[isatrader]

Since the question just came up, I thought I would post this here- What do you guys think about a pullback entry. I'm not sure as it has already breached support..but, I like what you said ISA about waiting for a higher close tomorrow than today's high. I usually just play it by ear as watching the broad market as you said isa but generally pull the trigger without waiting for a definitive close above previous high. I haven't been around very long so it is nice to read that tip-

Hi Locked in, attached is an example of what I was talking about, using the weekly and daily chart of HAL. I can see two potential pullback entries using the method I suggested in the previous post, where it pulled back to the Stage 2A breakout level at 38 and made a swing low. There where other times earlier in the pullback when it also made minor swing lows, so as I said before it's going to be a judgement call, and will need to take the broad market into consideration as well.

As this is an investor method pullback to the Stage 2A breakout point, the stop loss would have been way down below the prior major swing low, as it's not moved up until price moves up to the swing high following the breakout, which was at 43.96, and so would have only been raised in the last week below the final April swing low.

So using this example, I'd say your GREK etf hasn't given a buy-if candle yet, as it's still making lower closes, and first needs to make at least a higher close than the previous day.

I hope that makes sense, and is one fairly simple method. But I think it might be worth doing some swing trading entry research, as this is one of those grey areas that the book doesn't give any guidance on.