219# Aggressive Pullback Trading
Crossing of moving averages with Pullback
Pullback trading in trend strategy
Aggressive Pullback Trading is a trend following strategy based on four moving averages. The purpose of this strategy is to exploit a trend and enter the retracement in order to maximize the Profit / Loss ratio.
Setup Strategy
Time frame 15 minutes or higher.
Currency pairs majors but the strategy works well with pairs volatile.
Setting for h1
Indicators: SMA 5 SMA 15 SMA 60 SMA 200
Long Trade Rules:
We must first establish that we’re in a strong uptrend using these 5 rules:
Price above 200 SMA.
1. EMA 60 and EMA15 are both pointing up.
2. EMA5 is above EMA15. 3. EMA15 is above EMA60.
When we have these three conditions, we know that we’re in an uptrend.
We then wait for the price to fall back, and touch the EMA60.
Now wait that the 5 SMA crosses 60 SMA upward.
When that happens, we enter the trade.
Stop Loss = 30 pips Target Profit = 50 pips
Short Trade Rules:
We must first establish that we’re in a strong downtrend using these 5 rules:
Price below 200 SMA
1. EMA60 and EMA15 are both pointing down.
2. EMA5 is below EMA15. 3. EMA15 is below EMA60.
When we have these three conditions, we know that we’re in a downtrend.
We then wait for the price to retrace, and touch the EMA60.
Now wait that the 5 SMA crosses 60 SMA upward.
When that happens, we enter the trade.
Stop Loss = 30 pips Target = 50 pips
Examples of trading.
