Re: Trading Pullbacks System
972I think I'm not understanding the yellow arrows. Every time I sell this thing goes higher. I need more indicators. Also I'm Lysdexic.
Re: Trading Pullbacks System
973indeed very strange your shorts are not succesful. Maybe zoom in more?Nbats7979 wrote: Sat Oct 30, 2021 4:22 am I think I'm not understanding the yellow arrows. Every time I sell this thing goes higher. I need more indicators. Also I'm Lysdexic.
Re: Trading Pullbacks System
974I think zoom and increase leverage. Make very specific short-term highly leveraged bets and hope for the best. I live in a van. Full disclosure.Meyney wrote: Sat Oct 30, 2021 5:09 am indeed very strange your shorts are not succesful. Maybe zoom in more?
][/url]
Re: Trading Pullbacks System
976Hello Meyney,
Please can you share here you trendline indicator ?
I'm sure it will help many of us.
Thanks !
Please can you share here you trendline indicator ?
I'm sure it will help many of us.
Thanks !
Re: Trading Pullbacks System
977This strategy is great and follows a similar concept than mine.
But i use Gann Hi Lo or also called SSL as an entry trigger for ranging or strong counter movements as an entry trigger. If it was an immediate pullback, i used RSI candles on setting 2 as an entry. When then market is oversold i bought and vice versa
I just tried it out of curiosity and passed FTMO with it. Never risked more than 0,5% per trade. After 3 losses i quit for that day. Took a pair that is trending, volatile and has a reasonable spread. Of course it is important to look out for tops and bottoms. I always took the first pullback since the chances are the highest. The later you enter the higher is the chance that it will form a Top/Bottom and reverse.
But i use Gann Hi Lo or also called SSL as an entry trigger for ranging or strong counter movements as an entry trigger. If it was an immediate pullback, i used RSI candles on setting 2 as an entry. When then market is oversold i bought and vice versa
I just tried it out of curiosity and passed FTMO with it. Never risked more than 0,5% per trade. After 3 losses i quit for that day. Took a pair that is trending, volatile and has a reasonable spread. Of course it is important to look out for tops and bottoms. I always took the first pullback since the chances are the highest. The later you enter the higher is the chance that it will form a Top/Bottom and reverse.
Re: Trading Pullbacks System
978Sorry man,
I thought you were using an indicator to draw the black trend lines.
I thought you were using an indicator to draw the black trend lines.
Re: Trading Pullbacks System
979No problem LC. I do use an indi because I like the trendline break alerts on HTF's. This is a paid/commercial version so not allowed to link here in public. You can use stochastics or Bill Williams AO histo for the peaks and valley's to draw the trendlines, examples are in this thread.LittleCaro wrote: Thu Nov 04, 2021 7:02 pm Sorry man,
I thought you were using an indicator to draw the black trend lines.
hope this helps best M.
Who is online
Users browsing this forum: Paddygir and 86 guests