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Re: Trading Pullbacks System
Posted: Tue Mar 15, 2022 1:31 am
by Crew001
This thread and your posts have helped me massively over the last few months. Thank you for all the work you’ve put into this, it’s much appreciated.
One point I’m still in two minds about is using the 70/80 EMAs as the bias for trades. You mentioned some time ago that you would normally only go long when the 70 is above the 80. Do you stick firmly to this, or if there a clear bounce with HH/HLs do you bend that rule?
Re: Trading Pullbacks System
Posted: Tue Mar 15, 2022 2:15 am
by Meyney
Crew001 wrote: Tue Mar 15, 2022 1:31 am
This thread and your posts have helped me massively over the last few months. Thank you for all the work you’ve put into this, it’s much appreciated.
One point I’m still in two minds about is using the 70/80 EMAs as the bias for trades. You mentioned some time ago that you would normally only go long when the 70 is above the 80. Do you stick firmly to this, or if there a clear bounce with HH/HLs do you bend that rule?
Hi glad to hear I could help. Yes if you spot a HH/HL and even more important impulse/retace behaviour and bounce on a SD zone you can jump in. Most of the time this will be the beginning of a new 'trend' direction. But in general I wait for a clear move to be established. GY today at the left 8:36 was ok long while the MA's where shifting. I do like it when the trendline break is at the right side of the MA's (in this case above the MA's). Best M.
Re: Trading Pullbacks System
Posted: Tue Mar 15, 2022 3:09 am
by Crew001
Thanks that's helped. In case it helps others, this was the type of trade I've previously been undecided on.
Its the Dax from today. The blue arrows are where the 70 and 80 cross and the green arrow is where I think the reversal is confirmed. Although still a good trade, if I'd have waited until the first clear pullback following the 70/80 cross I'd miss most of the move.
Re: Trading Pullbacks System
Posted: Tue Mar 15, 2022 8:30 am
by Meyney
[quote=Crew001 post_id=1295461155 time=1647274192 user_id=4944995]
Thanks that's helped. In case it helps others, this was the type of trade I've previously been undecided on.
Its the Dax from today. The blue arrows are where the 70 and 80 cross and the green arrow is where I think the reversal is confirmed. Although still a good trade, if I'd have waited until the first clear pullback following the 70/80 cross I'd miss most of the move.
Agree nice example. On 1M there are plenty of opportunities, and sometimes we will miss a big move we just have to accept it. After all fdax 1M was nice with default entries right.
Re: Trading Pullbacks System
Posted: Tue Mar 15, 2022 2:44 pm
by Daddyhan
Thank you boss for the system.
Anyone use the files and have some issues?
my computer freeze.
anyone?
Re: Trading Pullbacks System
Posted: Tue Mar 15, 2022 6:52 pm
by Meyney
Daddyhan wrote: Tue Mar 15, 2022 2:44 pm
Thank you boss for the system.
Anyone use the files and have some issues?
my computer freeze.
anyone?
Perhaps the zone indicator (MTF SD zones) will cause issues. Remove them try to add gradually
Re: Trading Pullbacks System
Posted: Tue Mar 15, 2022 8:54 pm
by Pauliz
Daddyhan wrote: Tue Mar 15, 2022 2:44 pm
Thank you boss for the system.
Anyone use the files and have some issues?
my computer freeze.
anyone?
I found that too, I think it is the Mano rounder, I took it out and was better.
Re: Trading Pullbacks System
Posted: Tue Mar 15, 2022 10:05 pm
by Daddyhan
Pauliz wrote: Tue Mar 15, 2022 8:54 pm
I found that too, I think it is the Mano rounder, I took it out and was better.
Thank you I try.
Boss u all use 1hr as trend bias?
Re: Trading Pullbacks System
Posted: Tue Mar 15, 2022 10:33 pm
by Meyney
Daddyhan wrote: Tue Mar 15, 2022 10:05 pm
Thank you I try.
Boss u all use 1hr as trend bias?
No
Re: Trading Pullbacks System
Posted: Wed Mar 16, 2022 7:56 pm
by RplusT
Example:
All one needed to trade the US30 yesterday and today (so far) is this.
That's the core of the trading approach. And on top of that, as Meyney shows every day, use MA's as a guideline if that gives you more confidence.
That's how complicated trading is.