Hi Fc
See my comments in your message.
NEVER!!!!! LOL.
See my comments in your message.
Dislikedi don't know if this has been talked about or not and if answer is yes, then i apologize.........
No need to aplologize - this is a free system/site. LOLhttp://www.forexfactory.com/images/icons/icon10.gif
if i were to enter on pullbacks when the price is going in the same direction of the primary trend, i would be able to have more opportunities per day, right ?
Yes, correct. That is why I started last month looking at Phillip's 4h MACD system and rules. Now I am trying to trade in the direction of the 4h MACD rules.
plus, entering on pullbacks only in the primary trend would be safer ?
Yes, it is also a safer approach. Example:
Let say we do have a primary downtrend. Sometimes the 21MA just came out of the non-trade zone crossing the 0.1 line (in the opposite direction of the primary trend), showing us a great setup and you enter long. The prioce goes immediately back into the non-trade zone, go through it and crosses the -0.1 line (exit on the other side in the direction of the primary trend). That was then just the usual pullback (upwards) before continuing in the direction of the primary trend.
That is why I was previously careful with the first pullback into the zone. But if that first pullback is in the direction of the primary trend, I think you can feel a lot more safer.
You shouldn't have entered if you know the primary trend was down.
That is why I started looking at the 4hMACD rules lately as well as possible divergence on 15min charts.
especially if the daily, 3/4 hourly, 1 hourly is in sync with the main trend ?
or am i crazy and spouting nonsense again ?:Ignored
Willem
Forex recipe for success = Patience, discipline & hard work.