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First Pullback Strategy: Simple And Powerful

  • #41
  • Mar 8, 2018 2:11pm Mar 8, 2018 2:11pm
Quoting Stonyheart
Nice job tronner !
Thanks!! And thanks for sharing your work and ideas, too.
  • #42
  • Mar 8, 2018 3:36pm Mar 8, 2018 3:36pm
Very similar to what I’m doing!
Thanks for sharing,
k
  • #43
  • Mar 8, 2018 6:21pm Mar 8, 2018 6:21pm
Wouldn't it be less risky for those trading this strat if you lot actually wait for a close below the breakout low for SELL and close above the breakout high for BUY? To reduce your chances of a fake out? of course they could still occur but at least you would've reduced the frequency

My lil contribution, cheers!
Read in between the price!!!
  • #44
  • Mar 8, 2018 8:41pm Mar 8, 2018 8:41pm
Do you set a pending order on the breakout, or do you watch it then market order? Do you consider momentum of the breakout of the previous high/low?
  • #45
  • Mar 9, 2018 1:31am Mar 9, 2018 1:31am
Quoting tronner
{quote} Here you are {file}
I am curious about the meaning of the Stochastics in this strategy. Can you explain please. Personally, my opinion is "less is more" concerning the amount of indicators. The more you use, the more confusing
Keep it simple without too many crappy indicators!
  • #46
  • Mar 9, 2018 5:25am Mar 9, 2018 5:25am
Quoting luvene
{quote}I am curious about the meaning of the Stochastics in this strategy. Can you explain please. Personally, my opinion is "less is more" concerning the amount of indicators. The more you use, the more confusing
Hi luvene
It is a personal option. I like the stochastic.
Each trader is different and my advice to you (if you allow me) is that you create your charts according to your personality as a trader. I do not want to confuse you.
The strategy of this thread does not use Stochastic or other indicators also always put on my charts (significant levels, tick value, etc ..)
My charts are clean for me. Maybe, for you they have too many indicators but that is not a problem because you will not use them.
  • #47
  • Mar 9, 2018 5:46am Mar 9, 2018 5:46am
Quoting tronner
{quote} Hi luvene It is a personal option. I like the stochastic. Each trader is different and my advice to you (if you allow me) is that you create your charts according to your personality as a trader. I do not want to confuse you. The strategy of this thread does not use Stochastic or other indicators also always put on my charts (significant levels, tick value, etc ..) My charts are clean for me. Maybe, for you they have too many indicators but that is not a problem because you will not use them.
Keep it simple without too many crappy indicators!
  • #48
  • Mar 9, 2018 12:27pm Mar 9, 2018 12:27pm
Quoting calebfx
Wouldn't it be less risky for those trading this strat if you lot actually wait for a close below the breakout low for SELL and close above the breakout high for BUY? To reduce your chances of a fake out? of course they could still occur but at least you would've reduced the frequency My lil contribution, cheers!
yes that's what I recommend a candle close
  • #49
  • Mar 9, 2018 12:30pm Mar 9, 2018 12:30pm
EURUSD m15 last signal:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD m15 (03-09-2018 1928).png Size: 47 KB


StopLoss on EMA200, i think the euro will continue to descend soon
  • #50
  • Mar 9, 2018 7:42pm Mar 9, 2018 7:42pm
Quoting Stonyheart
EURUSD m15 last signal: {image} StopLoss on EMA200, i think the euro will continue to descend soon
wondering why you take entry on that price?
you should put entry on next lowest candle right?
  • #51
  • Mar 9, 2018 9:18pm Mar 9, 2018 9:18pm
think it was like this after first pullback, not sure why the trade wasn't entered earlier...see chart
Attached Image (click to enlarge)
Click to Enlarge Name: running total.jpg Size: 41 KB
  • #52
  • Mar 9, 2018 10:47pm Mar 9, 2018 10:47pm
Quoting Shaplan
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. {file} {file}
thanks for sharing your indi Shaplan.. would you mind giving a bit of explanation using it
  • #53
  • Mar 10, 2018 3:49am Mar 10, 2018 3:49am
Quoting cfudge
think it was like this after first pullback, not sure why the trade wasn't entered earlier...see chart {image}
No Wait a close under lowest
  • #54
  • Mar 12, 2018 12:10am Mar 12, 2018 12:10am
was this method only works when ema 50 & 200 cross each other then wait for the reverse ? or i am missing something for signal?
  • #55
  • Edited 4:02am Mar 12, 2018 3:19am | Edited 4:02am
Open GBPUSD - To help others >> this entry is not correct. See posts 56, 58 and 59
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 45 KB
  • #56
  • Mar 12, 2018 3:25am Mar 12, 2018 3:25am
Quoting tronner
Open GBPUSD {image}
Too late tronner, the correct entry point:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD m1 (03-12-2018 0924).png Size: 63 KB
  • #57
  • Mar 12, 2018 3:25am Mar 12, 2018 3:25am
Open USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 77 KB
  • #58
  • Mar 12, 2018 3:30am Mar 12, 2018 3:30am
Quoting Stonyheart
{quote} Too late tronner, the correct entry point: {image}
I saw a range. I understand, then, that although the price is in range, entry rules do not change, right? Thank you very much Stonyheart!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 66 KB
  • #59
  • Mar 12, 2018 3:40am Mar 12, 2018 3:40am
Quoting tronner
{quote} I saw a range. I understand, then, that although the price is in range, entry rules do not change, right? Thank you very much Stonyheart! {image}
Correct, a range, but rightly you must enter at the breakout of the range, which is my point of entry in my image. You cam in too late.

Frequently, in a range there is a last pullback before the break, where the price takes its strength.

USDJPY it's ok !

But tronner you are in the right track to succeed in this trading style.
  • #60
  • Mar 12, 2018 3:46am Mar 12, 2018 3:46am
Quoting Stonyheart
{quote} Correct, a range, but rightly you must enter at the breakout of the range, which is my point of entry in my image. You cam in too late. Frequently, in a range there is a last pullback before the break, where the price takes its strength. USDJPY it's ok ! But tronner you are in the right track to succeed in this trading style.
Thank you very much!!
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