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Re: Trading Pullbacks System
Posted: Wed Jun 22, 2022 10:39 pm
by TraderX
RplusT wrote: Wed Jun 22, 2022 9:46 pm
US30.....Today is really a Pullback trading day. All day long. Tons of money to make, even for beginners.
Hey RplusT.
Do you generally trade only US30 @ M1?
Re: Trading Pullbacks System
Posted: Wed Jun 22, 2022 10:46 pm
by RplusT
TraderX wrote: Wed Jun 22, 2022 10:39 pm
Hey RplusT.
Do you generally trade only US30 @ M1?
Yes, I only trade US30 and GE40. It's more than enough to focus on and get the big picture.
M1 I use to place the trades and follow higher TFs.
It makes more sense to place 10 orders on a high probability trade on 1 instrument than 1 order searching 10 or more instruments.
Re: Trading Pullbacks System
Posted: Thu Jun 23, 2022 1:49 am
by Chickenspicy
[quote=RplusT post_id=1295480975 time=1655898409 user_id=4866937]
US30.....Today is really a Pullback trading day. All day long. Tons of money to make, even for beginners.
To satisfy my "it does not matter what one puts on the chart" I used the AMA Bands for a change (I hope Meyney doesn't mind). As for any Indicator, it's just a guideline. And it works pretty well. Trendlines are of course still part of the game. ]
i like the ama bands whats the logic behind those?
Re: Trading Pullbacks System
Posted: Thu Jun 23, 2022 2:00 am
by Meyney
RplusT wrote: Wed Jun 22, 2022 9:46 pm
US30.....Today is really a Pullback trading day. All day long. Tons of money to make, even for beginners.
To satisfy my "it does not matter what one puts on the chart" I used the AMA Bands for a change (I hope Meyney doesn't mind). As for any Indicator, it's just a guideline. And it works pretty well. Trendlines are of course still part of the game.
same but different
(I would like to add: watch the impulses=big move short time versus retrace=small move long time)
Edited: I have marked the impulses
Re: Trading Pullbacks System
Posted: Thu Jun 23, 2022 5:15 am
by Meyney
RplusT wrote: Wed Jun 22, 2022 9:46 pm
US30.....Today is really a Pullback trading day. All day long. Tons of money to make, even for beginners.
To satisfy my "it does not matter what one puts on the chart" I used the AMA Bands for a change (I hope Meyney doesn't mind). As for any Indicator, it's just a guideline. And it works pretty well. Trendlines are of course still part of the game.
Why added this nonsense elegant osc?
Re: Trading Pullbacks System
Posted: Thu Jun 23, 2022 9:53 am
by RplusT
Meyney wrote: Thu Jun 23, 2022 5:15 am
Why added this nonsense elegant osc?
hahaha....that's a good question. No idea why I added it as I don't use subwindows.
But when you said nonsense I had a look at it. It's an Ehlers Indicator and works very well. Thanks to mrtools!
Re: Trading Pullbacks System
Posted: Thu Jun 23, 2022 4:23 pm
by Meyney
RplusT wrote: Thu Jun 23, 2022 9:53 am
hahaha....that's a good question. No idea why I added it as I don't use subwindows.
But when you said nonsense I had a look at it. It's an Ehlers Indicator and works very well. Thanks to mrtools!
oops sorry mrtools! Now I see it.....a red arrow= sell and a blue arrow= buy.
Re: Trading Pullbacks System
Posted: Thu Jun 23, 2022 4:53 pm
by RplusT
Meyney wrote: Thu Jun 23, 2022 4:23 pm
oops sorry mrtools! Now I see it.....a red arrow= sell and a blue arrow= buy.
Nope. That's totally incorrect. These are divergence markers, not buy and sell signals! Besides, who would trade arrows anyway!
And now back to pullback trading!
Re: Trading Pullbacks System
Posted: Thu Jun 23, 2022 5:03 pm
by Meyney
RplusT wrote: Thu Jun 23, 2022 4:53 pm
Nope. That's totally incorrect. These are divergence markers, not buy and sell signals! Besides, who would trade arrows anyway!
And now back to pullback trading!
hahaha
Re: Trading Pullbacks System
Posted: Thu Jun 23, 2022 5:28 pm
by RplusT
No idea.....this is a question for mrtools