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D1 Elasticity Pullback Trading

  • #301
  • Edited 5:18pm Jan 21, 2020 5:03pm | Edited 5:18pm
Quoting Mic_FX
CADCHF short, what you think? We have small elasticity, H4 LH, V shape
Looks good but I would wait the H4 stoch to come back to OB zone and see if it makes a div or LH and then decide on D1 depending on price action
Trade what you see
  • #302
  • Jan 21, 2020 5:35pm Jan 21, 2020 5:35pm
Ghndr, Do you see any upcoming trades for this week?
  • #303
  • Jan 21, 2020 8:12pm Jan 21, 2020 8:12pm
It's good opportunity to entry? Correct me if I am wrong

Learning and understanding May god bless you.
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  • #304
  • Jan 21, 2020 8:24pm Jan 21, 2020 8:24pm
Here another good entry trade? My entry trade may late because I want to play safe. Correct me if I am wrong?

Thank you for your time and valua, it's mean alot to me
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  • #305
  • Jan 22, 2020 2:17am Jan 22, 2020 2:17am
Quoting Jos3ph
It's good opportunity to entry? Correct me if I am wrong Learning and understanding May god bless you. {image} {image} {image}
I see it like a risky short. W1 stoch has made a classic div and making higher lows. D1 stoch its making higher lows too. The D1 pullback is not good for me. I like to see a decent pullback. With decent I mean price has travel a significant distance. On this case price didnt travel enough adn too many bullish sings. Also the bear signal candle completing the V formation has a big rejection wick indicating bull preasure. Not good
Trade what you see
  • #306
  • Jan 22, 2020 2:21am Jan 22, 2020 2:21am
Quoting Jos3ph
Here another good entry trade? My entry trade may late because I want to play safe. Correct me if I am wrong? Thank you for your time and valua, it's mean alot to me {image} {image} {image}
Not good trade. W1 elasticity alerts of bear signs. Even if you see a W1 hidden div. Its not. Price move down all the previous bull up movement revealing a lot of sellers in. I would wait for a short entry after D1 completes the bull cycle to start the down movement if it finally happens
Trade what you see
  • #307
  • Jan 22, 2020 7:16am Jan 22, 2020 7:16am
Quoting ghbdr
The most important rules: 1. HH (recent high) breakout for longs LL (recent low) breakout for shorts 2. D1 elasticty at logical support or resistance 3. H4 divergence or HL for long and LH for shorts 4. 3 candle V shape formation completed unless HH LL failure exceptions and inside bar exception 5. If all rules completed place stop buy/sell order 10 pips away at the close of the D1 signal candle Recent example on XTIUSD with divergence H4 and HH Failure exception {image} {image}
Thank you for the entry rules ghbdr, how about some exit rules and pse explain your thought processes to exit the trade in post#291.
  • #308
  • Edited 9:31am Jan 22, 2020 9:05am | Edited 9:31am
Quoting Praetor
{quote} Thank you for the entry rules ghbdr, how about some exit rules and pse explain your thought processes to exit the trade in post#291.
On that particular trade I took profit after last low was broken+ slow stoch entered on OS zone. You can project your TP at Next low or high or when any of both stoch reach extreme zone.You can trail your stop too on H4 on consecutive swings. I prefer to take profits on Next D1 high/low
Trade what you see
  • #309
  • Jan 22, 2020 9:15am Jan 22, 2020 9:15am
Quoting ghbdr
{quote} On that particular trade I took profit after last low was broken+ slow stoch entered on OS zone. You can project your TP at Next low or high or when any of both stoch reach extreme sobre. You can trail your stop too on H4 on consecutive swings. I prefer to do It on Next D1 high/low
Ok thanks appreciate the quick response.
  • #310
  • Jan 22, 2020 9:30am Jan 22, 2020 9:30am
ghbdr - do you think it's too late for CADCHF short tomorrow, should the outside bar hold, or should I have entered the previous candle? Or does the long candle stretch the stoploss too far? Thank you in advance.
  • #311
  • Jan 22, 2020 9:34am Jan 22, 2020 9:34am
Quoting Praetor
ghbdr - do you think it's too late for CADCHF short tomorrow, should the outside bar hold, or should I have entered the previous candle? Or does the long candle stretch the stoploss too far? Thank you in advance.
You should be in by now. You should place a sell stop after the bearish inside bar that completes The V formation. But I see enough room on W1 to enter on a market order right now
Trade what you see
  • #312
  • Jan 22, 2020 9:38am Jan 22, 2020 9:38am
The later the entry the bigger the Risk. Take It on consideration before taking the trade too
Trade what you see
  • #313
  • Jan 22, 2020 9:43am Jan 22, 2020 9:43am
Quoting Praetor
{quote} Thank you for the entry rules ghbdr, how about some exit rules and pse explain your thought processes to exit the trade in post#291.
Another exit option is trailing the stop under each consecutive D1 candle . Let me first finish the rules on PDF and I Will make other with exit options
Trade what you see
  • #314
  • Jan 22, 2020 10:05am Jan 22, 2020 10:05am
Ok I understand, thanks for your time and sharing your knowledge, I really appreciate it.
  • #315
  • Jan 22, 2020 3:40pm Jan 22, 2020 3:40pm
USDCHF H4 classic div D1 HH failure short setup

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Pay attention to the classic D1 divergence so dont expect a big profit
Trade what you see
  • #316
  • Jan 22, 2020 3:49pm Jan 22, 2020 3:49pm
EURJPY H4 classic div D1 elastic hidden div LL failure setup

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Trade what you see
  • #317
  • Edited 4:21pm Jan 22, 2020 4:10pm | Edited 4:21pm
Nice strategy!

Do you see a possible long entry in AUDNZD tomorrow as well?

Due to the 1D elasticity...and taking into account that tonight the AUD unemployment rate will be released.

Thank you!

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  • #318
  • Jan 22, 2020 5:28pm Jan 22, 2020 5:28pm
Quoting ancapreb
Nice strategy! Do you see a possible long entry in AUDNZD tomorrow as well? Due to the 1D elasticity...and taking into account that tonight the AUD unemployment rate will be released. Thank you! {image}

I know the question isn't for me but i will try to answer anyway.

I see all the requisites for a long entry, specially if tomorrow D1 candle will be bullish
  • #319
  • Jan 22, 2020 7:37pm Jan 22, 2020 7:37pm
USDCHF HH failure, my entry correct?

This strategy + experience you will get better and better entry and exit.
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  • #320
  • Jan 22, 2020 8:26pm Jan 22, 2020 8:26pm
USDMXN 4h chart. Great setup.
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