Re: Trading Pullbacks System

#681
Meyney wrote:
Tue May 11, 2021 12:26 am
yes this is always on every instrument: wait for the move first and join the direction with a proper entry after retrace/chop
ok thanks i will include this into my rules, im trying to be even more selective


Re: Trading Pullbacks System

#684
Meyney wrote:
Tue May 11, 2021 12:26 am
yes this is always on every instrument: wait for the move first and join the direction with a proper entry after retrace/chop
Looks like GBPJPY is consolidating. I'm looking forward to seeing it blast to the upside :think:

1H Chart seems quiet during this session
GBPJPYH1_consolidating.png

Daily chart is making higher highs
GBPJPYD1_uptrend.png
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Re: Trading Pullbacks System

#685
ChuChu Rocket wrote:
Wed May 12, 2021 9:08 pm
Looks like GBPJPY is consolidating. I'm looking forward to seeing it blast to the upside :think:

1H Chart seems quiet during this session
GBPJPYH1_consolidating.png

for a long my suggestion is: wait for the zone to be broken . See how the SD is aligned with 154 level. See post 669
GBPJPYH112-5-21.png


Re: Trading Pullbacks System

#689
GY 1M already a few pullbacks=entries at the higher 1H SD @154. Watch the pushes and retraces here on 1M it is very clear. let's see how/if price will bounce on the previous SD zone, perhaps switch to another timeframe to get a proper entry.
GBPJPYM112-5-21.png

Re: Trading Pullbacks System

#690
Not bad for an hours work...


The advantage of using a few MA lines......it makes us trade direction and sit idle if there is none visible.
Some traders only trade the 34 MA and wait for an at least 45 Degree angle. Well, obviously, the steeper the better for a successful pullback trade.


US30
US30.JPG


DE30
DE30.JPG


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