D1 Elasticity Pullback Trading | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, Gold/USD

Similar Threads

fxrabbiM15Bomb: PA Around Breakout & Pullback Trading 35 replies

free MT4 EA - Stochastics Pullback Trend Trading Strategy 0 replies

TPT - Trend pullback trading 49 replies

MTF Trend-Pullback Trading 90 replies

Moving Average Elasticity 35 replies

Attachments: D1 Elasticity Pullback Trading
Exit Attachments

D1 Elasticity Pullback Trading

  • #1
  • First Post: Edited Feb 21, 2024 1:39am Jan 10, 2020 6:12am | Edited Feb 21, 2024 1:39am
I've been trading Forex for 5 years. 2 years of blowing accounts like every newbie and the last 3 using my own system based on fractals, stoch elasticity hunting pullbacks on trend on D1 charts. Now I make a living out of it with a nice income and 50% growth monthly on average. Pictures talk by itselfs. For elasticity check this threads. Huge thanks to Spudfyre and boxingslife for their contribution and inspiration. Stoch elasticity is the core of my trading approach.

Template and indicators needed:

Attached File(s)
File Type: mq4 Stochastic_NoLastBar.mq4   4 KB | 6,059 downloads
Attached File(s)
File Type: mq4 jrcMOD_Fractals.mq4   5 KB | 5,377 downloads
Attached File(s)
File Type: tpl Stoch elasticity.tpl   3 KB | 5,164 downloads


Elasticity:

https://www.forexfactory.com/showthread.php?t=13321
https://www.forexfactory.com/showthread.php?t=37111
https://www.forexfactory.com/showthread.php?t=36708
https://www.forexfactory.com/showthread.php?t=22105
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 124 KB
Click to Enlarge Name: 2.jpg Size: 125 KB
Click to Enlarge Name: 3.jpg Size: 119 KB
Click to Enlarge Name: 4.jpg Size: 123 KB
Click to Enlarge Name: 5.jpg Size: 118 KB
Click to Enlarge Name: 6.jpg Size: 118 KB
Attached File(s)
File Type: pdf FRACTAL ELASTICITY SYSTEM.pdf   2.3 MB | 5,919 downloads | Uploaded Jan 13, 2023 1:30pm
Trade what you see
  • #2
  • Jan 10, 2020 6:27am Jan 10, 2020 6:27am
Exit rules:

Attached Image (click to enlarge)
Click to Enlarge Name: 7.png Size: 71 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 8.png Size: 72 KB
Trade what you see
  • #3
  • Jan 10, 2020 6:44am Jan 10, 2020 6:44am
Great idea, love to see more
  • #4
  • Jan 10, 2020 7:03am Jan 10, 2020 7:03am
I dont trade H4 but if you need to tight your stops and reduce risk go to H4 and find a better entry. See pictures

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 43 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 46 KB
Trade what you see
  • #5
  • Jan 10, 2020 7:13am Jan 10, 2020 7:13am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 43 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 45 KB
Trade what you see
  • #6
  • Jan 10, 2020 7:13am Jan 10, 2020 7:13am
Following
Early bird gets the worm
  • #7
  • Jan 10, 2020 7:25am Jan 10, 2020 7:25am
THE FRACTAL RULE

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 38 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 39 KB
Trade what you see
  • #8
  • Jan 10, 2020 7:43am Jan 10, 2020 7:43am
Thanks gbdhr

Do you have an actual chart to make your explanation.
  • #9
  • Jan 10, 2020 7:57am Jan 10, 2020 7:57am
USDCAD right now. A major swing low has broken. So break and retest setup plus hidden divergence and elasticity. If third candle closes and confirms v formation I will place A SELL STOP order

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 59 KB
Trade what you see
  • #10
  • Jan 10, 2020 8:03am Jan 10, 2020 8:03am
Quoting ghbdr
USDCAD right now. A major swing low has broken. So break and retest setup plus hidden divergence and elasticity. If third candle closes and confirms v formation I will place A SELL STOP order {image}
Thanks, I got it.
Do you use two different settings on the fractals indi?
  • #11
  • Jan 10, 2020 8:05am Jan 10, 2020 8:05am
Same stuff. On this one if a sell is triggered you need to be not so greedy on taking profits because of the regular divergence on the double floor so maybe we will be able to squeeze the last down movement before a new HL is formed. Anyway trade what you see. For now we have a hidden div with elasticity so a down move is expected but probably a small one

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 59 KB
Trade what you see
  • #12
  • Jan 10, 2020 8:08am Jan 10, 2020 8:08am
Quoting kofix11
{quote} Thanks, I got it. Do you use two different settings on the fractals indi?

yes. Period 8 and 25
Trade what you see
  • #13
  • Jan 10, 2020 8:13am Jan 10, 2020 8:13am
EURUSD

Long setup developing. If the HL holds and a V formation completes will place a buy order but we will see next week


Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 57 KB
Trade what you see
  • #14
  • Jan 10, 2020 8:13am Jan 10, 2020 8:13am
Quoting ghbdr
{quote} yes. Period 8 and 25
Thanks! How can you achieve that high income? Do you trade only positive swaps and high leverage with small stops?
  • #15
  • Jan 10, 2020 8:17am Jan 10, 2020 8:17am
Quoting kofix11
{quote} Thanks! How can you achieve that high income? Do you trade only positive swaps and high leverage with small stops?

Swap is no problem for me on D1. I make few trades a month but high quality ones.I trade with a widther stop so my winner ratio is high. Account size is important. My lot size is also high. I hold the drawdwn cause I know most are winners. Trading with trend on D1 with price action confirmation is very safe plus elasticity support
Trade what you see
  • #16
  • Edited 10:20am Jan 10, 2020 9:48am | Edited 10:20am
ghbdr,

thanks for sharing your trading method.
Can you give us more details on how you 'count' the candles? After a bit of analysis of screenshots that you posted, I'm still not sure when you start counting the candles. I understand that the 3rd candle should be closed in the trade direction, but how do you decide what is the 1st candle in the formation?
  • #17
  • Edited 11:04am Jan 10, 2020 10:25am | Edited 11:04am
Quoting bopuc
ghbdr, thanks for sharing your trading method. Can you give us more details on how you 'count' the candles? After a bit of analysis of screenshots that you posted, I'm still not sure when you start counting the candles. I understand that the 3rd candle should be closed in the trade direction, but how do you decide what is the 1st candle in the formation?
The candle count is based on the following:

for a call (higer low) candle 1 must have higher low than candle 2, candle 3 should have a higher low than candle 2 also. So candle 2 must have a lower low than candles 1 and 3. candle three is needed to close bullish. For a sell the opposite. When a V formation is completed but price breaks the high of candle 2 for a call or the high of candle 2 for a sell. The formation is invalid and you start look for new formation and count like the example on picture with number on blue.

Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 33 KB
Trade what you see
  • #18
  • Jan 10, 2020 10:30am Jan 10, 2020 10:30am
Of course the example with blue numbers is only for show you how to reset the count. In this case is not valid because there is no elasticity on stochs
Trade what you see
  • #19
  • Jan 10, 2020 10:34am Jan 10, 2020 10:34am
More example of bad trades you should avoid. The fractal rule is important

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 45 KB
Trade what you see
  • #20
  • Jan 10, 2020 10:57am Jan 10, 2020 10:57am
THE FRACTAL RULE INSIDE BAR EXCEPTION

FOR BUY

When candle 3 close bearish for a call you wait if this candle is an inside bar. wait for candle 4. If this candle is bullsih at its close we put a buy stop order on its high.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 31 KB


FOR SELL

When candle 3 close bullish for a put you wait if this candle is an inside bar. wait for candle 4. If this candle 4 is bearish at its close we put a sell stop order on its high.

Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 32 KB
Trade what you see
1 trader viewing now