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D1 Elasticity Pullback Trading

  • #401
  • Jan 31, 2020 7:07am Jan 31, 2020 7:07am
Quoting SolidSnake-
Some trades. {image} {image} {image} {image}
The only valid trade per rules is the first one. Please attach only trades per rules
Trade what you see
  • #402
  • Jan 31, 2020 10:31am Jan 31, 2020 10:31am
I was lucky that my buy stop order on AUS200 didnt get filled. On Sp500 trade went against me. I should pay more attention to the gap acting as a resistance
Trade what you see
  • #403
  • Jan 31, 2020 11:14am Jan 31, 2020 11:14am
I extracted this from a book... I hope it helps someone.

Have a great day all.
Attached File(s)
File Type: pdf What are candlesticks-.pdf   81 KB | 650 downloads
“Stops don’t limit profits — they prevent disasters.”
  • #404
  • Jan 31, 2020 3:31pm Jan 31, 2020 3:31pm
Quoting piptalk
EURGPB Broke the previous low Pulled back to support Somewhat of a V and bearish engulfing candle Stochastic Elastic Probably not perfect setup,,, but jumped on it Any thoughts from the gallery? {image}
I was looking at that one too. Good eye
  • #405
  • Jan 31, 2020 3:33pm Jan 31, 2020 3:33pm
Quoting ghbdr
I was lucky that my buy stop order on AUS200 didnt get filled. On Sp500 trade went against me. I should pay more attention to the gap acting as a resistance
Win some, lose some.
  • #406
  • Feb 1, 2020 9:05pm Feb 1, 2020 9:05pm
Hi ghbdr.
Thank you for taking time sharing your approach with the rest of us. I find it very interesting and have already placed a few trades using your guidelines. I was wondering if it would be possible for you to share some live trades where you highlight the exits in the future?

Keep up the good work!
Simon
  • #407
  • Feb 3, 2020 8:50am Feb 3, 2020 8:50am
I'm short EURCHF over the weekend, dotted vertical line is signal candle.
Price has broken temporary support at around 1.07233 (purple line).
It has come back to it and then continued down with a 1,2,3 candle pattern and an elastic stochastic.

(I believe entering below the shooting star, one candle earlier, would have been ideal, according to exception rules. Unfortunately I missed this, still having to get used to read the stochastic in real time)

As for trade management I plan to set the trade break even after it has reached 0.5R, TP when slow stochastic has crossed 23.6 level.

Any thoughts, corrections or advises?

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFDaily.png Size: 54 KB
  • #408
  • Feb 3, 2020 10:01am Feb 3, 2020 10:01am
Quoting gabba
I'm short EURCHF over the weekend, dotted vertical line is signal candle. Price has broken temporary support at around 1.07233 (purple line). It has come back to it and then continued down with a 1,2,3 candle pattern and an elastic stochastic. (I believe entering below the shooting star, one candle earlier, would have been ideal, according to exception rules. Unfortunately I missed this, still having to get used to read the stochastic in real time) As for trade management I plan to set the trade break even after it has reached 0.5R, TP when slow...
The entry was one candle before with lower Risk. Slow stoch is under 23.6 so risky trade. Consider closing trade when the Two stoch narrow lines together. Its a sign of reversal
Trade what you see
  • #409
  • Feb 3, 2020 10:48am Feb 3, 2020 10:48am
stop out on eurgbp
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.PNG Size: 54 KB
  • #410
  • Edited 5:09pm Feb 3, 2020 3:58pm | Edited 5:09pm
Quoting Mermain
stop out on eurgbp {image}
As I said on post 398 price should test the last low as it did. Its a good level to take profits. The riskless approach
Trade what you see
  • #411
  • Edited Feb 4, 2020 11:41am Feb 3, 2020 5:52pm | Edited Feb 4, 2020 11:41am
Placed a short order on CHFJPY
Price came back through previous support and is confirming it as resistance. elastic Stochastic

I've set TP at 1.5R and I might alter it according to slow Stochastic
At 0.5R I'll set the trade break even

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYDaily.png Size: 50 KB


Edit: Order deleted as price moved higher
  • #412
  • Feb 4, 2020 1:38am Feb 4, 2020 1:38am
Quoting gabba
Placed a short order on CHFJPY Price came back through previous support and is confirming it as resistance. elastic Stochastic I've set TP at 1.5R and I might alter it according to slow Stochastic At 0.5R I'll set the trade break even {image}
No LL was broken so trend not confirmed. Risky
Trade what you see
  • #413
  • Feb 4, 2020 4:13am Feb 4, 2020 4:13am
Quoting ghbdr
{quote} No LL was broken so trend not confirmed. Risky
Thank you for pointing the LL out.
  • #414
  • Feb 4, 2020 4:31am Feb 4, 2020 4:31am
With jrcMOD_fractals I am getting bellow 3 errors in MT4 build 1260.

Is there way to get update version on this indicator.

Attached Image (click to enlarge)
Click to Enlarge Name: jrcMOD_fractals_error.png Size: 10 KB

Attached File(s)
File Type: mq4 jrcMOD_Fractals.mq4   5 KB | 407 downloads
Kibria
  • #415
  • Feb 4, 2020 7:02am Feb 4, 2020 7:02am
Quoting gkb46
With jrcMOD_fractals I am getting bellow 3 errors in MT4 build 1260. Is there way to get update version on this indicator. {image} {file}
This are not errors, only warnings.
if this bothers you, try this:

Attached File(s)
File Type: mq4 jrcMOD_Fractals.mq4   5 KB | 437 downloads
  • #416
  • Feb 4, 2020 9:31am Feb 4, 2020 9:31am
Thanks, for quick update.
Kibria
  • #417
  • Feb 4, 2020 8:00pm Feb 4, 2020 8:00pm
Been studying this method and the ones in links in post #1. Think I found a decent short setup, wanted the group's opinion. Thanks in advance!
https://charts.mql5.com/23/475/usdjp...-division1.png
  • #418
  • Feb 5, 2020 2:42am Feb 5, 2020 2:42am
Quoting oradba
Been studying this method and the ones in links in post #1. Think I found a decent short setup, wanted the group's opinion. Thanks in advance! {image}
Not a valid trade. On D1 a new higher low is made so expect price to rise. You need a new LL and and LH to look for a short setup on D1
Trade what you see
  • #419
  • Feb 5, 2020 4:16am Feb 5, 2020 4:16am
Valid to trade right?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200205_181603_net.metaquotes.metatrader4.jpg Size: 561 KB
Click to Enlarge Name: Screenshot_20200205_181613_net.metaquotes.metatrader4.jpg Size: 577 KB
  • #420
  • Feb 5, 2020 5:56am Feb 5, 2020 5:56am
Quoting Jos3ph
Valid to trade right? {image} {image}
It can give you some pips mate, and although you see the elastic divergence and some resistence on W1, i still see a lot of momentum..price recently come from a 5,3,3 divergence on W1...H4 doesnt support the trade either. Well, this is just my opinion, may be Im wrong . I hope you get your pips!..but imho is a little risky.
“Stops don’t limit profits — they prevent disasters.”
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