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Trade Pullback

  • #1
  • First Post: Mar 11, 2018 4:33am Mar 11, 2018 4:33am
Hi there, I'm Chico.
Today I'm going to introduce a simple indicator to you.
The indicator generates two kinds of signals, arrows and histograms. ALL Signals don't repaint, disappear or be late.
The usage is simple too.
Blue histograms mean down trends and red histograms mean up trends.
A blue arrow is generated with a up trend, which indicates a perfect set up for going long and vice versa.
Enjoy your trades !

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It's weird I just can't upload screenshots... uploaded them via attachments...
  • #2
  • Mar 11, 2018 5:51am Mar 11, 2018 5:51am
Quoting 078186
Hi there, I'm Chico. Today I'm going to introduce a simple indicator to you. The indicator generates two kinds of signals, arrows and histograms. ALL Signals don't repaint, disappear or be late. The usage is simple too. Blue histograms mean down trends and red histograms mean up trends. A blue arrow is generated with a up trend, which indicates a perfect set up for going long and vice versa. Enjoy your trades ! {file} {image} {image} {image} {image} It's weird I just can't upload screenshots... uploaded them via attachments...
correction for Blue is up and red is down
  • #3
  • Mar 11, 2018 5:51am Mar 11, 2018 5:51am
Is this a type of MACD indicator?
  • #4
  • Mar 11, 2018 6:01am Mar 11, 2018 6:01am
thanks for the indicator
  • #5
  • Mar 11, 2018 6:48am Mar 11, 2018 6:48am
Quoting nveemjay
{quote} correction for Blue is up and red is down
OH sorry by mistake!
  • #6
  • Mar 11, 2018 7:02am Mar 11, 2018 7:02am
It looks like a good indicator for identifying trend, only question is how early does it catch the trend ? Have you backtested and how did it perform ?
  • #7
  • Mar 11, 2018 7:13am Mar 11, 2018 7:13am
Hi good luck, but i think if you try to trade MACD is not gona work, only if you try to spot bullish/berish divergences on it allsa hiden once!
  • #8
  • Mar 11, 2018 7:18am Mar 11, 2018 7:18am
Allsaw there i dont see any rules were to enter SL TP ......
  • #9
  • Mar 11, 2018 10:57am Mar 11, 2018 10:57am
Quoting breakingpips
It looks like a good indicator for identifying trend, only question is how early does it catch the trend ? Have you backtested and how did it perform ?
The trend is your friend until the bend at the end.Thhe reality is that trend traders tend to enter way to late and have to indure higher drawdowns in pips then those who don't follow the trend .
  • #10
  • Mar 11, 2018 11:25am Mar 11, 2018 11:25am
Quoting HabibiForex
{quote} The trend is your friend until the bend at the end.Thhe reality is that trend traders tend to enter way to late and have to indure higher drawdowns in pips then those who don't follow the trend .

I'm happy you keep thinking that. Actually, I'll agree its impossible to make money out of intra-day trend-following.

Meantime, I'll keep making money from long-term trend-following.

PS. I have no intentions of returning the money just because a lot of people its impossible to make money out of trend-following.
  • #11
  • Mar 11, 2018 11:49am Mar 11, 2018 11:49am
Quoting tomorton
{quote} I'm happy you keep thinking that. Actually, I'll agree its impossible to make money out of intra-day trend-following. Meantime, I'll keep making money from long-term trend-following. PS. I have no intentions of returning the money just because a lot of people its impossible to make money out of trend-following.
The beautiful thing about the internet is we can be anyone we want to be. As for you being a winner, it sure would be great to see proof of it but let me rub my crystal ball to see what your next response will be.

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  • #12
  • Mar 11, 2018 12:03pm Mar 11, 2018 12:03pm
Quoting tomorton
{quote} I'm happy you keep thinking that. Actually, I'll agree its impossible to make money out of intra-day trend-following. Meantime, I'll keep making money from long-term trend-following. PS. I have no intentions of returning the money just because a lot of people its impossible to make money out of trend-following.
You are not right, it is possible to make consistent profit intra-day.
Perfection is the enemy of good enough!
  • #13
  • Mar 11, 2018 12:59pm Mar 11, 2018 12:59pm
Quoting MichaelSch
{quote} You are not right, it is possible to make consistent profit intra-day.

You're right of course.

But its apparent from this forum and others that new traders mostly want to day-trade. And most new traders fail. The 90% yardstick comes up with great regularity.

So that means of course that 10% of new traders do make money so you can correctly claim you're right. But being 90% wrong isn't going to cut it in most fields.
  • #14
  • Mar 11, 2018 1:03pm Mar 11, 2018 1:03pm
Quoting HabibiForex
{quote} The beautiful thing about the internet is we can be anyone we want to be. As for you being a winner, it sure would be great to see proof of it but let me rub my crystal ball to see what your next response will be. {image}

I'm not showing you anything. I don't really mind if you believe me or not so showing proof wouldn't get me anywhere.

(That photo looks a bit like me. How did you do that?)

I never post what trades I'm in but happy to post the methodology so you can see what trades I will be in when their set-ups trigger. If I post mine for you, you must post yours.
  • #15
  • Mar 13, 2018 4:52am Mar 13, 2018 4:52am
that is MACD..
  • #16
  • Last Post: Mar 13, 2018 6:45am Mar 13, 2018 6:45am
Quoting unmaskedluke
that is MACD..
of-course, customised
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