SadRe: Trading Pullbacks System

1573
sal wrote: Tue Oct 18, 2022 12:25 am m5 bar @ m1 chart ema rainbow
easy to see the trend direction
Not sure what you are trying to say. The fibo on your chart seems to be without a proper theory : plotting 100 and 0 at wicks or at the body at random, MA's not as I suggested here. I figured out your chart it was eurusd 5M I think, lot's of work but anyway see my chart with my ma's and fibo. Notice the fast/fierce impulse up to 100, decent slowly retrace at least 61.8, often ABC into SD zone (not plotted on this chart).
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Re: Trading Pullbacks System

1574
Meyney
thanks for your suggestion and observation.
first i used m1 chart and mtf bar 5 tf
second i plot fib rsi extreme
third i use a big reversal bar m5 which cross fib breakout of 3 levels ..
fourth i focus up trend based on ema lines which is going to happen in future..

may be the above idea not always perfect. :razz:
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Re: Trading Pullbacks System

1576
sal wrote: Fri Oct 21, 2022 2:29 am Dear meyney
i did a small ema period upto 10 for trading binary..
i did SR lines towards the ema periods trend and arrow mark the entry positions.
please share your suggestion.
My suggestion is to zoom out especially on 1m charts. Like you are driving a car with your nose on the windshield(if you are zoomed in too much): only focused on the bumper of the next car/vihicle in front and less idea of traffic (general overview to anticipate).
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Re: Trading Pullbacks System

1580
Just an example of a trade i took today on EUR/USD, 1 hour chart

Because of the big move up i anticipated price going higher

Nice impulse move up, Correction, Downside rejection, Trend line break.

I put a pending buy order a few pips above the bullish bar which pierced the trendline
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