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Re: Trading Pullbacks System
Posted: Sun Oct 09, 2022 11:34 pm
by josi
Meyney wrote: Sat Oct 08, 2022 6:19 am
Good idea let's wait for replies. My humble opinion: because we were are at alltime lows on gu it is dangerous
Weekly:
bias is strongly down but
1. price was rejected at S1of monthly pivot
2. price moved above & closed above monthly pivot
3 around 1.0830 buyers return
4. I think there will be a retest of this area (before price may try to reverse)
But all this is neither here nor there the moment high impact news occur (as may happen any minute these days).
Re: Trading Pullbacks System
Posted: Mon Oct 10, 2022 1:31 am
by Jon
josi wrote: Sun Oct 09, 2022 11:34 pm
Weekly:
bias is strongly down but
1. price was rejected at S1of monthly pivot
2. price moved above & closed above monthly pivot
3 around 1.0830 buyers return
4. I think there will be a retest of this area (before price may try to reverse)
But all this is neither here nor there the moment high impact news occur (as may happen any minute these days).
Thank you for your observations josi, it's something to look out for and keep in mind.
Re: Trading Pullbacks System
Posted: Tue Oct 11, 2022 5:15 am
by Meyney
erynade wrote: Sun Oct 09, 2022 11:16 pm
Thank you GURU
thankyou.png
btw i still need other indi to combine base on your concept
Capture.PNG
profit regards
erynade
Not sure if you need other indi's it seems you have enough info on your charts like the trendlines. You can delete the subwindows (it will confirm your PA analysis but it is too late=lagging and will distract). I highlighted the impulses in black on your chart if you combine it with your setup there you have your missing indi. Perhaps this last missing indi is your brain/experience spotting these moves.
Re: Trading Pullbacks System
Posted: Tue Oct 11, 2022 8:45 pm
by Meyney
we had this retest GU on daily and trendline break (see daily chart). GU 15M chart fat black line = Daily (as shown in daily chart) trendline (break) and pinpoints entries on the 15M with the MA's if you want
Re: Trading Pullbacks System
Posted: Tue Oct 11, 2022 8:55 pm
by RplusT
erynade wrote: Sun Oct 09, 2022 11:16 pm
Thank you GURU
thankyou.png
btw i still need other indi to combine base on your concept
Capture.PNG
profit regards
erynade
Huh!...No offense, but I suggest you hit the delete button. The blue lines (Trendlines) are more than sufficient to trade this chart. With so many lines waiting that one confirms the other, one can't see the price action anymore. But of course it is solely up to you.
Re: Trading Pullbacks System
Posted: Wed Oct 12, 2022 3:59 am
by erynade
Meyney wrote: Tue Oct 11, 2022 5:15 am
Not sure if you need other indi's it seems you have enough info on your charts like the trendlines. You can delete the subwindows (it will confirm your PA analysis but it is too late=lagging and will distract). I highlighted the impulses in black on your chart if you combine it with your setup there you have your missing indi. Perhaps this last missing indi is your brain/experience spotting these moves.
Thankyou GURU ...
Profit Regards
Erynade
Re: Trading Pullbacks System
Posted: Wed Oct 12, 2022 7:40 am
by Jon
Nice impulse move on GU
Re: Trading Pullbacks System
Posted: Wed Oct 12, 2022 8:11 am
by Meyney
Jon wrote: Wed Oct 12, 2022 7:40 am
Nice impulse move on GU
which timeframe? chart?
Re: Trading Pullbacks System
Posted: Wed Oct 12, 2022 3:22 pm
by Jon
Meyney wrote: Wed Oct 12, 2022 8:11 am
which timeframe? chart?
I was looking at GBPUSD, M5 at the time. It was a very late move. Some experienced traders may have got in on the retest after that initial move
I take it back
Maybe not such a good move after all
Re: Trading Pullbacks System
Posted: Fri Oct 14, 2022 5:27 am
by Meyney
Jon wrote: Wed Oct 12, 2022 3:22 pm
I was looking at GBPUSD, M5 at the time. It was a very late move. Some experienced traders may have got in on the retest after that initial move
I take it back
Maybe not such a good move after all
2022-10-12 05_14_59-GBPUSD,M5.png
Some traders will take a shot long at the 50% retrace of this huge up candle,sometimes it will work. But concept here is: impulse is many pips in short time, retrace will take longer, like ABC in Elliott Wave theory. Anyway zoomed out this impulse started the move up so well spotted.