D1 Elasticity Pullback Trading

Quoting ghbdr

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Waiting setup for gold. as you can see elasticity develops on D1 while H4 stoch is making HL so indicates price will reverse sooon. I'll wait for my V shape on D1 while looking for uptrend signs on H4 for confirmation {image} {image}

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Quoting Jazz1964

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Thank you GHBDR for your generosity by sharing this promising system. I did 2019 backtest on several pairs (trending and flat) and that sure looks good! I just wonder if you have a validation 'standard' for the elasticity, when is it big enough to take the trade? I can imagine that during real-time trading doubt about that specific element arises. I hope I didn't miss a post where you talked about this I wish you success with trading and this interesting thread.

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Quoting Gleam

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{quote} And one more... {image}

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Quoting ghbdr

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{quote} The greater elasticity the better but the most important thing is to confirm on H4 signs of divergence or LH for a sell, HL for a buy. In the first picture the best elasticity are the green boxes but take a look at the pink box {image} There is a slight elasticity. On the next picture in H4 you spot a divergence confirmed by the V shape formation on both green and pink cases {image} A sell is confirmed on H4 so you go back to D1 and place your stop sell orders under the 3rd candle V shape formation at its close. Sit, relax and grab some...

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Quoting ghbdr

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{quote} Dont be greedy with that kind of trade when Weekly V shape formation is completed as is the case. Expect an up movement before breaking the last LL and plan your profit taking based on that fact {image}

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Quoting MrGreen95

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H4 - E/J Short (the black line is the fast stoch). Decision taked watching D1/H4 and other things, not using this trading approach. But it looks like there is "elasticity" between stochs on D1 and also divergence on H4 {image}

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Quoting jmag

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Question about money management; you said you trade with no more than 10% total exposure. How does this translate to individual trade risk? About how many pairs per total have an open trade? Thanks

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Quoting kingsfort

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GBP/USD V formation reversal is coming.

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Quoting MrGreen95

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{quote} Traded it on H4 {image} D1 overview: {image}

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Quoting ghbdr

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{quote} Please I would appreciate if you post images per rules of the strategy and with stochs on it. On your trade no HH is made only HL so is not a valid trade according to the rules. If you trade other style please be free to open your own thread

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