Trade Plan

Trading the First Pullback in PEP Play When It’s in Play

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In this post, I will break down the First Pullback Pattern and use a real example in PEP to show exactly how the trade is structured.

First, we identify the context (the First Pullback).
Then we apply a structured execution method (WRB Fade).

The key idea is simple:

Only trade when the market is in play.

So how do you know when a market is in play?

You’ll see a clear impulse move — an expansion with urgency as traders are forced into or out of positions. Bars expand in size and begin pushing with less overlap than the previous bars.

The First Pullback Pattern is exactly what it sounds like:

The first pullback that occurs after this impulse move.

Workflow

1. Wait for the market to be in play (a clear impulse move).
2. Identify the first pullback after that impulse.
3. Execute the trade using a structured rule-based plan with defined entry, stop, and management.
4. Repeat the same process in back tests and live trades to build skill with the pattern.

By locking into one pattern, one context, and one entry method, our trading becomes far more precise and far less random.

Now we have something we can test, track, and measure.

That’s what turns a “setup idea” into a real, repeatable trading process.

Link to WRB Trade Planner

Shane

Context: The Difference Between Random and Quality Trades

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A setup is only a small part of a trade. Context determines its meaning.

The same WRB setup will often behave differently depending on where it forms within the swing.

In this video, I’ll lay out a simple way to think about and understand context using swing zones. The swing is divided into three main zones — the Swap Zone, the Pressure Cooker Zone, and the Clean Air Zone.

For each WRB, you should ask:

• Which zone it formed in — Swap, Pressure Cooker, or Clean Air
• Which type of entry makes the most sense — continuation or fade
• How it fits into the larger structure — trend, range, or transition

Your setups become clearer when you can say,
“This WRB is happening here in the swing, so its message is probably this.” With practice, you will begin to understand how price behaves in different parts of the swing cycle.

Live trade plan: NXT Clean Air WRB fade.
We’ll apply this context framework to a Clean Air WRB fade trade on the weekly NXT chart, defining entry, stop, and target with the WRB Trade Planner rules.

WRB Trade Planner Indicator – How to Plan WRB Trades

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This video is a tutorial on the WRB (Wide Range Bar) Trade Planner indicator. I cover what it does, what it does not do, and how to use it. At the end, we plan a live WRB Fade trade on DASH.

What the Indicator Does

The indicator provides a structured approach to designing clear rule-based trade plans around WRBs, with predefined entry, stop, risk, and target levels. It is designed to reinforce discipline and consistency.

• Identifies WRBs using user-defined criteria
• Displays entry, stop, and target levels derived from the WRB
• Calculates position size based on dollar risk and stop distance
• Marks triggered and canceled trades visually on the chart

What the Indicator Does Not Do

• It does not decide which WRB you should trade
• It does not distinguish between high-quality and low-quality WRB setups

Trade selection, context analysis, and management decisions remain the trader’s responsibility. This tool is designed to support a disciplined process — not replace it.

Indicator Link:
Wide Range Bar (WRB) Trade Planner

Shane

Taking On Discipline In Stages

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Once you have decided that you need discipline in your trading, knowing where to start can be difficult and overwhelming. There are many pieces to a trading plan, and it’s easy to feel overwhelmed.

You can break the task into manageable sections and master one discipline at a time, or focus on the the discipline you need. This approach makes the process more manageable and ensures that each aspect of your trading strategy is given the attention it deserves.

Trading Plan Components: Each of these sections should have objective rules so there isn’t any escape room:
Method Rules
Entry Rules
Stop Rules
trailing Stop Rules
Exit Rules
Journaling

Trade Plan for TME, COIN

Shane