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Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 9:35 pm
by RplusT
One of those perfect Pullback trading days.....
But it was only me who pulled back
I know...Swingtraders day.....not for me.
Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 9:49 pm
by josi
RplusT wrote: Thu Apr 22, 2021 9:35 pm
One of those perfect Pullback trading days.....
But it was only me who pulled back
I know...Swingtraders day.....not for me.
More scalping day on Dow (up to now).
On M15 it started again and again from EMA36 (EMA9 on H1) while momentum slowly faded - so there were - if you were really bound to trade Dow - minute opportunities.
EURGBP - of course - would have been much easier (but then you seem to need your challenges).
Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 9:50 pm
by Meyney
[quote=RplusT post_id=1295433679 time=1619091325 user_id=4866937]
One of those perfect Pullback trading days.....
But it was only me who pulled back
I know...Swingtraders day.....not for me.
yup nothing we can do about that...perhaps NY open will give a proper move...
Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 9:52 pm
by Meyney
seems price is stuck between the two levels
Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 9:56 pm
by josi
Meyney wrote: Thu Apr 22, 2021 9:52 pm
seems price is stuck between the two levels
sort of W-formation, I'd say.
On D1 it can't get beyond 34157; was rejected once but retested quickly, at the moment it still looks decidedly upward bound (despite the fact that there were 3 lower highs on H1). At least this is my opinion.
update: US open and down it went - free fallin' like.
Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 10:16 pm
by Meyney
josi wrote: Thu Apr 22, 2021 9:56 pm
sort of W-formation, I'd say.
On D1 it can't get beyond 34157; was rejected once but retested quickly, at the moment it still looks decidedly upward bound (despite the fact that there were 3 lower highs on H1). At least this is my opinion.
yes just let's see and act accordingly with the setups
Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 10:17 pm
by Meyney
took this short with 150 as magnet
Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 11:08 pm
by claytonbj88
should i be getting out once the demand starts to form?
Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 11:18 pm
by moey_dw
claytonbj88 wrote: Thu Apr 22, 2021 11:08 pm
should i be getting out once the demand starts to form?
a good question.......... oftentimes wonder this too & cause me 2 close few good pullback trades too early when they appear
Re: Trading Pullbacks System
Posted: Thu Apr 22, 2021 11:21 pm
by Meyney
claytonbj88 wrote: Thu Apr 22, 2021 11:08 pm
should i be getting out once the demand starts to form?
You can take some, but no idea what your sl was when you entered; R:R? You have to consider this; Target and SL. Watch how prive will develop