LikeRe: Trading Pullbacks System

#692
claytonbj88 wrote:
Thu May 13, 2021 11:30 pm
Currently waiting on EUR/JPY
gud job practising on demo first............... when u feel ready start micro account at 0.01 lots and get feel of real trading sir................ u gonna do well :thumbup: :thumbup: :thumbup:
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Re: Trading Pullbacks System

#693
thanks moey im no where near ready yet im still learning, ive taken alot of loses over these past 2 days, and im just going back over my lost trades all i can do is practice,practice,practice lol

Re: Trading Pullbacks System

#695
claytonbj88 wrote:
Fri May 14, 2021 12:48 am
thanks moey im no where near ready yet im still learning, ive taken alot of loses over these past 2 days, and im just going back over my lost trades all i can do is practice,practice,practice lol
You can share your 'failed' charts here perhaps you will get some help from others, but be careful do not switch from indicator to indicator. Your latest eurjpy chart suddenly shows a so called 'semafor'. This is a simple/default zigzag indicator with various settings, useful but only when you understand what it is doing...chart added for you not bad with the MA's and SD zones
EURJPY_AskM513-5-21.png


Re: Trading Pullbacks System

#696
Meyney wrote:
Fri May 14, 2021 5:59 am
You can share your 'failed' charts here perhaps you will get some help from others, but be careful do not switch from indicator to indicator. Your latest eurjpy chart suddenly shows a so called 'semafor'. This is a simple/default zigzag indicator with various settings, useful but only when you understand what it is doing...chart added for you not bad with the MA's and SD zones
Thanks Meyney, i have used the Semafor before i was trying out other indicators to see if i could improve what i have, but you are correct price is king. sure i will post my bad trades tomorrow hopefully i can get some advice on how to improve for next time.

Re: Trading Pullbacks System

#697
ok so here is a trade that hit my stop loss, EURCAD 1M TF, MA's crossed and price is below, so i placed a big trend line, price broke that trend line, so i waited for a pullback, placing a second trend-line, once price broke that second trend line thats where i got in 3 candles late but was still expecting price to continue to the downside, witch then price shot up going the opposite direction hitting SL
Image
photo5832481913871382252.jpg

Re: Trading Pullbacks System

#698
As Meyney said, we have to notice the price action. In the picture you sent, I will not SELL , because you see that the price has made a higher high.
photo5832481913871382252.jpg


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