Re: Trading Pullbacks System

951
matt.denx wrote: Sat Oct 16, 2021 1:13 am What is the meaning of black dot in the RSI indicator below?

Also, any tips how and when to set up the trendline properly to avoid untimely trendline placement that leads to false breakout?
The rsi was just an example in the first post because the guys here love indicators. RSI AO Stoch all usefull it depends what you like most. Perhaps absorb more charts/examples here-in this thread to understand. Trendlines: when broken determine if the candle has solid momentum, and is market structure in the same direction etc. etc.
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Re: Trading Pullbacks System

952
Meyney wrote: Sun Oct 17, 2021 5:13 am The rsi was just an example in the first post because the guys here love indicators. RSI AO Stoch all usefull it depends what you like most. Perhaps absorb more charts/examples here-in this thread to understand. Trendlines: when broken determine if the candle has solid momentum, and is market structure in the same direction etc. etc.
I borrowed this chart just to mark (arrows) a few entries where price shows solid momentum/strenght. retraces into the move up/sd zones market strucuture confluence. One of the examples how to filter trendlines entries. Be selective right. If enough interest we can work a little bit more on this.
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