The Secrets of Trading The First Pullback: A Price Action Guide For Understanding Market Pullback That Works

The Secrets of Trading the First Pullback by Alwin Ng is a focused guide that zeroes in on one of the most powerful yet overlooked price action setups: the first pullback in a new trend. Unlike many trading books that scatter attention across countless strategies, this guide emphasizes a single high-probability entry method designed to capture low-risk, high-reward trades.

The author begins by breaking down how markets work, why price never moves in a straight line, and the psychology behind pullbacks. Readers learn how to identify simple versus complex pullbacks, measure retracements with tools like Fibonacci, and recognize when a pullback fails—an equally critical skill for managing risk. Through real-world chart examples, Ng illustrates how to spot the first pullback in different market conditions, from trending and ranging to reversal setups.

Beyond technical setups, the book stresses the importance of trading mastery. It highlights both technical mastery—understanding patterns, pullbacks, and price action mechanics—and mind mastery, the discipline required to trade with confidence and consistency. By focusing on stacking probabilities, recognizing market clues, and timing entries effectively, this book equips traders with a framework to refine their decision-making and stay on the right side of the market.

Whether you are a beginner exploring price action or an advanced trader looking to sharpen your edge, this book provides a practical blueprint for mastering pullback trading.

💡 What You’ll Learn:

By studying The Secrets of Trading the First Pullback, traders gain a structured approach to one of the most repeatable setups in the market. You’ll learn to:

• Understand why markets move in cycles and why pullbacks are inevitable across all timeframes.
• Differentiate between simple pullbacks (clean ABCD patterns) and complex pullbacks (flags, wedges, ranges, and triangles).
• Apply Fibonacci retracements effectively to identify high-probability reversal points during pullbacks.
• Spot failed pullbacks and use them as critical signals for potential trend changes.
• Master practical techniques for finding, measuring, and timing pullbacks in different market conditions.
• Combine multiple market clues—trend bars, support/resistance levels, and market player behavior—for higher confidence entries.
• Recognize why the first pullback in a new direction often provides the safest and most profitable entry opportunity.
• Build a systematic trading case by stacking probabilities and filtering only the highest-quality setups.
• Develop both technical mastery (chart reading, execution) and mind mastery (discipline, psychology, and trading in the zone).

Ultimately, readers will walk away with the ability to see pullbacks not as random fluctuations, but as structured opportunities to enter trends early, with controlled risk and strong reward potential.

📚 Table of Contents:

1. Preface
2. Introduction
3. Glossary
4. How the Market Works?
    4.1 Market Drivers
    4.2 Price Never Moves in a Straight Line
    4.3 Reversion to Mean
    4.4 Key Points
5. Pullbacks
    5.1 What’s a Pullback?
     5.1.1 Single and Multi Bar Pullbacks
    5.2 The More Pullbacks You Know
     5.2.1 Simple Pullbacks
     5.2.2 Complex Pullbacks
    5.3 Finding Pullbacks
    5.4 Measuring Pullbacks (Fibonacci)
    5.5 Key Points
6. When Pullback Fails
7. How to Use a Pullback?
8. The Best Pullback
9. Building a Case
10. Mastery – Technical & Mind
11. Further Development

The Secrets of Trading The First Pullback: A Price Action Guide For Understanding Market Pullback That Works By Alwin Ng