Re: Trading Pullbacks System

267
coronado5000 wrote: Thu Mar 18, 2021 11:13 pm I've really have enjoyed following this thread, what a great system! For those who are trading this successfully, how are you determining where to set your stop loss and take profit targets on the lower time frame setups? Anyone scaling their entries/exits?
You could use ATR to set your stoploss. Or use one of the MA lines to set and trail your stoploss. Either method works fine.
These users thanked the author Lumios for the post:
Jimmy

Re: Trading Pullbacks System

268
gy 15M be careful guys do not jump the gun take only entries when you have confirmation =pullback and trendline break on a certain timeframe at your choice. At the important levels you can take countertrend trades but only when your lower timeframe chart is telling this ok.(reversal pattern, push/chop, retracing into the MA's with trendline break). As I said in post 1: BE SELECTIVE
Attachments

Re: Trading Pullbacks System

270
look at the 15M gy chart, see there is round number and SD and double top/M on 15M. save this info on 1M chart and wait for confirmation like this. You have to do some effort the human brain can spot this easily. EA no. By the way notice the second leg of this M is a head and shoulders on 1M...
Attachments


Who is online

Users browsing this forum: BillyIdol, Google [Bot], IBM oBot [Bot], knglerxst, Seznam [Bot], vzulaks and 48 guests