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First Pullback Strategy: Simple And Powerful

  • #61
  • Mar 12, 2018 3:11am Mar 12, 2018 3:11am
this should be a failed breakout right? i entered at close.
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  • #62
  • Mar 12, 2018 5:05am Mar 12, 2018 5:05am
Quoting CrocodileRex
this should be a failed breakout right? i entered at close. {image}
I think this is where the long would be. Perhaps, Stonyheart could help us out here. I'm interested in seeing some more examples.
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  • #63
  • Mar 12, 2018 5:08am Mar 12, 2018 5:08am
Don't forget, not every possibility will end in a winning trade.
Keep it simple without too many crappy indicators!
  • #64
  • Mar 12, 2018 1:40pm Mar 12, 2018 1:40pm
Quoting CrocodileRex
this should be a failed breakout right? i entered at close. {image}
Yes, 100% winning system no exist
  • #65
  • Mar 13, 2018 2:20am Mar 13, 2018 2:20am
Reading the entire thread for the second time and still trying to understand something. Where is the correct entry? Break of the next high/low, right?
  • #66
  • Mar 17, 2018 3:56am Mar 17, 2018 3:56am
Quoting delivite
Reading the entire thread for the second time and still trying to understand something. Where is the correct entry? Break of the next high/low, right?
Break of the first high/low after the cross:

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  • #67
  • Mar 18, 2018 7:28pm Mar 18, 2018 7:28pm
thanks for sharing this great trading idea.
for entry rule, I think the safest way is waiting until candle close & break the line. use the trailing stop to secure your trading.
for the stop-loss rule, EMA 200 or yesterday lowest/highest is enough.

anyone using this strategy with the real account or demo account, can you share your trading result? I plan to make EA from this strategy.
I'm news & breakout EA developer
  • #68
  • Mar 19, 2018 3:33am Mar 19, 2018 3:33am
thanks for sharing ; cable is running
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donīt follow me,you will loose your moneyy
  • #69
  • Mar 21, 2018 2:01am Mar 21, 2018 2:01am
GBP AUD 50 pips
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donīt follow me,you will loose your moneyy
  • #70
  • Mar 21, 2018 2:03am Mar 21, 2018 2:03am
Yes, good example. However, I do not continue with this strategy. In my opinion it's gambling trading.
Keep it simple without too many crappy indicators!
  • #71
  • Apr 15, 2018 1:11am Apr 15, 2018 1:11am
Quoting luvene
Watch 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,...
Isn't this looked nice after the fact. Can show live chart as your trade/s.
  • #72
  • Apr 15, 2018 9:34am Apr 15, 2018 9:34am
Trading with two moving averages is good to spot momentum, if you not able to see it so, but keep using it in context of the market structure.

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For intraday i wait in M30 for a candle pattern like engulfing (often we have hit a pivot from this day or past day, S&R) and have a hint that i have in lower timeframe M1 a range (fast and slow MA crossing each other several times). Now i wait for the mark up or decline (slow and fast MA getting in good position up or down parallel).
Perfection is the enemy of good enough!
  • #73
  • Apr 15, 2018 11:39am Apr 15, 2018 11:39am
nice strategy
  • #74
  • Apr 15, 2018 3:02pm Apr 15, 2018 3:02pm
Quoting Stonyheart
{quote} No Wait a close under lowest
You mean the circle at the bottom?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #75
  • Apr 15, 2018 3:05pm Apr 15, 2018 3:05pm
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/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: {image}...
Great thanks for sharing with us. I wish you and everyone here success. I will do a lot to backcheck old price charts
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #76
  • Jul 26, 2019 8:38am Jul 26, 2019 8:38am
i suggest traders to study and learn abot BTMM strategy and join telegram channel AJK BTMM,and there are other BTMM groups as well.

there is a curriculum of trading in one of the sites by steve mauro,highly informative,all traders must take that curriculum,it is as or more important than baby pips.
  • #77
  • Aug 12, 2019 11:18am Aug 12, 2019 11:18am
Trading on D1 waiting for signal since a couple of day
  • #78
  • Aug 12, 2019 1:39pm Aug 12, 2019 1:39pm
Be careful what you are suggesting so that you don't get sanctioned by FF.

KP

Quoting T4Trade
i suggest traders to study and learn abot BTMM strategy and join telegram channel AJK BTMM,and there are other BTMM groups as well. there is a curriculum of trading in one of the sites by steve mauro,highly informative,all traders must take that curriculum,it is as or more important than baby pips.
Do your homework, follow the footprints of smart money
  • #80
  • Oct 10, 2019 6:12am Oct 10, 2019 6:12am
All these charts show that the better risk/reward is to take the trade AT the pullback to the first moving average tap.
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