Page 109 of 203
Re: Trading Pullbacks System
Posted: Sun Jan 30, 2022 4:17 am
by Meyney
RplusT wrote: Sat Jan 29, 2022 12:47 pm
Meyney, the reason why people are looking for leverage is, most of the traders haven't got sufficient funds and thus use leverage to place some decent trades. And this is also the very same reason why the majority of traders don't make it. If the trade or more than one goes against them, their account is gone. I don't pay attention to percentage profit statements because this also depends on the size of the funds one has got. If I have got a 1000 $ account and make 200 $, it's 20%. Looks impressive, but generally it just means I made some profit. Need to do that consistently.
Reminds me of a (very good) trader I once met; he waited waited and waited for the best setup and went all in....SL =margin call
Re: Trading Pullbacks System
Posted: Tue Feb 01, 2022 6:45 am
by Meyney
Re: Trading Pullbacks System
Posted: Wed Feb 02, 2022 4:54 am
by Greg82
Hi M
Can u share this indicator .. paints lines.
Thx
Re: Trading Pullbacks System
Posted: Wed Feb 02, 2022 7:28 am
by Jon
Greg82 wrote: Wed Feb 02, 2022 4:54 am
Hi M
Can u share this indicator .. paints lines.
Thx
I think these are just trend lines which he draws
Re: Trading Pullbacks System
Posted: Wed Feb 02, 2022 8:30 am
by Meyney
Greg82 wrote: Wed Feb 02, 2022 4:54 am
Hi M
Can u share this indicator .. paints lines.
Thx
the indicator is based on a combination =pullbacks of the AO (Bill Williams histogram) with PA trendlines. it is copyrighted but you can plot it by yourself. See gbpusd today....hope this helps best M.
Re: Trading Pullbacks System
Posted: Wed Feb 02, 2022 8:49 am
by Meyney
nice clean chart only 1 timeframe/cycle. Impulse retrace this is the 15m cycle....
Re: Trading Pullbacks System
Posted: Wed Feb 02, 2022 10:10 pm
by Knight
Meyney wrote: Thu Jul 22, 2021 5:00 pm
Ok just to be clear: the charts I post here are not made after the fact (
in hindsight)-I use a mechanical /non repainting approach with zero discretion
How do you mechanically draw your trend lines. My aversion to trend lines is usually because of the discretion involved. I want to trade just pullbacks, but with zero Discretion.
Re: Trading Pullbacks System
Posted: Wed Feb 02, 2022 10:32 pm
by Meyney
Knight wrote: Wed Feb 02, 2022 10:10 pm
How do you mechanically draw your trend lines. My aversion to trend lines is usually because of the discretion involved. I want to trade just pullbacks, but with zero Discretion.
like this gy this morning...wait for histogram (making lower peaks/valleys ) pullback and/or stochastics in overbought in down move. tl from tail following the bodies is my style. There are different way's to draw of course but this is how we do it. I have posted many examples here....
Re: Trading Pullbacks System
Posted: Wed Feb 02, 2022 10:52 pm
by Meyney
GY Hourly cylce is up. But 1m cycle was down (few nice entries) see previous piccy. Notice 2 top and 2 bottom in SD clusters on 1M chart
Re: Trading Pullbacks System
Posted: Wed Feb 02, 2022 11:27 pm
by sal
[quote=Meyney post_id=1295457108 time=1643801552 user_id=4939799]
Meyney
nice explantion you did clearly
