D1 Elasticity Pullback Trading | Page 12 | 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

  • #221
  • Edited 10:32am Jan 16, 2020 9:32am | Edited 10:32am
Quoting jmag
Was long aud/usd from above bullish bar on Jan. 9 a legit entry? It had V pattern and divergence on D1 and H4. My entry was actually some pips above where I drew it here. #3 bar was inside bar. {image}
I wouldnt take that entry. Too risky. The Big bull candle took much of the momentum and travel way Up to a significant resistance. Also the swing low is too close to the last one for a decent Hid div
Trade what you see
  • #222
  • Jan 16, 2020 9:45am Jan 16, 2020 9:45am
Quoting ghbdr
{quote} I wouldnt take that entry. Too risky. The Big bull candle took much of the momentum and travel way Up to a significant resistance. Also the swing low is too close yo the last one for a decent Hid div

I would say also that the last bearish impulse was the same lenght of the bullish one, so this isn't a simple pullback forming an higher low for bullish traders: For me it's reversing to the downside and right now has formed a LH with D1 elasticity
  • #223
  • Jan 16, 2020 10:00am Jan 16, 2020 10:00am
Quoting MrGreen95
{quote} I would say also that the last bearish impulse was the same lenght of the bullish one, so this isn't a simple pullback forming an higher low for bullish traders: For me it's reversing to the downside and right now has formed a LH with D1 elasticity

@jmag and others For let you understand what i'm talking about and my view, i have to post this naked chart (H4)

Check D1 and you will see D1 bearish elasticity + H4 divergence

P.S in the image i mean "another dem. zone" sorry
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.PNG Size: 34 KB
  • #224
  • Jan 16, 2020 10:32am Jan 16, 2020 10:32am
Quoting MrGreen95
{quote} I would say also that the last bearish impulse was the same lenght of the bullish one, so this isn't a simple pullback forming an higher low for bullish traders: For me it's reversing to the downside and right now has formed a LH with D1 elasticity
Exactly
Trade what you see
  • #225
  • Jan 16, 2020 11:35am Jan 16, 2020 11:35am
EURCAD
Will probably finish today forming a bearish setup.
Reverse (or hidden as many prefer to call it) divergence on D1, with elasticity.
But a major support is not very far...
  • #226
  • Jan 16, 2020 11:38am Jan 16, 2020 11:38am
Quoting MrGreen95
{quote} @jmag and others For let you understand what i'm talking about and my view, i have to post this naked chart (H4) Check D1 and you will see D1 bearish elasticity + H4 divergence P.S in the image i mean "another dem. zone" sorry {image}
Thanks MrGreen with the explanation. Its important yo watch the elasticity if It developes clearly its a good alert for closing bad trades and you can exit on breakeven. Of course understanding the pullback and been able to visualize the start of a new trend is needed too
Trade what you see
  • #227
  • Jan 16, 2020 11:38am Jan 16, 2020 11:38am
Quoting FxMachina
EURCAD Will probably finish today forming a bearish setup. Reverse (or hidden as many prefer to call it) divergence on D1, with elasticity. But a major support is not very far...

EUR/CAD W1
Attached Image
  • #228
  • Jan 16, 2020 11:41am Jan 16, 2020 11:41am
Quoting ghbdr
{quote} Thanks MrGreen with the explanation. Its important yo watch the elasticity if It developes clearly its a good alert for closing bad trades and you can exit on breakeven. Of course understanding the pullback and been able to visualize the start of a new trend is needed too

You' re welcome Ghbdr. I think " a little bit of all " is needed for avoid bad trades. We need to contextualize the signal and looking to the big picture
  • #229
  • Jan 16, 2020 12:36pm Jan 16, 2020 12:36pm
This is an alternative to stop losses friends, I personally find it very effective..may be you like it!
Attached File(s)
File Type: pdf The Recovery System1.pdf   61 KB | 956 downloads
“Stops don’t limit profits — they prevent disasters.”
  • #230
  • Jan 16, 2020 12:40pm Jan 16, 2020 12:40pm
Being aware of the Swap is important in my opinion..
Attached File(s)
File Type: ex4 _swap_info_ind.ex4   7 KB | 526 downloads
“Stops don’t limit profits — they prevent disasters.”
  • #231
  • Jan 16, 2020 1:11pm Jan 16, 2020 1:11pm
Quoting Dagaco
This is an alternative to stop losses friends, I personally find it very effective..may be you like it! {image}
Its similar to grid trading. You have to work the mindset for that if market goes against you. Thanks for sharing
Trade what you see
  • #232
  • Jan 16, 2020 1:18pm Jan 16, 2020 1:18pm
Quoting ghbdr
{quote} Its similar to grid trading. You have to work the mindset for that if market goes against you. Thanks for sharing
Yes it is..., when using this approach is important to trade small.
“Stops don’t limit profits — they prevent disasters.”
  • #233
  • Jan 16, 2020 2:18pm Jan 16, 2020 2:18pm
Markets is making more trade opportunities. Some more possible trades

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 61 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 50 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 47 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 4.png Size: 50 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 51 KB
Trade what you see
  • #234
  • Jan 16, 2020 7:25pm Jan 16, 2020 7:25pm
Check cadchf V shape is in coming, please tell me if I am wrong
  • #235
  • Jan 17, 2020 2:16am Jan 17, 2020 2:16am
Quoting Jos3ph
Check cadchf V shape is in coming, please tell me if I am wrong
On D1 the V shape is completed but no trade according to the rules. Only a regular div but not a trend trade
Trade what you see
  • #236
  • Jan 17, 2020 2:34am Jan 17, 2020 2:34am
Quoting MrGreen95
{quote} I would say also that the last bearish impulse was the same lenght of the bullish one, so this isn't a simple pullback forming an higher low for bullish traders: For me it's reversing to the downside and right now has formed a LH with D1 elasticity
One thing to pay attention to on this particular trade is the W1 stoch position. When W1 is in OB zone and D1 is down under or near OS zone you have elasticity too. So expect a bull impulse due to W1 stoch pulling D1 back up. Monthly stoch at the same time is going up too and forcing W1 to stay in OB region
Trade what you see
  • #237
  • Jan 17, 2020 2:46am Jan 17, 2020 2:46am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 53 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 48 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 46 KB


For the weekly to move down we need the D1 to cycle again to the OB region and when both align probably we will see the start of a weekly down movement
Trade what you see
  • #238
  • Jan 17, 2020 3:53am Jan 17, 2020 3:53am
Quoting ghbdr
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: {file} {file} {file} Elasticity: https://www.forexfactory.com/showthread.php?t=13321...
Hello, I'm testing this strategy and is very good, I did 5 trades this week, all winners, do you record j your accuracy percentage?
  • #239
  • Jan 17, 2020 3:57am Jan 17, 2020 3:57am
Quoting ghbdr
{image} {image} {image} For the weekly to move down we need the D1 to cycle again to the OB region and when both align probably we will see the start of a weekly down movement

Okay thank you. So basically now price will push down a little bit testing supply zone and in the long term you see it bullish. I think it depends also how markets will react from news, anything can happen
  • #240
  • Jan 17, 2020 4:12am Jan 17, 2020 4:12am
Quoting MrGreen95
{quote} Okay thank you. So basically now price will push down a little bit testing supply zone and in the long term you see it bullish. I think it depends also how markets will react from news, anything can happen
From my experience on such high timeframes stochs always lead the way no matter the news. I check important news but the reality is that the only events that can affect in such high TF are bombings or wars. You only need to watch price and stochs and you will be fine
Trade what you see
4 traders viewing now