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Trading Pullbacks System

by: Meyney
Trading Pullbacks System Trading pullbacks with trendline break. First target is previous high / low. Be selective: for example if the MA's are flat there is no clear direction, move to another pair or other timeframe if you notice this. Stop Loss: can be previous high/low or even better one before...

Re: Trading Pullbacks System

by: Meyney
Pullback trading works well with pretty much any system. Using MAs, is simple and practical. But I think the whole thing sits too tight i.e. it should leave a bit more room for the pullbacks. Thus I'd set the MA.s to 144, 99, 69, 54, 45, 36,21..... Don't be curious about the numbers, I'm a fan of T...

Re: Trading Pullbacks System

by: Meyney
If I may ask - what are your inputs for the RSIMA? PS: you sometimes use weird trendlines (i. e. ones which do not reflect the Pb-extremes). I just loaded this indi with default setting as example, a few others are possible for example Stochastics to show OB/OS areas. Weird trendlines? Let me check...

Re: Trading Pullbacks System

by: Meyney
Looks nice. Do you have any preffered pairs? High adr, low adr, indexes? You can trade this idea on any pair / index and multiple timeframes, depending on your spread/conditions by your broker of course. I am always careful/aware when at round numbers and structure of the market (did we make higher...

Re: Trading Pullbacks System

by: Meyney
I realize this is a boring template; almost no indicators but still this idea is all you will need believe me; you have to spot where the MA's are widening, spot the first move-this is fast, spot the retrace-slow, enter, spot the previous high/low. In fact trading is boring just as this template. Sl...

Re: Trading Pullbacks System

by: Meyney
It's not a boring template, it's just the way you trade and it's the right way if it works for you. Keep it that way and you are a successful trader. The only difference I would do regarding the way I trade, is to replace that RSI for the standard RSI and draw the trend lines on it. Appreciate your...

Re: Trading Pullbacks System

by: Meyney
The reason my candles are single color is just for clear the charts, doesn't matter to me if they are green or red, I only care about price action between S/R levels combining when price breaks the trend lines on those levels. And the most important searching Daily down to 30 mins charts looking fo...