4h timeframe.

I tend to give 2 entries. If i stop out and then 2nd entry The r/r will pay for the first loss and the 2nd then I will take the trade. If you get into the 3rd and 4th its hard to make the money back