分类:1PB
The 1st pullback (1P) in the 1st trend attempt can give you a good trader's equaiton.
- The first pullback occurs only after three or more bars of breaking out[1].
- The first pullback lasts only one or two bars, and it follows a bar that is not a strong bear reversal bar.
- The first pullback does not reach the breakout point and does not hit a breakeven stop (the entry price).
From NineTransitions, 1P is more specific. The minimal requirements for the setup to work are:
- There is a solid trending attempt on the open.
- The PB is 2-legged and gives a good RR.