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Re: Trading Pullbacks System
Posted: Wed Nov 09, 2022 7:19 am
by Jon
50 simple moving average works quite well, only buying opportunities above the moving average
Meyney's template utilises MA for this reason
Re: Trading Pullbacks System
Posted: Wed Nov 16, 2022 4:43 am
by Meyney
nice example how Dow could not (for now) break the SD zone. Careful at these levels notice this big 3400 number!!!
For the hindsight police; first chart was posted at another thread
Re: Trading Pullbacks System
Posted: Wed Nov 16, 2022 6:59 am
by Jon
I made a mistake today; I got the entry correct but my TP wasn't hit. I missed it by a few pips.
I've re-evaluated my setup and learned to just let it go, At the end of the day i preserved my capital
Tomorrow is another day:)
Plenty of opportunities around the corner
Re: Trading Pullbacks System
Posted: Wed Nov 16, 2022 8:11 am
by Meyney
Jon wrote: Wed Nov 16, 2022 6:59 am
I made a mistake today; I got the entry correct but my TP wasn't hit. I missed it by a few pips.
I've re-evaluated my setup and learned to just let it go, At the end of the day i preserved my capital
Tomorrow is another day:)
Plenty of opportunities around the corner
it seems your entry is right and R:R is ok TP not hit?
Re: Trading Pullbacks System
Posted: Wed Nov 16, 2022 8:31 am
by Jon
Meyney wrote: Wed Nov 16, 2022 8:11 am
it seems your entry is right and R:R is ok TP not hit?
Just missed it, I was happy with the setup I just didn't get the cherry on top haha
Re: Trading Pullbacks System
Posted: Fri Nov 18, 2022 4:40 am
by Jon
USD/JPY 1 hr chart, Price looked like it was struggling to go lower, entered on the trendline break and TP at the top there.
What do you think of these types of setups M? Should i have waited for break of structure and entered on the next wave?
Hope all is well
Re: Trading Pullbacks System
Posted: Fri Nov 18, 2022 6:05 am
by Meyney
Jon wrote: Fri Nov 18, 2022 4:40 am
USD/JPY 1 hr chart, Price looked like it was struggling to go lower, entered on the trendline break and TP at the top there.
What do you think of these types of setups M? Should i have waited for break of structure and entered on the next wave?
Hope all is well
nice sd zones Jon, of course it depends on the timeframe you want to trade,for now it seems there is no uptrend on 1H(previous high SD not broken and certainly not by a decent impulse up. And zoomed out we see this: 2 big impulses down.
Re: Trading Pullbacks System
Posted: Fri Nov 18, 2022 6:41 am
by Meyney
Original template is still solid and no need to change this.
Re: Trading Pullbacks System
Posted: Fri Nov 18, 2022 7:24 am
by Jon
Meyney wrote: Fri Nov 18, 2022 6:05 am
nice sd zones Jon, of course it depends on the timeframe you want to trade,for now it seems there is no uptrend on 1H(previous high SD not broken and certainly not by a decent impulse up. And zoomed out we see this: 2 big impulses down.
Thanks:)
It's a pattern I've noticed that happens quite a lot once the trend has run out of steam, yes i agree until the previous high has been broken one would assume a downtrend is still in play. Note to self, must remember to zoom out!
Re: Trading Pullbacks System
Posted: Tue Nov 29, 2022 8:11 pm
by Meyney
euraud strong res/sd 1H (pink zone). and zigzagging down. impulse many pips in short time, retrace less pips in longer time.