Disliked{quote} please correct me if i am wrong,the break of highest is the previous highest of PA before pullback and right after 50/200 EMA? you can call it 123 entry after break of 50/200 shown like in figure below {image}Ignored
Trading is this Simple? Finally Explained simple and clearly! 46 replies
Simple 3 EMA Pullback Strategy 37 replies
Powerful Pivot Point Trading Strategy 33 replies
Simple Pullback System 33 replies
breakout pullback strategy 0 replies
Disliked{quote} please correct me if i am wrong,the break of highest is the previous highest of PA before pullback and right after 50/200 EMA? you can call it 123 entry after break of 50/200 shown like in figure below {image}Ignored
DislikedIt is good that you recognize that any combination of MAs will do. Yet, if you would succeed on a consistent basis with this strategy, as with any other trading strategy, you should recognize the context of price action and in particular the significance of reaction zones, e.g S/R and pivot levels/zones. A pullback to a recent reaction zone or significant flip zone is likely to give very good trading result. Trade safe and prosper. KPIgnored
DislikedThe chart from Tronner on #post4 Is this a valid SELL signal Stony ? Thanks. {image}Ignored
DislikedWatch the image. I use Renko5 Bars. I use EMA50 (yellow) and EMA200 (aqua). Watch the purple vertical line. Time of crossing. Wait for the pull back and mark that lowest level. I did with the red line. Calculate the distance between the highest price level after the crossing and the red line. Set you Profit level just as far as you did with the Stoploss level, which is 47 pips. . Risk/Reward is 1:1. Of course you can set your own R/R levels, like 1:1.5 or whatever you like. This is an example (!) and you can use a normal timeframe too. However,...Ignored
DislikedThe chart from Tronner on #post4 Is this a valid SELL signal Stony ? Thanks. {image}Ignored
Disliked{quote} Yes valid entry, no system is perfect but you can filter with the trend on above timeframeIgnored
Disliked{quote} Can you post your indicators and template please. I like the look of your charts!Ignored