Re: Trading Pullbacks System

#1061
gy clearly down from Frankfurt/London open, trade the pullbacks, add positions or re enter. show/plot the entries please I did the beginning. If zoomed out....see the SD zones? draw it by hand. 1M rocks you will get many opportunities and you do not have to babysit the whole day. Do not mess with multiple timeframes, every TF has own cycle. If you want to play MTF's trade them apart on your account you will be amazed and you will be hedged in many trades/cases. etc.
GBPJPYM110-01-22.png


Re: Trading Pullbacks System

#1062
ok ok zero replies but this is how I plot lines etc. As you can see we have a reversal pattern at the low, we wait for the conformation= check for yourself.
best M.
GBPJPYM110-01-2211-1-22.jpg

Re: Trading Pullbacks System

#1063
How do we clarify the difference between a legitimate pullback and a shallow retracement? Does it need to be x amount of bars? Does it need to reach a certain MA? Retest previous support or resistance?

Sometimes getting in too early and price continues to pull back further. Wider stops may be needed but that could also hurt the RR?

Can we use price action for entries? For example, a pin bar followed by engulfing candlestick for the continuation of a trend?

Re: Trading Pullbacks System

#1064
whiteadrian23 wrote:
Thu Jan 13, 2022 10:14 pm
How do we clarify the difference between a legitimate pullback and a shallow retracement? Does it need to be x amount of bars? Does it need to reach a certain MA? Retest previous support or resistance?

impulse is most of the time big move in a short time, classic retrace is often choppy requires more time (like ABC pattern=corrective) does not have to reach a MA but if price bounces from an earlier SD zone the is a good place

Sometimes getting in too early and price continues to pull back further. Wider stops may be needed but that could also hurt the RR?
yes sometimes this happens, but I do not place a SL there, because PA can grab the SL easily; we have to be sure the PA will reverse, not a stophunt

Can we use price action for entries? For example, a pin bar followed by engulfing candlestick for the continuation of a trend?
yes look for momentum; if TL is broken by a weak candle be careful, better wait for a candle with strenght (nice fat green or red one), entry will be a little bit later perhaps.

best M.




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