Guide to Day Trading Strategies

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78
Diagram of Momentum Pullback. The entry can be seen when the high of (2) is 
broken. The entry is (4). Notice the (3) is a higher low versus the low of (1).

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H O W T O D A Y T R A D E
79
Chart showing a one minute pullback in the context of a 
À
 ve minute bull 
Á
 ag. The 
entry can be seen on both the 
À
 ve minute chart for the 
À
 rst candle to make a new 
high and on the one minute chart, when the high of (2) is broken. The entry is (4).

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80
Chart showing the apex point (4) of the momentum shift. This is always the 
point where the price is making a new high after a short term pull back.

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81
Chart showing the apex point (4) of the momentum shift.
Buying a Higher High after a Pullback during a Five Minute Uptrend
During the period of consolidation when a pullback is forming, we see different setups depending 
on which chart we are looking at. I always refer to the 
À
ve minute chart when looking for setups. 
When we have a stock that has given us a long bias on the daily chart, and we have a strong 
trend on the 
À
ve minute chart, we will look for a pullback entry. In the case of the above example 
on CTRV, you can see that the price pulled back on the one minute chart below the one minute 
moving averages. The stock pulls back to price (1), then pivots and pops up to price (2), then 
pivots again and pulled back to price (3). It is important to note that the pullback of (3) was a 

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