Nice example, I can see the fireworks are really going off at this important level. As to the line I drew, I just see it as a possible change in direction. It depends on how the PA is behaving previously. Hope your well:)Meyney wrote: Sun Oct 08, 2023 6:10 am In my trading world a 'flip' is at an important zone (HTF SD or big round number already tested and visited again etc.)
Look at your flip line on 1M tf; is this line really so important, in other words do you expect fireworks here?
For example Dow 1H with the zones and zigzag/flip/123/give it a name passing through on LTF.
Re: Trading Pullbacks System
1872SD zone low tested, and we see impulses UP with their retraces
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Re: Trading Pullbacks System
1874zoom out!!! and draw some lines will help for the bigger picture
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Re: Trading Pullbacks System
1875AUDUSD
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Re: Trading Pullbacks System
1876watch extremes
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Re: Trading Pullbacks System
1877switch to Daily for SD green zone, watch reversal pattern W black and last leg W in pink on lower timeframe
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Re: Trading Pullbacks System
1878How to be selective? audjpy daily chart. we are stuck between the zones (black). At the right red and green dotted lines= last week extremes. price will often react at these zones, to enter trades you can switch to lower timeframes like 1H+trendline. at the extreme price will 'flip' make higher highs higher lows -zigzag etc. or will reverse=lower highs lower lows like on 5M where you can enter accordingly. One remark; I plotted this red dotted line manually on daily before it was touched (no hindsight drawings)
Best an take care M.
Best an take care M.
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Re: Trading Pullbacks System
1879Gold daily you can draw your trendlines...
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Re: Trading Pullbacks System
1880I would argue that the trend line break is the best possible entry method when applying data smoothing / such as super pass band filter
50 or 70/30 cross
Is always too fast or slow on anything
Moving averages be heavy repaint on 1 bar
1 bar accuracy require trend line
Step Ma
Gann Hi Lo
Wae
Cci
Heikin
With best setting still cant find a way to beat the trendline
Because it analyzes chunks of price
Maybe exception of an xo but it has to be adjusted perfectly for each pair
50 or 70/30 cross
Is always too fast or slow on anything
Moving averages be heavy repaint on 1 bar
1 bar accuracy require trend line
Step Ma
Gann Hi Lo
Wae
Cci
Heikin
With best setting still cant find a way to beat the trendline
Because it analyzes chunks of price
Maybe exception of an xo but it has to be adjusted perfectly for each pair
0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters
Infinite / Infinite = 1
1 way to Heaven & it matters