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-   -   Momentum with pullback (https://www.forexfactory.com/showthread.php?t=890591)

HeyYou Mar 1, 2019 4:07pm | Post# 1

Momentum with pullback
 
Soo we are going to get rich with this system!
you know +200, plus this plus that hahahah; jk

It's actually an experiment. it's impossible to backtest it in the long term hence there is some "guess" involved, BUT I know that the market tends to trend and this gives me a bit of confidence or "faith" if you wish.

Today 3 words, tomorrow the explanation...cu

matthew89 Mar 1, 2019 4:09pm | Post# 2

I look forward to looking at your system in more detail mate...subscribed.

welzord Mar 1, 2019 4:18pm | Post# 3

Subscribed to see this

HeyYou Mar 2, 2019 3:20am | Post# 4

1 Attachment(s)
thanks for your interest guys.

Well as it's 100% manual it needs constant market watch.

I'll do my best because it really looks promising but personally I can dedicate no more than 2 hours a day, reason why I create this thread: let's cooperate by giving calls

so let's move to the explanation...

Momentum with pullback

Click to Enlarge

Name: MOM.jpg
Size: 139 KB

I'm not very good with MS Paint + the screen resolution is low, sorry about that. Only thing to add is the volume of ticks. we want to enter only if price moves fast also in the very short term.

to recapitulate:

-m15 timeframe
-wait for a breakout from the consolidation
-tick volume must be high
-look for a pullback IN the direction of the breakout


I'd say the ideal RR is 1:1-1:1.5 and a SL / TP of 20-30 pips.

That's it.. I think there's nothing else to add. Live calls will remove any doubt indeed but the concept should be clear enough.


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