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Re: Trading Pullbacks System
Posted: Sat Apr 24, 2021 2:36 pm
by sal
Meyney
whats your opinion for the entry as below..
should i respect to breaks round number or the pullback breaks!!!
see snap
setup i draw for the pull back i believe is made is as per your method or not ??
Re: Trading Pullbacks System
Posted: Sun Apr 25, 2021 12:10 am
by Meyney
sal wrote: Sat Apr 24, 2021 2:36 pm
Meyney
whats your opinion for the entry as below..
should i respect to breaks round number or the pullback breaks!!!
see snap
setup i draw for the pull back i believe is made is as per your method or not ??
Right yes. Nice example; price bouncing for the second time on round nr. Watch the big green candle also. Like it when more signs align. My trendline is slightly different therefore entry earlier
Re: Trading Pullbacks System
Posted: Sun Apr 25, 2021 3:49 am
by Meyney
Meyney wrote: Sun Apr 25, 2021 12:10 am
Right yes. Nice example; price bouncing for the second time on round nr. Watch the big green candle also. Like it when more signs align. My trendline is slightly different therefore entry earlier
also watch this 1M chart zoomed out.
Re: Trading Pullbacks System
Posted: Sun Apr 25, 2021 1:42 pm
by Hewata
Just finished reading this threads.
The system and template looks very clean and easy to read.
On Monday, I will start watching and try it on EU and GJ.
Thank you Meyney and all for this wonderful setup.
Re: Trading Pullbacks System
Posted: Sun Apr 25, 2021 10:51 pm
by sal
i did an test with AO divergence breaksout method.. followed the trend direction of MA rainbow.
TF - H1 and above
SL - previous LL bar
EXIT - bar close above 20 ema
pips range : 100 to 300
needs to test in real H1 is the best and more pips !!
Re: Trading Pullbacks System
Posted: Sun Apr 25, 2021 11:11 pm
by josi
sal wrote: Sun Apr 25, 2021 10:51 pm
i did an test with AO divergence breaksout method.. followed the trend direction of MA rainbow.
TF - H1 and above
SL - previous LL bar
EXIT - bar close above 20 ema
pips range : 100 to 300
needs to test in real H1 is the best and more pips !!
It's pretty unclear to me - compared to meyney's TLs - which advantage your procedure offers.
I don't see any earlier entry.
Maybe you can explain what advantage your modification can offer.
Re: Trading Pullbacks System
Posted: Mon Apr 26, 2021 12:25 am
by notice
I tested With CCI. Note round numbers
Re: Trading Pullbacks System
Posted: Mon Apr 26, 2021 4:55 am
by Meyney
notice wrote: Mon Apr 26, 2021 12:25 am
I tested With CCI. Note round numbers
keep watching PA, most indicators will show the same, your trendlines are ok
Re: Trading Pullbacks System
Posted: Mon Apr 26, 2021 11:15 pm
by Meyney
AU 4H at previous SD/round nr. You can take some off here and trail etc.
Re: Trading Pullbacks System
Posted: Mon Apr 26, 2021 11:51 pm
by josi
Meyney wrote: Mon Apr 26, 2021 11:15 pm
AU 4H at previous SD/round nr. You can take some off here and trail etc.
Nice W-formation - but entry was a long time ago - 23-04-21
So you don't only hunt on M1...