Thanks you for your explanations and clearing my doubts.
Re: Trading Pullbacks System
1381Thanks you for your explanations and clearing my doubts.
- These users thanked the author Demos4x for the post:
- Chickenspicy
are you keeping in mind liquidity as well? every cluster of stop losses is the institutions targetsMeyney wrote: Sun Jul 24, 2022 4:58 am EU 1H still long bias. we want to see for a long the previous SD zone penetrated and retested (pullback/flip) as marked/labeled before. The last impulse was UP notice on the chart.
ok if that works for you then by all means, the market moves because the economy not technicals
the economy is just right there on the chart, and how often good news will move the market lower and vice versa.chickensword wrote: Sun Jul 24, 2022 6:57 am ok if that works for you then by all means, the market moves because the economy not technicals
its not fake news if the actual report comes out is it, im not saying your way wont work but you dont understand the meaning of fundamentals or else you would be using themMeyney wrote: Sun Jul 24, 2022 7:03 am the economy is just right there on the chart, and how often good news will move the market lower and vice versa.
I do not predict i have learned my lessons. I wait for them to make the move=impulse and if I can find a nice entry=retrace I will join as said many times before on this thread. All fundamentals and psych. are processed in the charts: look back on years and years of data you will see the same patterns you do not need news. If you want to try to trade fundamentals/news perhaps it will work on the highest timeframes; jpy chf. My experience is all these news events on forexfactory etc. are there to move price from impulse / chop to impulse with a 'reason' otherwise retail traders will quit anyway. Without news no moves....but impossible to predict. My humble opinion.chickensword wrote: Sun Jul 24, 2022 7:07 am how about this we both predict and lets see whos right? that will prove it
european inflation has reached a record high of 8% despite the .5 interest rate
americas is at 1.5
it will go sideways or go down
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