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(binned per thread starter's request) Easy pullback strategy

  • #101
  • Dec 20, 2018 9:37pm Dec 20, 2018 9:37pm
Hi, anybody watch ECHF, looks good to me
Price retraced to last broken structure. confluence with Fibo 61.8 and Stoch under 20.
I will go long, but wait for bullish candle as confirmation for going long

has anybody realized that sometimes the rule for Fibo retracement and Stoch OB or OS will resulted in Divergence? which will give us more confidence to take the trade.
  • #102
  • Dec 21, 2018 3:20am Dec 21, 2018 3:20am
Quoting phoenix777
Hi, anybody watch ECHF, looks good to me Price retraced to last broken structure. confluence with Fibo 61.8 and Stoch under 20. I will go long, but wait for bullish candle as confirmation for going long has anybody realized that sometimes the rule for Fibo retracement and Stoch OB or OS will resulted in Divergence? which will give us more confidence to take the trade.
EURCHF ? difficult to say what the trend is now.. we just had a downtrend.. and are we now in a retrace ? or is there a trendreversal and are we beginning a uptrend?
Attached Image (click to enlarge)
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  • #103
  • Dec 21, 2018 3:25am Dec 21, 2018 3:25am
Quoting ebeckers
{quote} EURCHF ? difficult to say what the trend is now.. we just had a downtrend.. and are we now in a retrace ? or is there a trendreversal and are we beginning a uptrend? {image}
yeah, it's more like a beginning of uptrend, since it failed making lower low (broken triangle), instead broke last lower high, now retrace to that broken resistance,
Am i too quick to conclude this change? i don't know, hahaha.
  • #104
  • Dec 21, 2018 4:46am Dec 21, 2018 4:46am
Quoting phoenix777
{quote} yeah, it's more like a beginning of uptrend, since it failed making lower low (broken triangle), instead broke last lower high, now retrace to that broken resistance, Am i too quick to conclude this change? i don't know, hahaha.
Its a bit more aggresive.. i'll wait a bit long until we are sure trend reversed
  • #105
  • Dec 21, 2018 4:54am Dec 21, 2018 4:54am
EUR/GBP might be setting up
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  • #106
  • Dec 21, 2018 5:22am Dec 21, 2018 5:22am
Quoting ebeckers
EUR/GBP might be setting up {image}
Got my eye on this one too. Hopefully it will reach oversold on Monday/Tuesday.

The three orders I've placed with this method so far have reached BE.

ETA: I'm going by the 4hr chart.
  • #107
  • Dec 21, 2018 5:59am Dec 21, 2018 5:59am
Quoting ebeckers
EUR/GBP might be setting up {image}
I got doughtful to take this trade at 4H chart, if i've taken it, it would be at BE now.

AUDCHF, AUDUSD, GBPJPY and USDCAD all at target!
  • #108
  • Dec 21, 2018 6:33am Dec 21, 2018 6:33am
Quoting ebeckers
EUR/GBP might be setting up {image}
I would wait a bit.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20181221-093203.jpg Size: 665 KB
  • #109
  • Dec 21, 2018 6:44am Dec 21, 2018 6:44am
Quoting WDaouFx
{quote} I would wait a bit. {image}
ah.. a lower high.. thx buddy!
BTW are you trading the 4H or 1H ?
  • #110
  • Dec 21, 2018 6:51am Dec 21, 2018 6:51am
Quoting ebeckers
{quote} ah.. a lower high.. thx buddy! BTW are you trading the 4H or 1H ?
I trade both ! lol
But ALWAYS look ate HH and HL from a higher tf, so in case im trading 1h i take a look at 4h, if i trade 4h i look at daily !

It is pretty simple always look for trending markets, and if it is hard to see it draw the highs and lows, with time you eyes get used to it...

Trading should be simple.
  • #111
  • Dec 21, 2018 7:04am Dec 21, 2018 7:04am
Hi All, I have been following this thread for some time and wish to make a contribution. As you know a part of the entry requirements is to check the 100 EMA on the next higher timeframe. To make it easier I have modified "MTF MovingAverage" to include "NextHigherAuto". Simply select NextHigherAuto=true when placing on the current chart and the next higher timeframe MA will be displayed on that chart. You don't need a separate MA for each timeframe, it will switch automatically for that timeframe.

Enjoy and Merry Christmas!
Attached File(s)
File Type: mq4 MTF MovingAverage.mq4   8 KB | 458 downloads

Fulla
  • #112
  • Dec 21, 2018 7:28am Dec 21, 2018 7:28am
Quoting ebeckers
EUR/GBP might be setting up {image}

Can you plz upload colorful fibo indicator ?
  • #113
  • Dec 21, 2018 8:06am Dec 21, 2018 8:06am
Quoting Mehr5
{quote} Can you plz upload colorful fibo indicator ?
Sorry i'm trading on tradingview.com , not on MT4
the color fib you see is from tradingview
  • #114
  • Dec 21, 2018 9:02am Dec 21, 2018 9:02am
Quoting ebeckers
{quote} Sorry i'm trading on tradingview.com , not on MT4 the color fib you see is from tradingview
Its ok bro
  • #115
  • Dec 26, 2018 5:56am Dec 26, 2018 5:56am
Would this be a good one ?
https://www.tradingview.com/x/eLHdJjNI/
  • #116
  • Dec 26, 2018 6:34am Dec 26, 2018 6:34am
Quoting ebeckers
Would this be a good one ? https://www.tradingview.com/x/eLHdJjNI/
i would wait for the 4h pullback
Attached Image (click to enlarge)
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  • #117
  • Dec 27, 2018 4:28am Dec 27, 2018 4:28am
Placed a sell on WTI. Price also breached a minor support level so I'll see how this one plays out. The lack of volume in the markets is a slight concern though.
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 Admiral Markets.png Size: 24 KB
  • #118
  • Dec 27, 2018 5:57am Dec 27, 2018 5:57am
Quoting plymgary
Placed a sell on WTI. Price also breached a minor support level so I'll see how this one plays out. The lack of volume in the markets is a slight concern though. {image}
i'm concerned about your sl placement
  • #119
  • Dec 27, 2018 12:12pm Dec 27, 2018 12:12pm
Been backtesting this plus also waiting for a set up, EUR/USD set up on 61.8 where I had first entry and second entry was on retest of 50%, 100 pips so far. Will keep testing Attachment g
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  • #120
  • Dec 27, 2018 12:21pm Dec 27, 2018 12:21pm
Quoting leweg1
Been backtesting this plus also waiting for a set up, EUR/USD set up on 61.8 where I had first entry and second entry was on retest of 50%, 100 pips so far. Will keep testing 3142901 {image}
There was no entry according to the rules ,,100 ema are not agree on Daily time frame..
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