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

  • #161
  • Jan 2, 2019 11:27pm Jan 2, 2019 11:27pm
Quoting WDaouFx
Checked out the markets and ill stay out till monday! some crazy moves today....be carefull everyone! cheers
Yessir!.

Closed for business....until Monday.

Have a great weekend all.
  • #162
  • Jan 3, 2019 4:36am Jan 3, 2019 4:36am
Quoting 00PIP
{quote} I took this one as well. Thanks for sharing your system btw {image}
thx for the feedback!
  • #163
  • Jan 3, 2019 5:10am Jan 3, 2019 5:10am
EURCHF looks beautiful, BUT it tapped the daily support before making this setup, Ill pass this one.
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  • #164
  • Jan 3, 2019 6:30am Jan 3, 2019 6:30am
Have you ever thought about:

Buy
Price is above the 100EMA on all three time-frames.
Buy on price touching the 100EMA low.
1:3 minimum R/R.
B/E @ 50% of S/L.

Sell
Price is below the 100EMA on all three time-frames.
Sell on price touching the 100EMA high.
1:3 minimum R/R.
B/E @ 50% of S/L.

I'm trying this out now. Just wondered if you'd considered it yourself?

ETA: Currently trying this on EURCAD
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  • #165
  • Jan 3, 2019 6:33am Jan 3, 2019 6:33am
Quoting krismitt
S&P 500 Not Trading this....just identifying the setup...? (Pls ignore the "Entry 2 on the Fibs" {image} Regards.
Am also having same chart. I am confused though. Do we trade set up on one timeframe e.g. on H1 only disregarding H4. I have been flipping time frames and am confused
  • #166
  • Jan 3, 2019 6:55am Jan 3, 2019 6:55am
Quoting plymgary
Have you ever thought about: Buy Price is above the 100EMA on all three time-frames. Buy on price touching the 100EMA low. 1:3 minimum R/R. B/E @ 50% of S/L. Sell Price is below the 100EMA on all three time-frames. Sell on price touching the 100EMA high. 1:3 minimum R/R. B/E @ 50% of S/L. I'm trying this out now. Just wondered if you'd considered it yourself? ETA: Currently trying this on EURCAD {image}
Hey brother, EC didnt tap the 50/61fib eventhought the stoch was at oversold area....

check out my fib drawing.... Please note that it also broke the last swing
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  • #167
  • Jan 3, 2019 6:57am Jan 3, 2019 6:57am
Quoting chararu
{quote} Am also having same chart. I am confused though. Do we trade set up on one timeframe e.g. on H1 only disregarding H4. I have been flipping time frames and am confused
Hello, you can check the rules at the first page, cheers
  • #168
  • Jan 3, 2019 7:03am Jan 3, 2019 7:03am
Quoting WDaouFx
{quote} Hey brother, EC didnt tap the 50/61fib eventhought the stoch was at oversold area.... check out my fib drawing.... Please note that it also broke the last swing {image}
I think I've just started to make my own rules up.

Thanks again for sharing your system. I think I'm just adapting it to my style. I'll stop posting on here as it will confuse people who want to follow your strategy as it is.
  • #169
  • Jan 3, 2019 7:09am Jan 3, 2019 7:09am
Quoting plymgary
{quote} I think I've just started to make my own rules up. Thanks for sharing your system still. I think I'm just adapting it to my style. I'll stop posting on here as it will confuse people who want to follow your strategy as it is.
No problem for posting it here, if i dont agree ill tell you ! we can share knolegde,

you can follow the telegram group @saidmrn made. Cheers
  • #170
  • Jan 3, 2019 7:55am Jan 3, 2019 7:55am
CADCHF H4 - now in DD. Probably entered too early...because I saw hidden divergence...
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  • #171
  • Jan 3, 2019 8:10am Jan 3, 2019 8:10am
Check this one out, it was an invalid trade since, the stochastic got to the overbought region when the price didnt make a new low + it broke the previous hight, so it sinalyzed a reversal! PLUS price was above the 100 ema....so no trade here
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  • #172
  • Jan 3, 2019 8:15am Jan 3, 2019 8:15am
Quoting Loqito
CADCHF H4 - now in DD. Probably entered too early...because I saw hidden divergence... {image}
on 4H the stoch didnt cross over the 80 level....so as well no trade

About the divergence, for me it didnt show, what broker/stochs configuration are you using?
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  • #173
  • Jan 3, 2019 8:23am Jan 3, 2019 8:23am
Quoting WDaouFx
{quote} on 4H the stoch didnt cross over the 80 level....so as well no trade About the divergence, for me it didnt show, what broker/stochs configuration are you using? {image}
Thanks for your answer, I got my mistake. I use the same stoch settings as you (as I think) 20.3.3, low/high, simple. Broker Tickmill GMT +2.
  • #174
  • Jan 3, 2019 8:25am Jan 3, 2019 8:25am
Quoting Loqito
{quote} Thanks for your answer, I got my mistake. I use the same stoch settings as you (as I think) 20.3.3, low/high, simple. Broker Tickmill GMT +2.
it is close/close my friend.

Cheers
  • #175
  • Jan 3, 2019 8:31am Jan 3, 2019 8:31am
Quoting WDaouFx
{quote} it is close/close my friend. Cheers
I still have divergence and I see that our candles are different. No problem, thanks again. I have to re-read the rules now, I think you added some good points.
  • #176
  • Jan 3, 2019 8:43am Jan 3, 2019 8:43am
Quoting WDaouFx
{quote} on 4H the stoch didnt cross over the 80 level....so as well no trade About the divergence, for me it didnt show, what broker/stochs configuration are you using? {image}
Please, everyone should note that I DONT TAKE TRADES PASSED THE 61.8Fib, coz my last zone for SL is the 78.6Fib. If it passes the 61.8Fib i dont consider the trade anymore.
  • #177
  • Jan 3, 2019 10:13am Jan 3, 2019 10:13am
Quoting WDaouFx
{quote} Hello, you can check the rules at the first page, cheers
I have read first page and I know we have to check that price is above or below (if trading H1) EMA 100 on trading timeframe and a higher timeframe. My question regards trading the 50% or the 61.8% fib retracement. Could you confirm that if trading H1 and price is above the EMAs on both H1 and H4, I can take a trade solely based on the fib retracement based on H1 only. I do not know if I am clear
  • #178
  • Jan 3, 2019 10:45am Jan 3, 2019 10:45am
Quoting chararu
{quote} I have read first page and I know we have to check that price is above or below (if trading H1) EMA 100 on trading timeframe and a higher timeframe. My question regards trading the 50% or the 61.8% fib retracement. Could you confirm that if trading H1 and price is above the EMAs on both H1 and H4, I can take a trade solely based on the fib retracement based on H1 only. I do not know if I am clear
If both tfs are over the emas, stoch is oversold and the lines touching + fib zones yes ! thats the setup
  • #179
  • Jan 3, 2019 10:47am Jan 3, 2019 10:47am
Quoting WDaouFx
{quote} If both tfs are over the emas, stoch is oversold and the lines touching + fib zones yes ! thats the setup
Thanks got it. I was focusing on the stochastics on both tfs instead of the trading time frame . Thanks again. Will demo this as well as manually back test
  • #180
  • Jan 3, 2019 10:57am Jan 3, 2019 10:57am
Quoting chararu
{quote} Thanks got it. I was focusing on the stochastics on both tfs instead of the trading time frame . Thanks again. Will demo this as well as manually back test
You re welcome, focus on current timeframe
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