Trading Pullbacks System

sal

Re: Trading Pullbacks System

1071 by sal

Today eurusd performingwell
down trend
i find new method with a simple 1 indicator price action based own stratgey . however for test, i combined ma pullbacks lines
this method no need any lines to draw

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"There is NO GOD higher than TRUTH" - Mahatma Gandhi

sal

Re: Trading Pullbacks System

1072 by sal

300 -points target reached. tdoay down as precited morning;
150 to 300 point are goals

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These users thanked the author sal for the post:: Meyney

"There is NO GOD higher than TRUTH" - Mahatma Gandhi

Re: Trading Pullbacks System

1073 by Meyney

euraud 15M. wait for their move first and enter on the retrace. these MA's will help you a little bit and yes you will miss a few entries be selective.

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Re: Trading Pullbacks System

1074 by Meyney

sal wrote: Wed Jan 26, 2022 11:50 pm 300 -points target reached. tdoay down as precited morning;
150 to 300 point are goals

yes direction is clear; only shorts on 1M

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These users thanked the author Meyney for the post:: sal

Re: Trading Pullbacks System

1075 by Meyney

Dow

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Re: Trading Pullbacks System

1076 by Meyney

DowII

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These users thanked the author Meyney for the post:: Tessa Rakt

Re: Trading Pullbacks System

1077 by Meyney

euraud 1M, just another day enough pips/entries. Zoom out and do not use indi's set to higher TF's or HTF zigzags; nice in hindsight but terrible in realtime trading. You can plot important info by hand like shown here; zero hindsight, zero repaint...

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Re: Trading Pullbacks System

1078 by Meyney

nice longs

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Re: Trading Pullbacks System

1079 by Meyney

Just wondering strange there is almost zero info here about solid money management. Have seen a post about a member demanding a leverage of 100. Why? do you need really a leverage 100? If your stop/MM is ok and you are serious 100 leverage is not needed. I have seen here daily profits statements of 15% or more...hmmm ask yourself: if daily profit is 15% what is your SL? Let's say risk reward is 2, if wrong you will lose 7.5% on your account. Assume your entries are wrong a few times...I hope you will have the nerves, most beginners do not have this and will blow up the account. If you are a beginner risk 0.5% or max. 1%. You can always add positions when right.
best M

These users thanked the author Meyney for the post (total 2):: sal, charli

RplusT

Re: Trading Pullbacks System

1080 by RplusT

Meyney wrote: Sat Jan 29, 2022 7:31 am Just wondering strange there is almost zero info here about solid money management. Have seen a post about a member demanding a leverage of 100. Why? do you need really a leverage 100? If your stop/MM is ok and you are serious 100 leverage is not needed. I have seen here daily profits statements of 15% or more...hmmm ask yourself: if daily profit is 15% what is your SL? Let's say risk reward is 2, if wrong you will lose 7.5% on your account. Assume your entries are wrong a few times...I hope you will have the nerves, most beginners do not have this and will blow up the account. If you are a beginner risk 0.5% or max. 1%. You can always add positions when right.
best M

Meyney, the reason why people are looking for leverage is, most of the traders haven't got sufficient funds and thus use leverage to place some decent trades. And this is also the very same reason why the majority of traders don't make it. If the trade or more than one goes against them, their account is gone. I don't pay attention to percentage profit statements because this also depends on the size of the funds one has got. If I have got a 1000 $ account and make 200 $, it's 20%. Looks impressive, but generally it just means I made some profit. Need to do that consistently.

These users thanked the author RplusT for the post:: Meyney

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