Re: Trading Pullbacks System
Posted: Mon May 10, 2021 8:26 pm
GBP/NZD
im going short now.............. gbpjpy hit that major resistance area just under the 153.500 mark and price its just so far from the ma's IT HAS TO RETURN back to the ma's
Careful shorting gbpjpy because it is far away from the MA's, this is not a valid reason Moey. Right now at previous high April 6th. Wait first for a decent move down (perhaps on Lower timeframe and act accordingly) Just advise best M.moey_dw wrote: Mon May 10, 2021 8:48 pm im going short now.............. gbpjpy hit that major resistance area just under the 153.500 mark and price its just so far from the ma's IT HAS TO RETURN back to the ma's
ahhh i see kk........... good looking out thx for the pointer it is just so tempting!!!! well i will sit tight & wait for now............... thx for talking sense into meMeyney wrote: Mon May 10, 2021 9:11 pm Careful shorting gbpjpy because it is far away from the MA's, this is not a valid reason Moey. Right now at previous high April 6th. Wait first for a decent move down (perhaps on Lower timeframe and act accordingly) Just advise best M.
Hey moey. my tp was hit at 1.9400 on GBPNZD 5m TF, from what i can see its created a new HH and i think its trying to return to the round number 1.94500 witch is previous HH on 5/5/2021, and its created a new resistance at round number of 1.9400, i think its either going to create a pullback and continue creating a new HH or just continue to 1.94500moey_dw wrote: Mon May 10, 2021 8:48 pm im going short now.............. gbpjpy hit that major resistance area just under the 153.500 mark and price its just so far from the ma's IT HAS TO RETURN back to the ma's
bravo sir............... nice profit taking on that tradeclaytonbj88 wrote: Mon May 10, 2021 11:19 pm Hey moey. my tp was hit at 1.9400 on GBPNZD 5m TF, from what i can see its created a new HH and i think its trying to return to the round number 1.94500 witch is previous HH on 5/5/2021, and its created a new resistance at round number of 1.9400, i think its either going to create a pullback and continue creating a new HH or just continue to 1.94500
do all pairs behave in this order, impulse, chop, trendline break or dose it depend on the behaviour of each pair? i only ask because ive seen you mention this in this order a few times beforeMeyney wrote: Tue May 11, 2021 12:03 am this was a proper short on gy...impulse down, chop, trendline break
yes this is always on every instrument: wait for the move first and join the direction with a proper entry after retrace/chopclaytonbj88 wrote: Tue May 11, 2021 12:12 am do all pairs behave in this order, impulse, chop, trendline break or dose it depend on the behaviour of each pair? i only ask because ive seen you mention this in this order a few times before