Re: Trading Pullbacks System

#591
moey_dw wrote:
Fri Apr 23, 2021 4:46 pm
MEYNEY MAN

will u be trade this heads & shoulders pattern on AUDUSD??? or gonna go long instead??
4H is clearly up as the template shows. So for a short you have to switch to a lower tf for a decent short setup.


Re: Trading Pullbacks System

#592
Meyney wrote:
Fri Apr 23, 2021 4:52 pm
4H is clearly up as the template shows. So for a short you have to switch to a lower tf for a decent short setup.
H4: It is - in a manner of speaking - but if you draw a trendline touching the last highs you find that there is a series of lower highs.
(One could even venture to say that the last lower low took out the lower low before it - just about.
That's one reason why I don't think this really is an SHS-formation - which doesn't mean it won't go down.
But it could also break out to the upside.
Time will tell.)

Re: Trading Pullbacks System

#593
To be clear: for a short we want first a clear impulse down, followed by a retrace, then we enter after trendline break. For a long vice versa. This is what I am doing here.

Re: Trading Pullbacks System

#595
Have been quite erratic in trading GBPCAD.... The moves are largely out of proportion but still keeping the head clear gives opportunity to gather some pips...
Screenshot_2.png


Re: Trading Pullbacks System

#596
Mustafa wrote:
Fri Apr 23, 2021 9:32 pm
Have been quite erratic in trading GBPCAD.... The moves are largely out of proportion but still keeping the head clear gives opportunity to gather some pips...
yes........... agree GBPCAD is strange atm thx for post ur chart :clap: :clap: :clap:
Contribution Inspector & GIF Animator at your service👮

Re: Trading Pullbacks System

#599
notice wrote:
Sat Apr 24, 2021 12:55 am
EURJPY. Must learn to trailing. Not good
Thank you, sir ! I still learning.
Not sure what you mean, nice setup right? I will show you my chart for ey 15M
EURJPYM1523-4-21.png

Re: Trading Pullbacks System

#600
Meyney wrote:
Sat Apr 24, 2021 2:19 am
Not sure what you mean, nice setup right? I will show you my chart for ey 15M
in this sittuation meyney where woul u place your SL just below the trendline or at the previous LL?


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