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
1582For the hindsight police; first chart was posted at another thread
Re: Trading Pullbacks System
1583I 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
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
1584it seems your entry is right and R:R is ok TP not hit?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
Re: Trading Pullbacks System
1586USD/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
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
1587nice 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.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
Re: Trading Pullbacks System
1589Thanks:)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.
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
1590euraud strong res/sd 1H (pink zone). and zigzagging down. impulse many pips in short time, retrace less pips in longer time.
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