First Pullback Strategy: Simple And Powerful | Forex Factory

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First Pullback Strategy: Simple And Powerful

  • #1
  • First Post: Edited Mar 17, 2018 11:08am Mar 6, 2018 3:40am | Edited Mar 17, 2018 11:08am
Hello, i will share you a simple and powerful strategy that work on all timeframe:

The concept of this strategy is that we are looking for a trend that has just reversed and we are looking for an optimum entry point. The entry point is the breakout of the highest/lowest after a pullback.

The pullback is materialized by a short moving average, we are waiting that the price close below the short moving average and we trade the breakout of the highest/lowest just after.

I trade with 50/200EMA but you can test other.

BUY SIGNAL:

EURUSD m15:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD m15 (03-06-2018 1025).png Size: 65 KB


SELL SIGNAL: the reverse of buy signal

Stoploss: last swing low/high or long moving average.

Take profit: r:r 1:1 or more. Or wait an opposite signal for take a big trend.

For french people: le forum bourse et trading francophone: http://www.finarom.com/
  • #2
  • Mar 6, 2018 5:00am Mar 6, 2018 5:00am
time frame
  • #3
  • Mar 6, 2018 5:44am Mar 6, 2018 5:44am
Thanks for sharing. It looks good
Subscribed!
  • #4
  • Mar 6, 2018 5:51am Mar 6, 2018 5:51am
Pity ... There is no closing under 50EMA


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 54 KB
  • #5
  • Mar 6, 2018 6:07am Mar 6, 2018 6:07am
Quoting Stonyheart
Hello, i will share you a simple and powerful strategy that work on all timeframe: The concept of this strategy is that we are looking for a trend that has just reversed and we are looking for an optimum entry point. The entry point is the breakout of the highest after a pullback. The pullback is materialized by a short moving average, we are waiting that the price close below the short moving average and we trade the breakout of the highest just after. I trade with 50/200EMA but you can test other. BUY SIGNAL: EURUSD m15: {image} SELL SIGNAL: the...
Stony Heart,

Thanks for the strategy. What stoploss would you suggest?

Thanks
  • #6
  • Mar 6, 2018 9:53am Mar 6, 2018 9:53am
Thanks for sharing
kindly give here selling exampe
  • #7
  • Mar 6, 2018 3:05pm Mar 6, 2018 3:05pm
Quoting tronner
Pity ... There is no closing under 50EMA {image}
Valid entry, good.
  • #8
  • Mar 6, 2018 3:06pm Mar 6, 2018 3:06pm
Quoting mohsin90
time frame
All
  • #9
  • Mar 6, 2018 3:08pm Mar 6, 2018 3:08pm
Quoting aaven
{quote} Stony Heart, Thanks for the strategy. What stoploss would you suggest? Thanks
Last swing low or high, or the long moving average (200 for me)
  • #10
  • Mar 6, 2018 3:26pm Mar 6, 2018 3:26pm
Although not complete, this is a very good system for anyone starting out at trading that needs a signal to enter a trade. Attached are some of the trades that "I" saw that could've been taken using this system.

For risk management rules one could set their SL at the 50 EMA or a couples of pips above/below it. And as for TP, you can target 1 - 3 R.
Attached Image (click to enlarge)
Click to Enlarge Name: 05dbEiS.png Size: 28 KB
Attached Images
  • #11
  • Mar 6, 2018 3:29pm Mar 6, 2018 3:29pm
In this CHFUSD chart, is an example of chop. Reducing the EMA values can help, but IMO these EMA setting work just fine.
Attached Image (click to enlarge)
Click to Enlarge Name: Rc2BpA3.png Size: 26 KB
  • #12
  • Mar 6, 2018 3:36pm Mar 6, 2018 3:36pm
Quoting yungsteest
In this CHFUSD chart, is an example of chop. Reducing the EMA values can help, but IMO these EMA setting work just fine. {image}
It's not an entry point , we need the breakout of the lowest
  • #13
  • Mar 6, 2018 3:38pm Mar 6, 2018 3:38pm
Ah. My mistake. I see.
  • #14
  • Mar 6, 2018 3:48pm Mar 6, 2018 3:48pm
Quoting Stonyheart
{quote} Last swing low or high, or the long moving average (200 for me)
Thank you Stony Heart...
  • #15
  • Mar 6, 2018 4:28pm Mar 6, 2018 4:28pm
Hello how about applied for? Close or open?
Quoting Stonyheart
Hello, i will share you a simple and powerful strategy that work on all timeframe: The concept of this strategy is that we are looking for a trend that has just reversed and we are looking for an optimum entry point. The entry point is the breakout of the highest after a pullback. The pullback is materialized by a short moving average, we are waiting that the price close below the short moving average and we trade the breakout of the highest just after. I trade with 50/200EMA but you can test other. BUY SIGNAL: EURUSD m15: {image} SELL SIGNAL: the...
  • #16
  • Mar 6, 2018 11:58pm Mar 6, 2018 11:58pm
Quoting Stonyheart
Hello, i will share you a simple and powerful strategy that work on all timeframe: The concept of this strategy is that we are looking for a trend that has just reversed and we are looking for an optimum entry point. The entry point is the breakout of the highest after a pullback. The pullback is materialized by a short moving average, we are waiting that the price close below the short moving average and we trade the breakout of the highest just after. I trade with 50/200EMA but you can test other. BUY SIGNAL: EURUSD m15: {image} SELL SIGNAL: the...
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
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #17
  • Mar 7, 2018 12:07am Mar 7, 2018 12:07am
Quoting yungsteest
Although not complete, this is a very good system for anyone starting out at trading that needs a signal to enter a trade. Attached are some of the trades that "I" saw that could've been taken using this system. For risk management rules one could set their SL at the 50 EMA or a couples of pips above/below it. And as for TP, you can target 1 - 3 R. {image} {image} {image}
isn't the rule is to enter after the cross of 50/200 Ema? you are entering prematurely and usdchf is incorrect IMO.
it will be good if someone backtests at least 50-100 examples to confirm this entry technique.
  • #18
  • Mar 7, 2018 12:14am Mar 7, 2018 12:14am
It 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.

KP
Do your homework, follow the footprints of smart money
  • #19
  • Mar 7, 2018 12:18am Mar 7, 2018 12:18am
let me help the group with this to make ur trade a clean one, if using 15 min then use the daily meter, if using the 1hr chart then use the weekly meter. i got these indi from a friend.and are very powerful and exceptional.
Attached File(s)
File Type: ex4 iCybo_DAY_V1.03.ex4   20 KB | 2,020 downloads
File Type: ex4 iCybo_WK1_V1.03m.ex4   20 KB | 1,707 downloads
  • #20
  • Mar 7, 2018 12:33am Mar 7, 2018 12:33am
Quoting ayokidy
Hello how about applied for? Close or open? {quote}
Close
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