Re: Trading Pullbacks System
Posted: Sat Dec 11, 2021 7:03 am
yes Sal indeed. The MA's are pretty good spotting direction (best). Key is to enter at a decent price and watch Price Action (scan impulse and retrace); zoom out.
yes Sal indeed. The MA's are pretty good spotting direction (best). Key is to enter at a decent price and watch Price Action (scan impulse and retrace); zoom out.
what i scan the spot postion same you pointed and advised ..Meyney wrote: Sat Dec 11, 2021 7:03 am yes Sal indeed. The MA's are pretty good spotting direction (best). Key is to enter at a decent price and watch Price Action (scan impulse and retrace); zoom out.
Valid points. Perhaps I should have placed greater emphasis on "seems".josi wrote: Sat Dec 11, 2021 1:52 am Statistically speaking, I would wait for a sample size of 100-400 before making such statements (predictions).
Fact is: WS30 has been going up even before London Open, only now - with the spike - was it testing old highs, i. e. is it possibly and eventually turning the other way.
So guessing wasn't at all necessary: you entered around London Open, stayed in the trade until price reached 35937 (test of former high) and then said bye-bye...
P.S.: But I like your setup; the screen looks well-structured and clear.
Which MACD-indie are you using?
Sure...Pair? timeframe? we can not guess...Again; you can use a few indi's to help to determine oversold/overbought area's. AO, stochasticks etc. In the long run it is all the same (no specific indi is perfect) combine with momentum/Price action etc.
this morning only shorts; no impulses up right see it, watch PA. No Micky Mouse trades zoom out lol.