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Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
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DislikedIS THIS A POTENTAIL PUSH/PULL? Daily: EURUSD current price: 1.3513 Candles #1 and #2 complete, candle #3 pulling back now SMA 3 pulling away from SMA 10 Anticipate a test of the 1.3481 area, the closing price of candle #1 {image}Ignored
DislikedSo would these 4 candle on USDCAD daily be counted as Push / Pull? I don't think the context is right as they are hitting a weekly resistance level, but just wanted to check on the candles themselves. {image}Ignored
DislikedI do like the idea of this trading method, "but" entering on the hourly chart has a couple of glitches as; when looking at the daily chart we wait for momentum for a couple of bars and then when bar three goes the opposite direction and reaches the close of the first bar, we wait until it reverses and goes in the direction of momentum, we then move to the hourly chart and place our trade. Glitch 1; bar no.3 may not reach the close of bar one and we miss the trade. Glitch2 we may enter the trade as bar 3 reaches the close and then bar thee continues...Ignored